Executive Compensation Revisions to Form 8-K - Effective November 7, 2006

On November 7, 2006, the SEC’s revisions to Item 1.01 and Item 5.02 of Form 8‑K will become effective for all triggering events occurring on or after that date. Early compliance is not permitted with respect to the Form 8-K amendments.

Revisions to Item 5.02 were made to move all discussion of executive employment agreements and arrangements from Item 1.01 “Entry into a Material Definitive Agreement” to a more logical place in Item 5.02 “Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.”

The Item 5.02 revisions also expand required disclosure to include the departure of any “named executive officer” in addition to any “principal officer” and to include the employment and compensation arrangements in connection with the appointment of a “principal officer.” “Named executive officers” are largely determined by compensation level and include the CEO, the CFO, and three other of