SEC Filing Summary: Mill City Ventures III, Ltd.
Business Context and Reporting Period
This Form 8-K was filed by Mill City Ventures III, Ltd. on November 20, 2015, reporting events occurring on November 18, 2015. The registrant is a Minnesota-based entity operating under the Investment Company Act of 1940.
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.
Material Changes
Christopher Larson resigned from his position as a director on the Board of Directors, effective November 18, 2015.
Outlook, Risks, and Contingencies
Under Section 56(b) of the Investment Company Act of 1940, the company is required to appoint or elect an independent director to fill the vacancy created by Mr. Larson's resignation on or prior to February 16, 2016. No other risks, guidance, or unusual items were disclosed in this filing.
Key Facts for Investor Verification
- Christopher Larson's resignation from the Board of Directors is effective November 18, 2015.
- The company must fill the director vacancy by February 16, 2016, per regulatory requirements.
- Douglas M. Polinsky, Chief Executive Officer, signed the report on November 20, 2015.