The company has been posting operating losses since 2011, with recovery slow. Sadly over the weekend, Mad Catz Board of Directors released a press statement stating that they have voluntarily filed for bankruptcy. This signals that the bet may not have paid off. Gray and Karen McGinnis Join Biosplice Therapeutics Board of Directors.
When we covered the company’s debt warning in July 2015, we indicated that Rock Band 4 needed to hit big with new hardware sales. Business Description, Mad Catz Interactive Inc is a Canadian company which is. This is a major leadership turnover, and the timing hints that the gamble on Rock Band 4 and additional debt financing has not paid off. The company’s earnings call will take place on February 9 at 5 p.m. Mad Catz bet on Rock Band 4, co-publishing with Harmonix and taking on the hardware distribution. He is replaced by Tyson Marshall, who was previously associate general counsel.
He is replaced by former chief financial officer Karen McGinnis.Īdditionally, the company’s general counsel and corporate secretary Whitney Person has resigned. Nyholt has been a member of the Board of Directors since October 2013.ĬEO Darren Richardson has also tendered his resignation from his executive post and from the board. Thomas Brown has resigned as Chairman and will be replaced by John Nyholt. As stated above, the companys board of directors formed a special. LLP, 2008-09, 2006-07 off held Member, Board of Directors, Mound City Bar Foundation. Following a lengthy struggle with financial insolvency, gaming peripheral maker Mad Catz has formally ceased all operation. Today, the company has announced the departure of its CEO and Chairman. Peripheral maker Mad Catz has filed for bankruptcy after an unsustainable financial. Counsel, Macys Inc, 2006-11 MAD CATZ INTERACTIVE, INC. Mad Catz will be announcing its third quarter earnings for the current fiscal year tomorrow. Mad Catz Interactive announced that it filed for bankruptcy, ceased operations at its wholly-owned Mad Catz subsidiary, and saw its board of directors resign on March 30.
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