Brief: Cytosorbents Corp's Board Approves Voluntary Salary Reduction Program For Certain Of Employees

Cytosorbents

03/04/2024 11:10

April 3 (Reuters) - Cytosorbents Corp  CTSO.O :
    * CYTOSORBENTS CORP - ON MARCH 29, BOARD AUTHORIZED AND
APPROVED A
VOLUNTARY SALARY REDUCTION PROGRAM FOR CERTAIN OF COMPANY'S
EMPLOYEES
    * CYTOSORBENTS CORP - PURSUANT TO THE SALARY REDUCTION
AGREEMENTS,
THE CEO AGREED TO REDUCE HIS BASE SALARY BY 35%
    * CYTOSORBENTS CORP - REDUCED BASE SALARY IS EFFECTIVE FOR
THE
PERIOD OF APRIL 1, 2024 THROUGH DECEMBER 31, 2024
    * CYTOSORBENTS- PHILLIP P. CHAN (CEO), KATHLEEN P. BLOCH
(CFO),
AMONG EXECUTIVES WHO CHOSE TO PARTICIPATE IN  VOLUNTARY SALARY
REDUCTION PROGRAM

Source text for Eikon:  ID:n0001104659-24-042809 
Further company coverage:  CTSO.O 

 ((Reuters.Briefs@thomsonreuters.com;))