CESCA THERAPEUTICS INC. (NASDAQ:KOOL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 12, 2018, Vivian Liu, the Chief Operating Officer, Corporate Secretary and a director of Cesca Therapeutics, Inc. (the “Company”), notified the Company that she has decided to resign from the Company’s Board of Directors effective upon the expiration of her director term on June 22, 2018. As a result, Ms. Liu will not accept reelection as a director at the Company’s Annual Meeting of Stockholders to be held on June 22, 2018. Ms. Liu’s decision to resign did not involve any disagreements with the Company, the Company’s management, or the Board of Directors on any matter relating to the Company’s operations, policies, or practices. Ms. Liu will continue to serve as the Chief Operating Officer and Corporate Secretary for the Company and as a director and executive officer of the Company’s majority-owned ThermoGenesis Corp. subsidiary. As a result of Ms. Liu’s resignation as director, it is anticipated that the Company’s Board of Directors will vote on June 22, 2018 to decrease the size of the Board of Directors from 6 members to 5 members.
About CESCA THERAPEUTICS INC. (NASDAQ:KOOL)
Cesca Therapeutics Inc. is clinical-stage biotechnology company. The Company develops and markets integrated cellular therapies and delivery systems. The Company is engaged in developing and manufacturing of automated blood and bone marrow processing systems that enable the separation, processing and preservation of cell and tissue therapy products. The Company focuses on the business of research, development and commercialization of autologous cell-based therapeutics for use in the regenerative medicine industry. The Company’s therapeutic development initiatives focuses on the fields of cardiovascular medicine and orthopedic regeneration. The Company offers a range of products, such as SurgWerks System, CellWerks System, AutoXpress System (AXP), MarrowXpress System (MXP), BioArchive System, and manual bag sets for use in the processing and cryogenic storage of cord blood.