ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
The Company and its wholly-owned subsidiary, Scientific Bioprocessing, Inc.,
have agreed to an extension through December 31, 2021 of the Monthly Retainer
Agreement with Mr. Joseph G. Cremonese, a Director of the Company since November
2002, and his affiliate, Laboratory Innovation Company, Ltd. All other terms
remain the same.
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
On January 8, 2021, the Board accepted the resignation of Mr. John F.F. Watkins
as a Class C Director. Mr. Watkins' resignation was not the result of any
dispute or disagreement with the Company. The Company will pay Mr. Watkins
director fees through December 31, 2020.
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