Knowles Corp 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Knowles Corporation on October 18, 2019, reporting events occurring on October 16, 2019. The company is incorporated in Delaware and its common stock trades on the New York Stock Exchange under the symbol KN.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance changes rather than financial performance.
Material Changes
- Board Resignation: Steven F. Mayer resigned from the Board of Directors effective October 16, 2019.
- Committee Role: At the time of resignation, Mr. Mayer served as a member of the Audit Committee.
- Reason for Departure: The resignation was not due to any disagreement with the Company regarding operations, policies, or practices.
- Board Composition: Following the resignation, the Board size was reduced from ten (10) members to nine (9) members.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. No unusual items were reported.
Key Facts for Investor Verification
- Confirm the current composition of the Board of Directors and the Audit Committee following the reduction to nine members.
- Verify if the Board intends to appoint a replacement director to restore the previous board size.
- Review subsequent filings for any impact of this governance change on the company's strategic direction or audit oversight.