Business Context and Reporting Period
This Form 8-K filing by Green Plains Renewable Energy, Inc. (Green Plains Inc.) covers the reporting period of April 10, 2007, with the report filed on April 12, 2007. The company is incorporated in Iowa and operates in the ethanol 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 rather than financial performance.
Material Changes
The primary material change reported is the resignation of Brian L. Larson, the Company's Chief Financial Officer (CFO). Mr. Larson provided written notice on April 10, 2007, effective June 8, 2007. He is departing to accept an employment offer outside the ethanol sector. The company notes that Mr. Larson was instrumental in establishing accounting systems, internal controls, and financial reporting during the start-up phase.
Outlook and Management Commentary
Management expressed gratitude for Mr. Larson's contributions and confirmed that the company is actively searching for a new CFO to replace him. No specific guidance, risks, or contingencies regarding future financial performance were disclosed in this filing.
Investor Verification Checklist
- Verify the timeline for the appointment of a new Chief Financial Officer.
- Confirm the transition plan for accounting systems and financial reporting responsibilities.
- Review subsequent filings for any impact on internal controls or audit processes during the interim period.