Highest-materiality recent filing
Cyanotech increases revolver to $4.6M, extends maturity to April 2027
Fifth Amendment raises maximum borrowing from $4.0M to $4.6M; minimum draw lowered from $250K to $200K.
Cyanotech names Jennifer Miyashiro as CFO, annual meeting elects directors
Jennifer Miyashiro, 45, appointed CFO, VP Finance & Admin, and Treasurer, succeeding Jennifer Rogerson who resigned.
Cyanotech amends note to allow stock interest payment; renews CEO agreement through 2029
Fourth Amendment to Promissory Note with Skywords Family Foundation (Chairman Michael Davis) lets company pay FY2026 interest in common stock at $1.00/share.
Cyanotech dismisses Grant Thornton, appoints BPM as new auditor for FY2025
Audit Committee dismissed Grant Thornton on Dec 10, 2024; no adverse opinions or disagreements in prior years.
Cyanotech names Jennifer Rogerson CFO; Felicia Ladin retiring Sept 5, 2024
Jennifer Rogerson appointed VP of Finance; will become CFO/Treasurer on Sept 5, 2024 upon Felicia Ladin's retirement.
Cyanotech ups revolving credit to $4M, extends note maturity to 2027
Revolving borrowing capacity increased from $2M to $4M under promissory note with Skywords Family Foundation.
Nasdaq to delist Cyanotech common stock on Feb 20 after failing bid price rule
Nasdaq notified Cyanotech it failed to regain compliance with minimum $1.00 bid price rule; second extension denied.
Cyanotech completes $400K private placement of 400K shares at $1.00
Sold 400,000 shares at $1.00/share for gross proceeds of $400K to The Michael Arlen Davis Revocable Trust.
Cyanotech shareholders elect all five director nominees at 2023 annual meeting
Directors elected (votes for): Michael A. Davis 3,123,875; Angela M. McElwee 3,124,761; David M. Mulder 3,141,474; David L. Vied 3,125,874; Matthew K. Custer 3,128,978.
Cyanotech increases revolving credit facility with Skywords from $1M to $2M
Second Amendment to Amended and Restated Promissory Note increases maximum revolving amount from $1,000,000 to $2,000,000.
Cyanotech receives Nasdaq bid-price deficiency notice; 180 days to cure
Bid price closed below $1.00 for 30 consecutive business days as of August 10, 2023.
Cyanotech signs LOI to double revolving credit line to $2M with related-party lender
LOI between Cyanotech and Skywords (controlled by Chairman Michael Davis) to increase revolving borrowing capacity under promissory note from $1M to $2M.
Cyanotech regains compliance with Nasdaq minimum bid price rule
Received Nasdaq notice on June 15, 2023 confirming compliance with Listing Rule 5550(a)(2).
Cyanotech receives Nasdaq bid price deficiency notice; 180 days to regain $1.00 minimum
Nasdaq notified Cyanotech on May 2, 2023 that bid price closed below $1.00 for 30 consecutive business days.
Cyanotech increases revolving credit line from $500K to $1M; extends maturity to April 2025
Maximum revolving amount raised from $500,000 to $1,000,000 under amended promissory note.
Cyanotech shareholders elect all six director nominees, ratify auditor at 2022 annual meeting
All six director nominees elected: Michael A. Davis, Angela M. McElwee, Walter B. Menzel, David M. Mulder, David L. Vied, Matthew K. Custer.
Gerald Cysewski resigned as CEO and Director effective June 16, 2022; will continue as CEO Emeritus and Chief Scientific Officer.
Cyanotech appoints Angela McElwee to Board, expands to seven directors
Angela McElwee appointed to Board effective Nov 8, 2021; Board expands from 6 to 7.
Cyanotech shareholders re-elect all six directors, ratify auditor, approve stock plan amendment
All six director nominees re-elected: Cysewski, Davis, Katz, Menzel, Mulder, Vied; broker non-votes 909,649.
On August 22, 2024, Cyanotech Corporation, a Nevada corporation (the “Company”), named Jennifer Rogerson, age 35, as its Vice President (“VP”) of Finance and Administration.
Felicia Ladin will remain as Chief Financial Officer (“CFO”), VP of Finance and Administration, and Treasurer until her retirement date of September 5, 2024, at which point Ms. Rogerson will become CFO, VP of Finance and Administration, and Treasurer.
Effective as of June 16, 2022, Gerald Cysewski has resigned from his position as Chief Executive Officer of Cyanotech Corporation, a Nevada corporation (the “Company”), and as a Director of the Company.
Effective immediately upon Mr. Cysewski’s resignation, the Board of the Company has unanimously appointed Matthew K. Custer as President and Chief Executive Officer of the Company.
The Board of Directors (“Board”) of Cyanotech Corporation, a Nevada corporation (the “Company”), based upon the recommendation of the Nominating and Corporate Governance Committee, has unanimously appointed Angela McElwee to serve on the Board effective as of November 8, 2021.
Max materiality 0.90 · Median 0.45 · Most common event debt