Business Context and Reporting Period
This Form 8-K is a current report filed by The Rubicon Project, Inc. (trading symbol: RUBI) on May 27, 2020, regarding events that occurred on May 20, 2020. The filing addresses changes in the company's executive leadership structure.
Key Financial Metrics
This filing does not contain financial performance data. There are no disclosures regarding revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The primary material change reported is the departure of a senior financial officer and the appointment of an interim replacement:
- Resignation: Blima Tuller tendered her resignation as Chief Accounting Officer, effective June 1, 2020.
- Transition Period: Ms. Tuller will remain employed until August 15, 2020, to support the transition of accounting and financial reporting responsibilities.
- Appointment: Shawna Hughes was appointed as interim Chief Accounting Officer, effective June 1, 2020.
Management Commentary and Background
Shawna Hughes, age 42, has been with the company since December 2015. Her background includes serving as Head of Global Human Resources and Integration Lead following the company's merger with Telaria, Inc. Prior to joining The Rubicon Project, she held senior accounting and financial systems roles at Concur Technologies, Inc. and Microsoft. Ms. Hughes holds a Master of Accounting from the University of Notre Dame and is a Certified Public Accountant. The filing states she has no family relationship with directors or officers and no material interest in transactions requiring disclosure.
Investor Verification Checklist
- Verify the effective date of the Chief Accounting Officer transition (June 1, 2020).
- Confirm the duration of the transition support period for the outgoing officer (through August 15, 2020).
- Review the professional background of the interim appointee, Shawna Hughes, specifically her accounting qualifications and tenure with the company.
- Note that this filing contains no financial results; refer to the most recent 10-Q or 10-K for financial metrics.