Business Context and Reporting Period
This Form 8-K Current Report was filed by Where Food Comes From, Inc. on November 24, 2020, regarding events occurring on November 18, 2020. The Company is incorporated in Colorado and maintains its principal executive offices in Castle Rock, Colorado.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The report focuses exclusively on a corporate action regarding the Company's capital structure.
Material Changes
The Board of Directors approved a one-for-four (1:4) reverse stock split of the Company's common stock. Key details include:
- Effective Date: After market close on November 30, 2020.
- Share Reduction: Outstanding shares will decrease from approximately 24.6 million to approximately 6.2 million.
- Authorized Shares: The number of authorized shares remains unadjusted.
- Fractional Shares: No fractional shares will be issued.
Guidance, Outlook, and Risks
The filing does not provide management commentary on future guidance, outlook, risks, contingencies, or unusual items beyond the execution of the reverse stock split.
Investor Verification Checklist
- Confirm the effective date of the reverse stock split (November 30, 2020).
- Verify the adjusted share count (approximately 6.2 million shares) post-split.
- Check for any subsequent filings regarding the trading symbol or price adjustments following the split.
- Review the Company's most recent 10-K or 10-Q for actual financial performance data, as this 8-K contains none.