Establishment of a special committee
AND EXCHANGE COMMISSION
to Section 13 or 15(d) of the
Exchange Act of 1934
Report (Date of earliest event reported): April 26,
name of registrant as specified
in its charter)
or other jurisdiction
Cascade Road, S.E.
of principal executive offices)
telephone number, including
area code: (616)
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the Registrant under any of the following
communications pursuant to Rule 425 under the Securities Act (17 CFR
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b)).
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)).
of Directors of the registrant has established a Special Committee of
independent directors to explore strategic alternatives to enhance shareholder
value. These alternatives could include, but are not limited to, a possible
or merger, recapitalization, strategic alliance or joint venture. The Special
Committee has retained Philo Smith Capital Corporation as its financial advisor.
be no assurance that the exploration of strategic alternatives will result
any transaction. The registrant does not anticipate any further public comment
on this issue unless and until the Special Committee deems it necessary and
connection with the appointment of the Special Committee and the exploration
strategic alternatives, the registrant determined to delay its annual meeting
shareholders. Accordingly, the annual meeting will not be held in May as has
been the registrant’s historical practice.
the requirements of the Securities Exchange Act of 1934, the registrant has
caused this report to be signed on its behalf by the undersigned thereunto
Stephen M. Tuuk
and Chief Executive Officer