Item 2.02 Results of Operation and Financial Condition

On November 12, 2020, CreditRiskMonitor.com, Inc. issued a press release relating to, among other things, its financial results for the three and nine months ended September 30, 2020. This press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information contained in this Item 2.02 and Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;


          Appointment of Certain Officers; Compensatory Arrangements of Certain
          Officers.

On October 29, 2020, the Board of Directors of the Company promoted Michael I. Flum to the position of President. Mr. Flum joined the Company in June 2018 as Vice President of Operations & Alternative Data. He was elected Senior Vice President and Chief Operating Officer on October 24, 2019 and in that position was responsible for operational strategy and implementation, leveraging technology to improve the efficiency of human capital and work processes. Prior to joining CreditRiskMonitor, Mr. Flum served as Vice President of Operations at Gullett & Associates, Inc., a Houston-based midstream oil & gas survey and drafting services firm from 2016 to 2017. Mr. Flum held various engineering and project management roles at Enterprise Products Partners, a Houston-based oil & gas pipeline owner/operator from 2009 to 2016. Mr. Flum holds a BS in Mechanical Engineering and a BA in Religious Studies from Rice University as well as an MBA from Columbia Business School.




Item 8.01 Other Events.

On October 29, 2020, Due to the economic crisis, the Board of Directors of the Company determined that the appropriate thing to do would be to postpone any declaration or payment of the Company's annual dividend until the Company sees an increased stability in marketplace. The Board's determination was based on review of world-record corporate debt-to-GDP levels, increased default rates, and the challenging economic environment, including the continued uncertainty regarding financial stability of the Company's subscribers and a mounting second wave of COVID-19 infections. The Company is dedicated to ensuring the safety and safeguarding the jobs of our employees. The company retained its payroll levels and employees throughout the year. We will continue to invest in strengthening our staff, service model, and product to meet our client's credit risk needs. Therefore, preservation of liquidity until there is evincible data to suggest control of the pandemic is paramount. The Board expects to review this determination periodically throughout 2021.

Item 9.01 Financial Statements and Exhibits.





  (d) Exhibits



Exhibit No.   Description

   99.1       Press Release dated November 12, 2020

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