It is not just you that can't figure their PR's out... From their PR you can conclude:
1) They could be getting a new CEO 2) They could be getting a new President. 3) They could be getting both a new CEO and a new President. 4) They could be getting one guy with the title of CEO and President. 5) They may have changed the previously announced 2 new BOD members to just 1.
Additionally, we received further confirmation that the company is experiencing "unquestionably tough financial times"...
I have never seen regular releases from any other company written in such a way as to require (or allow) interpretation of every line...
It's all irrelevant. As I have posted dozens of times, JD Brown will be running this company despite whatever sock puppet BOD or CEO they spotlight to take the heat off him until it is taken private or it folds. They will do what he says. Squat where he says squat. And grift where he says grift. NOTHING will change. NOTHING. If the CEO named ended up being JD Brown or Glenn Harrs I would pull a first and actually applaud the company for their honesty. Of course it would be honesty involved strictly where robbing their shareholders was concerned, but at least it would be a start...all IMHO.