Business Context and Reporting Period
This Form 8-K is filed by Command Center, Inc. (not Hirequest, Inc.) for the reporting period ending December 10, 2012. The filing reports a corporate governance event involving the appointment of a new director.
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
The primary material change reported is the appointment of J.D. Smith to the Board of Directors on December 10, 2012. Mr. Smith brings extensive experience in real estate investment, construction, and development, having worked in the industry since 1982. He currently owns Real Estate Investment Consultants, LLC and serves on the board of iMedicor, Inc.
Outlook, Risks, and Contingencies
- Compensation: Mr. Smith's compensation as a non-employee director will be determined by the Compensation Committee.
- Related Party Transactions: The filing discloses that Mr. Smith is the son of the beneficial owner of Sonoran Pacific Resources, LLP, a significant shareholder in Command Center, Inc. No other reportable transactions between Mr. Smith and the Company occurred during the prior fiscal year.
- Risks: No specific financial risks or contingencies are detailed in this filing.
Investor Verification Checklist
- Verify the correct registrant name is Command Center, Inc., not Hirequest, Inc.
- Confirm the background and potential conflicts of interest regarding J.D. Smith's relationship with Sonoran Pacific Resources, LLP.
- Review future filings for the Compensation Committee's determination of Mr. Smith's director compensation.
- Note that this filing contains no financial data; refer to the most recent Form 10-K for financial metrics.