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8-K - FORM 8-K - ASTROTECH Corp | c97530e8vk.htm |
Exhibit 99.1
Astrotech Corporation 401 Congress, Suite 1650 Austin, Texas 78701 512.485.9530 fax: 512.485.9531 www.astrotechcorp.com |
FOR IMMEDIATE RELEASE
ASTROTECH ANNOUNCES RESULTS OF ANNUAL MEETING OF SHAREHOLDERS
Austin, Texas, March 8, 2010 Astrotech Corporation (NASDAQ: ASTC), a leading provider of
commercial aerospace services, today announced the results of the Companys Annual Meeting of
Shareholders held on March 5, 2010.
The shareholders of the Companys common stock elected six directors to the Companys Board of
Directors. The Board of Directors now consists of Thomas B. Pickens III, General (Ret.) Lance W.
Lord, John A. Oliva, William F. Readdy, Mark Adams, and Sha-Chelle Manning. Astrotech shareholders
also ratified the appointment of PMB Helin Donovan, LLP as independent registered public
accountants for the Company.
Id like to thank the shareholders for their continued support and confidence in the Astrotech
Corporation Board of Directors, who have worked tirelessly in support of management to enhance
shareholder value, said Thomas B. Pickens III, Chairman and Chief Executive Officer for the
Company.
The third proposal, to approve the Astrotech Corporations 2010 Stock Incentive Plan, did not
receive the necessary votes for approval.
Tabular presentation of the voting results from the Annual Meeting of Shareholders follows the text
of this press release.
About Astrotech Corporation
Astrotech Corporation (Nasdaq: ASTC) is a commercial aerospace company that provides spacecraft
payload processing and government services, designs and manufactures space hardware, and
commercializes space technologies for use on Earth. The Company serves our government and
commercial satellite and spacecraft customers with our pre-launch services from our Astrotech Space
Operations (ASO) subsidiary and incubates space technology businesses now having formed three
companies; the 1st Detect Corporation which is developing a breakthrough mini-mass
spectrometer first developed for the International Space Station; Astrogenetix, Inc. which is
producing biotech products in space and has recently developed a vaccine candidate for Salmonella;
and Airward Corporation which is drawing on its space heritage of sending cargo to space by selling
hazardous material containers for the airline industry.
The statements in this document may contain 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, continued government support and funding for key space programs, product
performance and market acceptance of products and services, as well as other risk factors and
business considerations described in the companys Securities & 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.
FOR MORE INFORMATION:
Scott Haywood
Corporate Marketing and Communications
Astrotech Corporation
512-485-9520
shaywood@astrotechcorp.com
Scott Haywood
Corporate Marketing and Communications
Astrotech Corporation
512-485-9520
shaywood@astrotechcorp.com
Tables Follow
ASTROTECH CORPORATION
Proposal 1 Election of the individuals nominated to serve as directors of the Company
Director | Votes For | Votes Withheld | Broker Non Votes | |||||||||
Thomas B. Pickens III |
10,576,916 | 830,774 | 3,353,186 | |||||||||
Mark Adams |
10,573,829 | 824,861 | 3,353,186 | |||||||||
Lance W. Lord |
10,957,789 | 440,901 | 3,353,186 | |||||||||
John A. Oliva |
10,576,756 | 821,934 | 3,353,186 | |||||||||
William F. Readdy |
10,578,918 | 819,722 | 3,353,186 | |||||||||
Sha-Chelle Manning |
10,572,330 | 826,360 | 3,353,186 |
* | 14,751,876 shares or 77.6% of the Companys Common Stock were present in person or by proxy at the
meeting. |
Proposal 2 Ratification of appointment of PMB Helin Donovan, LLP as independent registered
public accountants for the Company
For Ratification | Against Ratification | Abstain from Voting | Broker Non Votes | |||
14,202,244
|
481,764 | 67,868 | 0 |
* | 14,751,876 shares or 77.6% of the Companys Common Stock were present in person or by proxy at
the meeting. |
Proposal 3 Approving the Astrotech Corporations 2010 Stock Incentive Plan
For Ratification | Against Ratification | Abstain from Voting | Broker Non Votes | |||
4,227,695 | 7,109,174 | 61,821 | 3,353,186 |
* | 14,751,876 shares or 77.6% of the Companys Common Stock were present in person or by proxy at the
meeting. |
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