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TomoTherapy and Avalon Announce Settlement
4/8/2009 10:07:25 AM
MADISON, Wis. & LA JOLLA, Calif.--(BUSINESS WIRE)--TomoTherapy Incorporated (NASDAQ:TOMO), producer of the Hi·Art® treatment system for advanced radiation therapy in cancer care, and Avalon Portfolio, LLC and certain of its affiliates, today announced that they have reached an agreement, under which Jonathan McCloskey, a portfolio manager at Avalon Capital Group, Inc., has been appointed to TomoTherapy’s Board of Directors, effective April 15, 2009. The parties also agreed to add another mutually acceptable independent director to TomoTherapy’s Board. With these two additions, the TomoTherapy Board would be expanded to eleven members.
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