As disclosed in the company's proxy statement filed with the SEC on July 23, 2012, Alan Jochelson, a current director, has stated his intention not to stand for re-election to the Board of Directors at the 2012 annual meeting of shareholders. Mr. Jochelson's decision was not based on any disagreement with the company on any matter relating to the company's operations, policies or practices. Mr. Jochelson will continue to serve as a director until the election and qualification of the Board of Directors at the annual meeting.