If this is true, then it's about time. The old guard was sooooooo protective if their precious dividend streak that it got in the way of actually taking action to protect the long-term interests of the company. Nothing like continuing and increasing a dividend that pays out over $17 million a quarter, when then earnings are half that. It always boggled my mind that some people bought in to get the dividend, while the stock price was stagnant or declining. Only good if you short the stock, I suppose.
Anyway, it's a provisional early step by the new guard in righting the ship. There will probably be more significant, and painful steps to follow before things point back upward.