The impact of Andrus's severance will be about 4 cents a share. They will take the hit Q1. New CEO when announced will impact share buyback (if they implement) I would guess they will start banking some shares with buyback for an incoming CEO (guesstimate 500,000-1 million) that would equate to a 3-7 million debt load.
Not clear yet if Alden is drawing a salary now that he s CEO. He was prior to Andrus CEO role.
Q1 earnings would be usually 4-6 cents share. Expect announcing 1-2 cents based on Andrus severance and other "restructuring" charges.
His severance will be spread over 3 years since he's being paid as though he is still an employee, so no hit to 1Q. The upside is that he will be forfeiting stock options which should more than offset his severance expense. Yes the new CEO will get some options, but I think all in all it will pretty much be no impact. If there are other restructuring charges, I would think these would be received favorably.