Astrotech Corporation (NASDAQ:ASTC) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
corporation (“Astrotech,” the Company), entered into a Stock
Purchase Agreement with Thomas B. Pickens III, the Companys Chief
Executive Officer and Chairman of the Board (Seller), to which
the Company redeemed from Seller 601,852 shares of the common
stock, no par value, of the Company (Common Stock) at a purchase
price of $1.62 per share, which was equal to the average closing
price of the Common Stock on the NASDAQ Capital Market for the
ten trading days ending on December 9, 2016 (the Stock Purchase
Agreement).
Capital Bank to Mr. Pickens. At the direction of Mr. Pickens, the
Company paid the gross proceeds of $975,000 directly to Plains
Capital Bank to repay the loan.
not purport to be complete and is qualified in its entirety by
reference to the full text of the agreement filed as Exhibit 10.1
to this Current Report on Form 8-K and incorporated by reference
herein.
shareholders, to notice duly given, at 221 W.
6th>Street, Suite 2100, Austin, Texas 78701. Of the
22,555,247 shares of common stock entitled to vote at such
meeting, 19,198,315 shares, or 85.12% of the Companys common
stock, were present in person or by proxy. The matters voted upon
at the meeting and the results of such voting are set forth
below:
following individuals to serve as directors to serve for the
respective terms prescribed by the Companys bylaws:
|
Nominee
|
Votes For
|
Votes Withheld
|
Broker Non-Votes
|
|||
|
Thomas B. Pickens III
|
8,085,257
|
416,923
|
10,696,135
|
|||
|
Mark Adams
|
8,276,949
|
225,231
|
10,696,135
|
|||
|
Sha-Chelle Manning
|
8,153,337
|
348,843
|
10,696,135
|
|||
|
Daniel T. Russler, Jr.
|
8,342,149
|
160,031
|
10,696,135
|
|||
|
Ronald W. Cantwell
|
8,379,437
|
122,743
|
10,696,135
|
|||
|
Michael T. Humphrey
|
8,116,354
|
385,826
|
10,696,135
|
Public Accounting Firm
appointment of BDO, LLP as the Companys independent registered
public accounting firm for the fiscal year ending June 30, 2017:
|
Votes For
|
Votes Against
|
Abstentions
|
Broker Non-Votes
|
|||
|
19,047,768
|
106,686
|
43,861
|
Astrotech Corporation.
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
|
Astrotech Corporation
|
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  |
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About Astrotech Corporation (NASDAQ:ASTC)
Astrotech Corporation is a science and technology development and commercialization company. The Company invents, acquires and commercializes technological innovations sourced from internal research, universities, laboratories and research institutions. The Company operates through two business units: Astro Scientific and Astral Images Corporation (Astral). The Astro Scientific is a technology incubator that commercializes technologies, and includes the operations of subsidiaries, such as 1st Detect Corporation (1st Detect) and Astrogenetix, Inc. (Astrogenetix). Astral segment provides film digitization, image correction and enhancement technology. It offers systems containing off-the-shelf hardware with integrated Astral software, software products and scanning or enhancement services. The Astral segment offers products, including Astral Black ICE, Astral Color ICE and Astral HDR ICE. The Company’s product portfolio also consists of MMS-1000 and OEM-1000. Astrotech Corporation (NASDAQ:ASTC) Recent Trading Information
Astrotech Corporation (NASDAQ:ASTC) closed its last trading session up +0.02 at 1.54 with 41,627 shares trading hands.