Business Context and Reporting Period
This Form 8-K Current Report was filed by Matson, Inc. (NYSE: MATX) on January 22, 2020. The report discloses a corporate governance event regarding the Board of Directors.
Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. This report is limited to a disclosure of a director's departure and does not contain financial statements.
Material Changes
There are no material financial changes reported in this filing. The sole material event is the announcement that W. Blake Baird will not stand for re-election to the Board of Directors upon the expiration of his current term at the 2020 Annual Meeting of Shareholders.
Guidance, Outlook, and Management Commentary
Management stated that Mr. Baird's decision was not the result of any dispute or disagreement with the Company regarding its operations, policies, or practices. No financial guidance, outlook, or discussion of risks and contingencies is included in this specific filing.
Key Facts for Investor Verification
- W. Blake Baird will not seek re-election to the Board of Directors at the 2020 Annual Meeting.
- The departure is voluntary and unrelated to any disagreement with company management or operations.
- No financial data or operational metrics are disclosed in this report.