(Registrant’s
Telephone Number, Including Area Code)
(Former
Name or Former Address, if Changed Since Last Report)
Check
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appropriate box below if the Form 8-K filing is intended to simultaneously
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provisions (see
General
Instruction A.2. below):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
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o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
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o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
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Item
5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of Certain
Officers.
On
May11, 2007, the Compensation Committee of the Board of Directors of the Company
authorized an increase in the base salary of Kenneth M. Wallace, the Company’s
Chief Operating Officer and Chief Finance Officer, from $190,000 to $210,000.
The increase was automatically effective to February 1, 2007, and therefore
also
resulted in an additional one-time payment of approximately $4,600 to Mr.
Wallace.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant
has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.