Business Context and Reporting Period
This Form 8-K Current Report was filed by Diebold, Incorporated on February 11, 2010. The filing addresses a corporate governance matter regarding the Board of Directors.
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
There are no material financial changes reported. The significant event is the departure of Eric J. Roorda from the Board of Directors. Mr. Roorda notified the Board Governance Committee that he will not stand for re-election at the annual meeting in April 2010 to focus on his Brazilian-based business, Procomp Agropecuária Ltda. He has served as a director since June 5, 2001, and will serve out his current term.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on financial performance, or discussion of risks and contingencies beyond the specific departure of the director.
Key Facts for Investors to Verify
- Eric J. Roorda will not seek re-election to the Board of Directors in April 2010.
- Mr. Roorda's departure is voluntary and driven by his commitment to Procomp Agropecuária Ltda.
- Mr. Roorda will remain on the Board until the conclusion of his current term.
- The company's principal executive offices are located in North Canton, Ohio.