Following the assumption of control, on December 28,, GWI initiated an integration and reorganization plan focused on RailAmerica's senior executives. Under the Plan, GWI reduced the size of the workforce by 13 employees on December 31, 2012. The objective of the Plan was to eliminate redundant senior management positions and minimize compensation expense. The Plan costs included approximately $7M in cash payments under existing employment and severance arrangements and approximately $4M in stock-based compensation expense associated with the acceleration of previously issued equity awards. These costs and expenses were recorded during the fourth quarter of 2012, in addition to other RailAmerica acquisition and financing-related expenses. GWI expects that the Plan will result in a reduction of RailAmerica's annual compensation and benefit expenses of approximately $11M that will commence January 1, 2013.