https://seekingalpha.com/filing/4933540
They are all taking the offer. At first I thought that this was a great demonstration of confidence in the company by senior management. If they really had worries about the company, they would take their salary in cash rather than stock. But on closer reading, there are added incentives for them. They get the shares at the average price in March, when the stock was down, and now the stock is already way above that, so they are getting cheap stock. On the OTHER other-hand, the company will save the outlay of all those salaries, no operating margins and net margins will be up, so it’s a mixed bag for us.
Saul