Business Context and Reporting Period
This Form 8-K Current Report was filed by Second Sight Medical Products, Inc. on March 16, 2018, covering events that occurred on March 12, 2018. The filing addresses corporate governance changes within the registrant.
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 personnel appointments and does not contain financial performance data.
Material Changes
The primary material change reported is the appointment of Gregg Williams as Chairman of the Board of Directors, effective March 12, 2018. Mr. Williams succeeds Dr. Robert Greenberg, who served as Chairman since August 2015. Mr. Williams is a current Board member, the Company's largest shareholder, and has served on the Board since June 2009.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on operations, or discussion of risks and contingencies. The document serves solely to disclose the leadership transition and references a press release issued on March 16, 2018.
Key Facts for Investor Verification
- Gregg Williams was appointed Chairman of the Board on March 12, 2018.
- Dr. Robert Greenberg stepped down as Chairman after serving since August 2015.
- Gregg Williams is the Company's largest shareholder and Chairman/CEO of Williams International Corporation.
- The filing includes a press release (Exhibit 99.1) detailing the appointment.