UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 

 

 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  April 21, 2015

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CRYOLIFE, INC.

(Exact name of registrant as specified in its charter)
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1655 Roberts Boulevard, N.W.,  Kennesaw,  Georgia  30144
(Address of principal executive office) (zip code)

Registrant's telephone number, including area code: (770) 419-3355

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(Former name or former address, if changed since last report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Section 5 Corporate Governance and Management

 

Item 5.02   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Item 5.02(b)

 

David M. Fronk, CryoLife, Inc.’s (“CryoLife”) Vice President, Regulatory Affairs and Quality Assurance,  will assume the role of Senior Director of Quality, effective May 1, 2015.    

 

In this new role, Mr. Fronk’s compensation will be comprised of an annual base salary of $200,000 and a target annual bonus opportunity of 10% (however, for 2015, Mr. Fronk’s bonus opportunity will be comprised of 40% of his annual base salary in effect from January through April and 10% of his annual base salary in effect for the remainder of the year). Mr. Fronk will also be eligible to (i) receive such equity awards as the Compensation Committee of the Company’s board of directors may authorize from time to time for, and (ii) participate in all Company employee benefit programs available to, similarly situated employees. The compensation paid to Mr. Fronk while serving in the role of Vice President was described in the Company’s 2015 proxy statement filed with the Securities and Exchange Commission on Form 14A on April 20, 2015.

 

In conjunction with his change of roles, Mr. Fronk ceased to be an executive officer of the Company, effective as of April 22, 2015.

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, CryoLife, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

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