Subsequent Events

9 Months Ended

Sep. 30, 2018

12.	Subsequent Events

In October 2018, the Company signed a non-binding Letter of Intent to sell its Millen, Georgia plant for $26,000. The transaction is expected to close before year-end.

In October 2018, the Company signed a non-binding Letter of Intent to contribute certain idled assets for a minority ownership in PicOnyx, Inc., developer of M-Tone^TM, a new family of functional pigments for the plastics, paints, ink, coatings and adhesives markets. The transaction is expected to close before year-end.

Also in October 2018, the CEO temporarily and voluntarily reduced his base pay to $750 effective November 1, 2018. Future adjustments to the CEO’s base pay may occur as revenues and financial metrics continue to improve. The CEO’s employment contract has not been amended in connection with this voluntary change.