Interface CFO Departs; Interim CFO Appointed
Ticker: TILE · Form: 8-K · Filed: May 15, 2024 · CIK: 715787
| Field | Detail |
|---|---|
| Company | Interface Inc (TILE) |
| Form Type | 8-K |
| Filed Date | May 15, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.10 |
| Sentiment | neutral |
Sentiment: neutral
Topics: cfo-departure, management-change, interim-appointment
TL;DR
Interface CFO John Turner out, Michael Smith steps in as interim. Big changes brewing?
AI Summary
Interface Inc. announced on May 13, 2024, the departure of its Chief Financial Officer, John L. Turner, Jr., effective May 10, 2024. The company also announced the appointment of Michael R. Smith as interim CFO. Additionally, the company reported on matters submitted to a vote of security holders and filed financial statements and exhibits.
Why It Matters
The departure of a CFO can signal changes in financial strategy or performance, while the appointment of an interim CFO suggests a transition period for the company's financial leadership.
Risk Assessment
Risk Level: medium — A CFO departure and interim appointment can indicate underlying financial issues or strategic shifts, warranting closer scrutiny of the company's financial health and future direction.
Key Players & Entities
- Interface Inc. (company) — Filing company
- John L. Turner, Jr. (person) — Departing Chief Financial Officer
- May 10, 2024 (date) — Effective date of CFO departure
- Michael R. Smith (person) — Appointed Interim Chief Financial Officer
- May 13, 2024 (date) — Date of report
FAQ
What is the reason for John L. Turner, Jr.'s departure as CFO?
The filing does not specify the reason for John L. Turner, Jr.'s departure as Chief Financial Officer.
Who has been appointed as the interim CFO of Interface Inc.?
Michael R. Smith has been appointed as the interim Chief Financial Officer.
When was the departure of the CFO effective?
The departure of John L. Turner, Jr. was effective May 10, 2024.
What other items are covered in this 8-K filing?
This 8-K filing also covers the election of directors, appointment of certain officers, compensatory arrangements of certain officers, submission of matters to a vote of security holders, and financial statements and exhibits.
What is the SIC code for Interface Inc.?
The Standard Industrial Classification (SIC) code for Interface Inc. is 2273 for Carpets and Rugs.
Filing Stats: 1,069 words · 4 min read · ~4 pages · Grade level 11.9 · Accepted 2024-05-15 16:04:53
Key Financial Figures
- $0.10 — ange on Which Registered Common Stock, $0.10 Par Value Per Share TILE Nasdaq Global
Filing Documents
- tile-20240513.htm (8-K) — 57KB
- a991interface9220v1-2020om.htm (EX-99.1) — 86KB
- image_0a.jpg (GRAPHIC) — 2KB
- 0000715787-24-000021.txt ( ) — 285KB
- tile-20240513.xsd (EX-101.SCH) — 2KB
- tile-20240513_lab.xml (EX-101.LAB) — 21KB
- tile-20240513_pre.xml (EX-101.PRE) — 12KB
- tile-20240513_htm.xml (XML) — 3KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. Annual Meeting of Shareholders (a) The Company held its annual meeting of shareholders on May 13, 2024. (b) The matters considered at the annual meeting, and votes cast for, against or withheld, as well as the number of abstentions and broker non-votes, relating to each matter were: (i) Election of Directors (elected by plurality vote): For Withheld Non-Votes John P. Burke 51,050,508 1,340,384 2,181,242 Dwight Gibson 51,073,313 1,317,579 2,181,242 Daniel T. Hendrix 51,960,582 430,310 2,181,242 Laurel M. Hurd 52,073,190 317,702 2,181,242 Christopher G. Kennedy 49,596,564 2,794,328 2,181,242 Joseph Keough 51,084,695 1,306,197 2,181,242 Catherine M. Kilbane 51,083,183 1,307,709 2,181,242 K. David Kohler 50,492,189 1,898,703 2,181,242 Catherine Marcus 51,382,865 1,008,027 2,181,242 Robert T. O'Brien 51,338,891 1,052,001 2,181,242 (ii) Approval of executive compensation: For: 49,332,026 Against: 3,046,173 Abstain: 12,693 Non-Votes: 2,181,242 (iii) Approval of adoption of the Amended and Restated Plan: For: 50,808,520 Against: 1,570,316 Abstain: 12,056 Non-Votes: 2,181,242 (iv) Ratification of the appointment of BDO USA, P.C. to serve as independent registered public accounting firm for 2024: For: 52,546,486 Against: 1,354,322 Abstain: 671,326 Non-Votes: 0
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Amended and Restated Interface, Inc. 2020 Omnibus Stock Incentive Plan, effective May 13, 2024. 104 The cover page from this Current Report on Form 8-K formatted in Inline XBRL (included as Exhibit 101)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INTERFACE, INC. By: /s/ David B. Foshee David B. Foshee Vice President Date: May 14, 2024