Business Context and Reporting Period
This Form 6-K filing by SFL Corporation Ltd. covers the month of October 2019. The report discloses a material change in the Company's board of directors effective October 28, 2019.
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
- Director Resignation: Mr. Harald Thorstein resigned as a director of SFL Corporation Ltd. effective October 28, 2019.
- Director Appointment: The board appointed Mr. Ole B. Hjertaker, the Company's principal executive officer, to fill the vacancy created by Mr. Thorstein's resignation.
Management Commentary and Biographical Information
Mr. Ole B. Hjertaker has served as Chief Executive Officer of SFL Management AS since July 2009, having previously served as Chief Financial Officer from September 2006 and as Interim Chief Financial Officer between July 2009 and January 2011. Prior to joining Ship Finance, he worked in the Corporate Finance division of DNB NOR Markets. He holds a Master of Science degree from the Norwegian School of Economics and Business Administration and also serves as a director of NorAm Drilling Company AS.
Key Facts for Investor Verification
- Confirm the effective date of the board composition change (October 28, 2019).
- Verify the new director's background and potential conflicts of interest, specifically his role as CEO of SFL Management AS and director of NorAm Drilling.
- Note that this filing does not contain updated financial results; investors should refer to the most recent Form 20-F or quarterly reports for financial data.