{"id":758266,"date":"2023-05-11T20:19:56","date_gmt":"2023-05-12T00:19:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/voce-capital-provides-update-on-cutera-special-meeting\/"},"modified":"2023-05-11T20:19:56","modified_gmt":"2023-05-12T00:19:56","slug":"voce-capital-provides-update-on-cutera-special-meeting","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/voce-capital-provides-update-on-cutera-special-meeting\/","title":{"rendered":"Voce Capital Provides Update on Cutera Special Meeting"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwmarginl1 { margin-left: 30px }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Voce Capital Provides Update on Cutera Special Meeting<\/b><\/p>\n<p>SAN FRANCISCO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nVoce Capital Management LLC (\u201cVoce\u201d), owner of approximately 6.1% of the outstanding shares of Cutera, Inc. (Nasdaq: CUTR) (\u201cCutera\u201d or the \u201cCompany\u201d), provided the following update on its intentions regarding Cutera\u2019s special meeting of shareholders (the \u201cSpecial Meeting\u201d), scheduled for June 9, 2023.<\/p>\n<p>\nVoce issued the following statement:<\/p>\n<p class=\"bwmarginl1\">\n\u201cGiven the recent agreement entered into by Cutera\u2019s Special Committee to transfer majority control of the Board to two shareholders in exchange for their votes at the Special Meeting, we no longer believe the Special Meeting pathway \u2013 which always had a higher voting threshold than an annual meeting \u2013 remains a viable option. As a result, we will not pursue our campaign at the June 9 Special Meeting.<\/p>\n<p class=\"bwmarginl1\">\nThat said, we believe the recent actions by the Entrenched Directors, who comprise the Special Committee, continue to exhibit a pattern of self-interest and repeated violations of their fiduciary duties. We are therefore evaluating all options available to us to safeguard the best interests of Cutera shareholders.\u201d<\/p>\n<p><b>Accordingly, Voce has terminated its proxy solicitation and will not vote any further proxies received from shareholders of the Company on the BLUE proxy card at the Special Meeting.<\/b><\/p>\n<p class=\"bwalignc\">\n***<\/p>\n<p><b><span class=\"bwuline\">Forward-Looking Statements<\/span><\/b><\/p>\n<p>\nThis press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in any state to any person. This press release does not recommend the purchase or sale of a security. There is no assurance or guarantee with respect to the prices at which any securities of the Company will trade, and such securities may not trade at prices that may be implied herein. In addition, this press release and the discussions and opinions herein are for general information only, and are not intended to provide investment advice.<\/p>\n<p>\nThis press release contains forward-looking statements. Forward-looking statements are statements that are not historical facts and may include projections and estimates and their underlying assumptions, statements regarding plans, objectives, intentions and expectations with respect to future financial results, events, operations, services, product development and potential, and statements regarding future performance. Forward-looking statements are generally identified by the words \u201cexpects\u201d, \u201canticipates\u201d, \u201cbelieves\u201d, \u201cintends\u201d, \u201cestimates\u201d, \u201cplans\u201d, \u201cwill be\u201d and similar expressions. Although Voce Capital Management LLC (\u201cVoce Capital Management\u201d) believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties\u2014many of which are difficult to predict and are generally beyond the control of Voce Capital Management or the Company\u2014that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties are enumerated in the Company\u2019s public filings. In addition, the foregoing considerations and any other publicly stated risks and uncertainties should be read in conjunction with the risks and cautionary statements discussed or identified in the Company\u2019s public filings with the United States Securities and Exchange Commission (the \u201c<span class=\"bwuline\">SEC<\/span>\u201d), including those listed under \u201cRisk Factors\u201d in the Company\u2019s annual reports on Form 10-K and quarterly reports on Form 10-Q. The forward-looking statements speak only as of the date hereof and, other than as required by applicable law, Voce Capital Management does not undertake any obligation to update or revise any forward-looking information or statements.<\/p>\n<p>\nFunds managed by Voce Capital Management currently beneficially own shares of the Company. These funds are in the business of trading (i.e., buying and selling) securities and intend to continue trading in the securities of the Company. You should assume such funds will from time to time sell all or a portion of their holdings of the Company in open market transactions or otherwise, buy additional shares (in open market or privately negotiated transactions or otherwise), or trade in options, puts, calls, swaps or other derivative instruments relating to such shares.<\/p>\n<p>\nConsequently, Voce Capital Management\u2019s beneficial ownership of shares of, and\/or economic interest in, the Company may vary over time depending on various factors, with or without regard to Voce Capital Management\u2019s views of the Company\u2019s business, prospects, or valuation (including the market price of the Company\u2019s shares), including, without limitation, other investment opportunities available to Voce Capital Management, concentration of positions in the portfolios managed by Voce Capital Management, conditions in the securities markets and general economic and industry conditions. Voce Capital Management also reserves the right to change the opinions expressed herein and its intentions with respect to its investment in the Company, and to take any actions with respect to its investment in the Company as it may deem appropriate, and disclaims any obligation to notify the market or any other party of any such changes or actions, except as required by law.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230511005920r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230511005920\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230511005920\/en\/<\/a><\/span><\/p>\n<p><b>Media Contact<br \/>\n<\/b><br \/>Longacre Square Partners<br \/>\n<br \/>Dan Zacchei \/ David Reingold<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:dzacchei@longacresquare.com\">dzacchei@longacresquare.com<\/a> \/ <a rel=\"nofollow\" href=\"mailto:dreingold@longacresquare.com\">dreingold@longacresquare.com<br \/>\n<\/a><\/p>\n<p><b>Investor Contact<br \/>\n<\/b><br \/>D.F. King &amp; Co., Inc.<br \/>\n<br \/>Edward McCarthy<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:emccarthy@dfking.com\">emccarthy@dfking.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Health Medical Devices Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Voce Capital Provides Update on Cutera Special Meeting SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Voce Capital Management LLC (\u201cVoce\u201d), owner of approximately 6.1% of the outstanding shares of Cutera, Inc. (Nasdaq: CUTR) (\u201cCutera\u201d or the \u201cCompany\u201d), provided the following update on its intentions regarding Cutera\u2019s special meeting of shareholders (the \u201cSpecial Meeting\u201d), scheduled for June 9, 2023. Voce issued the following statement: \u201cGiven the recent agreement entered into by Cutera\u2019s Special Committee to transfer majority control of the Board to two shareholders in exchange for their votes at the Special Meeting, we no longer believe the Special Meeting pathway \u2013 which always had a higher voting threshold than an annual meeting \u2013 remains a viable option. As a result, we will not pursue &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/voce-capital-provides-update-on-cutera-special-meeting\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Voce Capital Provides Update on Cutera Special Meeting&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-758266","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Voce Capital Provides Update on Cutera Special Meeting - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/voce-capital-provides-update-on-cutera-special-meeting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Voce Capital Provides Update on Cutera Special Meeting - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Voce Capital Provides Update on Cutera Special Meeting SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Voce Capital Management LLC (\u201cVoce\u201d), owner of approximately 6.1% of the outstanding shares of Cutera, Inc. (Nasdaq: CUTR) (\u201cCutera\u201d or the \u201cCompany\u201d), provided the following update on its intentions regarding Cutera\u2019s special meeting of shareholders (the \u201cSpecial Meeting\u201d), scheduled for June 9, 2023. Voce issued the following statement: \u201cGiven the recent agreement entered into by Cutera\u2019s Special Committee to transfer majority control of the Board to two shareholders in exchange for their votes at the Special Meeting, we no longer believe the Special Meeting pathway \u2013 which always had a higher voting threshold than an annual meeting \u2013 remains a viable option. 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(Nasdaq: CUTR) (\u201cCutera\u201d or the \u201cCompany\u201d), provided the following update on its intentions regarding Cutera\u2019s special meeting of shareholders (the \u201cSpecial Meeting\u201d), scheduled for June 9, 2023. Voce issued the following statement: \u201cGiven the recent agreement entered into by Cutera\u2019s Special Committee to transfer majority control of the Board to two shareholders in exchange for their votes at the Special Meeting, we no longer believe the Special Meeting pathway \u2013 which always had a higher voting threshold than an annual meeting \u2013 remains a viable option. 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