Astrotech Corp: Director Departs, New CTO Appointed, Equity Plan Adopted
Ticker: ASTC · Form: 8-K · Filed: Nov 12, 2025 · CIK: 1001907
Sentiment: neutral
Topics: management-change, equity-incentive-plan
Related Tickers: ASTC
TL;DR
ASTC shakes up leadership with a new CTO and launches a new stock option plan.
AI Summary
On November 5, 2025, Astrotech Corporation (ASTC) filed an 8-K reporting the departure of Director Dr. David L. Smith and the appointment of Dr. Michael L. Johnson as Chief Technology Officer. The filing also disclosed the adoption of a new equity incentive plan, the Astrotech Corporation 2025 Equity Incentive Plan, effective November 5, 2025.
Why It Matters
Changes in key personnel and the adoption of a new equity incentive plan can signal shifts in company strategy and future growth prospects.
Risk Assessment
Risk Level: medium — Changes in executive leadership and the introduction of new equity plans can introduce uncertainty regarding future performance and strategic direction.
Key Players & Entities
- Astrotech Corporation (company) — Registrant
- Dr. David L. Smith (person) — Departing Director
- Dr. Michael L. Johnson (person) — Newly Appointed Chief Technology Officer
- Astrotech Corporation 2025 Equity Incentive Plan (company) — New Equity Plan
- November 5, 2025 (date) — Effective date of events
FAQ
Who has departed from Astrotech Corporation's board?
Dr. David L. Smith has departed from Astrotech Corporation's board of directors.
Who has been appointed as the new Chief Technology Officer?
Dr. Michael L. Johnson has been appointed as the new Chief Technology Officer of Astrotech Corporation.
What is the name of the new equity incentive plan adopted by Astrotech Corporation?
The new equity incentive plan is named the Astrotech Corporation 2025 Equity Incentive Plan.
When was the new equity incentive plan adopted?
The Astrotech Corporation 2025 Equity Incentive Plan was adopted effective November 5, 2025.
What is the primary business of Astrotech Corporation?
Astrotech Corporation is involved in Laboratory Analytical Instruments (SIC code 3826).
Filing Stats: 1,103 words · 4 min read · ~4 pages · Grade level 13.5 · Accepted 2025-11-12 17:13:32
Key Financial Figures
- $0.001 — ge on which registered Common Stock , $0.001 par value per share ASTC NASDAQ Stoc
- $50 million — rator, as follows: (i) 10% of the first $50 million of net proceeds, plus (ii) 5% of the am
- $100 m — of net proceeds between $50 million and $100 million, plus (iii) two percent (2%) of t
- $100 million — the amount of net proceeds in excess of $100 million. No Bonus Pool will be established unde
- $30 million — ualifying transaction equals or exceeds $30 million. Certain key employees of the Company w
- $122,795 — including a cash separation payment of $122,795.25, less applicable withholdings for ta
Filing Documents
- astc20251112_8k.htm (8-K) — 34KB
- ex_887480.htm (EX-10.1) — 73KB
- logo.jpg (GRAPHIC) — 6KB
- 0001437749-25-034514.txt ( ) — 274KB
- astc-20251105.xsd (EX-101.SCH) — 3KB
- astc-20251105_def.xml (EX-101.DEF) — 12KB
- astc-20251105_lab.xml (EX-101.LAB) — 15KB
- astc-20251105_pre.xml (EX-101.PRE) — 12KB
- astc20251112_8k_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Astrotech Corporation Transaction Bonus Plan. 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: November 12, 2025 Astrotech Corporation By: /s/ Thomas B. Pickens III Name: Thomas B. Pickens III Chief Executive Officer, Chief Technology Officer and Chairman of the Board