SECURITIES AND EXCHANGE COMMISSION
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PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Section 5 Corporate Governance and Management
Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain officers: Compensatory Arrangements of Certain Officers.
Election of Director
On September 20, 2021, the Board of Directors (the “Board”) of CryoLife, Inc. (the “Company”) appointed Anthony B. Semedo as a director and a member of the Compliance Committee of the Board, effective on October 1, 2021.
Mr. Semedo has over 40 years of U.S. and international experience in the medical device industry, serving most recently as Senior Vice President & President of Japan Operations at Medtronic. The Board appointed Mr. Semedo to serve as a director based on the entirety of his experience and skills, including his extensive knowledge of the medical device industry.
The Board has affirmatively determined that Mr. Semedo qualifies as an independent director under the categorical standards of the corporate governance rules of the New York Stock Exchange and as defined under applicable law.
In connection with his appointment to the Board, Mr. Semedo will receive the same equity and cash compensation for director service as the Company provides to other non-employee directors, which is disclosed in the Company’s definitive proxy statement filed March 30, 2021.
There are no transactions, or proposed transactions, to which the Company is or was a party and in which Mr. Semedo had a direct or indirect material interest that are required to be disclosed under Item 404(a) of Regulation S-K.
A copy of the press release announcing Mr. Semedo’s appointment to the Board is attached hereto as Exhibit 99.1 and incorporated by reference herein.
Death of Director
Unrelatedly, the Company was informed on September 20, 2021 that Ronald D. McCall, Esq., a director of the Company since January 1984 and Presiding Director from December 2005 to March 2021, unexpectedly passed away. Mr. McCall was a very highly regarded director and made many significant contributions to the Company during his tenure. We are grateful for his service and dedication to the Company over these many years. We are deeply saddened by Mr. McCall’s death and extend our sincerest condolences to his family.
Financial Statements and Exhibits.
Press Release dated September 22, 2021
*This exhibit is furnished, not filed.
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.
Date: September 22, 2021
/s/ D. Ashley Lee
D. Ashley Lee
Executive Vice President, Chief
Operating Officer and Chief
N E W S R E L E A S E
D. Ashley Lee
Executive Vice President, Chief Financial Officer,
and Chief Operating Officer
Gilmartin Group LLC
Brian Johnston / Lynn Lewis
Anthony Semedo Joins CryoLife Board of Directors
ATLANTA, GA – (September 22, 2021) – CryoLife, Inc. (NYSE: CRY), a leading cardiac and vascular surgery company focused on aortic disease, announced today the appointment of Anthony “Tony” Semedo to its Board of Directors effective October 1, 2021.
“We are thrilled to welcome Tony, a leader in the aortic space, to our board of directors,” commented Pat Mackin, Chairman, President, and Chief Executive Officer. “Tony’s demonstrated ability to lead, grow, and integrate diversified global divisions in the medical device space as well as his experience managing robust R&D, quality, and regulatory functions will be instrumental as we advance on our growth trajectory.”
Mr. Semedo stated, “I am very excited to join CryoLife as the company continues to grow as a dominant force within the aortic space. I look forward to working with the entire team to support the company’s enduring commitment to enabling positive patient outcomes while providing a diversified portfolio to surgeons across the globe.”
Mr. Semedo has over 40 years of U.S and international experience in the medical device industry, serving most recently as Senior Vice President & President of Japan Operations at Medtronic, where he led multiple business units and functions. Through his tenure at Medtronic, Mr. Semedo held several executive management positions including Senior Vice President & President of the company’s Aortic, Peripheral and Venous (APV) Division and Senior Vice President & President of Endovascular Innovations. He previously served as Vice President of Medtronic’s Japan Cardiovascular Business and as Global Vice President of Vascular Research and Development. Earlier in his career he spent time at Alaris Medical Systems, Eli Lilly & Co., and Abbott Laboratories. Mr. Semedo received his Bachelor of Science in Engineering from the University of Massachusetts.
1655 Roberts Boulevard, NW • Kennesaw, Georgia 30144
(770) 419-3355 Phone • (770) 426-0031 Fax • e-mail: email@example.com
About CryoLife, Inc.
Headquartered in suburban Atlanta, Georgia, CryoLife is a leader in the manufacturing, processing, and distribution of medical devices and implantable tissues used in cardiac and vascular surgical procedures focused on aortic repair. CryoLife markets and sells products in more than 100 countries worldwide. For additional information about CryoLife, visit our website, www.cryolife.com.
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