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News Breaks
August 4, 2014
16:33 EDTMCZMad Catz Interactive reports Q1 EPS (2c), one estimate (3c)
Reports Q1 revenue $16.7M vs.$18.7M.
News For MCZ From The Last 14 Days
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February 9, 2016
16:25 EDTMCZMad Catz announces CEO Darren Richardson agreed to resign
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16:23 EDTMCZMad Catz sees Q4 charge from restructuring actions
On February 5, 2016, the Company's Board of Directors approved a restructuring plan focused on lowering operating costs, increasing efficiencies and better aligning its workforce with the needs of the business. The plan consists of a reduction in the number of positions across the organization equal to approximately 37% of the total workforce and includes changes at the executive level. As a result of these actions, the Company expects to record a pre-tax cash restructuring charge of approximately $3.0 million during the fourth quarter of fiscal 2016, comprised primarily of severance and benefits afforded to terminated employees and executive officers. The Company anticipates that the actions associated with these headcount reductions will be substantially completed by the end of the fourth quarter of fiscal 2016, and that these actions will result in annual savings in excess of $5.0 million starting in the first quarter of fiscal 2017.
16:21 EDTMCZMad Catz reports Q3 EPS 2c, one estimate 8c
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February 8, 2016
13:16 EDTMCZMad Catz says Karen McGinnis named CEO, John Nyholt named chairman
13:16 EDTMCZMad Catz announces resignation of Chairman Brown, CEO Richardson
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10:54 EDTMCZMad Catz trading halted, pending news
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