Astrotech Announces Results from Fiscal Year 2017 Annual Meeting of Shareholders
December 11 2017 - 7:00AM
Business Wire
Astrotech Corporation (NASDAQ: ASTC) (the “Company”) announced
the results of its fiscal year 2017 Annual Meeting of Shareholders
held on December 7, 2017 and its adjournment until December 22,
2017 with respect to Proposal 2 to approve the reincorporation of
the Company from the State of Washington to the State of Delaware.
Proposal 2 received 2,418,881 votes in favor, representing 97.39%
of the votes cast for the reincorporation. However, the proposal
requires 3,004,339 shares in order to pass. Given that the
overwhelming majority of votes cast were in favor of the proposal,
management extended the deadline to vote to allow more shares to be
represented in the vote. The Annual Meeting of Shareholders will
reconvene on December 22, 2017.
Shareholders voted in favor of proposals 1, 3, and 4, which are
as follows: (1) to elect six directors to the Company’s Board of
Directors; (3) to ratify the appointment of BDO USA, LLP as the
Company’s Independent Registered Public Accounting Firm for fiscal
year 2018; and (4) to approve an amendment to the Astrotech
Corporation 2011 Stock Incentive Plan to authorize 225,000
additional shares.
The proxy materials received by shareholders and available on
the Security and Exchange Commission’s website (www.sec.gov)
contain important information regarding Proposal 2. If shareholders
have any questions regarding the proposal, they may call the
Company’s Corporate Controller, Brad Sullivan, at 512-485-9530.
About Astrotech
Astrotech Corporation (NASDAQ: ASTC) is an innovative science
and technology company that invents, acquires, and commercializes
technological innovations sourced from research institutions,
laboratories, universities, and internally, and then funds,
manages, and builds proprietary, scalable start-up companies for
profitable divestiture to market leaders to maximize shareholder
value. Sourced from Oak Ridge Laboratory’s chemical analyzer
research, 1st Detect develops, manufactures,
and sells chemical analyzers for use in the security, defense,
healthcare, food and beverage, and environmental markets. Sourced
from decades of image research from the laboratories of IBM and
Kodak, Astral Images sells film-to-digital image
enhancement, defect removal and color correction software, and post
processing services providing economically feasible conversion of
television and feature 35mm and 16mm films to the new 4K ultra-high
definition (UHD), high-dynamic range (HDR) format necessary for the
new generation of digital distribution. Sourced from NASA’s
extensive microgravity research, Astrogenetix is applying a
fast-track, on-orbit discovery platform using the International
Space Station to develop vaccines and other therapeutics.
Demonstrating its entrepreneurial strategy, Astrotech management
sold its state-of-the-art satellite servicing operations to
Lockheed Martin in August 2014. Astrotech has operations throughout
Texas and is headquartered in Austin. For information, please visit
www.astrotechcorp.com.
This press release contains forward-looking statements that are
made pursuant to the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks, trends, and uncertainties that
could cause actual results to be materially different from the
forward-looking statement. These factors include, but are not
limited to, whether we can successfully develop our proprietary
technologies and whether the market will accept our products and
services, as well as other risk factors and business considerations
described in the Company’s Securities and Exchange Commission
filings including the annual report on Form 10-K. Any
forward-looking statements in this document should be evaluated in
light of these important risk factors. The Company assumes no
obligation to update these forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20171211005335/en/
Company Contact:Astrotech CorporationNicole Conser,
512-485-9530Marketing DirectororIR Contact:LHA Investor
RelationsCathy Mattison and Kirsten
Chapman415-433-3777ir@astrotechcorp.com
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