Subsequent Events

6 Months Ended

Jun. 30, 2014

Subsequent Events

Subsequent Events

11.Subsequent Events

On July 23, 2014, the Company declared a regular quarterly cash dividend of $0.125 (12.5 cents) per share on the Company’s common stock.  This dividend is payable on September 19, 2014 to shareholders of record at the close of business on August 29, 2014.

On July 25, 2014, the Company and Timothy W. Byrne, the President and Chief Executive Officer of the Company, entered into a new Employment Agreement with terms similar to his existing Employment Agreement, to be effective as of January 1, 2015 (the “New Employment Agreement”). At that time, the New Employment Agreement will replace Mr. Byrne’s existing Employment Agreement, dated as of January 1, 2009.