Business Context and Reporting Period
This Form 8-K is a current report filed by Penumbra, Inc. on November 15, 2016. The filing addresses a specific corporate governance event regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a personnel change and does not contain financial statements or performance data.
Material Changes
The material change reported is the resignation of Kevin Sullivan from the Board of Directors and the Nominating and Corporate Governance Committee, effective immediately on November 15, 2016.
Management Commentary and Risks
- Reason for Departure: Mr. Sullivan resigned for personal health reasons.
- Disagreement Status: The Company explicitly states the decision was not the result of any disagreement with the Company or the Board.
- Outlook: No guidance or future outlook is provided in this filing.
Key Facts for Investor Verification
- Kevin Sullivan has resigned from the Board of Directors effective November 15, 2016.
- The resignation is attributed to personal health reasons, not corporate disputes.
- Investors should verify if a replacement director has been nominated or if the Board has adjusted its committee structure following this departure.