GIBSON OFFICIALLY FILES----

Saw it in my news feed this morning. Not exactly unexpected.

Hopefully this means that in the long-term the guitar business will get back to former glory. Waiting with baited breath.
 
Many a company has done the same--- I am hoping they will be leaner meaner and better on the other side.......make more gear like NORLIN BUWAHAHAHAH -- oh that was just WRONG...

no really glad its 11 and not 7 :)
 
Ok...... So in an article supplied by Gibson Brands Inc., we all read this:
"Henry Juszkiewicz, Chairman and Chief Executive Officer of Gibson Brands, and David Berryman, Gibson's President, will each continue with the Company upon emergence from Chapter 11 to facilitate a smooth transition during this change of control transaction and to support the Company in realizing future value from its core business."

And in another article, there's this:
"The change in control will give noteholders equity in a new company, replacing current stockholders such as Chief Executive Officer, Henry Jusckiewicz, who owns 36% of the company, according to the filing."

So are the new lenders and creditors going to keep Henry as a tour guide, and when they finally think they have it under control, they'll give O-Henry a nice severance package to go quietly?
 
syscokid said:
Ok...... So in an article supplied by Gibson Brands Inc., we all read this:
"Henry Juszkiewicz, Chairman and Chief Executive Officer of Gibson Brands, and David Berryman, Gibson's President, will each continue with the Company upon emergence from Chapter 11 to facilitate a smooth transition during this change of control transaction and to support the Company in realizing future value from its core business."

And in another article, there's this:
"The change in control will give noteholders equity in a new company, replacing current stockholders such as Chief Executive Officer, Henry Jusckiewicz, who owns 36% of the company, according to the filing."

So are the new lenders and creditors going to keep Henry as a tour guide, and when they finally think they have it under control, they'll give O-Henry a nice severance package to go quietly?
Click to expand...

Likely.
 
All I know is we need a new designator.

We had the pre-Norlin years, the Norlin era, and so on.

We are now officially in the Gibson Chapter 11 era.

It’s gonna be interesting.
 
smitty_p said:
All I know is we need a new designator.

We had the pre-Norlin years, the Norlin era, and so on.

We are now officially in the Gibson Chapter 11 era.

It’s gonna be interesting.
Click to expand...

The post-hank years. Should be interesting to see what happens.
 
I don't think we as guitar "consumers" will notice much. It has been said that the guitar side of the business has been doing well for many years. If they are (finally) trimming dow the operation, getting rid of the excess fat that is the non-guitar related stuff, I think Gibson will thrive. What we can hope for (not very likely to happen, though) is that some of the prices come down, since the guitar business will no longer be required to subsidize other operations.
 
I better notice the value of my meager GIBSON collection going up. ;)

Come on ROME IS BURNING -- these things are worth FIVE TIMES AS MUCH --- its a FIRE SALE!

wait-- no its a PROFIT SALE!!!
 
eSGEe said:
I better notice the value of my meager GIBSON collection going up. ;)

Come on ROME IS BURNING -- these things are worth FIVE TIMES AS MUCH --- its a FIRE SALE!

wait-- no its a PROFIT SALE!!!
Click to expand...

Fo’ shizzle.

I got a couple Henry Era Gibsons.

Am I a millionaire, yet?
 
I can't think of one new Gibson I want or need. My last 2015 Gibson was such a disappointment that ended it for me.
I was excited about the true historic Les Paul's until I played a few tone dead. My guess they went cheap on the wood. Bean counters.
 
Time to break out Gibson's upcoming and new logo!

siriusabbott-albums-other-side-picture75511-logo-chibson.jpg



;>)/
 
NO -=-- its free Govt. Cheese Gibson the new G.C.G.

hey how many tax dollars will go to bail them out.......

I see TRUMP isnt runing to impose tariffs on the foregin competition like Reagan did for HArdley Davidson

Maybe they arent really in that bad a shape--- its just "restructuring" ---- I bet they slap Henry on the wrist though......BAD HENRY.......BAD!
 
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