It is our pleasure to let each of you know that over the course of the last 18 months, the company has been engaged in an in-depth planning initiative. We all recognize that the future strategy, growth, and health of the company is critical to the stability that we all value and appreciate as being individual, vital participants in the larger Baker team.

With the professional help of outside consultants / vendors, including those very familiar with our organization such as FMI, Statarius, and Ward & Smith, we have examined in detail our equity structure, growth priorities and select operational and sales leadership positions.

While the company will always be engaged in further development opportunities and challenges, we identified the following actions as ones that needed fulfillment in the immediate term. Thus, we are pleased to inform you of those items;