Item 1.01. Entry into a Material Definitive Agreement.

On July 19, 2012, the Registrant entered into an Addendum to the Second Amended and Restated Employment Agreement dated as of July 18, 2005 with Harvey B. Grossblatt, President and Chief Executive Officer of the Registrant (the "Addendum"). The Addendum extended the term of Mr. Grossblatt's employment by one year, from July 31, 2012 to July 31, 2013, and continued the threshold of pre-tax net income of the Registrant on which the Executive may earn a bonus for the fiscal year beginning April 1, 2012 to 4% of shareholders' equity as of April 1, 2012. The threshold on which the Executive may earn a bonus for the fiscal year beginning April 1, 2013 will be determined by the Registrant's Compensation Committee prior to the beginning of such fiscal year.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits

The following exhibits are filed herewith:

Exhibit No.

10.1 Addendum, dated July 19, 2012, to Second Amended and Restated Employment Agreement