By way of an SEC announcement, Titan Machinery has reported that, “Mr. [Peter] Christianson will conclude his term as president of the company and will assume the position of Chairman of International Operations, with his job duties focused on the company’s international operations, effective as of the company’s 2015 annual meeting, which will be held on June 4, 2015.

Mr. Christianson will continue leading the company’s international segment through the end of the 2016 fiscal year. Following the end of the 2016 fiscal year, Mr. Christianson will serve the company in a consulting role for 3 years … Mr. Christianson will also conclude his service on our board of directors at the end of his current term, which expires on the date of the 2015 annual meeting.”

Titan Machinery management has indicated that it will discuss the change in more detail following release of its fiscal first-quarter earnings report on May 28, 2015.