Every material Form 8-K WESTERN ASSET INTERMEDIATE MUNI FUND INC. has filed with the SEC since July 22, 2015, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
The fund announced that Nisha Kumar was appointed a director of each closed-end fund advised by Legg Mason Partners Fund Advisors, LLC, effective January 1, 2019, and that directors Dr. Riordan Roett and Leslie H. Gelb retired effective December 31, 2018. Kumar will serve on the fund's Audit, Nominating, Compensation, Pricing and Valuation Committees, and the changes are administrative board updates that do not alter the fund's operations as described in the filing.
Nisha Kumar appointed director effective January 1, 2019; she will sit on the Audit, Nominating, Compensation, Pricing and Valuation Committees
Dr. Riordan Roett and Leslie H. Gelb retired as directors effective December 31, 2018
Kumar has been Managing Director and CFO and Chief Compliance Officer of Greenbriar Equity Group, LP since 2011
Kumar was previously CFO of AOL LLC from 2007 to 2009 and CFO and Chief Administrative Officer of Rent the Runway, Inc. during 2011
On August 14, 2017, KPMG resigned as the independent auditor of Western Asset Intermediate Muni Fund at the Fund's request, and the Board approved PricewaterhouseCoopers as its replacement for the fiscal year ending November 30, 2017. The filing states there were no disagreements or reportable events with KPMG, and that the change does not reflect dissatisfaction with KPMG's performance.
KPMG resigned August 14, 2017, at the Fund's request; its reports for fiscal 2016 and 2015 contained no adverse or disclaimer opinion and were not qualified.
Audit Committee recommended PwC; the Board approved the engagement on August 10, 2017, effective August 14, 2017.
No disagreements with KPMG or reportable events were reported for fiscal 2015, fiscal 2016 or the interim period through August 14, 2017.
KPMG's letter to the SEC dated August 16, 2017 is filed as Exhibit 16.1.
Western Asset Intermediate Muni Fund Inc. (SBI) said Jane Trust will become a director/trustee, Chairman, Chief Executive Officer and President of the Fund, effective August 1, 2015. Kenneth D. Fuller is resigning from those roles effective July 31, 2015. The change applies to a group of closed-end funds advised by Legg Mason Partners Fund Advisors, LLC.
Jane Trust appointed director/trustee, Chairman, CEO and President effective August 1, 2015
Kenneth D. Fuller resigns from the same roles effective July 31, 2015
Ms. Trust is a Managing Director of Legg Mason & Co., LLC and a Senior Vice President of the investment manager
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every WESTERN ASSET INTERMEDIATE MUNI FUND INC. filing is on SEC EDGAR ↗. 8-K briefs of other companies →