Cryo-Cell International, Inc. (CCEL) - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K, dated October 29, 2024, details the results of the Annual Meeting of Stockholders held by Cryo-Cell International, Inc. on that date. The company is incorporated in Delaware and trades on the NYSE American under the symbol CCEL.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and stockholder voting outcomes rather than financial performance.
Material Changes and Voting Results
Stockholders voted on four primary matters. The results were as follows:
- Election of Directors: All four nominees were elected with significant majorities:
- David Portnoy: 3,653,908 For vs. 789,479 Withhold
- Harold Berger: 3,628,143 For vs. 815,244 Withhold
- Mark Portnoy: 3,649,613 For vs. 793,774 Withhold
- Daniel Mizrahi: 4,072,486 For vs. 370,901 Withhold
- Ratification of Auditors: WIPFLI LLC was ratified as the independent registered public accounting firm for the fiscal year ending November 30, 2024 (6,697,620 For vs. 186 Against).
- Executive Compensation (Say-on-Pay): The non-binding advisory resolution was approved (4,152,942 For vs. 287,390 Against).
- Other Business: Authorization to vote proxies on other business was approved (3,571,034 For vs. 855,538 Against).
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items. The document is limited to reporting the certified vote counts from the annual meeting.
Investor Verification Checklist
- Verify the total number of shares outstanding to contextualize the voting percentages.
- Review the company's most recent 10-K or 10-Q for financial performance data not included in this 8-K.
- Confirm the independence status of the newly ratified auditor, WIPFLI LLC.
- Check for any dissenting opinions or shareholder proposals that may have been discussed but not listed in the summary vote results.