Senior management would be the first to go if I was taking over this company in a buyout and would in fact make that part of the deal.......BUT who would buy this company based on the section within the 2012 10-K titled "Payments Upon Termination of Employment or Change in Control"?????
Think about it; the stock is down 35% since DEC/2014, net income has tanked the last 2 Qs, branches are being shut down, etc., and I would have to pay this guy 400K a year through 2018??
If I were a stockholder, this would make me sick to my stomach!