Theater Board OKs Restructuring Plan
The board of the nonprofit Performance Network Theatre has voted to accept a restructuring plan led by John Manfredi, who will become PNT’s producing artistic director. The vote occurred at the board’s June 18, 2014 meeting, according to a press release issued by board president Ron Maurer on June 19. [.pdf of press release]
On May 22, the board had announced that it was suspending operations of the professional theater company after determining that the theater ”is not currently financially viable.” In early June, the board issued a letter stating that the theater did not have resources to pay its staff, actors and vendors in a timely manner, and to make debt payments.
Subsequently, a group of PNT supporters – including former staff – … [Full Story]