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Skullcandy, Inc. Message Board

  • michaelsistowicz michaelsistowicz Feb 26, 2013 7:10 PM Flag

    Andrus severance - Q1 Impact

    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.

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