Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plan

Employee Benefit Plan
12 Months Ended
Dec. 31, 2012
Employee Benefit Plan


The Company has a 401(k) profit sharing plan covering all employees who are 21 years of age and have completed six months of service. Employees may contribute up to 15.0% of annual compensation. Company contributions to the plan are discretionary and vest over a six year period.

The Company did not make a contribution to the plan for the years ended December 31, 2012 and 2011, respectively. The Company’s cash contributions to the plan amounted to $1.3 million during the year ended December 31, 2010.