SEC Filing Summary: Command Center, Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Command Center, Inc. on January 22, 2018, covering events occurring on January 16, 2018. The filing addresses a significant change in corporate governance involving the departure of a key board member.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes and does not contain financial performance data.
Material Changes
- Departure of Director: John D. Stewart resigned as a director, Chairman of the Board, and Chairman of the Audit Committee effective January 16, 2018.
- Reason for Departure: Mr. Stewart cited personal reasons for his resignation and explicitly stated there was no disagreement with the board or management regarding operations, policies, or practices.
- Historical Role: Mr. Stewart had served on the board since November 2013 and was instrumental in establishing the company's corporate governance standards.
Guidance, Outlook, and Risks
The filing contains standard forward-looking statement disclaimers, cautioning that actual results may differ materially from expectations due to known and unknown risks. No specific financial guidance or operational outlook was provided in this document. The company noted that the governance standards implemented by Mr. Stewart remain part of the company culture.
Key Facts for Investor Verification
- Verify the appointment of a new Chairman of the Board and Audit Committee Chair to replace John D. Stewart.
- Confirm the composition of the remaining Board of Directors following the resignation.
- Review subsequent filings for any impact on corporate governance or strategic direction.
- Note that the filing explicitly states no disagreement existed between the departing director and management.