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Three Mad Catz executives resign prior to tomorrow's earnings report

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Probably not a great sign

Mad Catz is going through a tumultuous shake-up at a time that isn't likely to inspire confidence from investors. On February 9 (tomorrow), Mad Catz will publish its third-quarter 2016 fiscal results. In the lead-up to that, three executives have resigned.

In a press release, Mad Catz announced the departures of Thomas Brown (chairman of the board of directors, member of the board's audit committee), Darren Richardson (president and CEO), and Whitney Peterson (senior vice president of business affairs, general counsel, and corporate secretary). All three seemingly left at once. Mad Catz has already filled their roles.

Mad Catz is a manufacturer of gaming peripherals and accessories, but it most notably recently co-published Rock Band 4 alongside Harmonix. It was said that Mad Catz was betting big on Rock Band 4's success in order to help with outstanding debt. We won't know more about those results until tomorrow, but this development might have already said everything that needs to be said.

Mad Catz Announces Executive and Board Leadership Changes [Mad Catz]

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Brett Makedonski
Brett MakedonskiManaging Editor   gamer profile

While you laughing, we're passing, passing away. So y'all go rest y'all souls, 'Cause I know I'ma meet you up at the crossroads. Y'all know y'all forever got love from them Bone Thugs baby... ... more + disclosures


 


 



Filed under... #Industry Bull #Mad Catz #Money

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