Energous Corp Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Energous Corporation on March 28, 2019. The report discloses a corporate governance event regarding the 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 focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
On March 28, 2019, the Board of Directors elected Dan Fairfax as a new member of the Board. He will serve until the 2019 annual meeting of stockholders or until a successor is duly elected.
Management Commentary and Risks
Mr. Fairfax brings significant experience as a former Senior Vice President and Chief Financial Officer for Brocade Communication Systems (2011–2017) and Foundry Networks. He will be compensated pursuant to the Company's standard director compensation arrangement and has entered into a standard indemnification agreement. The filing states there are no arrangements or understandings between him and other persons regarding his election, and no transactions requiring disclosure under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Confirm the effective date of Dan Fairfax's board membership.
- Review the Company's standard director compensation arrangement for specific fee details.
- Verify the date of the upcoming 2019 annual meeting of stockholders.
- Check for any subsequent filings regarding Mr. Fairfax's committee assignments.