Business Context and Reporting Period
This Form 8-K Current Report was filed by Bruker Corporation on September 14, 2011. The filing addresses a significant change in executive leadership, specifically the appointment of a new Chief Financial Officer.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. The document focuses exclusively on personnel changes and compensation details.
- Executive Compensation: William J. Knight's base salary is $362,100.
- Bonus Eligibility: Eligible for an annual performance bonus with a 2011 target level of $150,000.
Material Changes
On September 14, 2011, William J. Knight was appointed Chief Financial Officer (CFO), effective immediately. Key changes include:
- Mr. Knight transitions from Interim CFO (since June 2011) and Chief Operating Officer (COO) (since February 2010) to the permanent role of CFO.
- He will serve as Interim COO while the company searches for a permanent senior operational executive for manufacturing, production, logistics, and global supply chain management.
- He continues to serve as the Company's principal financial officer and principal accounting officer.
- No amendments were made to his salary, bonus eligibility, or benefits as a result of this permanent appointment.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of risks and contingencies. The primary operational note is the ongoing search for a permanent Chief Operating Officer to replace Mr. Knight in that capacity.
Investor Verification Checklist
- Verify the press release (Exhibit 99.1) for additional context on the leadership transition.
- Monitor future filings for the appointment of a permanent Chief Operating Officer.
- Review the company's most recent 10-Q or 10-K for actual financial performance data, as this 8-K does not contain financial results.