Following the resignation of Local.com‘s (LOCM) chief financial officer Brenda Agius last week for personal reasons, TheStreetSweeper.com today ponders asks why the CFO seems never to have actually taken up residence in California, despite the fact her move back to the East Coast is listed as the reason for her departure.
StreetSweeper’s Melissa Davis lists as curious the fact that public records show Agius with a car and a home registered in Florida, with the home listed as her primary residence. And despite relocation expenses fronted by Local, it appears Agius never purchased a home in California nor obtained a California driver’s license. Agius’s LinkedIn profile, moreover, has no trace of her work for Local.com.
Whether all of this means Agius never went to Florida is not clear, of course. Davis writes that the company would not comment on the matters she raised.
Davis also digs into Local’s 8-K filing from last week detailing Agius’s departure, and notes that the language says Local “terminated” Agius. Whether this is a minor legalese quibble, or whether Agius was actually asked to leave, rather than requesting leave, isn’t clear — at least not to me.
Local.com shares are up 6 cents, or 1.4%, at $4.48.
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