Business Context and Reporting Period
This Form 8-K Current Report was filed by Boise Cascade Company on February 24, 2016. The filing addresses corporate governance changes specifically regarding the Board of Directors.
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 and governance matters.
Material Changes
On February 24, 2016, the Board of Directors expanded its size from nine to ten members. Mr. Thomas K. Corrick was elected to fill the newly created vacancy effective immediately. He will serve as a Class II director with a term expiring at the 2018 Annual Meeting.
Management Commentary and Risks
Mr. Corrick, who became Chief Executive Officer on March 6, 2015, has held various leadership roles within the company since 2004, including Chief Operating Officer and Executive Vice President of Wood Products. As an employee-director, Mr. Corrick will not receive additional compensation for his service on the Board. No specific risks, contingencies, or unusual items were disclosed in this filing.
Investor Verification Checklist
- Confirm the effective date of Mr. Corrick's directorship (February 24, 2016).
- Verify the new total number of directors on the Board (ten).
- Note that Mr. Corrick serves as an employee-director without additional board compensation.
- Check the expiration date of his term (2018 Annual Meeting).