Business Context and Reporting Period
This Form 8-K Current Report was filed by Becton, Dickinson and Company (BD) on October 5, 2012. The report addresses a significant change in executive leadership within the company's finance department.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to personnel changes and does not contain financial performance data.
Material Changes
- Resignation: David V. Elkins, Executive Vice President and Chief Financial Officer, resigned effective November 9, 2012.
- Appointment: Suketu Upadhyay, 43, was named Interim Chief Financial Officer, effective November 9, 2012.
- Background: Mr. Upadhyay previously served as Senior Vice President and Controller since November 2011 and Vice President of Finance – International. His prior experience includes roles at AstraZeneca and Centocor, Inc.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on financial performance, risks, contingencies, or unusual items. The document focuses solely on the transition of the CFO role.
Investor Verification Checklist
- Confirm the exact effective date of the CFO transition (November 9, 2012).
- Verify the interim status of the new CFO appointment versus a permanent selection.
- Review subsequent filings for any impact on financial reporting timelines or internal controls due to the leadership change.
- Check for any undisclosed compensatory arrangements related to the departing CFO.