Business Context and Reporting Period
This Form 8-K Current Report was filed by Penumbra, Inc. on August 2, 2019, with the earliest event reported on the same date. The filing addresses corporate governance changes, specifically the appointment of a new executive officer.
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 appointment of Sri Kosaraju as President and Chief Financial Officer, effective August 29, 2019. Mr. Kosaraju previously served as Chief Financial Officer and Head of Strategy since May 2015. Adam Elsesser will continue in his roles as Chairman and Chief Executive Officer.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook, management commentary on operations, or specific risk factors. It notes that Mr. Kosaraju has no family relationship with other officers or directors and that the Company is not aware of any transactions requiring disclosure under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the effective date of Sri Kosaraju's promotion to President and CFO (August 29, 2019).
- Confirm Adam Elsesser's continued tenure as Chairman and CEO.
- Review the press release furnished as Exhibit 99.1 for additional details on the leadership transition.
- Note that this filing contains no financial results; refer to the most recent 10-Q or 10-K for financial metrics.