Cutera shareholder RTW Investments issues statement on special meeting

Cutera shareholder RTW Investments, which manages funds holding approximately 9.3% of the outstanding shares of Cutera, announced that it was in favor of the company holding the previously-called Special Meeting of Stockholders for the purpose of reconstituting the Board of Directors of the company. RTW is concerned about the events that have transpired at the company this past week, particularly with respect to the Board’s removal of David Mowry as CEO of the company on April 11. RTW believes that the market reaction to the removal of Mr. Mowry as CEO demonstrates the need for the Special Meeting and the lack of confidence in the Board. Additionally, RTW believes the company should re-open the director nomination period for the company’s annual meeting of stockholders. RTW also believes that the Board should not have terminated Mowry and that he should continue as CEO while the Board searches for his replacement. RTW asks the Board to immediately reinstate him as the interim CEO.