Business Context and Reporting Period
This Form 8-K Current Report was filed by Sunstone Hotel Investors, Inc. on May 30, 2006. The filing reports a corporate governance event regarding the appointment of a principal 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 material change reported is the appointment of William M. Wagner as Senior Vice President and Chief Accounting Officer, effective May 30, 2006. Mr. Wagner succeeds Jon D. Kline, the Executive Vice President and Chief Financial Officer, who previously served as the principal accounting officer.
Management Commentary and Risks
Management highlights Mr. Wagner's extensive background, including his tenure as Vice President-Accounting for the Company since July 2004, prior experience at The TriZetto Group, Inc., Irvine Apartment Communities, Inc., and Ernst & Young LLP. The filing states there are no arrangements or understandings regarding his selection and no family relationships with other directors or officers. No specific risks, contingencies, or unusual items are disclosed in this document.
Investor Verification Checklist
- Verify the effective date of William M. Wagner's appointment as Chief Accounting Officer.
- Confirm the transition of duties from Jon D. Kline to William M. Wagner.
- Review the attached press release (Exhibit 99.1) for additional details on the leadership change.
- Note that this filing contains no financial results; refer to the most recent 10-Q or 10-K for financial metrics.