Stephen Ehikian, Chief Executive Officer, stated the company’s Q3 results were “clearly inadequate and well below our objectives. We failed to close business as planned and in particular, our ...

"I have initiated a detailed review of our cost structure, engaging two external advisers" and "our initial assessment is that we can reduce $100 million of cost in the next 18 months," said President ...

Emmanuel Lakios, President and CEO, stated that the company has "initiated a transformation strategy during the fourth quarter designed to significantly reduce fixed operating costs, create a more ...