---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-047426"
form_type: "8-K"
ticker: "CTSO"
cik: "0001175151"
company_name: "Cytosorbents Corp"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:16:16.051377+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-047426
- form_type: 8-K
- ticker: CTSO
- cik: 0001175151
- company_name: Cytosorbents Corp
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1175151/000110465923047426/0001104659-23-047426-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1175151/000110465923047426/tm2313283d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-047426
- JSON: https://secwatch.observer/filing/0001104659-23-047426.json
- Plain text: https://secwatch.observer/filing/0001104659-23-047426.txt

## Key facts
- Executive change
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1175151/000110465923047426/0001104659-23-047426-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.