CryoPort, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by CryoPort, Inc. (Nevada) with a report date of December 5, 2008. The filing addresses corporate governance changes regarding the Board of Directors.
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 personnel appointments and does not contain financial statements or performance data.
Material Changes
- Board Appointment: On December 5, 2008, the Board appointed Larry G. Stambaugh to fill the vacancy created by Stephen Scott's resignation in November 2008.
- Leadership Election: The Board unanimously elected Mr. Stambaugh to the position of Chairman.
- Compensation Agreement: A Board of Directors Agreement dated December 10, 2008, was executed to memorialize Mr. Stambaugh's compensation terms.
Management Commentary and Background
Mr. Stambaugh is a Principal of Apercu Consulting with over 30 years of experience in building global businesses and setting strategies. His background includes extensive knowledge of life sciences, clean tech, Contract Research Organizations, and biotech/pharmaceutical companies. He currently serves on the boards of EcoDog, Ridge Diagnostics, BioCom, and the Corporate Directors Forum.
Investor Verification Checklist
- Verify the specific compensation terms detailed in the attached Board of Directors Agreement (Exhibit 10.15).
- Confirm the effective date of Stephen Scott's resignation and the transition timeline.
- Review subsequent filings for any financial impact related to the new Chairman's compensation.