Business Context and Reporting Period
This Form 6-K filing by Ship Finance International Limited (SFL Corp Ltd.) covers the month of March 2006. The report primarily addresses an organizational change within the Frontline Group, which impacts SFL Corp Ltd. and its affiliate, Golden Ocean Group Limited.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a notification of personnel changes rather than a financial statement.
Material Changes
The material change reported is the resignation of Tom Jebsen from his position as Chief Financial Officer (CFO) of Frontline Ltd. Mr. Jebsen concurrently served as CFO for Ship Finance International Limited and Golden Ocean Group Limited. His termination period is scheduled to end in August 2006, and the board of Frontline Management AS is seeking a replacement immediately.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or specific risk factors beyond the operational impact of the CFO departure. Management expressed regret at Mr. Jebsen's departure, citing his solid contribution since 1997, but noted the necessity of finding a replacement.
Key Facts for Investor Verification
- Tom Jebsen resigned as CFO for Frontline Ltd., SFL Corp Ltd., and Golden Ocean Group Limited.
- Mr. Jebsen's employment termination period extends until the end of August 2006.
- The board is actively seeking a replacement for the CFO position.
- No financial performance data is included in this specific filing.