Business Context and Reporting Period
This Form 8-K Current Report was filed by Bruker Corporation on June 2, 2011. The filing reports a material change in executive leadership regarding the Chief Financial Officer position.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on personnel changes and associated compensation details.
Material Changes
- Resignation: Brian P. Monahan resigned as Chief Financial Officer (CFO) for personal reasons effective June 2, 2011.
- Role Transition: Mr. Monahan will remain with the company as Vice President of Strategic & Financial Planning.
- Appointment: William J. Knight, currently Chief Operating Officer, was appointed Interim CFO effective immediately.
- Compensation: Mr. Knight's base salary is $362,100 with a 2011 bonus target of $150,000. No amendments were made to his compensation package due to the interim appointment.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future business performance. The primary contingency noted is the ongoing search for a permanent replacement for the CFO position, during which Mr. Knight will serve as the principal financial and accounting officer.
Investor Verification Checklist
- Verify the timeline for the search for a permanent CFO replacement.
- Review Mr. Knight's prior tenure as CFO (2004–2010) to assess familiarity with current financial systems.
- Confirm that no undisclosed financial irregularities prompted Mr. Monahan's resignation for "personal reasons."
- Check subsequent filings for the appointment of a permanent CFO.