Business Context and Reporting Period
This Form 8-K Current Report was filed by Redwood Trust, Inc. on September 3, 2004, covering the event date of September 1, 2004. The filing addresses a change in principal officers 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 is strictly an administrative disclosure regarding personnel changes and contains no financial performance data.
Material Changes
- Departure of Principal Accounting Officer: The employment of Michael S. Churchill as Vice President and Controller was terminated effective September 1, 2004.
- Reason for Departure: The filing explicitly states the departure is not related to any disagreement on accounting principles, practices, or financial statement disclosure.
- Interim Appointment: Harold F. Zagunis, Vice President, Chief Financial Officer, and Secretary, will assume the duties of the Controller in the interim.
Guidance, Outlook, and Risks
The Company intends to begin a search for a permanent replacement for Mr. Churchill. No financial guidance, outlook, or specific risk factors were disclosed in this filing. The text notes that Mr. Zagunis has served as CFO since 1999 and previously held the Controller role from 1999 to 2003.
Investor Verification Checklist
- Verify the timeline for the appointment of a permanent Controller.
- Confirm that no undisclosed accounting disagreements exist despite the explicit denial in the filing.
- Review subsequent filings for the appointment of the new Principal Accounting Officer.