Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 22, 2012, the Compensation Committee of the Board of Directors of the Company approved the compensation arrangements with respect to the previously-announced appointment of George W. Hebard III as the Company's interim Principal Executive Officer and interim Chief Operating Officer. Mr. Hebard will receive an annual base salary of $395,000 commencing as of the date of his appointment as the Company's interim Principal Executive Officer and interim Chief Operating Officer and will be eligible for participation in the Company's annual cash incentive program with a target bonus of 50% of his base salary.

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