PREFERRED AND PREFERENCE STOCK

12 Months Ended

Dec. 31, 2012

PREFERRED AND PREFERENCE STOCK

PREFERRED AND PREFERENCE STOCK

5.     Preferred and Preference Stock

        We have 2.5 million shares of preference stock authorized, including 0.5 million shares of Series A Participating Preference Stock, none of which have been issued. We have 5 million shares of $10.00 par value cumulative preferred stock authorized. There was no preferred stock issued and outstanding at December 31, 2012 or 2011.