GREEN DOT CORP current report, 10 January 2012

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Business Context and Reporting Period

This Form 8-K Current Report was filed by Green Dot Corporation on January 10, 2012. The filing addresses a material change in executive leadership under Item 5.02, specifically the resignation of an officer and subsequent reorganization of reporting lines.

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 and personnel changes rather than financial performance.

Material Changes

  • Resignation: Mark T. Troughton, President of Cards and Network, resigned effective immediately on January 10, 2012, to pursue new opportunities. He is expected to remain with the company through the end of January 2012 to assist with the transition.
  • Organizational Restructuring: Mr. Troughton's former role has been divided into two distinct positions.
  • Appointments:
    • Kostas Sgoutas promoted to Chief Product Officer and Executive Vice President for Non-Retail Customer Acquisition. He reports directly to CEO Steve Streit and oversees non-retail channels (online, Government), the Green Dot Network, and product development.
    • Eric Duehring promoted to Chief Marketing Officer and Executive Vice President of Retail Customer Acquisition. He reports directly to CEO Steve Streit and oversees retail distribution (including Walmart) and marketing functions.

Guidance, Outlook, and Risks

The filing contains no financial guidance, forward-looking outlook, or discussion of risks and contingencies. The document is limited to the factual reporting of the executive departure and the immediate succession plan.

Investor Verification Checklist

  • Confirm the effective date of Mark T. Troughton's departure and the duration of his transition support.
  • Verify the specific scope of responsibilities assigned to Kostas Sgoutas and Eric Duehring to ensure no gaps in product or marketing leadership.
  • Review subsequent filings for any impact on strategic initiatives previously led by the President of Cards and Network.