This can't be a good sign that things are going well for peripheral manufacturer Mad Catz. Both the CEO, Darren Richardson, chairman Thomas Brown, and VP of Business Affairs Whitney Peterson have all parted ways from the company. This news comes just a day ahead of when Mad Catz is set to issue their latest financial report to the public.

In 2015, the company said that they would need Rock Band 4 to become a huge success in order to stay afloat. Rock Band 4 did "ok" back in October 2015, coming in at the tenth spot for the units sold according to the NPD. However, the game quickly fell off the NPD charts for the months following.

Mad Catz's last quarter results showed a further 75% net loss compared to the same period in 2014. Over six months, they posted losses that were 157% higher than the previous year at the same time.

For now, Richardson has been replaced by Karen McGinnis. McGinnis was the company's CFO prior to this promotion. It should go without saying, but if you plan on picking up a new fight stick from Mad Catz, you should probably do that sooner rather than later.

(via Mad Catz)