PARK CITY, Utah (AP) -- Skullcandy Inc. said Monday that Chief Financial Officer and General Counsel Mitch Edwards is resigning to pursue other activities, including charitable and humanitarian work.
The company sells fancy headphones, decorative iPod cases and T-shirts emblazoned with its skull logo. Skullcandy said Edwards will leave the company on April 1 and may consult for the company while it looks for a new CFO. Vice President of Finance Ron Ross will be its principal accounting officer until a new CFO is hired.
Shares of Skullcandy dropped $1.15, or 7.8 percent, to $13.68 in aftermarket trading following the announcement.
CFO's don't just resign without warning... this smells like unethical activity or a management conflict. Would hate to see Skullcandy (founded by a bunch of skiers and snowboarders) crash and burn because of something illegal or unethical. I'll post developments here as they become available.