Cineverse Corp. (Cinedigm Digital Cinema Corp.) 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on February 16, 2012, reporting events occurring on February 10, 2012. The registrant, Cinedigm Digital Cinema Corp., is incorporated in Delaware and operates from Morristown, New Jersey.
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 corporate governance and personnel changes.
Material Changes
The primary material change reported is the appointment of a new senior executive:
- Item 5.02: On February 10, 2012, John B. Brownson was appointed as Senior Vice President of Accounting and Finance.
- Background: Mr. Brownson, age 59, previously served as President of UniqueScreen Media, Inc. (USM), a wholly owned subsidiary, from the company's acquisition of USM in 2006 until its sale in 2011.
- Compensation: He is entitled to participate in the Company's benefit plans and programs to the same extent as other senior executives.
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary on financial performance, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the effective date of John B. Brownson's appointment as Senior Vice President of Accounting and Finance.
- Confirm the terms of Mr. Brownson's participation in executive benefit plans.
- Review the Company's recent history regarding the acquisition and subsequent sale of the USM subsidiary.