Business Context and Reporting Period
This Form 8-K Current Report was filed by Income Opportunity Realty Investors, Inc. on April 16, 2009. The filing reports a corporate governance event effective at the close of business on that date.
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 changes and contains no financial performance data.
Material Changes
The material change reported is the resignation of David E. Allard as a Director and Chairman of the Audit Committee. Mr. Allard had served as a Director since February 20, 2004. The filing states that at the time of his resignation, he had no disagreement with the registrant regarding operations, policies, or practices.
Guidance, Outlook, and Risks
The filing does not contain management commentary, financial guidance, outlook, or specific risk factors beyond the standard disclosure of the director's departure.
Key Facts for Investor Verification
- David E. Allard resigned as Director and Audit Committee Chairman effective April 16, 2009.
- The resignation was not due to any disagreement with the company.
- Mr. Allard is employed by Wescott, LLC, a Dallas-based investment holding company.
- No financial results or operational metrics are disclosed in this specific filing.