Item 1.01. Entry into a Material Definitive Agreement
Upon the recommendation of our Compensation Committee of our Board of Directors
(the "Board"), on June 29, 2009 our Board increased the annual retainer payment
for non employee directors to $45,000. In addition, the Board, as Administrator
under the Amended and Restated 2004 Equity Incentive Plan (the "Plan"), replaced
the grant of Subsequent Options (as defined in the Plan) to directors with an
annual grant of $60,000 in shares of our common stock (the "Stock Award"). The
Stock Award was issued to each non employee director on June 29, 2009, with the
exception of David A. Gollnick, in lieu of the Subsequent Option that would have
been provided to the non-employee directors following the 2009 Annual Meeting.
It is expected that the Stock Award will be issued automatically to the then
current non-employee directors at each annual meeting thereafter.
