Green Plains Renewable Energy, Inc. - 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Green Plains Renewable Energy, Inc. on August 1, 2007, reporting events that occurred on July 30, 2007. The company is incorporated in Iowa and operates in the renewable energy sector.
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 corporate governance changes.
Material Changes
On July 30, 2007, Barry Ellsworth resigned as Executive Vice President of Compliance and Development and as a director of the Company. His resignation was effective immediately.
Management Commentary and Risks
Mr. Ellsworth stated in his resignation letter that he is stepping down to spend more time with his family after three years of service. He noted that his original intention was to attract experienced management to operate the business, which he believes has now been accomplished. CEO Wayne Hoovestol acknowledged Mr. Ellsworth as the founder of the Company and thanked him for his hard work and dedication during the startup phase.
Investor Verification Checklist
- Confirm the effective date of Barry Ellsworth's resignation (July 30, 2007).
- Verify if a successor has been appointed to the roles of Executive Vice President of Compliance and Development or to the Board of Directors.
- Review subsequent filings for any changes in the company's strategic direction following the founder's departure.