Business Context and Reporting Period
This Form 8-K Current Report was filed by Accuray Incorporated on April 12, 2010, regarding events occurring on April 8, 2010. The filing addresses a change in the composition of the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to corporate governance events and contains no financial data.
Material Changes
The material change reported is the resignation of Wayne Wu as Chairperson of the Board of Directors. Mr. Wu, who served as a Board member since 1998 and Chairperson since 2004, will continue to serve as a member of the Board. Following his resignation, the Board appointed Louis J. Lavigne, Jr., a Board member since September 2009, as the new Chairperson. Mr. Lavigne's term is set to expire in 2011.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on operations, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Wayne Wu resigned as Chairperson of the Board on April 8, 2010, but remains a Board member.
- Louis J. Lavigne, Jr. was appointed as the new Chairperson of the Board effective immediately following Mr. Wu's resignation.
- Mr. Lavigne's term as Chairperson expires in 2011.
- No financial performance data or operational guidance is included in this specific filing.