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    Lenny Dunn

    Research Analyst at Mutual Trust of America

    Lenny Dunn's questions to Adicet Bio (ACET) leadership

    Lenny Dunn's questions to Adicet Bio (ACET) leadership • Q4 2018

    Question

    Lenny Dunn asked for clarity on the company's future strategic direction, questioning whether it would remain a conglomerate or sell off business units to reduce debt. He also sought a potential timeline for an announcement regarding the strategic review and inquired about the plans for the highly compensated interim CFO role.

    Answer

    President and CEO William Kennally stated that he could not comment on the ongoing strategic review process but assured that an announcement would be made upon its completion, which he noted would not take years. Regarding the CFO role, Kennally praised Interim CFO Rebecca Roof's performance and indicated that decisions on key personnel would be made as the company moves forward with its strategic process.

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    Lenny Dunn's questions to Adicet Bio (ACET) leadership • Q3 2018

    Question

    Lenny Dunn of Mutual Trust of America sought assurance from the new management team that past operational failures would not be repeated, commented on the strategic alternatives process, and asked about the expected cadence of future communications regarding the company's direction and bank negotiations.

    Answer

    President and CEO Bill Kennally expressed confidence in the rebuilt leadership team at the Rising business but noted there are no guarantees. He confirmed the board has initiated a strategic review to determine the best path forward but could not comment further on the process or provide a timeline for updates beyond the 10-Q filing. Interim CFO Becky Roof added it was too early to comment on securing a more permanent debt covenant waiver.

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