1. Engaged Capital Sends Letter to the Board of Volcano Corporation

    Engaged Capital Sends Letter to the Board of Volcano Corporation

    Engaged Capital, an investment firm specializing in small and mid-cap North American equities and beneficial owner of approximately 2,638,403 shares of the common stock of Volcano Corporation (“VOLC” or the “Company”) (Nasdaq:VOLC), today sent an open letter http://engagedcapital.com/press/VOLCBODLetter.pdf to the Company’s Board of Directors (the “Board”), filed with the U.S. Securities and Exchange Commission. “It is time for new leadership. We urge the Board to immediately commence a parallel process to evaluate strategic alternatives and conduct a search for CEO candidates with a history of driving profitability and extracting value ...

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    1. Shareholders have suffered through a prolonged period of material underperformance due to management’s overly optimistic business plans and its inability to identify and react to changing market conditions
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