The report distinguished them carefully.

The board found that Connor had failed to disclose a personal relationship with a direct report and an apparent related-party vendor interest, had authorized expenses without adequate business support, and had misrepresented the purpose of certain charges.

Its independent members ended his employment as COO under the terms of his contract, subject to any further recovery or legal proceedings.

Bridgett’s employment was also terminated after the review, and the company offered both individuals the opportunity to respond to findings through the formal process.

The committee referred the questionable vendor payments to external counsel for evaluation of recovery options.