^
Keep Dallas Observer Free
4

Blockbuster's Chief Financial Officer and Exec Vice President, Tom Casey, Has Called It Quits

Tom Casey

If that

Los Angeles Times

piece at the end of August is to be believed, Elm Street-based Blockbuster should be filing a prepackaged bankruptcy, oh,

any day now

. Question is: Does the latest bit of big news outta Renaissance Tower suggest Chapter 11's forthcoming sooner than later? In

a Securities and Exchange Commission filing today

, Blockbuster announced that its chief financial officer and executive vice president, Thomas Casey, is

outta

there effective last Saturday. Casey resigned last week, walking out with

a lump sum bonus of $100,000 and $7,000 in relocation expenses

.

I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Dallas and help keep the future of Dallas Observer free.

Casey's bio remains, for now, on the Blockbuster corporate governance page; he's right below CEO Jim Keyes, who said upon his hiring in September 2007 that Casey "has been instrumental in helping some of the world's largest companies successfully formulate their financial and strategic business plans for the future." In today's filing, Blockbuster has announced his replacement: Dennis McGill, the CFO at Plano-based Safety-Kleen. From the looks of The Google Machine, McGill's previous entertainment-biz experience dates back to his days at Hastings.

There's been no Official Release or Statement from Blockbuster about Casey's adios. When I asked Blockbuster spokesperson Patty Sullivan if one's a-comin', she responded thusly moments ago: "There is no statement beyond the information in the 8-K. His three-year term ended on September 11 and a new EVP and CFO was hired -- Dennis McGill."

Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.

 

Join the Observer community and help support independent local journalism in Dallas.

 

Join the Observer community and help support independent local journalism in Dallas.