Cadre Holdings, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Cadre Holdings, Inc. (CDRE) on April 14, 2022, covering events occurring on April 12, 2022. The Company is an emerging growth company incorporated in Delaware and trades on the New York Stock Exchange.
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 corporate governance changes and does not contain financial performance data.
Material Changes
The primary material change reported is the appointment of a new director to the Board of Directors.
- Appointment: Ms. Deborah A. DeCotis was appointed to the Board of Directors effective April 12, 2022.
- Term: Her appointment lasts until the next Annual Meeting of Stockholders and until her successor is duly elected and qualified.
- Committee Assignment: Ms. DeCotis was appointed as a member of the Compensation Committee.
- Compensation: She will receive compensation as a non-employee director in accordance with the Company's existing director compensation program.
Management Commentary and Background
Management highlighted Ms. DeCotis's extensive background in investment banking and board oversight to justify the appointment. Key biographical details include:
- Experience: Retired Managing Director at Morgan Stanley & Co., Inc. (1974–2016).
- Board Experience: Former Chairperson of PIMCO Closed-End Funds; former director of Watford Holdings Ltd., Allianz Global Investors Capital LLC, and Armor Holdings, Inc.
- Education: B.A. in Mathematics from Smith College and an M.B.A. from Stanford Graduate School of Business (Miller Scholar).
The filing contains no specific guidance, outlook, risks, contingencies, or unusual items beyond the standard disclosure of the director appointment.
Investor Verification Checklist
- Verify the effective date of Ms. DeCotis's board appointment (April 12, 2022).
- Confirm her specific role on the Compensation Committee.
- Review the Company's existing director compensation program to understand the financial implications of this appointment.
- Check for any subsequent filings regarding the next Annual Meeting of Stockholders to confirm the duration of her term.