Business Context and Reporting Period
This Form 8-K Current Report was filed by International Money Express, Inc. (IMXI) on October 14, 2020. The report discloses a corporate governance event: the appointment of a new director to the Board of Directors.
Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document is limited to the disclosure of a personnel appointment.
Material Changes
The material change reported is the appointment of Laura I. Maydón to the Board of Directors, effective October 15, 2020, to fill a vacancy. She was appointed as a Class I director with a term extending until the 2022 Annual Meeting of Stockholders. Upon appointment, she joined the Nominating and Corporate Governance Committee and the Audit Committee.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on operations, or discussion of risks and contingencies. It confirms that Ms. Maydón will participate in the standard independent non-employee director compensation arrangements and has no conflicting interests in transactions requiring disclosure under Item 404(a) of Regulation S-K.
Key Facts for Investor Verification
- New Director Appointment: Laura I. Maydón was appointed to the Board effective October 15, 2020.
- Committee Assignments: Ms. Maydón serves on the Nominating and Corporate Governance Committee and the Audit Committee.
- Director Background: Former CEO of Endeavor Miami and former Senior Business Leader at Visa with extensive experience in Latin America and the Caribbean.
- Compensation: Subject to standard independent non-employee director compensation as detailed in the May 15, 2020, Schedule 14A proxy statement.
- Term Duration: Her term coincides with the remaining term of Class I directors until the 2022 Annual Meeting.