AMENDMENT NO. 25 TO SCHEDULE 13D
This Amendment No. 25 to Schedule 13D (this Twenty-Fourth Amendment) amends and supplements the Schedule 13D originally filed on
April 17, 2008, as amended by Amendment No. 1 on June 25, 2008, Amendment No. 2 on August 28, 2008, Amendment No. 3 on September 29, 2008, Amendment No. 4 on December 30, 2008, Amendment No. 5 on
July 2, 2009, Amendment No. 6 on December 3, 2009, Amendment No. 7 on September 13, 2010, Amendment No. 8 on May 17, 2011, Amendment No. 9 on March 23, 2012, Amendment No. 10 on January 10,
2014, Amendment No. 11 on January 14, 2015, Amendment No. 12 on May 5, 2015, Amendment No. 13 on August 28, 2015, Amendment No. 14 on April 13, 2016, Amendment No. 15 on July 12, 2016, Amendment
No. 16 on December 1, 2016, Amendment No. 17 on April 20, 2017, Amendment No. 18 on December 6, 2017, Amendment No. 19 on August 20, 2018, Amendment No. 20 on December 12, 2018, Amendment No. 21
on December 13, 2018, Amendment No. 22 on December 13, 2019, Amendment No. 23 on April 22, 2020, and Amendment No. 24 on May 28, 2020 (collectively, the Schedule 13D). Unless otherwise indicated,
all capitalized terms used but not defined herein shall have the same meaning ascribed to them in the Schedule 13D.
This Twenty-Fifth Amendment is being
filed to make updates and amendments to the Schedule 13D as follows:
Item 1.
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Security and Issuer
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There are no changes to the Item 1 information previously filed.
Item 2.
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Identity and Background
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There are no changes to the Item 2 information previously filed.
Item 3.
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Source and Amount of Funds or Other Consideration
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There are no changes to the Item 3 information previously filed.
Item 4.
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Purpose of Transaction
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Item 4 is hereby amended by deleting the following language thereto:
On April 14, 2020, Mr. Mitchell, Dalea, Longfellow, the Alexandria Trust, the Noah Trust, the Elizabeth Trust and
Mr. Stevenson Briggs Mitchell (collectively, the Preferred Group) submitted an initial non-binding preliminary letter of intent and term sheet (the Initial Proposal)
to the board of directors of the Issuer (the Board). In the Initial Proposal, the Preferred Group proposed to acquire all of the outstanding shares of Common Stock of the Issuer. On April 18, 2020, the Board rejected the
Preferred Groups Initial Proposal based on their view of the purchase price. On April 21, 2020, the Preferred Group submitted a revised non-binding preliminary letter of intent and term sheet to the
Board (the First Revised Proposal). On May 26, 2020, the Board rejected the Preferred Groups First Revised Proposed based on their view of the purchase price. On May 28, 2020, the Preferred Group submitted a second
revised non-binding preliminary letter of intent and term sheet to the Board (the Second Revised Proposal, together with the Initial Proposal and the First Revised Proposal, the
Proposal). The Proposal also provided that, among other things, the Preferred Group would negotiate and execute definitive agreements with respect to the contemplated transaction that would provide for representations, warranties,
covenants and conditions that would be market and appropriate for transactions of this type. If such acquisition transaction is carried out and consummated, the Reporting Persons intend to delist the Issuers securities from all stock exchanges
and the registration of the shares of Common Stock of the Issuer is expected to be terminated.