Orion Marine Group, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Orion Marine Group, Inc. (Orion) on March 21, 2011, reporting events occurring on March 18, 2011. The company is incorporated in Delaware and operates from Houston, Texas.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes.
Material Changes
The primary material change reported is the departure of a senior executive:
- Resignation: Elliott J. Kennedy, Executive Vice President, will resign effective April 1, 2011.
- Future Arrangement: The Company has entered into an agreement with Mr. Kennedy to provide ongoing consulting services.
- Background: Mr. Kennedy joined the Company in 1994, served as Vice President until December 2007, and was named Executive Vice President – Gulf Coast thereafter.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, outlook, management commentary on future performance, specific risks, contingencies, or unusual items. Management expressed gratitude for Mr. Kennedy's years of dedicated service.
Key Facts for Investor Verification
- Confirm the effective date of Elliott J. Kennedy's resignation (April 1, 2011).
- Verify the terms of the ongoing consulting agreement with Mr. Kennedy.
- Check for subsequent filings regarding the appointment of a replacement Executive Vice President.