Pura Vida urges Cutera board to quickly resolve disagreement

Pura Vida Investments, a Delaware limited liability company with beneficial ownership of approximately 7% of the common stock of Cutera, issued a statement that reads in part: "As significant stockholders, we are deeply troubled that the Board is at war with itself, with the CEO and Chairman, and certain board members each retaining counsel to advance their agendas… We urge the Board to quickly resolve their disagreement and move the Company forward with an orderly CEO succession process involving a nationally-recognized search firm during which the current CEO should remain at the helm. In the event they do not, there is a simple remedy: adding new, highly-qualified directors to the Board, who will put the best interests of the Company and its stockholders first… Should the Board fail to take such action or resolve its current dispute, we are prepared to execute alternative steps to maximize value for all stockholders. We have also identified a world-class CEO and high-quality independent directors, who together can help the Company transition to its next phase of success."