Business Context and Reporting Period
This Form 8-K Current Report was filed by Commercial Metals Company on January 13, 2006, regarding events occurring on January 11, 2006. The filing addresses Item 5.02 concerning the appointment of a principal officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly administrative and contains no financial performance data.
Material Changes
The material change reported is the appointment of Leon K. Rusch as Controller of the Company, effective January 11, 2006. Mr. Rusch replaces Melinda G. Passmore, who was appointed to the position of Vice President and Chief Information Officer.
Management Commentary and Risks
Management notes that Mr. Rusch, age 54, has served as Director of Internal Audit since December 2003 and previously held roles at CNH Global and Case Corporation. Ms. Passmore, age 46, served as Controller since 1999. The Company has no employment agreement with Mr. Rusch; his employment is "at will." No specific risks, contingencies, or unusual items are disclosed in this filing.
Investor Verification Checklist
- Confirm the effective date of the Controller appointment (January 11, 2006).
- Verify the new role of Melinda G. Passmore as Vice President and Chief Information Officer.
- Note the absence of a formal employment agreement for the new Controller.