Optex Systems Holdings Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Optex Systems Holdings Inc. on November 9, 2015, reporting events that occurred on November 3, 2015. The company is incorporated in Delaware and maintains its principal executive offices in Richardson, Texas.
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 rather than financial performance.
Material Changes
Effective November 3, 2015, Stanley Hirschman retired as a Director of Optex Systems Holdings, Inc. As a result of his retirement:
- All of his unvested stock options were deemed to vest immediately.
- The termination date of all of his stock options was extended to December 31, 2019.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items beyond the director departure.
Key Facts for Investor Verification
- Confirmation of Stanley Hirschman's retirement date and the immediate vesting of his unvested options.
- Verification of the new expiration date (December 31, 2019) for the retired director's stock options.
- Assessment of whether this departure impacts the composition or quorum of the Board of Directors.