Summary of CYANOTECH CORP - Yahoo! Finance

Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(b) The resignation of William R. Maris, Vice President - Finance and Administration, Chief Financial Officer, Secretary and Treasurer of Cyanotech Corporation ("Company") was accepted by the Board of Directors on October 29, 2008, to be effective November 14, 2008.

(c) Deanna Spooner (age 56) was appointed to succeed Mr. Maris in these positions effective November 14, 2008, to serve at the pleasure of the Board.

Ms. Spooner has been the Controller of the Company since January 2008. She was a financial consultant in Waikoloa, Hawaii and Mission Viejo, California from March 2004 to December 2007, advising clients on standard operating procedures and mortgage loan programs. From 1998 to 2003 she was Chief Financial Officer and Chief Operations Officer of ADcom Information Services, Inc., Deerfield Beach, Florida, a television viewer rating company. She holds a B.A. Administration and Accounting degree from the University of Washington.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit
Number

99.1       News Release Dated October 31, 2008 and Headed: Cyanotech Names Deanna
           Spooner as CFO