Business Context and Reporting Period
This Form 8-K filing by Molina Healthcare, Inc. reports a corporate governance event dated February 13, 2012. The filing concerns the election of a new director to the Company's Board of Directors.
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 a personnel announcement and contains no financial performance data.
Material Changes
The material change reported is the election of Garrey E. Carruthers as a Class I director to fill an existing vacancy. His term will expire at the Company's 2012 annual meeting. No financial or operational changes were reported in this document.
Guidance, Outlook, and Management Commentary
There is no guidance, outlook, or management commentary regarding future financial performance in this filing. The document notes that Dr. Carruthers has not been named to any Board committees as of the appointment date and that no special arrangements or understandings influenced his selection.
Key Facts for Investor Verification
- New Director: Garrey E. Carruthers was elected to the Board on February 13, 2012.
- Background: Dr. Carruthers is the Dean of the College of Business at New Mexico State University and formerly served as Governor of New Mexico (1987-1990) and CEO of Cimarron Health Plan (1993-2003).
- Term Details: He serves as a Class I director until the 2012 annual meeting.
- Committee Assignments: He has not been assigned to any Board committees at the time of this filing.