CytoSorbents Chairman Al W. Kraus to retire; will not stand for reelection

Cytosorbents Corp

Al W. Kraus notified board of retirement; term ends at June 6, 2023 annual meeting.
Kraus served as director since 2003 and Chairman since 2009; also former CEO from 2003-2008.
Company expects to enter consulting arrangement with Kraus for limited post-retirement advice.
Retirement not due to any disagreements with company's operations, policies, or practices.
Press release dated April 19, 2023 announced his retirement.

item 5.02 item 9.01

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Departed

Al W. Kraus

Chairman of the Board

CTSO · Cytosorbents Corp

Effective: 2023-06-06
Filed: April 20, 2023, 7:59 PM ET

On April 17, 2023, Al W. Kraus notified the Board of Directors (the “Board”) of CytoSorbents Corporation (the “Company”) of his intent to retire and that he will not stand for reelection as a member of the Board

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Al W. Kraus departed as Chairman of the Board at Cytosorbents Corp.

Action: retired and will not stand for reelection
Role: Chairman of the Board

Exact text from the filing

On April 17, 2023, Al W. Kraus notified the Board of Directors (the “Board”) of CytoSorbents Corporation (the “Company”) of his intent to retire and that he will not stand for reelection as a member of the Board

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Cytosorbents Corp filing history →

Source: SEC EDGAR

accession 0001104659-23-047426

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