Knowles Corp Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Knowles Corporation on June 22, 2018. The report addresses a specific corporate governance event regarding the appointment of a new Controller and the resignation of the incumbent.
Key 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 personnel changes and does not contain financial performance data.
Material Changes
The primary material change reported is the leadership transition within the finance department:
- Resignation: Bryan Mittelman is resigning as Controller, effective July 6, 2018, to pursue other opportunities.
- Appointment: Air A. Bastarrica, Jr. will succeed Mr. Mittelman as Controller, effective July 6, 2018.
Management Commentary and Risks
Mr. Bastarrica has been with the Company since 2012, holding various financial leadership roles including Director of Finance for Performance Audio and Hearing Health Technologies. He previously held financial positions at Navistar Inc. from 2000 to 2012. The filing states there are no material arrangements or understandings regarding his appointment, no family relationships with directors or officers, and no transactions requiring disclosure under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Confirm the effective date of the Controller transition (July 6, 2018).
- Review the prior Form 8-K filed on June 19, 2018, for details on Mr. Mittelman's resignation.
- Verify that no undisclosed compensatory arrangements exist for the new Controller.