Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On March 18, 2022, the Compensation Committee of the Board of Directors of
ThermoGenesis Holdings, Inc. (the "Company") determined that, effective
retroactively to January 10, 2022, the annual base salaries of Chris Xu, Chief
Executive Officer, shall be $520,000; Haihong Zhu, Chief Operating Officer,
shall be $460,000; and Jeffery Cauble, Chief Financial Officer, shall be
$264,077.
Also on March 18, 2022, the Company's Compensation Committee awarded Chris Xu,
Chief Executive Officer, a bonus of $180,000; Haihong Zhu, Chief Operating
Officer, a bonus of $96,000; and Jeffery Cauble, Chief Financial Officer a bonus
of $60,941. The bonuses were paid under the fiscal 2021 short-term incentive
plan of the Company.
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