Business Context and Reporting Period
Company: Cooper-Standard Holdings Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: March 17, 2011
Event Date: March 11, 2011
Context: The filing reports changes to the Board of Directors pursuant to a Director Nominating Agreement with Oak Hill Advisors L.P., effective in connection with the Company's annual meeting of stockholders scheduled for May 10, 2011.
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.
Material Changes
Under Item 5.02, the following changes to the Board of Directors were announced:
- Jeffrey Kirt: Nominated by Oak Hill Advisors for election to the Board of Directors.
- Glenn R. August: Will transition from Board Member to Oak Hill's observer to the Board effective as of the annual meeting.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document strictly details the procedural swap of board roles between two individuals associated with Oak Hill Advisors.
Key Facts for Investor Verification
- Verify the outcome of the Board election at the annual meeting on May 10, 2011.
- Confirm the effective date of Jeffrey Kirt's election and Glenn R. August's transition to observer status.
- Review the original Director Nominating Agreement dated May 27, 2010, to understand the terms of Oak Hill's nomination rights.