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Note 14. Subsequent Event
12 Months Ended
Dec. 31, 2016
Note 14. Subsequent Event  
14. Subsequent Event

On January 10, 2017, the Company’s Board of Directors approved and declared a quarterly cash dividend of $0.05 per share. The dividend was paid on February 10, 2017 to shareholders of record as of January 23, 2017.

 

On February 28, 2017, the Company filed a Definitive Schedule 14C to decrease the Company's authorized shares of common stock from 100,000,000 shares to 20,000,000 shares and its authorized shares of preferred stock from 30,000,000 shares to 1,000,000 shares (the "Decrease Amendment").  The Company expects to file its Certificate of Amendment to Certificate of Incorporation to finalize the Decrease Amendment with the Delaware Secretary of State in mid to late March and will file a Current Report on Form 8-K at such time.