Business Context and Reporting Period
This Form 8-K Current Report was filed by Broadridge Financial Solutions, Inc. on August 3, 2017. The filing addresses significant changes in the Company's executive leadership structure effective September 1, 2017.
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 and personnel changes rather than financial performance.
Material Changes
- Resignation: Richard J. Daly resigned as President of the Company, effective September 1, 2017. He will retain his positions as Chief Executive Officer and Director.
- Appointment: Timothy C. Gokey was appointed as President of the Company, effective September 1, 2017. He will continue to serve as Chief Operating Officer.
Management Commentary and Background
Mr. Gokey, 56, has served as the Company's Chief Operating Officer since 2012 and previously held the role of Senior Vice President, Chief Corporate Development Officer from 2010 to 2012. Prior to joining Broadridge, he served as President of the Retail Tax business at H&R Block for six years and spent 13 years at McKinsey and Company.
Key Facts for Investor Verification
- Confirm the effective date of the leadership transition (September 1, 2017).
- Verify that Richard J. Daly remains CEO and Director following his resignation as President.
- Review the attached Press Release (Exhibit 99.1) for additional context on the strategic rationale for this change.