Owens Corning Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Owens Corning on February 20, 2012. The report addresses Item 5.02 regarding the departure of certain officers and the appointment of a new principal accounting officer.
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 changes and contains no financial performance data.
Material Changes
The material change reported is the upcoming retirement of Mark W. Mayer, Vice President and Chief Accounting Officer, effective March 31, 2012. Mr. Mayer will resign as the Company's principal accounting officer effective February 29, 2012.
Management Commentary and Personnel Appointments
Kelly J. Schmidt, Vice President and Controller, has been appointed as the Company's principal accounting officer effective February 29, 2012. Ms. Schmidt has served as Vice President and Controller since April 2011 and joined Owens Corning as Vice President, Internal Audit in May 2010. Prior to joining Owens Corning, she spent 13 years with United Technologies Corporation (UTC), most recently leading UTC's Shared Business Services organization.
Investor Verification Points
- Confirm the effective date of Mark W. Mayer's resignation as principal accounting officer (February 29, 2012).
- Verify the appointment of Kelly J. Schmidt as the new principal accounting officer.
- Review Ms. Schmidt's tenure and prior experience at United Technologies Corporation.