secwatch.observer — SEC 8-K summary
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Issuer:     Cryoport, Inc. (CYRX)
CIK:        0001124524
Form:       8-K
Filed at:   2022-03-21T23:59:59+00:00
Accession:  0001104659-22-036136
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cryoport enters employment agreement with CSO Sawicki; extends Shelton's contract to 2026
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- Dr. Mark Sawicki enters 3-year employment agreement as Chief Scientific Officer and CEO of Cryoport Systems, LLC.
- Sawicki's base salary set by Compensation Committee; no modification to existing compensation or equity.
- Sawicki receives 18 months base salary and COBRA if terminated without cause or for good reason.
- Jerrell Shelton's employment agreement amended: term extended to June 1, 2026; equity acceleration now covers all equity awards.
- Shelton amendment also expands acceleration triggers to include termination without cause or for good reason.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124524/000110465922036136/0001104659-22-036136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124524/000110465922036136/tm229719d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-036136

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer