Fourteen-year-old bi-coastal production company Headquarters, founded by EP Tom Mooney and director David Cornell, will be shutting its doors at the end of the month. "It's time to move on," Mooney says. "It's hard for a midsize company to survive in this market. David and I have been talking about this for a year, we made money last year and decided to close, rather than do the usual and go bankrupt. We wanted to go out with style because we're both staying in the business." Cornell is set to join L.A.-based production company Form, while EP Mooney already has in the works a new production venture that he says is more suitable for the current marketplace. A number of Headquarters' former directors have already taken new homes: Agust Baldursson moved to Partizan, Lloyd Stein joined Crossroads, and Jerry Simpson signed to new N.Y.-based production outfit Nola. Directors Frank Samuel, Eric King, Matt Ogens and Richie Smyth are currently deciding on new representation.