System cannot find the file specified

Backup started at '2013-07-22T14:22:16.382Z' failed with following error code '2147942402'.

+ System

  - Provider

   [ Name]  Microsoft-Windows-Backup
   [ Guid]  {1db28f2e-8f80-4027-8c5a-a11f7f10f62d}

   EventID 5

   Version 0

   Level 2

   Task 0

   Opcode 0

   Keywords 0x4000000000000000

  - TimeCreated

   [ SystemTime]  2013-07-22T14:53:11.896Z

   EventRecordID 4706

   Correlation

  - Execution

   [ ProcessID]  5832
   [ ThreadID]  5024

   Channel Microsoft-Windows-Backup

   Computer server1.local.mycustomer.com

  - Security

   [ UserID]  S-1-5-18


- EventData

  BackupTemplateID {AB8F9A5A-CC04-4ABC-A2F1-91BB59E7D723}
  HRESULT 2147942402
  BackupState 12
  BackupTarget server1 2009_10_29 22:00 DISK_01
  NumOfVolumes 2
  BackupTime 2013-07-22T14:22:16.382Z
  HRESULT 2147942402
  VolumesInfo <VolumeInfo><VolumeInfoItem Name="C:" OriginalAccessPath="C:" State="12" HResult="-2147024894" DetailedHResult="0" PreviousState="9" DataTransferred="34270543872" NumUnreadableBytes="0" TotalSize="44268126208" Flags="2" SSBTotalNoOfFiles="0" SSBTotalSizeOnDisk="0" SSBVhdSize="0"/><VolumeInfoItem Name="D:" OriginalAccessPath="D:" State="15" HResult="-2139619228" DetailedHResult="0" PreviousState="0" DataTransferred="0" NumUnreadableBytes="0" TotalSize="0" Flags="0" SSBTotalNoOfFiles="0" SSBTotalSizeOnDisk="0" SSBVhdSize="0"/></VolumeInfo>
  DetailedHRESULT 0
  SourceSnapStartTime 2013-07-22T14:22:16.338Z
  SourceSnapEndTime 2013-07-22T14:22:36.563Z
  PrepareBackupStartTime <TimesList><Time Time="2013-07-22T14:22:39.450Z" /><Time Time="1601-01-01T00:00:00.000Z" /></TimesList>
  PrepareBackupEndTime <TimesList><Time Time="2013-07-22T14:22:39.709Z" /><Time Time="1601-01-01T00:00:00.000Z" /></TimesList>
  BackupWriteStartTime <TimesList><Time Time="2013-07-22T14:22:39.711Z" /><Time Time="1601-01-01T00:00:00.000Z" /></TimesList>
  BackupWriteEndTime <TimesList><Time Time="2013-07-22T14:53:00.423Z" /><Time Time="1601-01-01T00:00:00.000Z" /></TimesList>
  TargetSnapStartTime 1601-01-01T00:00:00.000Z
  TargetSnapEndTime 1601-01-01T00:00:00.000Z
  DVDFormatStartTime <TimesList></TimesList>
  DVDFormatEndTime <TimesList></TimesList>
  MediaVerifyStartTime <TimesList></TimesList>
  MediaVerifyEndTime <TimesList></TimesList>
  BackupPreviousState 9
  ComponentStatus <ComponentStatus></ComponentStatus>
  SSBEnumerateStartTime 1601-01-01T00:00:00.000Z
  SSBEnumerateEndTime 1601-01-01T00:00:00.000Z
  SSBVhdCreationStartTime 1601-01-01T00:00:00.000Z
  SSBVhdCreationEndTime 1601-01-01T00:00:00.000Z
  SSBBackupStartTime 1601-01-01T00:00:00.000Z
  SSBBackupEndTime 1601-01-01T00:00:00.000Z
  SystemStateBackup false