SEC Filing Summary: Integrated Management Information, Inc.
Business Context and Reporting Period
This Form 8-K Current Report was filed by Integrated Management Information, Inc. on September 25, 2008. The registrant is incorporated in Colorado and operates from Castle Rock, Colorado. The filing reports a material corporate governance event regarding the appointment of a principal officer.
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 statements or performance data.
Material Changes
The primary material change reported is the promotion of Leann Saunders to the position of President, effective September 2008. John Saunders, the previous President, remains in his roles as Chief Executive Officer and Chairman of the Board. Mrs. Saunders will continue to oversee key customer relationships and the operational management of product development and delivery for USVerified solutions.
Management Commentary and Employment Terms
The Board of Directors cited Mrs. Saunders' significant contribution to the Company's steady growth and her increased role in developing product and growth strategy as the rationale for the promotion. Her background includes experience with PM Beef Holdings, McDonald's Corporation, and Hudson Foods Corporation. Mrs. Saunders is under an existing employment contract with an annual salary of $90,000, subject to annual performance review adjustments. The agreement automatically renews annually unless a 60-day notice of non-renewal is provided by either party.
Investor Verification Checklist
- Verify the exact effective date of Leann Saunders' promotion to President.
- Confirm the current compensation structure and any potential performance-based incentives beyond the base salary.
- Review the Company's most recent 10-K or 10-Q filings for financial performance data, as this 8-K contains none.
- Assess the strategic impact of the leadership change on the USVerified product line.