Where Food Comes From, Inc. Announces Board and Executive Changes
Ticker: WFCF · Form: 8-K · Filed: Mar 11, 2024 · CIK: 1360565
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: WFCI
TL;DR
WFCI board shakeup: McGuire is new Chairman, exec pay details disclosed.
AI Summary
Where Food Comes From, Inc. announced on February 12, 2024, changes in its board of directors and executive compensation. Specifically, John J. Mcguire was appointed as the new Chairman of the Board, and the company also disclosed details regarding the compensatory arrangements for its named executive officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and executive compensation can introduce uncertainty regarding future strategy and operational direction.
Key Players & Entities
- Where Food Comes From, Inc. (company) — Registrant
- John J. Mcguire (person) — Appointed Chairman of the Board
- 202 6th Street, Suite 400, Castle Rock, Colorado 80104 (location) — Principal Executive Offices
- February 12, 2024 (date) — Date of earliest event reported
FAQ
Who was appointed as the new Chairman of the Board for Where Food Comes From, Inc.?
John J. Mcguire was appointed as the new Chairman of the Board.
What is the exact name of the company filing this report?
The exact name of the registrant is Where Food Comes From, Inc.
On what date was the earliest event reported in this 8-K filing?
The earliest event reported was on February 12, 2024.
What is the principal executive office address of Where Food Comes From, Inc.?
The principal executive offices are located at 202 6th Street, Suite 400, Castle Rock, Colorado 80104.
What type of SEC filing is this document?
This document is a Form 8-K, a Current Report.
Filing Stats: 461 words · 2 min read · ~2 pages · Grade level 9.4 · Accepted 2024-03-11 16:14:57
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value WFCF The NASDAQ Stock Mar
Filing Documents
- form8-k.htm (8-K) — 34KB
- 0001493152-24-009573.txt ( ) — 206KB
- wfcf-20240212.xsd (EX-101.SCH) — 3KB
- wfcf-20240212_lab.xml (EX-101.LAB) — 34KB
- wfcf-20240212_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 12, 2024 WHERE FOOD COMES FROM, INC. (Exact Name of Registrant as Specified in its Charter) Colorado 001-40314 43-1802805 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 202 6 th Street , Suite 400 Castle Rock , Colorado 80104 (Address of Principal Executive Offices) (Zip Code) (303) 895-3002 (Registrant's Telephone Number, Including Area Code) Not applicable (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.001 par value WFCF The NASDAQ Stock Market LLC Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 12, 2024, Mr. Michael D. Smith, a member of the Board of Directors ("Board") of Where Food Comes From, Inc. ("the Company"), notified the Board that he would not stand for re-election at the 2024 Annual Meeting of Shareholders. Mr. Smith will continue to serve until April 2024, and expressed his desire to continue to advise the Board, as needed, on industry issues. Mr. Smith's decision was not a result of any disagreement between the Company and him on any matter relating to the Company's operations, policies or procedures. Effective upon Mr. Smith's resignation as a director, the size of the Company's Board will be reduced from seven to six directors. Mr. Smith was elected as a member of the Company's Board in May 2016. He has been a tremendous Board member that has provided amazing leadership while on the Board. We look forward to continuing to work with Mr. Smith as a friend and advisory member to the Board of Directors. The Company thanks Mr. Smith for his dedicated service. SIGNATURE 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. WHERE FOOD COMES FROM, INC. (Registrant) By: /s/ Dannette Henning Date: March 11, 2024 Dannette Henning Chief Financial Officer