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Game Over for Midway Games Chairman Nicastro
Neil D. Nicastro, chairman of the Board of Directors at Midway Games Inc., announced that he intends to resign immediately following the June 10 annual meeting of Midway stockholders. Nicastro has only said that he is stepping down for personal and professional reasons.
Midway’s largest shareholders are Viacom CEO Sumner M. Redstone and National Amusements Inc., who collectively own approximately 68% of Midway’s outstanding shares. Redstone notes, "Midway will announce a highly qualified successor shortly following the June 10th annual meeting.”
Midway Games Inc. is a leading developer and publisher of interactive entertainment software for all major platforms. Current titles include NBA Ballers, The Suffering, Spyhunter 2 and NFL Blitz Pro. The company recently signed Hollywood heavies Michael Madsen (Reservoir Dogs, Kill Bill), Ron Pearlman (Hellboy, Alien Resurrection) and Michael Wincott (Alien Resurrection, Strange Days) to voice characters in it upcoming gritty crime drama, Narc.