Business Context and Reporting Period
This Form 8-K Current Report was filed by Matson, Inc. on December 19, 2012. The filing addresses corporate governance changes regarding the departure of a senior officer and the appointment of a successor.
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 changes and does not contain financial performance data.
Material Changes
- Departure: John E. Dennen stepped down as Controller (Chief Accounting Officer) effective December 19, 2012, in preparation for his retirement in 2013.
- Appointment: The Board of Directors appointed Dale B. Hendler as Vice President and Controller (Chief Accounting Officer) effective December 19, 2012.
Management Commentary and Background
Mr. Hendler, 59, has been with Matson Navigation Company, Inc. (a wholly owned subsidiary) since 1980. He previously served as Vice President, Corporate Development & Planning since 2005. Prior to joining Matson, he was a CPA with Deloitte & Touche and holds a Bachelor's of Science and an MBA from the University of California at Berkeley.
Investor Verification Checklist
- Confirm the effective date of the Controller transition (December 19, 2012).
- Verify Mr. Hendler's tenure and prior roles within the Matson organization.
- Monitor future filings for the formal retirement date of Mr. Dennen in 2013.