Business Context and Reporting Period
This Form 8-K Current Report was filed by ShotSpotter, Inc. (trading symbol: SSTI) on October 21, 2020. The report discloses a material change in executive leadership regarding the appointment of an Interim Chief Financial Officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Appointment: Mary Hentges was appointed as Interim Chief Financial Officer, effective October 21, 2020.
- Departure: Ralph Clark stepped down as Interim Chief Financial Officer but remains President and Chief Executive Officer.
- Compensation Impact: There is no change in Mr. Clark's compensation. Ms. Hentges will receive a salary of $10,000 per week on a part-time, at-will basis.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, or management commentary regarding future financial performance. No specific risks or contingencies are disclosed in this document other than the standard at-will employment terms for the new appointee.
Investor Verification Checklist
- Verify the effective date of Mary Hentges' appointment (October 21, 2020).
- Confirm the weekly compensation rate of $10,000 for the Interim CFO role.
- Note that Ms. Hentges is ineligible for equity, annual bonuses, or standard employee benefits.
- Confirm that Ralph Clark retains his role as President and CEO.