Business Context and Reporting Period
This Form 8-K is a current report filed by Command Center, Inc. (not Hirequest, Inc.) on July 9, 2015, with the report signed on July 14, 2015. The filing addresses corporate governance changes and the issuance of a press release.
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
- Resignation of Director: Jeff Wilson resigned from the Board of Directors effective July 9, 2015. He will continue to serve as the Company's Chief Financial Officer.
- Reason for Resignation: The resignation was intended to allow the Board to elect an independent director. There is no disagreement between Mr. Wilson and the Company regarding operations or policies.
- Appointment of Director: Richard Finlay was elected to the Board of Directors on July 9, 2015, to fill the vacancy left by Mr. Wilson.
- New Director Background: Mr. Finlay is currently Executive Vice President and CFO at Eastside Catholic School. He has prior experience as CEO or CFO for various companies including Pet's Choice, Fluid Marine, Kinetix Living, and Carena, along with 15+ years of experience at a Fortune 500 company.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook, or specific risk factors. It notes that Mr. Finlay's compensation will be determined by the Compensation Committee and that he has not been appointed to any Board committees. A press release issued on July 14, 2015, is referenced as an exhibit but is not deemed "filed" for liability purposes under the Exchange Act.
Investor Verification Checklist
- Verify the correct registrant name is Command Center, Inc., not Hirequest, Inc.
- Confirm Jeff Wilson's continued role as Chief Financial Officer despite his Board resignation.
- Review the attached press release (Exhibit 99.1) for additional context on the July 14, 2015 announcement.
- Monitor future filings for the Compensation Committee's determination of Richard Finlay's director compensation.