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Severance Charges
6 Months Ended
Jun. 30, 2013
Restructuring and Related Activities [Abstract]  
Severance Charges
Severance Charges

At the Company's annual meeting of shareholders in May, the Company's shareholders reduced the Board of Directors from nine to five directors. Richard W. Turner, Ph.D., was appointed Chairman of the Board to lead the reconstituted Board consisting of four existing directors and one new director. Additionally, the Board appointed Matthew D. Thompson Acting Chief Operating Officer of the Company, replacing William J. Simpson, Jr. in that role. In addition to his duties as Acting Chief Operating Officer, Mr. Thompson continues to serve as the Company's Chief Financial Officer. The Board furthermore appointed Laura L. Little to the position of Vice President of Finance and Principal Accounting Officer. Ms. Little has been with the Company since December 2009.

On June 3, 2013, the Board of Directors accepted the resignation of Rost A. Ginevich from his position with the Company as Chief Information Officer and appointed James A. Honn to this position. In connection with his resignation, Mr. Ginevich entered into a severance agreement and general release with the Company, effective June 14, 2013. Under the agreement, Mr. Ginevich will receive, in addition to any base compensation owed and earned but unused vacation pay, severance payments over a three month period that in the aggregate equal three months' worth of his annual base compensation. The Company recorded a severance charge of approximately $46,000 in connection with the severance agreement.

Mr. Simpson continued to serve as President of the Company until July 2, 2013 when he resigned, effective July 1, 2013. In connection with his resignation, Mr. Simpson entered into a severance agreement and general release with the Company, effective July 1, 2013. Under the agreement, Mr. Simpson will receive, in addition to any base compensation owed and earned but unused vacation pay, severance payments over a six month period that in the aggregate equal six months' worth of his annual base compensation, or $147,500, and has the right to continue participation in the Company-sponsored group health insurance plan in accordance with applicable laws, rules and regulations. The total severance charge recorded by the Company during the three months ended June 30, 2013 related to Mr. Simpson's resignation was approximately $170,000.

The severance charges related to Mr. Simpson and Mr. Ginevich are included in selling, general and administrative expenses on the condensed consolidated statement of operations.