Business Context and Reporting Period
This Form 8-K filing by Gladstone Commercial Corporation covers the date of September 19, 2011. The report addresses corporate governance changes specifically regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to Item 5.02 regarding officer departures and does not contain financial statements.
Material Changes
On September 19, 2011, Gerard Mead notified the Board of Directors that he will not stand for reelection as a director or as a member of the Compensation Committee and Audit Committee. Mr. Mead intends to remain on the board until his term expires at the 2012 Annual Meeting of Stockholders, tentatively scheduled for May 2012.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. The Board expressed gratitude for Mr. Mead's services and wished him well in his retirement from the Board.
Key Facts for Investor Verification
- Gerard Mead is retiring from the Board of Directors and will not seek reelection.
- Mr. Mead will continue to serve until the 2012 Annual Meeting of Stockholders (tentatively May 2012).
- Mr. Mead currently serves on the Compensation Committee and Audit Committee.
- The filing was signed by Danielle Jones, Chief Financial Officer, on September 23, 2011.