There really isn't much more to the story. ASAP report did jack for them. At any rate, read up on it APC. To add insult to injury, it appears he was a RTP guy and will have to give back the bonus money.
I have 99 criticisms of my employer, but I've seen people involved in fatality-involved ejections keep their wings, not even go to FEBs, as the IP on record where lack of checklist adherence was cited as contributory to the fatality no less. Different spanks for different ranks indeed. I don't know what AMR group was thinking.
The FO made a mistake (missed a heading/altitude) I've seen everybody make, myself included. He just did it close to the airport and became visible. Bad timing and luck. I wouldn't want to invest too much in a career with high volatility of outcome. I wish the dude good fortunes moving on. Most people don't get into commercial flying to top out at 80K flying crappy non-homesteading part 135/91k schedules in timbuktu for the rest of their adult lives as a consolation prize of being in the wrong place at the wrong time. Most people faced with a forced plateau like that simply quit.