Item 8.01 Other Events

On January 29, 2020, the Company announced that its Board of Directors approved a new stock repurchase program. The new stock repurchase program is to be implemented upon the completion of the Company's current stock repurchase program. There are 101,211 shares that remained available for repurchased under the Company's current stock repurchase program. Pursuant to the new stock repurchase program, the Company may repurchase up to an additional 230,000 shares of its common stock, or approximately 5% of its current outstanding shares.

A copy of the Company's press release announcing the approval of the new stock repurchase program is attached as Exhibit 99.1 to this report and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(a) Financial Statements of Businesses Acquired. Not applicable.

(b) Pro Forma Financial Information. Not applicable.

(c) Shell Company Transactions. Not applicable.






 (d) Exhibits.




Exhibit No. Description

99.1 Press Release dated January 29, 2020

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