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): June 16, 2014

 

CRYOPORT, INC. 

(Exact name of registrant as specified in its charter)

 

Nevada 001-34632 88-0313393
(State of other jurisdiction
of incorporation)		 (Commission File Number) (IRS Employer
Identification No.)

 

20382 Barents Sea Circle, Lake Forest, California 92630

(Address of Principal Executive Offices)

 

Registrant’s telephone number, including area code: (949) 470-2300

 

Not Applicable

(Former name or former address, if changed since last report)

 

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):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14A-12 under the Exchange Act (17 CFR 240.14a-12)

¨ 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 June 16, 2014, the Board of Directors (the “Board”) of Cryoport, Inc. (the “Company”) elected Ramkumar Mandalam, Ph.D. to the Board.

 

Dr. Mandalam, who is 49 years old, is the President and CEO of Cellerant Therapeutics, Inc., a clinical stage biotechnology company developing novel cell-based and antibody therapies for cancer treatment and blood-related disorders. Prior to joining Cellerant in 2005, he was the Executive Director of Product Development at Geron Corporation, a biopharmaceutical company where he managed the development and manufacturing of cell based therapies for treatment of degenerative diseases and cancer. From 1994 to 2000, he held various positions in research and development at Aastrom Biosciences, where he was responsible for programs involving ex vivo expansion of human bone marrow stem cells and dendritic cells.

 

Dr. Mandalam received his Ph.D. in Chemical Engineering from the University of Michigan, Ann Arbor, Michigan. Dr. Mandalam is the author or co-author of several publications, patent applications, and abstracts.

 

The Board concluded that Dr. Mandalam should serve as a director on our Board in light of his knowledge and experience within the biotechnology and cell-based therapies.

 

There have been no related party transactions between the Company and Dr. Mandalam, and there were no arrangements or understandings between Dr. Mandalam and any other person pursuant to which he was selected as director.

 

Dr. Mandalam is not a party to and does not currently participate in any material Company plan, contract or arrangement. As non-employee director, he will participate in the Company’s director compensation plan governed by the Compensation Committee and will receive an initial grant to purchase 100,000 shares of the Company’s common stock upon joining the Board. In addition, Dr. Mandalam will receive cash compensation as a non-employee director in the amount of $40,000 annually.

 

He will also be a member of the Company’s Compensation Committee and the Company’s Nomination and Governance Committee.

 

A copy of the press release announcing Dr. Mandalam’s appointment is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by this reference.

 

Item 9.01Financial Statements and Exhibits

 

(d)Exhibits. The following material is filed as an exhibit to this Current Report on Form 8-K:

 

Exhibit

Number

 

99.1Press Release, dated June 16, 2014.

 

 
 

 

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.

 

    CRYOPORT, INC.  
         
         
Date: June 16, 2014   By: /s/ Robert Stefanovich  
      Robert Stefanovich  
      Chief Financial Officer  

 

 
 

 

EXHIBIT INDEX

 
 

Exhibit      
Number   Description  
       
99.1  

Press Release, dated June 16, 2014, issued by the Registrant.