Business Context and Reporting Period
This Form 8-K filing by Chemed Corporation reports a corporate governance event dated March 31, 2017. The report details the retirement of the company's principal accounting officer and the subsequent appointment of a successor.
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 changes and contains no financial performance data.
Material Changes
The material change reported is the departure of Arthur V. Tucker, Jr., who served as Vice President, Controller, and principal accounting officer. Mr. Tucker retired effective March 31, 2017, after 40 years of service.
Management Commentary and Personnel Appointments
The Board of Directors elected Michael D. Witzeman as the new Controller and principal accounting officer, effective April 1, 2017. Key details regarding the appointment include:
- Background: Mr. Witzeman has been an employee since 2005, previously serving as Assistant Controller and Vice President (elected in 2011).
- Education: Holds a bachelor's degree in accounting from the University of Cincinnati and an M.B.A. from The Ohio State University.
- Certification: He is a licensed C.P.A.
Key Facts for Investor Verification
- Confirmation of the effective date for the Controller transition (March 31, 2017 for retirement; April 1, 2017 for appointment).
- Verification of Michael D. Witzeman's qualifications and tenure within the organization.
- Review of subsequent filings to ensure no disruption in financial reporting processes following the leadership change.