Business Context and Reporting Period
This Form 8-K Current Report was filed by Global Payments Inc. on August 15, 2008. The filing addresses a change in principal officers effective as of the report date.
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 regarding personnel changes.
Material Changes
The primary material change reported is the departure of a principal officer and the subsequent appointment of a replacement:
- Resignation: Martin A. Picciano resigned as Senior Vice President and Chief Accounting Officer effective August 15, 2008.
- Appointment: Daniel C. O'Keefe (42) was appointed as Senior Vice President and Chief Accounting Officer, serving as the Company's Principal Accounting Officer, effective August 18, 2008.
Management Commentary and Background
Mr. O'Keefe joined Global Payments Inc. on April 14, 2008, in a senior accounting role. His background includes senior financial and accounting positions at Beazer Homes USA, Inc., RBS Lynk, and First Data. He was most recently the Chief Accounting Officer for Ocwen Financial Corporation. He is a Georgia Certified Public Accountant and holds a Masters degree of Public Accountancy from Georgia State University.
Investor Verification Checklist
- Verify the effective dates of the resignation and appointment (August 15 and August 18, 2008).
- Confirm Mr. O'Keefe's prior experience at Ocwen Financial Corporation and other listed firms.
- Check for any subsequent filings regarding the transition of accounting responsibilities.