Cryo Cell International Inc (CCEL)

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OLDSMAR — Less than a year after waging a successful proxy fight at Cryo-Cell International Inc., co-CEOs David Portnoy and Mark Portnoy face a shareholder challenge similar to the one they mounted to win control of the company.

Ki Yong Choi, an entrepreneur and the largest individual owner of Cryo-Cell stock, has notified the company that he intends to nominate a slate of directors to replace the current board of directors.

Choi said he has seen no evidence of a business plan to improve Cryo-Cell (OTCQB: CCEL) in the 10 months since the Portnoys took the reins of the stem ...

Margie Manning is Quality and Content Editor of the Tampa Bay Business Journal. She also covers banking, finance and professional services.