cryoport_8k-010710.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date of
Report (Date of earliest event reported): January 7, 2010
CRYOPORT, INC.
(Exact
name of registrant as specified in its charter)
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Nevada
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000-51578
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88-0313393
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(State
of other jurisdiction
of
incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification
No.)
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20382
Barents Sea Circle, Lake Forest,
California 92630
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(Address
of Principal Executive Offices)
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Registrant’s
telephone number, including area code: (949)
470-2300
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Not
Applicable
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(Former
name or former address, if changed since last
report)
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Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2 below):
o
Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425).
o
Soliciting material pursuant to Rule 14A-12 under the Exchange Act (17
CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item
5.02 Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
On January 7, 2010, the Board of
Directors of CryoPort, Inc. (the “Company”), pursuant to the Company's bylaws,
increased the size of the Board of Directors to four members and then elected
John H. Bonde to fill the vacancy created thereby. Mr. Bonde was also
appointed to serve as a member of the Audit Committee.
Mr. Bonde, who is 64 years old, is the
Chief Executive Officer of eQsys, Inc., a position he has held since November
2008. From January 2005 through January 2006, Mr. Bonde served as the Division
President of CGS Systems. Mr. Bonde has over 35 years experience working in
various management positions at a number of successful high tech companies and
has been a director of numerous private companies. Mr. Bonde earned his Bachelor
of Science in Economics from City University of New York, Queens College in 1969
and a Masters of Science in Business Policy from Columbia University in
1982.
There have been no related party
transactions between Company and Mr. Bonde, and there were no arrangements or
understandings between Mr. Bonde and any other person pursuant to which he was
selected as a director.
Except for the grant to Mr. Bonde of an
option to purchase 34,076 shares of the Company’s common stock at an exercise
price of $0.57 per share, which option will vest in three quarterly installments
commencing on January 31, 2010, Mr. Bonde is not a party to and does not
currently participate in any material Company plan, contract, or arrangement,
nor has he received any grant or award from the Company in connection with his
election to the Board of Directors. In addition to the foregoing
stock option grant, Mr. Bonde will also receive a quarterly cash board fee in
the amount of $15,000.
A copy of the press release announcing
Mr. Bonde's appointment is attached to this Current Report on Form 8-K as
Exhibit 99.1 and is incorporated herein by this reference.
Item
9.01. Financial Statements and
Exhibits.
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99.1
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Press
Release dated January 12,
2010
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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CRYOPORT,
INC. |
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Date:
January 13, 2010
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By:
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/s/ Larry
G. Stambaugh |
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Larry
G. Stambaugh |
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Chief
Executive Officer and Chairman |
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Exhibit
Index
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99.1
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Press
Release dated January 12,
2010
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