SEC Filing Summary: Form 8-K
Business Context and Reporting Period
Company: Integrated Management Information, Inc. (Note: The filing metadata lists "Where Food Comes From, Inc.", but the document text identifies the registrant as Integrated Management Information, Inc.)
Date of Report: September 17, 2012
Reporting Period: Current report filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Event: Election of a new Director.
Financial Metrics
This filing is a Current Report (Form 8-K) regarding a corporate governance event. It does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metrics.
Material Changes
Board Composition: The Board of Directors increased from six to seven members following the appointment of Tom Heinen.
Committee Assignments: Mr. Heinen was not appointed to any specific board committees at the time of this filing.
Management Commentary and Outlook
New Director Profile: Tom Heinen is the co-president of Heinen's Fine Food Stores, a specialty food retailer in Northeast Ohio with 17 locations. He has managed labor relations, central manufacturing, and strategic direction for meat, foodservice, and bakery areas since 1994. He previously worked in prepared foods and pioneered the company's in-store bakery and service deli programs.
Compensation: Mr. Heinen will receive compensation consistent with the Company's program for non-employee directors, as detailed in the Form 10-K for the year ended December 31, 2011.
Term: Mr. Heinen will serve until the Company's 2013 annual meeting of shareholders.
Key Facts for Investor Verification
- Verify the correct registrant name: The document text identifies "Integrated Management Information, Inc.", which differs from the metadata label "Where Food Comes From, Inc."
- Confirm the total Board size is now seven directors.
- Review the Company's Form 10-K (filed March 26, 2012) for specific details on the director compensation program applicable to Mr. Heinen.
- Note that Mr. Heinen brings specific expertise in food retail operations, labor relations, and manufacturing, which may align with the company's strategic direction.