This is a very contradicting statement “stepping down for family reasons”. He is not leaving he is switching roles in the company. This is most likely due to bad results. They are going to say the new guy has a new directions or something like that. They have also repeatedly blamed Europe for their missed expectations in the past. This is a very vague reasoning. It is extremely challenging for any of these 3D companies to beat sky high expectations. They have mainly been successful due to growth by acquisitions. It will be interesting to see if XONE can keep up with this. Either way the stock is going down or up by a lot after hours. If they miss VJET is also going to take a hit. Friday may be a great buying opportunity.