Astrotech Corp Files 8-K: Material Agreement, Officer Changes
Ticker: ASTC · Form: 8-K · Filed: Dec 19, 2024 · CIK: 1001907
Sentiment: neutral
Topics: material-agreement, management-change, corporate-action
Related Tickers: ASTC
TL;DR
ASTC filed an 8-K detailing a new material agreement and executive/director changes. Watch for updates.
AI Summary
On December 18, 2024, Astrotech Corporation (ASTC) entered into a material definitive agreement. The company also reported the departure of directors or certain officers, the election of directors, and the appointment of certain officers, along with details on compensatory arrangements for these officers. The filing includes financial statements and exhibits related to these events.
Why It Matters
This 8-K filing indicates significant corporate actions at Astrotech, including a new material agreement and changes in leadership, which could impact the company's strategic direction and operational execution.
Risk Assessment
Risk Level: medium — Changes in directors and officers, coupled with new material agreements, can introduce uncertainty and potential shifts in company strategy.
Key Players & Entities
- Astrotech Corporation (company) — Registrant
- December 18, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 001-34426 (identifier) — Commission File Number
- 91-1273737 (identifier) — I.R.S. Employer Identification No.
FAQ
What is the nature of the material definitive agreement entered into by Astrotech Corporation?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text snippet.
Who are the directors or officers that have departed from Astrotech Corporation?
The filing mentions the departure of directors or certain officers, but the names of these individuals are not specified in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on December 18, 2024.
What is Astrotech Corporation's state of incorporation?
Astrotech Corporation is incorporated in Delaware.
What are the key items reported in this 8-K filing?
The key items reported are the entry into a material definitive agreement, departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, along with financial statements and exhibits.
Filing Stats: 609 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-12-19 17:02:31
Key Financial Figures
- $0.001 — ge on which registered Common Stock , $0.001 par value per share ASTC NASDAQ Stoc
Filing Documents
- astc20241219_8k.htm (8-K) — 29KB
- ex_759451.htm (EX-10.1) — 79KB
- logo.jpg (GRAPHIC) — 6KB
- 0001437749-24-037973.txt ( ) — 272KB
- astc-20241214.xsd (EX-101.SCH) — 3KB
- astc-20241214_def.xml (EX-101.DEF) — 11KB
- astc-20241214_lab.xml (EX-101.LAB) — 15KB
- astc-20241214_pre.xml (EX-101.PRE) — 11KB
- astc20241219_8k_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. In connection with a periodic review of its existing form of indemnification agreement, the Board of Directors of the Company approved a form of amended and restated indemnification agreement related to the service of directors and officers of the Company. On December 18, 2024, the Company entered into such indemnification agreements with each of its directors. The form of amended and restated indemnification agreement provides for indemnification and advancements by the Company of certain expenses, including attorneys' fees, judgments, fines and settlement amounts and costs relating to claims, suits or proceedings, arising from each individual's service to the Company as a director or officer, as applicable, to the maximum extent permitted by applicable law. The foregoing description of the amended and restated indemnification agreement does not purport to be complete and is qualified in its entirety by the full text of the amended and restated indemnification agreement, a form of which is filed as Exhibit 10.1 of this Current Report and incorporated herein by reference. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 5.02.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Form of Amended and Restated Indemnification Agreement. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 19, 2024 Astrotech Corporation By: /s/ Thomas B. Pickens III Thomas B. Pickens III Chief Executive Officer, Chief Technology Officer and Chairman of the Board