Astrotech Corporation (NASDAQ:ASTC) Files An 8-K Submission of Matters to a Vote of Security Holders

Astrotech Corporation (NASDAQ:ASTC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07Submission of Matters to a Vote of Security Holders

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On June 29, 2020, Astrotech Corporation (the “Company”) held its annual meeting of shareholders (the “Meeting”), to notice duly given, at 201 W. 5th Street, Suite 1275, Austin, Texas 78701. Of the 7,575,464 shares of common stock entitled to vote at such meeting, 6,372,183 shares, or 80.12% of the Company’s 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:

Proposal 1 – Election of Directors

By the votes reflected below, our shareholders elected the following individuals to serve as directors to serve for the respective terms prescribed by the Company’s bylaws:

Proposal 2 – Ratification of Selection of Independent Registered Public Accounting Firm

By the votes reflected below, our shareholders ratified the appointment of Armanino, LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2020:

Proposal 3 – Approval of Amendment to 2011 Stock Incentive Plan

By the votes reflected below, our shareholders approved to increase the aggregate number of shares of our common stock available under the 2011 Stock Incentive Plan by an additional 1,500,000 shares (increasing the number of shares that may be delivered to awards granted under the 2011 Stock Incentive Plan from 1,512,197 to 3,012,197 shares):

Proposal 4 – Approval of Amendment to Certificate of Incorporation

By the votes reflected below, our shareholders approved to increase the total number of authorized shares of the Company’s common stock by 35,000,000 shares, to a total of 50,000,000 shares of common stock:

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.

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