Item 1.01. Entry into a Material Definitive Agreement.

On July 22, 2022, the Registrant entered into an Addendum to the Second Amended and Restated Employment Agreement dated as of July 18, 2005 with Harvey B. Grossblatt, President and Chief Executive Officer of the Registrant (the "Addendum"). The Addendum extended the term of Mr. Grossblatt's employment by one year, from July 31, 2022 to July 31, 2023. In addition, the Registrant continued the bonus threshold on which the Executive may earn a bonus for the fiscal year beginning April 1, 2022 at 4% of shareholders' equity as of April 1, 2022.

Item 9.01. Financial Statements and Exhibits.






(c)    Exhibits

The following exhibits are filed herewith:

Exhibit No.

10.1 Addendum, dated July 22, 2022, to Second Amended and Restated


         Employment Agreement
104      Cover Page Interactive Data File (embedded within the Inline XBRL

document).

© Edgar Online, source Glimpses