Business Context and Reporting Period
This Form 8-K Current Report was filed by Capital One Financial Corporation on June 20, 2011. The filing addresses a material change in the company's executive leadership structure regarding its finance and accounting officers.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly administrative and does not contain financial performance data.
Material Changes
- Resignation: Susan McFarland notified the company of her resignation as Executive Vice President, Finance, and Principal Accounting Officer, effective July 8, 2011.
- Appointment: R. Scott Blackley will serve as the new Principal Accounting Officer effective July 9, 2011.
- Continuity: Mr. Blackley will continue in his existing role as Senior Vice President and Controller, a position he has held since joining the company in March 2011.
Management Commentary and Background
Mr. Blackley brings significant experience to the role. Prior to joining Capital One, he spent six years at Fannie Mae, most recently serving as Senior Vice President and Chief Financial Officer of the Capital Markets Group. His earlier career includes leadership roles at America Online, KPMG, and the U.S. Securities and Exchange Commission.
Investor Verification Checklist
- Verify the effective dates of the leadership transition (July 8 and July 9, 2011).
- Confirm Mr. Blackley's prior tenure and specific roles at Fannie Mae and the SEC.
- Review subsequent filings to ensure no further changes to the finance leadership team occurred immediately following this transition.