Complex sentence: Since 1992, Carey Perloff has served as the Artistic Director of A.C.T., A.C.T. is now financially secure and has achieved continued acclaim for its work.
Split into simpler sentences: Since 1992, Carey Perloff has served as the Artistic Director of A.C.T., and under her leadership the company has regained its prosperity and prominence. It is now financially secure and has achieved continued acclaim for its work.