Business Context and Reporting Period
This Form 8-K filing by Orion Energy Systems, Inc. reports corporate governance changes effective October 31, 2011. The report was filed on November 4, 2011, pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
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 does not contain financial performance data.
Material Changes
- Resignation: Richard Gaumer resigned as Chief Accounting Officer and Executive Vice President of Operations to pursue other professional opportunities.
- Appointment: Scott R. Jensen, the Company's Chief Financial Officer, assumed the additional role of Chief Accounting Officer effective October 31, 2011.
- Continued Role: Mr. Jensen will continue to serve as the Company's Treasurer.
Management Commentary and Background
Mr. Jensen, age 44, is a certified public accountant with extensive prior experience at the Company. His tenure includes serving as Chief Accounting Officer since April 2011, Treasurer since July 2008, and previously as Chief Financial Officer from July 2008 to April 2011. Prior to his current roles, he served as Controller and Vice President of Corporate Finance (2007–2008) and Director of Finance (2004–2007). Before joining Orion, he was the manager of financial planning and analysis at the Mirro Co. (a division of Newell Rubbermaid) from 2002 to 2004.
Investor Verification Checklist
- Confirm the effective date of Richard Gaumer's departure and Scott R. Jensen's new responsibilities.
- Verify that no interim Chief Accounting Officer was appointed between Gaumer's resignation and Jensen's assumption of the role.
- Review subsequent filings for any impact on internal controls or financial reporting timelines due to the leadership transition.