SEC Filing Summary: Crown Holdings, Inc. (8-K)
Business Context and Reporting Period
This Form 8-K was filed by Crown Holdings, Inc. on January 14, 2011, reporting an event that occurred on January 11, 2011. The filing addresses corporate governance matters regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a personnel announcement and contains no financial data.
Material Changes
The material change reported is the departure of a director. Alan W. Rutherford, a member of the Board of Directors, notified the Company that he will not stand for re-election at the 2011 Annual Meeting of Shareholders. His term will expire at the completion of his current term.
Management Commentary and Risks
- Reason for Departure: Mr. Rutherford's decision was not a result of any disagreement with the Company.
- Background: Mr. Rutherford retired from the Company at the end of March 2009. Prior to retirement, he served as Chief Financial Officer and Vice Chairman of the Board.
- Management Statement: The Company expressed gratitude for Mr. Rutherford's many years of dedicated service.
Key Facts for Investor Verification
- Alan W. Rutherford will not seek re-election to the Board of Directors in 2011.
- The departure is voluntary and unrelated to any disagreement with the Company.
- Mr. Rutherford is a former CFO and Vice Chairman who retired from executive roles in 2009 but remained on the Board.