Business Context and Reporting Period
This Form 8-K Current Report was filed by Prestige Brands Holdings, Inc. on July 14, 2016, regarding events occurring on July 13, 2016. The filing addresses a significant change in executive leadership under Item 5.02.
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 personnel changes and does not contain financial performance data.
Material Changes
The primary material change reported is the resignation of David Marberger, the Company's Chief Financial Officer. Mr. Marberger is resigning to accept a position as CFO at a large publicly-held food company. His resignation is effective August 5, 2016, though he will remain in his role through the first quarter's earnings call and 10-Q filing.
Outlook and Management Commentary
- Interim Appointment: Ronald M. Lombardi, the Chief Executive Officer, will be appointed as interim Chief Financial Officer effective upon Mr. Marberger's resignation date.
- Search Status: The Company has commenced a search for a permanent replacement for the Chief Financial Officer position.
- Risks and Contingencies: The filing does not disclose specific financial risks or contingencies beyond the operational transition of the CFO role.
Key Facts for Investor Verification
- David Marberger's resignation is effective August 5, 2016.
- Ronald M. Lombardi will serve as interim CFO starting August 5, 2016.
- Mr. Marberger will oversee the Q1 earnings call and 10-Q filing before departing.
- The Company is actively searching for a permanent CFO.