12.

Capital Stock

Common Stock

The Company is authorized to issue 50,000,000 shares of common stock, par value $0.01 per share. At December 31, 2013, there were 19,855,430 shares of common stock issued and 18,597,180 shares outstanding.

Preferred Stock

Shareholders approved an amended Certificate of Formation for the Company on June 15, 2010 under which the Company is authorized to issue 10,000,000 shares of preferred stock, par value $0.01 per share. At December 31, 2013, there were no shares of preferred stock outstanding.

No shares of these classes of capital stock were outstanding at December 31, 2013 or 2012. No shares of these classes of capital stock were issued in the three year period ended December 31, 2013. Effective December 31, 2009, all outstanding shares of Series C preferred stock and Series D preferred stock were redeemed and canceled.