Business Context and Reporting Period
This Form 8-K Current Report was filed by Dolphin Digital Media, Inc. (formerly Dolphin Entertainment, Inc.) on March 20, 2009. The report addresses a significant corporate governance event involving the executive leadership of the company.
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 statements or performance data.
Material Changes
The primary material change reported is the termination of Giuseppe Pino Bal dassarre as President of the company on March 20, 2009. The Board of Directors terminated his contract for cause. Consequently, William O'Dowd IV, the Company's Chairman and Chief Executive Officer, has assumed the role of Acting President pending the appointment of a permanent replacement.
Guidance, Outlook, and Risks
The filing contains no financial guidance, future outlook, or discussion of market risks. The only contingency noted is the interim leadership arrangement until a new President is found. The termination "for cause" suggests potential internal governance or performance issues, though specific details regarding the cause are not disclosed in this text.
Key Facts for Investor Verification
- Giuseppe Pino Bal dassarre was terminated as President for cause on March 20, 2009.
- William O'Dowd IV is serving as Acting President.
- The company's legal name is Dolphin Digital Media, Inc., incorporated in Nevada.
- No financial performance data is included in this specific filing.