Business Context and Reporting Period
This Form 8-K Current Report was filed by Commercial Metals Company on November 6, 2009. The report addresses a corporate governance event regarding the Board of Directors.
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 a disclosure regarding a director's departure and contains no financial data.
Material Changes
The material change disclosed is the announced retirement of Ralph Loewenberg from the Company's Board of Directors. Mr. Loewenberg intends to retire at the 2010 annual meeting scheduled for January 28, 2010. The filing states this decision is due to obligations outside of his director duties and explicitly notes there was no disagreement between Mr. Loewenberg and the Company.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on operations, or discussion of risks and contingencies beyond the specific event of the director's retirement.
Key Facts for Investor Verification
- Ralph Loewenberg will retire from the Board of Directors at the annual meeting on January 28, 2010.
- The retirement is voluntary and not the result of any disagreement with the Company.
- The report was signed by William B. Larson, Senior Vice President and Chief Financial Officer.