SEC Filing Summary: Fortress International Group, Inc.
Business Context and Reporting Period
This Form 8-K was filed by Fortress International Group, Inc. on August 6, 2009. The report discloses a material corporate governance event regarding the departure of a senior officer and director. Note: The request metadata references "TSS, Inc.", but the filing text explicitly identifies the registrant as Fortress International Group, Inc.
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 Officer/Director: Effective August 6, 2009, Mr. C. Thomas McMillen resigned as Vice-Chairman and member of the Board of Directors.
- Committee Role: Mr. McMillen ceased serving as a member of the Finance Committee.
- Reason for Departure: The resignation was not due to any disagreement with the Company regarding operations, policies, or practices.
- Continuing Relationship: An existing consulting agreement between the Company and Washington Capital Advisors, LLC (of which Mr. McMillen is the principal equity owner) remains in full force and effect.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future performance. No specific risks or contingencies related to the resignation were disclosed beyond the confirmation that no disagreement existed.
Investor Verification Checklist
- Verify the impact of Mr. McMillen's departure on the Board's composition and the Finance Committee's operations.
- Review the terms of the continuing consulting agreement with Washington Capital Advisors, LLC to assess any ongoing financial obligations or conflicts of interest.
- Confirm if this resignation triggers any other corporate governance requirements or disclosures.