For the record, my gut tells me that IF there were really a buyout/merger being contemplated, insiders and institutional players would be all over this imo. And following the release of this 8k (after hours), there was little action in the after hours. Doesn't seem 'typical' imo.
That said, it does seem unusual that they had to redo Scott's Employment Agreement with emphasis on the protecting of the company- the so-called 'double trigger'-
"...a Change of Control alone will not entitle Mr. Bibaud to a severance payment and, in the event of a Change of Control, Mr. Bibaud will only be entitled to a severance payment in the event he is terminated without Cause..."
A change of control AND he is terminated
What's going on?
That said, it does seem unusual that they had to redo Scott's Employment Agreement with emphasis on the protecting of the company- the so-called 'double trigger'-
"...a Change of Control alone will not entitle Mr. Bibaud to a severance payment and, in the event of a Change of Control, Mr. Bibaud will only be entitled to a severance payment in the event he is terminated without Cause..."
A change of control AND he is terminated
What's going on?
Bullish
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