Business Context and Reporting Period
This Form 8-K Current Report was filed by Emerson Radio Corp. on October 19, 2004. The report addresses a significant change in the company's executive leadership effective on the date of the report.
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 performance data.
Material Changes
- Departure of Principal Officer: Kenneth A. Corby resigned as Chief Financial Officer effective October 19, 2004, to pursue other business interests.
- Appointment of Principal Officer: Guy A. Paglinco was named Vice President and Chief Financial Officer effective October 19, 2004.
- Transition Arrangement: Mr. Corby will remain as a consultant to the Company for one year following his resignation.
Management Commentary and Risks
The filing includes a brief biography of the new CFO, Guy A. Paglinco, noting his tenure with the company since 1998 and his prior experience as Controller and CFO at various private and public companies. No specific risks, contingencies, or unusual items were disclosed in this report.
Investor Verification Checklist
- Verify the effective date of the CFO transition (October 19, 2004).
- Confirm the terms of the consulting agreement with the former CFO, Kenneth A. Corby.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the leadership change.