Item 4 of the below filing provides the following update:
On March 1, 2016, an affiliate of the Reporting Persons issued a letter to the shareholders of the Issuer (the “Letter to Shareholders”) outlining the Reporting Persons’ analysis regarding the unrecognized value of the Assets and how the capital infusion provided by the sale of the Assets could allow the Issuer to pursue several opportunities to enhance value for all shareholders. The Letter to Shareholders details the Issuer’s recent operational and financial underperformance and concludes by encouraging shareholders to contact the Issuer’s management to better understand their strategic, long-term vision for the Issuer’s business and to compare such vision to the Reporting Persons’ proposals.The forgoing description of the Letter to Shareholders does not purport to be complete and is qualified in its entirety by reference to the full text of the Letter to Shareholders, which is filed as Exhibit 99.1 hereto and is incorporated herein by reference.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|William F. Thomas||320,511||2,799,242||320,511||2,799,242||3,119,753||6.4%|
|Robert D. Thomas||0||3,022,076||0||3,022,076||3,022,076||6.2%|
Page 1 of 9 SEC Filing
Eller & Detrich, P.C.
Akin Gump Strauss Hauer & Feld LLP
Attn: Philip J. Eller, Esq.
Attn: Jeffrey L. Kochian, Esq.
2727 East 21st Street, Suite 200
One Bryant Park
Tulsa, Oklahoma 74114
New York, New York 10036