SEC Filing Summary: Command Center, Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Command Center, Inc. (not Hirequest, Inc.) on April 12, 2016, covering events occurring on April 6, 2016. The registrant is incorporated in Washington and maintains its principal executive offices in Lakewood, Colorado.
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 corporate governance changes and does not contain financial performance data.
Material Changes
- Board Expansion: The Board of Directors expanded from five to six members effective April 6, 2016.
- Director Appointment: R. Rimmy Malhotra, age 40, was appointed as a new director.
- Qualifications: Mr. Malhotra brings expertise in finance and accounting, currently serving as Managing Member and Portfolio Manager for Nicoya Fund LP. He holds an MBA in Finance from The Wharton School.
- Compensation and Committees: Mr. Malhotra's compensation will be determined by the Compensation Committee. He has not been appointed to any Board committees.
- Trading Plan: Prior to joining the Board, Mr. Malhotra executed a Rule 10b5-1 trading plan for the purchase of Company common shares.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, outlook, or management commentary regarding future performance. No specific risks or contingencies were disclosed in this report, other than the standard disclosure that the attached press release (Exhibit 99.1) is not deemed "filed" under the Exchange Act.
Investor Verification Checklist
- Verify the exact date of the press release referenced as Exhibit 99.1 (April 12, 2016) for additional context not included in the 8-K text.
- Confirm the total number of directors on the Board following the expansion to six.
- Review future filings for the Compensation Committee's determination of Mr. Malhotra's director compensation.
- Check subsequent filings for any committee assignments given to the new director.