Proxy were then sent to shareholders.
On May 11,2015 an 8K was filed with SEC disclosing that Co Founder, Peter Christianson, would be stepping down as president of the company at the shareholder meeting and he will no longer be a member of the board of directors.
President Christianson told a reporter earlier this month that he would not be able to comment on "why" he is stepping down nor "who" would be replacing him because the company is in a "quiet period" until 1st quarter financials get released on May 28,2015 at which time the company would comment.
May 28, TITAN REPORTED a Q1 loss of ($0.29) eps but never made mention of who new president will be or any explanation as to why Christianson was stepping down.
ON May 7th the company disclosed that Christianson would be president and after proxy was filed, he announced his resignation.
There is no disclosure stating that the DEF 14 A proxy has changed and not sure how shareholders woill be informed of the changes.
Titan Machinery still has not filed a 10Q with the SEC for Q1. Although numbers have been released it is important for 10Q disclosure to be released because the company has included 4 footnotes in each of its last 4 consecutive filings with Amendments to a $150 million convertible indenture with Wells Fargo.
TITAN did file 9 form 4s with the SEC this afternoon granting the 9 directors with 88,000 shares of stock as a reward for the company losing $31 million for its most recent FY2015 year ending January 31,2015.