Business Context and Reporting Period
This Form 8-K filing by Income Opportunity Realty Investors, Inc. covers the reporting period of November 15, 2006. The report discloses a corporate governance event regarding 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 document is a current report focused on personnel changes rather than financial performance.
Material Changes
The material change reported is the appointment of Alfred Crozier as Executive Vice President – Residential Construction, effective November 15, 2006. Mr. Crozier was simultaneously appointed to the same position at affiliated entities American Realty Investors, Inc. (ARL) and Transcontinental Realty Investors, Inc. (TCI).
Management Commentary and Background
- Professional Background: Prior to this appointment, Mr. Crozier served as Managing Director of Development for Woodmont Investment Company GP, LLC (Nov 2005–Nov 2006).
- Previous Roles: He was President of Sterling Builders, Inc. (Oct 2003–Nov 2005) and Vice President of Westchase Construction, LTD (Aug 2001–Sep 2003).
- Industry Experience: Mr. Crozier has over 15 years of experience in the construction industry, including roles at Trammel Crow Residential and The Finger Companies. He is also a licensed architect.
Investor Verification Checklist
- Verify the effective date of Mr. Crozier's appointment (November 15, 2006).
- Confirm the simultaneous appointment of Mr. Crozier to the same role at ARL and TCI.
- Review Mr. Crozier's prior employment history at Woodmont Investment Company GP, LLC and Sterling Builders, Inc.
- Note that this filing contains no financial data; refer to the company's 10-K or 10-Q for financial metrics.