At the board meeting on June 27, David H. Dingus, president and CEO of the company informed the board of his desire and intent to retire, due to health issues, from his current positions, effective March 1, 2014. The board accepted the decision of Dingus. The board has appointed a succession committee and will immediately commence a nationwide search to succeed Dingus. The search will encompass both internal and external candidates. Dingus advised the board of his desire to remain an active member of the board should he be duly re-elected at the company's upcoming Annual Shareholders meeting. Dingus joined the company in September 1998 and has been CEO since 2001.