8.  Subsequent Events

Resignation of Director

On August 3, 2015, Timothy Petersen notified the Company that he has resigned as a member of its board of directors; the Compensation, Nominating, and Governance Committee; and the Audit Committee, effective immediately. Mr. Petersen’s resignation was not the result of any disagreement with the Company relating to the Company’s operations, policies or practices.  The board of directors has reduced the size of the Compensation, Nominating, and Governance Committee by one member following the departure of Mr. Petersen.

Appointment of Director

On August 3, 2015, the Board appointed R. Scott Greer to the Board, effective immediately.  Mr. Greer will serve as a Class I director, with a term expiring at the annual meeting of stockholders to be held in 2015. In addition, on the same date, the board of directors appointed Mr. Greer as a member of the Audit Committee, replacing Timothy Petersen. Since June 2003, Mr. Greer has served on numerous public and private boards and has extensive corporate governance experience. Mr. Greer holds a B.A. in economics from Whitman College and an M.B.A. from Harvard University. He also was a certified public accountant.