COMMAND CENTER, INC. (OTCMKTS:CCNI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(a)Departure of Director. John D. Stewart resigned as a director of Command Center, Inc. (“Command Center”) effective as of January 16, 2018 for personal reasons. In addition to his service as a director of the company, Mr. Stewart was also chairman of the board and a member and chairman of the audit committee. In his resignation letter, John Stewart explained that he had no disagreement with the board of directors or management relating to the company’s operations, policies or practices.
John Stewart was appointed to the board of directors in November 2013. He became a member of the audit committee in 2014 and chairman of the committee in 2015. Also, in December 2014, his fellow directors appointed him as chairman of the board and he continued to serve in those roles until his resignation.
Mr. Stewart brought to the company leadership, vision and wisdom. As the first independent chairman for the board and a person with significant public company board experience, Stewart was instrumental in implementing high standards of corporate governance at the company. These governance standards continue as part of the culture of the company following his resignation and are an important part of Mr. Stewart’s legacy.
Item 9.01 Financial Statements and Exhibits
The letter of John D. Stewart dated January 16, 2018, is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is attached hereto.
Resignation Letter of John D. Stewart dated January 16, 2018
This Form 8-K may include statements that are “forward-looking statements.” There are risks that the Company faces that could cause actual results to be materially different from those that may be set forth in forward-looking statements made by the Company. There also may be additional risks that the Company does not presently know or that it currently believes are immaterial which could also impair its business and results of operations. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Annual Report on Form 10-K for the year ended December 30, 2016, filed with the SEC and any subsequent filings with the SEC.
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About COMMAND CENTER, INC. (OTCMKTS:CCNI)
Command Center, Inc. is a staffing company. The Company operates primarily in the manual labor segment of the staffing industry. The Company provides on-demand employees for manual labor, light industrial and skilled trades applications. Its customers are primarily small to mid-sized businesses in the wholesale trades, manufacturing, hospitality, construction, retail and auto auction industries. The Company owns and operates approximately 60 on-demand labor stores in over 20 states. In addition to short and longer term temporary work assignments, the Company recruits and places workers in temp-to-hire situations.