2011 Shareholder Meeting Update #4 – John Pepper, Jr., Business Portion

Chairman of the Board John Pepper, Jr. begins the business portion of the meeting with the shareholder proposals on the ballot.

Board of Directors recommends FOR:

Proposal #1 - Election of the Board of Directors

Proposal #2: Accountant Appointment

Proposal #3: 2011 Stock Incentive Plan

Proposal #4: Advisory vote on executive compensation

Proposal #5: Advisory vote on frequency of votes on executive compensation

Shareholder Proposal: Unite HERE proposal to limit executive compensation

Proposal results:

#1: 85% FOR
#2: FOR (missed the percentage)
#3: 73% FOR
#4: 76% FOR
#5: 81% FOR Annual Vote

Sharehodler Proposal: Majority voted AGAINST. (29% did vote FOR)