Cytosorbents Corporation announced that Al W. Kraus notified the Board of Directors of his intent to retire and that he will not stand for reelection as a member of the Board at the Company's 2023 Annual Meeting of Stockholders scheduled for June 6, 2023. Mr. Kraus has been a director of the Company since 2003 and has been Chairman of the Board since 2009. From 2003 through 2008, Mr. Kraus also served as the Company's President and Chief Executive Officer.

Mr. Kraus' decision not to stand for reelection was not due to any disagreements with the Company on any matter relating to the Company's operations, policies, or practices.