Business Context and Reporting Period
This Form 8-K filing by Landmark Bancorp, Inc. (Delaware) reports a corporate governance event dated March 26, 2013. The Company is headquartered in Manhattan, Kansas.
Key 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 board composition changes.
Material Changes
- Board Expansion: The Board of Directors increased the number of directors from nine to ten.
- New Appointment: Wayne R. Sloan was appointed as a Class II director to fill the new vacancy.
- Committee Assignments: Mr. Sloan was appointed to the Audit Committee and the Nominating and Corporate Governance Committee.
- Background: Mr. Sloan is the President of BHS Construction, Inc., a position held since 1982.
Guidance, Outlook, and Compensation
The filing contains no financial guidance, outlook, or discussion of risks and contingencies. Regarding compensation, Mr. Sloan will receive a base retainer of $1,750 per month, consistent with other non-employee directors. The Company confirmed no material interest in transactions with the Company and no undisclosed arrangements regarding his selection.
Investor Verification Checklist
- Verify the effective date of the Board size increase and Mr. Sloan's tenure.
- Confirm Mr. Sloan's independence status relative to the Company's construction sector exposure.
- Review the Company's proxy statement for the full composition of the Audit and Nominating Committees post-appointment.