logo
Share SHARE
FONT-SIZE Plus   Neg

CryoPort Board Accepts Larry Stambaugh's Resignation

CryoPort Inc. (CYRX.OB) announced that its Board has accepted Larry Stambaugh's resignation as Chairman, Director and Chief Executive Officer, effective immediately.

CryoPort also announced the appointment of Director Stephen Wasserman as Chairman. The company's Board has formed an Office of the Chief Executive comprised of independent Directors to assume day-to-day management responsibilities of the company on an interim basis.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Burger chain Shake Shack Inc. said late Thursday that it has priced its initial public offering of 5 million Class A shares at $21 per share, which is above the previously estimated price range of $17 to $19 per share. The shares are expected to begin trading on the New York Stock Exchange on Friday, January 30 under the ticker symbol "SHAK." Google reported a higher fourth-quarter profit, driven by a 15 percent increase in revenues and one-time gains from the sale of Motorola Mobile business, somewhat offset by stock-based compensation expense and foreign exchange losses. Quarterly earnings and revenue missed Wall Street estimates, as ad revenues came under pressure. Online retailer Amazon.com, Inc. said Thursday after the markets closed that its fourth quarter fell 10.5% from last year, as higher expenses more than offset a 15% increase in sales. However, the company's quarterly earnings per share came in well above analysts' expectation, but its quarterly sales fell short of analysts' forecast.
comments powered by Disqus
Follow RTT