Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

Subsequent Events	6 Months Ended
Jun. 30, 2020
Subsequent Events
Subsequent Events	12. Subsequent Events On July 21, 2020, the Company declared a dividend of $0.12 per share, or $2,654,076 in the aggregate, payable on August 7, 2020, to its shareholders of record as of July 31, 2020. In July 2020 the Company entered into an employment agreement with Peter J. Cuozzo, pursuant to which Mr. Cuozzo will serve as the Company’s Executive Vice President – Chief Operating Officer. His employment term commenced July 1, 2020 and his base salary is $250,000 per year. He is also entitled to incentive compensation based on criteria established by the Compensation Committee. Either party can terminate the agreement at any time upon delivery of written notice to the other party. In addition, he is entitled to severance pay equal to 18 months of his base salary if he is terminated without cause, or if he terminates for good reason, prior to July 1, 2022.

Subsequent Events

6 Months Ended

Jun. 30, 2020

12. Subsequent Events

On July 21, 2020, the Company declared a dividend of $0.12 per share, or $2,654,076 in the aggregate, payable on August 7, 2020, to its shareholders of record as of July 31, 2020.

In July 2020 the Company entered into an employment agreement with Peter J. Cuozzo, pursuant to which Mr. Cuozzo will serve as the Company’s Executive Vice President – Chief Operating Officer. His employment term commenced July 1, 2020 and his base salary is $250,000 per year. He is also entitled to incentive compensation based on criteria established by the Compensation Committee. Either party can terminate the agreement at any time upon delivery of written notice to the other party. In addition, he is entitled to severance pay equal to 18 months of his base salary if he is terminated without cause, or if he terminates for good reason, prior to July 1, 2022.