VMware Inc. has made it quite clear that it has no intention of pursuing the controversial Virtustream venture alongside its parent company EMC Corp.

The virtualization giant made the blunt announcement in a statement to the U.S. Securities and Exchange Commission (SEC) late yesterday. “VMware announced that it will not be participating in the formation of the Virtustream Cloud Services Business previously announced by EMC and VMware on October 20, 2015,” the company’s CFO, COO and Executive Vice President Jonathan Chadwick said in an 8k filing.

Separately, the filing also revealed that two of VMware’s top board members have abandoned ship. It said that ex-Cisco Systems Ltd. CFO Dennis Powell and former Accenture Plc. CFO Pamela Craig had both resigned from the board, without giving any details as to why. On the bright side though, VMware has already appointed one replacement in the shape of EMC board member Don Carty.

The company also said it plans to “update the preliminary 2016 guidance it provided on its third quarter earnings conference call on October 20, 2015 when VMware announces its 2015 fourth quarter and full year financial results in January 2016.”

Regarding the Virtustream plan, this was first announced in October, shortly after the news came through of Dell Inc.’s plan to buy out EMC in a $67 billion deal. The new joint venture was supposed to encompass the cloud offerings of EMC, VMware and the existing Virtustream unit, which EMC acquired for $1.2 billion back in May this year.

The plan was that EMC and VMware would both take a fifty percent stake in the new Virtustream, but VMware shareholders quickly voiced their opposition to the idea, worrying about the impact it would have on the virtualization giant’s share price. The concerns arose after VMware officials admitted the new Virtustream could lose as much as $300 million in its first year of operation.

It was later reported that EMC and VMware officials were planning to rework the proposal with EMC becoming the majority shareholder and VMware taking a much smaller stake. However, VMware’s definitive statement that it’s not taking part seems to have killed that idea too.

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