SEC Filing Summary: Segmentz, Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Segmentz, Inc. on November 1, 2004. The filing reports a corporate governance event regarding the departure of a board member. Note: The request metadata referenced "XPO, Inc.", but the source text explicitly identifies the registrant as Segmentz, Inc.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a personnel change and contains no financial data.
Material Changes
The material change reported is the departure of David Hare from the Board of Directors. Mr. Hare announced his decision not to serve for an additional year, citing an inability to commit the significant time required for board membership. Consequently, Jay Taylor will replace Mr. Hare as the chairman of the audit committee.
Guidance, Outlook, and Risks
The filing contains no management commentary on financial guidance, future outlook, risks, contingencies, or unusual items. The document is strictly a notification of the director's departure and the resulting committee leadership change.
Key Facts for Investor Verification
- David Hare is stepping down from the Board of Directors effective November 1, 2004.
- Jay Taylor has been appointed as the new chairman of the audit committee.
- The reason for departure is a lack of available time to fulfill board obligations.
- No financial performance data is included in this specific filing.