Business Context and Reporting Period
This Form 8-K Current Report was filed by Energy Services of America Corporation on December 23, 2010, covering events occurring on December 20, 2010. The filing primarily addresses corporate governance changes 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 appointments and does not contain financial statements or pro forma information.
Material Changes
The material change reported is the appointment of two new independent directors to the Board of Directors on December 20, 2010:
- Nester S. Logan: Owner of S.S. Logan Packing Co. and a director of First Guaranty Bancshares, Inc. He holds 267,700 shares of common stock and warrants for 470,000 shares.
- Samuel G. Kapourales: Board member of the West Virginia Health Care Authority and Kapourales Properties, LLC, and a director of First National Bank of Williamson and First Bank of Charleston. He holds 300,000 shares of common stock and warrants for 643,688 shares.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. No unusual items were reported.
Investor Verification Checklist
- Verify the independence status of the newly appointed directors under current listing requirements.
- Confirm the total share ownership and warrant positions of Nester S. Logan and Samuel G. Kapourales in subsequent filings.
- Review the Company's most recent 10-K or 10-Q for financial performance data, as this 8-K does not include financial metrics.