Business Context and Reporting Period
This Form 8-K is a current report filed by Square, Inc. (now Block, Inc.) on October 5, 2016, regarding events occurring on September 30, 2016. The filing addresses a change in senior management personnel.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly administrative and contains no financial performance data.
Material Changes
The material change reported is the resignation of Dana R. Wagner from his positions as General Counsel and Corporate Secretary, effective September 30, 2016. This departure was previously disclosed in an August 11, 2016, Form 8-K.
Outlook and Management Commentary
Mr. Wagner will remain an employee of the Company through November 2016 to provide transitional services. During this transition period, he will continue to receive his current salary. No other risks, contingencies, or unusual items are disclosed in this filing.
Investor Verification Checklist
- Confirm the appointment of a permanent successor to the General Counsel and Corporate Secretary roles.
- Verify the completion of the transitional services period scheduled for November 2016.
- Review the August 11, 2016, Form 8-K for the initial context regarding Mr. Wagner's resignation.