Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On July 2, 2012, our board of directors appointed Michael W. Weber, age 47, our
company's Vice President of Finance, to also serve as our company's principal
financial officer and principal accounting officer, effective immediately.
Mr. Weber joined our company as Director of Finance and Controller in April of
2007 and was appointed Vice President of Finance in March of 2011. Mr. Weber's
compensation has not changed in connection with his appointment to the
additional positions.
In connection with the departure of Scott Christian, our former chief financial
officer, the compensation committee of our board of directors determined that he
will be paid an amount equal to the amounts he would be paid under his severance
agreement in connection with a termination not for cause. These payments were
definitively approved on July 2, 2012.
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