SEC Filing Summary: Mill City Ventures III, Ltd.
Business Context and Reporting Period
This Form 8-K Current Report was filed by Mill City Ventures III, Ltd. on August 14, 2013, covering events occurring on August 8, 2013. The registrant is a Minnesota-based entity incorporated under the Investment Company Act of 1940.
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
Joseph Hammer, a director of Mill City Ventures III, Ltd., resigned from his position on the board of directors effective August 8, 2013. This resignation creates a vacancy that must be filled in accordance with Section 56(b) of the Investment Company Act of 1940.
Outlook, Risks, and Contingencies
The company is required to appoint or elect an independent director to fill the vacancy created by Mr. Hammer's resignation on or prior to November 6, 2013. No other risks, contingencies, or management commentary regarding future outlook were disclosed in this specific filing.
Key Facts for Investor Verification
- Joseph Hammer resigned as a director effective August 8, 2013.
- The board must appoint a replacement independent director by November 6, 2013.
- This filing contains no financial data or operational metrics.