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| MOC > SEC Filings for MOC > Form 8-K on 17-Jul-2012 | All Recent SEC Filings |
17-Jul-2012
Regulation FD Disclosure
On July 17, 2012, Command Security Corporation (the "Company") announced to its employees the upcoming consolidation and relocation of its corporate headquarters to Herndon, Virginia. Currently, the Company has three separate offices in Lagrangeville, New York; Parsippany, New Jersey and Rockville Centre, New York. The decision to consolidate and relocate was approved by the Board of Directors (the "Board") following a thorough review of recommendations made by a real estate consulting firm hired by the Company. The main reasons driving the decision are: (1) a desire to locate all corporate staff together for improved communication and process; (2) a desire to locate headquarters near a major transportation hub; (3) proximity to our strategic markets; (4) competitive office rents, operating expenses, personnel and living costs; and (5) a desire to locate in a strong population center to attract employees within the security industry. The Board believes this move will enhance the Company's financial and operational effectiveness and improve cohesiveness, cost-effectiveness and focus in the Company.
The Company is in the final stages of lease negotiations for the new space with an anticipated move date of November 1, 2012. While the Company is unable to determine the ultimate impact of the consolidation and relocation at this time, it estimates that initial costs could range from one to two million dollars, depending primarily on personnel decisions.
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