-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KgwfxW6Hw/zJ7V0lehoxJF6smCwIr29Sgokg/q00c5xnCIJd2cxap8W/qqE/iOYW qMDD8+y2YH8JpEdfLs2CaA== 0001341004-08-002754.txt : 20081027 0001341004-08-002754.hdr.sgml : 20081027 20081027172814 ACCESSION NUMBER: 0001341004-08-002754 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20081027 DATE AS OF CHANGE: 20081027 GROUP MEMBERS: D. STEPHEN SORENSEN GROUP MEMBERS: SHANNON P. SORENSEN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WESTAFF INC CENTRAL INDEX KEY: 0000931911 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] IRS NUMBER: 941266151 STATE OF INCORPORATION: DE FISCAL YEAR END: 1102 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-50455 FILM NUMBER: 081143043 BUSINESS ADDRESS: STREET 1: 298 NORTH WIGET LANE CITY: WALNUT CREEK STATE: CA ZIP: 94598-2453 BUSINESS PHONE: 9259305300 MAIL ADDRESS: STREET 1: P O BOX 9280 STREET 2: 298 NORTH WIGET LANE CITY: WALNUT CREEK STATE: CA ZIP: 94598-2453 FORMER COMPANY: FORMER CONFORMED NAME: WESTERN STAFF SERVICES INC DATE OF NAME CHANGE: 19941024 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Sorensen Trust CENTRAL INDEX KEY: 0001448794 IRS NUMBER: 553314440 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 3280 STATE STREET CITY: SANTA BARABARA STATE: CA ZIP: 93105 BUSINESS PHONE: 805-882-8200 MAIL ADDRESS: STREET 1: 3280 STATE STREET CITY: SANTA BARABARA STATE: CA ZIP: 93105 SC 13D 1 sc-13d.htm sc-13d.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
Under the Securities Exchange Act of 1934



WESTAFF, INC.

(Name of Issuer)

Common Shares, par value $0.01 per share

(Title of Class of Securities)

957070105

(CUSIP Number)

Sorensen Trust
D. Stephen Sorensen
3820 State Street
Santa Barbara, CA 93105
(805) 882-2200

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

With a copy to:

Robert B. Pincus, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
One Rodney Square
P.O. Box 636
Wilmington, DE 19899-0636
(302) 651-3000

October 16, 2008 

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(c), 240.13d-1(f) or 240.13d-1(g), check the following box. o
 
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 

 
CUSIP No.  032681108
 
1
Name of Reporting Persons
 
Sorensen Trust
 
2
Check The Appropriate Box if a Member of a Group
(See Instructions)
(a)           o
(b)           o
3
SEC Use Only
 
4
Source of Funds (See Instructions)
PF
5
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
o
6
Citizenship or Place of Organization
California
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
7
Sole Voting Power
 
8
Shared Voting Power
1,579,757
9
Sole Dispositive Power
 
10
Shared Dispositive Power
1,579,757
11
Aggregate Amount Beneficially Owned by Each Reporting Person
1,579,757
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
o
13
Percent of Class Represented by Amount in Row (11)
9.4%
14
Type of Reporting Person (See Instructions)
OO
 

 
CUSIP No.  032681108
 
1
Name of Reporting Persons
 
D. Stephen Sorensen
 
2
Check The Appropriate Box if a Member of a Group
(See Instructions)
(a)           o
(b)           o
3
SEC Use Only
 
4
Source of Funds (See Instructions)
OO
5
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
o
6
Citizenship or Place of Organization
United States of America
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
7
Sole Voting Power
 
8
Shared Voting Power
1,579,757
9
Sole Dispositive Power
 
10
Shared Dispositive Power
1,579,757
11
Aggregate Amount Beneficially Owned by Each Reporting Person
1,579,757
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
o
13
Percent of Class Represented by Amount in Row (11)
9.4%
14
Type of Reporting Person (See Instructions)
IN
 

 
CUSIP No.  032681108
 
1
Name of Reporting Persons
 
Shannon P. Sorensen
 
2
Check The Appropriate Box if a Member of a Group
(See Instructions)
(a)           o
(b)           o
3
SEC Use Only
 
4
Source of Funds (See Instructions)
OO
5
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
o
6
Citizenship or Place of Organization
United States of America
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
7
Sole Voting Power
 
8
Shared Voting Power
1,579,757
9
Sole Dispositive Power
 
10
Shared Dispositive Power
1,579,757
11
Aggregate Amount Beneficially Owned by Each Reporting Person
1,579,757
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
o
13
Percent of Class Represented by Amount in Row (11)
9.4%
14
Type of Reporting Person (See Instructions)
IN
 

 
 Responses to each item of this Schedule 13D are incorporated by reference into the response to each other item, as applicable.

Item 1.   Security and Issuer

 This Schedule 13D relates to common shares, par value $0.01 per share (the "Common Shares"), of Westaff, Inc., a Delaware corporation (the "Issuer").  The principal executive offices of the Issuer are located at 298 North Wiget Lane, Walnut Creek, California  94598-2453.

Item 2.   Identity and Background

 This Schedule 13D is being filed jointly by the Sorensen Trust, D. Stephen Sorensen ("Mr. Sorensen"), an individual, and Shannon P. Sorensen, an individual ("Mrs. Sorensen" and, together with the Sorensen Trust and Mr. Sorensen, the "Reporting Persons," and each a "Reporting Person").  A Joint Filing Agreement among the Reporting Persons is attached hereto as Exhibit A.  The principal business address of each of the Reporting Persons is 3280 State Street, Santa Barbara, California 93105.

 The Sorensen Trust is a California trust.  Mr. and Mrs. Sorensen, both individuals, are the settlors and sole trustees of the Sorensen Trust.  Mr. and Mrs. Sorensen are citizens of the United States of America.

 The Sorensen Trust holds 97% of the issued and outstanding equity interests in Koosharem Corporation.  Koosharem Corporation, a California corporation (which does business as the “Select Family of Staffing Companies” which include “SelectRemedy” and “Select Staffing”) is a national staffing industry leader, with annual sales of nearly $1.5 billion and serving more than 10,000 customers in 35 states from over 300 offices.  Founded in Santa Barbara, California in 1985, Koosharem Corporation offers premier workforce management services, including recruiting and screening professional job candidates, payroll and time attendance management, on-site supervision, proactive safety programs, and specialty staffing solutions, to a wide variety of client companies, including manufacturing, industrial, clerical, administrative, accounting, finance, information technology and professional services.

 During the past five years, none of the Reporting Persons or other individuals identified in this Item 2, has been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of which was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding a violation in respect to such laws.

Item 3.   Source and Amount of Funds or Other Consideration

 The Sorensen Trust used its personal funds to acquire the Common Shares reported on this Schedule 13D.

 The aggregate cost of purchasing such shares (excluding brokerage commissions, if any) was $497,047.97.

Item 4.   Purpose of Transaction

 The Reporting Persons acquired the Common Shares for investment purposes because they believe that the Common Shares are undervalued in the market and represent an attractive investment
 

 
opportunity.  As described below, Koosharem Corporation has had, and intends to continue to have, conversations with the Issuer’s management and the board of directors regarding the Issuer, its business, its prospects and possible strategies to maximize shareholder value by acquiring 100% of the Issuer’s outstanding Common Shares.  The Reporting Persons may in the future consider a variety of different alternatives to achieving their goals of maximizing the value of their investment, including negotiated transactions, tender offers, proxy contests for control of the Issuer’s board of directors, consent solicitations or other actions.  It should not be assumed, however, that such Reporting Persons will take any of the forgoing actions.  The Reporting Persons reserve the right to participate, alone or with others, in plans, proposals or transactions of a similar or different nature with respect to the Issuer or to sell or dispose of the Common Shares in part or in whole.  The Reporting Persons may also communicate with the Issuer regarding the Issuer's business, its prospects and possible strategies including an acquisition of Issuer by Koosharem.

 On June 2, 2008, Mr. Sorensen sent a letter on behalf of Koosharem Corporation (as Select Staffing) to Michael Phillips, a director of the Issuer, setting forth a non-binding proposal for a combination of the Issuer and Select Staffing.  The proposal involved an affiliate of Select Staffing acquiring all of the outstanding shares of the Issuer at a price in the range of $4.00 to $4.25 per share in cash.  That proposal was explicitly subject to the completion of required due diligence, as well as the satisfactory negotiation and execution of mutually agreeable definitive transaction documents.  The Issuer declined to engage in any meaningful discussions with Koosharem, and its stock price continued to decline dramatically in the subsequent months.

 On August 21, 2008, Mr. Sorensen sent a letter on behalf of Koosharem Corporation (as Select Staffing) to Michael T. Willis, the Chairman and Chief Executive Officer of the Issuer, setting forth a non-binding proposal for a combination of the Issuer and Select Staffing.  The proposal involved Select Staffing acquiring all of the outstanding shares of the Issuer at a price of $1.40 per share in cash, a 65% premium to the closing price of the Issuer's stock as of August 20, 2008.  That proposal was explicitly subject to the completion of required due diligence, as well as the satisfactory negotiation and execution of mutually agreeable definitive transaction documents.  The Issuer declined to engage in any meaningful discussions with Koosharem regarding this proposal.

 On October 6, 2008, Mr. Sorensen sent a letter on behalf of Koosharem Corporation (as Select Staffing) to Mr. Willis, setting forth a revised non-binding proposal for a combination of the Issuer and Select Staffing.  The revised proposal involved Select Staffing acquiring all of the outstanding shares of the Issuer at a price of $2.25 per share in cash, a 750% premium to the closing price of the Issuer's stock as of October 6, 2008.  That revised proposal was explicitly subject to the completion of required due diligence, as well as the satisfactory negotiation and execution of mutually agreeable definitive transaction documents.  The Issuer declined to engage in any meaningful discussions with Koosharem regarding this proposal.

 On October 9, 2008, the Issuer and Select Staffing executed a confidentiality agreement pursuant to which the Issuer would provide Select Staffing with certain information in connection with discussing a potential transaction between the Issuer and Select Staffing.

 No proposal is currently outstanding.  Except as set forth in this Schedule 13D, the Reporting Persons do not have any present plan or proposal that would relate to or result in any of the matters set forth in subparagraphs (a) – (j) of Item 4 of Schedule 13D.  The Reporting Persons intend to review their investment in the Issuer on a continuing basis.  Depending on various factors including, without limitation, the Company's financial position and strategic direction, price levels of the Common Shares, conditions in the securities market and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to this investment in the Company as they deem
 

 
appropriate including, but not limited to, making another offer to acquire the outstanding Common Shares of the Issuer, purchasing additional Common Shares or selling some or all of their Common Shares in the open market or in privately negotiated transactions or otherwise changing their intention with respect to any and all matters referred to in Item 4 of this Schedule 13D.

Item 5.   Interest in Securities of the Issuer

 (a) The aggregate number of Common Shares beneficially owned by the Reporting Persons as of the date hereof is 1,579,757.  The Reporting Persons are beneficial owners of 9.4% of the outstanding Common Shares.  According to the Issuer's quarterly report for the period ended July 12, 2008, as of August 25, 2008, 16,697,010 Common Shares were outstanding.

 (b) The Reporting Persons have the shared power to vote or direct the vote of, and to dispose or direct the disposition of, the Common Shares beneficially owned by them.

 (c) The following table sets forth all transactions with respect to the Common Shares effected during the past 60 days by the Reporting Persons, inclusive of any transactions effected through 4:00 p.m., New York City time, on October 27, 2008.  Except as otherwise noted all such transactions were effected in the open market.

Name of Entity
Date
Number of Shares
Price per Share (in $)
Total Price (In $)
Sorensen Trust
9/29/2008
1,900
.50000
950.00
Sorensen Trust
9/29/2008
8,000
.50000
4,000.00
Sorensen Trust
9/29/2008
100
.50000
50.00
Sorensen Trust
10/8/2008
10,000
.26000
2,600.00
Sorensen Trust
10/8/2008
5,900
.25000
1,475.00
Sorensen Trust
10/8/2008
19,000
.25000
4,750.00
Sorensen Trust
10/8/2008
100
.25000
25.00
Sorensen Trust
10/9/2008
500
.24000
120.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
200
.24000
48.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
10,971
.24000
2,633.04
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
800
.24000
192.00
 

 
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
350
.24000
84.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
100
.24000
24.00
Sorensen Trust
10/9/2008
2,000
.24000
480.00
Sorensen Trust
10/14/2008
100
.30000
30.00
Sorensen Trust
10/14/2008
100
.30000
30.00
Sorensen Trust
10/14/2008
1,200
.30000
360.00
Sorensen Trust
10/14/2008
100
.30000
30.00
Sorensen Trust
10/14/2008
200
.30000
60.00
Sorensen Trust
10/14/2008
200
.30000
60.00
Sorensen Trust
10/14/2008
100
.30000
30.00
Sorensen Trust
10/14/2008
579
.30000
173.70
Sorensen Trust
10/14/2008
700
.30000
210.00
Sorensen Trust
10/14/2008
100
.29000
29.00
Sorensen Trust
10/14/2008
200
.30000
60.00
Sorensen Trust
10/14/2008
1,421
.30000
426.30
Sorensen Trust
10/14/2008
2,036
.30000
610.80
Sorensen Trust
10/14/2008
300
.30000
90.00
Sorensen Trust
10/14/2008
600
.30000
180.00
Sorensen Trust
10/14/2008
100
.30000
30.00
Sorensen Trust
10/14/2008
100
.30000
30.00
Sorensen Trust
10/14/2008
14,443
.30000
4,332.90
Sorensen Trust
10/14/2008
100
.30000
30.00
Sorensen Trust
10/14/2008
9,900
.30000
2,970.00
Sorensen Trust
10/14/2008
400
.30000
120.00
Sorensen Trust
10/14/2008
2,500
.30000
750.00
Sorensen Trust
10/14/2008
1,100
.30000
330.00
Sorensen Trust
10/14/2008
5,000
.30000
1,500.00
Sorensen Trust
10/14/2008
1,000
.30000
300.00
Sorensen Trust
10/14/2008
100
.29000
29.00
Sorensen Trust
10/14/2008
300
.29000
87.00
Sorensen Trust
10/14/2008
100
.29000
29.00
Sorensen Trust
10/14/2008
200
.30000
60.00
Sorensen Trust
10/14/2008
100
.30000
30.00
Sorensen Trust
10/14/2008
200
.30000
60.00
Sorensen Trust
10/14/2008
2,000
.30000
600.00
Sorensen Trust
10/14/2008
400
.30000
120.00
Sorensen Trust
10/14/2008
200
.30000
60.00
Sorensen Trust
10/14/2008
4,800
.30000
1,440.00
Sorensen Trust
10/14/2008
199
.30000
59.70
Sorensen Trust
10/14/2008
199
.30000
59.70
Sorensen Trust
10/14/2008
11,200
.30000
3,360.00


 
Sorensen Trust
10/14/2008
2
.30000
.60
Sorensen Trust
10/16/2008
999,914
.29997
299,944.20
Sorensen Trust
10/24/2008
200
.35000
70.00
Sorensen Trust
10/24/2008
300
.35000
105.00
Sorensen Trust
10/24/2008
200
.35000
70.00
Sorensen Trust
10/24/2008
600
.35000
210.00
Sorensen Trust
10/24/2008
2,900
.35000
1,015.00
Sorensen Trust
10/24/2008
34,600
.35000
12,110.00
Sorensen Trust
10/24/2008
100
.33000
33.00
Sorensen Trust
10/24/2008
700
.33000
231.00
Sorensen Trust
10/24/2008
100
.33000
33.00
Sorensen Trust
10/24/2008
300
.33000
99.00
Sorensen Trust
10/24/2008
700
.33000
231.00
Sorensen Trust
10/24/2008
100
.33000
33.00
Sorensen Trust
10/24/2008
300
.33000
99.00
Sorensen Trust
10/24/2008
1,600
.33000
528.00
Sorensen Trust
10/24/2008
100
.33000
33.00
Sorensen Trust
10/24/2008
300
.33000
99.00
Sorensen Trust
10/24/2008
3,900
.33000
1,287.00
Sorensen Trust
10/24/2008
1,200
.33000
396.00
Sorensen Trust
10/24/2008
4,500
.33000
1,485.00
Sorensen Trust
10/24/2008
100
.33000
33.00
Sorensen Trust
10/24/2008
23,500
.33000
7,755.00
Sorensen Trust
10/27/2008
100
.35000
35.00
Sorensen Trust
10/27/2008
100
.34000
34.00
Sorensen Trust
10/27/2008
100
.32000
32.00
Sorensen Trust
10/27/2008
500
.34500
172.50
Sorensen Trust
10/27/2008
5,000
.33000
1,650.00
Sorensen Trust
10/27/2008
600
.33000
198.00
Sorensen Trust
10/27/2008
95
.33000
31.35
Sorensen Trust
10/27/2008
1,000
.33000
330.00
Sorensen Trust
10/27/2008
100
.34000
34.00
Sorensen Trust
10/27/2008
5,700
.35000
1,995.00
Sorensen Trust
10/27/2008
4,300
.35000
1,505.00
Sorensen Trust
10/27/2008
700
.35000
245.00
Sorensen Trust
10/27/2008
200
.35000
70.00
Sorensen Trust
10/27/2008
100
.35000
35.00
Sorensen Trust
10/27/2008
2,000
.35000
700.00
Sorensen Trust
10/27/2008
248,000
.35000
86,800.00
Sorensen Trust
10/27/2008
2,000
.35000
700.00
Sorensen Trust
10/27/2008
37,000
.35000
12,950.00
Sorensen Trust
10/27/2008
2,600
.35000
910.00
Sorensen Trust
10/27/2008
200
.35000
70.00
Sorensen Trust
10/27/2008
100
.35500
35.50
Sorensen Trust
10/27/2008
100
.35500
35.50
Sorensen Trust
10/27/2008
2,300
.35500
816.50
Sorensen Trust
10/27/2008
7,000
.35500
2,485.00
Sorensen Trust
10/27/2008
4,500
.35500
1,597.50
Sorensen Trust
10/27/2008
1,100
.35500
390.50
Sorensen Trust
10/27/2008
4,200
.35500
1,491.00
Sorensen Trust
10/27/2008
1,100
.35500
390.50
Sorensen Trust
10/27/2008
2,100
.35500
745.50
Sorensen Trust
10/27/2008
1,100
.35500
390.50
Sorensen Trust
10/27/2008
1,100
.35500
390.50
Sorensen Trust
10/27/2008
100
.36000
36.00
Sorensen Trust
10/27/2008
5,000
.37000
1,850.00
Sorensen Trust
10/27/2008
2,613
.36000
940.68
Sorensen Trust
10/27/2008
100
.37000
37.00
Sorensen Trust
10/27/2008
100
.37000
37.00
Sorensen Trust
10/27/2008
100
.39000
39.00
Sorensen Trust
10/27/2008
100
.39000
39.00
Sorensen Trust
10/27/2008
400
.39500
158.00
Sorensen Trust
10/27/2008
500
.40000
200.00
Sorensen Trust
10/27/2008
1,300
.38000
494.00
Sorensen Trust
10/27/2008
1,300
.40000
520.00
Sorensen Trust
10/27/2008
100
.40000
40.00
Sorensen Trust
10/27/2008
1,300
.40000
520.00
Sorensen Trust
10/27/2008
500
.40000
200.00
Sorensen Trust
10/27/2008
100
.40000
40.00
Sorensen Trust
10/27/2008
18,500
.40000
7,400.00
Sorensen Trust
10/27/2008
8,235
.40000
3,294.00
Sorensen Trust
10/27/2008
3,000
.40000
1,200.00
Sorensen Trust
10/27/2008
100
.40000
40.00
 
 (d) Except as set forth in this Item 5, no person is known to have the right to receive or to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock beneficially owned by the Reporting Persons.

 (e) Not applicable.

Item 6.   Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

 Except as otherwise set forth herein, the Reporting Persons do not have any contract, arrangement, understanding or relationship with any person with respect to any securities of the Issuer.


 
Item 7.   Material to be Filed as Exhibits

  Exhibit A –
Joint Filing Agreement
 

 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated as of October 27, 2008

 
SORENSEN TRUST
 
 
 
  By:
/s/ D. Stephen Sorensen
   
D. Stephen Sorensen
Trustee
 
 
/s/ Shannon P. Sorensen
   
Shannon P. Sorensen
Trustee
 

   
 
/s/ D. STEPHEN SORENSEN
 
D. STEPHEN SORENSEN

   
 
/s/ SHANNON P. SORENSEN
 
SHANNON P. SORENSEN



Exhibit A

JOINT FILING AGREEMENT

This agreement is made pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934 (the "Act") by and among the parties listed below, each referred to herein as a "Joint Filer."  The Joint Filers agree that a statement of beneficial ownership as required by Section 13(d) of the Act and the Rules thereunder may be filed on each of their behalf on Schedule 13D or Schedule 13G, as appropriate, and that said joint filing may thereafter be amended by further joint filings.  The Joint Filers state that they each satisfy the requirements for making a joint filing under Rule 13d-1.

IN WITNESS WHEREOF, the undersigned have executed this agreement as of the 27th day of October 2008.


 
SORENSEN TRUST
 
 
 
  By:
/s/ D. Stephen Sorensen
   
D. Stephen Sorensen
Trustee
 
 
/s/ Shannon P. Sorensen
   
Shannon P. Sorensen
Trustee
 

   
 
/s/ D. STEPHEN SORENSEN
 
D. STEPHEN SORENSEN

   
 
/s/ SHANNON P. SORENSEN
 
SHANNON P. SORENSEN


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