ASTROTECH Corp Files DEF 14A for FY2024

Ticker: ASTC · Form: DEF 14A · Filed: Oct 24, 2024 · CIK: 1001907

Sentiment: neutral

Topics: proxy-statement, corporate-governance, executive-compensation

TL;DR

ASTROTECH Corp filed their DEF 14A. Check for exec comp & governance updates.

AI Summary

ASTROTECH Corp filed a DEF 14A on October 24, 2024, for the fiscal year ending December 13, 2024. The company, previously known as SPACEHAB INC, is involved in laboratory analytical instruments. Their business address is in Austin, TX, and their fiscal year ends on June 30.

Why It Matters

This filing provides crucial information about ASTROTECH Corp's corporate governance and executive compensation, which can influence investor decisions and regulatory oversight.

Risk Assessment

Risk Level: low — This filing is a routine disclosure (DEF 14A) and does not inherently indicate new risks.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit proxies from shareholders for an upcoming annual meeting or to provide information about executive compensation and corporate governance.

When is ASTROTECH Corp's fiscal year end?

ASTROTECH Corp's fiscal year ends on June 30, as indicated in the filing.

What was ASTROTECH Corp formerly known as?

ASTROTECH Corp was formerly known as SPACEHAB INC, with a name change date of March 10, 2009.

What industry does ASTROTECH Corp operate in?

ASTROTECH Corp operates in the Laboratory Analytical Instruments industry, with SIC code 3826.

Where is ASTROTECH Corp's principal executive office located?

ASTROTECH Corp's principal executive office is located at 2105 Donley Dr., Suite 100, Austin, TX 78758.

Filing Stats: 4,611 words · 18 min read · ~15 pages · Grade level 13.5 · Accepted 2024-10-24 16:01:20

Key Financial Figures

Filing Documents

From the Filing

astc20241017_def14a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 Astrotech Corporation (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 Proxy Statement Notice of Annual Meeting of Stockholders for the fiscal year ended June 30, 2024 Friday, December 13, 2024 9:00 a.m. (Central Standard Time) 2105 Donley Drive, Suite 100 Austin, Texas 78758 Thomas B. Pickens III Director Since: 2004 Chairman of the Board Daniel T. Russler, Jr. Tom Wilkinson Jim Becker Director Since: 2011 Director Since: 2018 Director Since: 2022 Board Committees: Audit, Compensation, and Corporate Board Committees: Audit (Chair), Compensation (Chair), Board Committees: Audit, Compensation, and Corporate Governance and Nominating (Chair) and Corporate Governance and Nominating Governance and Nominating Lead Independent Director Bob McFarland Jaime Hinojosa Director Since: 2023 With Company Since: 2015 Board Director Chief Financial Officer, Treasurer, and Secretary PROXY STATEMENT NOTICE OF ANNUAL MEETING OF STOCKHOLDERS October 24, 2024 To the Stockholders of Astrotech Corporation: You are cordially invited to attend the Annual Meeting of Stockholders for the fiscal year ended June 30, 2024 (the "Annual Meeting"), for Astrotech Corporation, a Delaware corporation (the "Company" or "Astrotech"), to be held at 2105 Donley Drive, Suite 100, Austin, Texas 78758 on December 13, 2024, at 9:00 a.m. Central Standard Time. Information about the Annual Meeting, the nominees for directors, and the proposals to be considered are presented in this Notice of Annual Meeting of Stockholders (the "Notice of Annual Meeting") and the Proxy Statement (the "Proxy Statement") on the following pages. At the meeting you will be asked: i. to elect six director nominees to serve as directors until the 2025 annual meeting of stockholders (the "2025 Annual Meeting"); ii. to ratify the appointment of RBSM LLP as our independent registered public accounting firm for the fiscal year ending June 30, 2025; iii. to approve, on an advisory basis, the compensation of our named executive officers ("Say-on-Pay"); and iv. to transact such other business as may properly come before the Annual Meeting and any related adjournments or postponements of the Annual Meeting. The Board of Directors of the Company (the "Board") has approved submission of these proposals to the stockholders of the Company and recommends a vote in favor of these proposals and such other matters as may be submitted to you for a vote at the Annual Meeting. The Board has fixed the close of business on October 17, 2024 (the "Record Date"), as the record date for determining stockholders entitled to notice of, and to vote at, the Annual Meeting. As permitted by the "Notice and Access" rules of the Securities and Exchange Commission (the "SEC"), on or about October 24, 2024, we will mail a Notice Regarding the Availability of Proxy Materials to our stockholders containing instructions on how to access the Notice of Annual Meeting, Proxy Statement, proxy card and the Company's annual report on Form 10-K for the fiscal year ended June 30, 2024 (the "Form 10-K"), and vote electronically via the internet. We believe that furnishing these materials electronically allows us to more efficiently provide our stockholders with our proxy materials while reducing costs and reducing the impact of the Annual Meeting on the environment. However, if you would prefer to receive a printed copy of our proxy materials, such materials are available without charge upon written or oral request. Please follow the instructions included in the Notice Regarding the Availability of Proxy Materials or contact our proxy solicitor by calling +1-800-662-5200 (toll-free). Banks and brokers can call at +1-203-658-9400 or emailing ASTC.info@investor.sodali.com. Voting can be completed by returning the proxy card, by telephone at 1-888-457-2959, or online at www.proxyvoting.com/ASTC. Only your latest-dated proxy card will count, and any proxy may be revoked at any time prior to its exercise at the Annual Meeting as described in this Proxy Statement. Further detail can be found on the proxy card and in th

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