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Levi & Korsinsky, LLP is investigating Cutera, Inc. (“Cutera” or the “Company”) (NASDAQ: CUTR), and its Board of Directors, in connection with the Company’s 2010 compensation for its CEO and other executives. If you owned shares during this time period, you may be affected.
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At the Company’s recent annual shareholder meeting held June 14, 2011, shareholders voted “no” on Cutera’s say on pay provision. The investigation concerns whether certain senior officers and executives of Cutera were awarded salaries, bonuses, and/or other forms of compensation that were excessive or unwarranted based on Cutera’s performance.
Specifically, Cutera’s CEO received $1.15 million in 2010, up from $919,738 in 2009. Executive pay was increased despite the fact that shares have dropped from a high of $12.04 in April 2010 to a high of $9.94 in March of 2011.
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