The news broke this morning that Michael Jenkins, longtime president of the Dallas Summer Musicals, had been fired. The DSM was largely silent about the reasons, but late today released a further statement regarding leadership changes at the organization.
“For some, this announcement is difficult to accept, but DSM’s Executive Committee [EC] believed that it was clear that it’s time for a change,” said volunteer chairman Ted Munselle. He further explained that for the last year or more, the EC “has been immersed in an intense assessment of the organization, with special attention on management accountability and professional examinations of DSM’s financial performance including reporting, profitability, expenditures and investments.” The board stated that the DSM has suffered losses every season, except one since 2008.
“Theater is a difficult and competitive business, and the EC was concerned about DSM’s financial losses as well as the quality of its financial reporting,” said Munselle, noting that the “forensic examination” of the financials prompted the decision. “We engaged a leading national law firm to lead a team of forensic investigators, including a group of auditors from a Big Four CPA firm, to conduct a forensic examination of the organization’s books and records.”
Munselle’s release said that last Thursday, in a near unanimous vote, the EC decided that it was time for a change in leadership.