Business Context and Reporting Period
This Form 8-K is filed by Command Center, Inc. (not Hirequest, Inc.) with a report date of September 19, 2011. The filing addresses corporate governance changes regarding executive and director compensation effective in September 2011.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on compensation adjustments.
Material Changes
The Compensation Committee approved the following changes to executive and director compensation:
- CEO (President): Annual salary set to $200,000.
- CIO/COO: Annual salary set to $185,000.
- Executive VP, Secretary, and General Counsel: Annual salary set to $185,000.
- Non-Employee Directors: John Schneller, Ralph Peterson, and Jeffrey Wilson approved for cash compensation at a rate of $20,000 annually, effective September 13, 2011.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of risks and contingencies. It notes that the description of compensation actions is qualified by reference to any written plans, contracts, or arrangements.
Investor Verification Checklist
- Verify the registrant name is Command Center, Inc., not Hirequest, Inc.
- Confirm the effective dates of the salary changes (September 19, 2011 for executives; September 13, 2011 for directors).
- Review the referenced written plans or contracts for full details on compensatory arrangements.