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Departure of Directors or Certain

(e) On October 30, 2015, the Compensation Committee of the Board of Directors (the Committee) reviewed the annual base salaries of Stanton E. Ross, President and Chief Executive Officer, and Thomas J. Heckman, Chief Financial Officer, Treasurer and Secretary, which were set at $175,000 each for 2015. These base salaries were unchanged from the four previous years. The Committee determined not to change the annual base salaries of either officer, but did increase the number of shares of common stock available in 2015 for awards of restricted stock or stock options to each officer from 50,000 to 100,000 shares based on their performance.

On October 30, 2015 the Committee...