Astrotech Announces Results of Annual Meeting of Shareholders
May 01 2013 - 7:00AM
Astrotech Corporation (Nasdaq:ASTC), a leading provider of
commercial aerospace services, today announced the results of the
Company's Annual Meeting of Shareholders held on April 26, 2013.
The shareholders of the Company's common stock re-elected six
directors to the Company's Board of Directors. The Board of
Directors now consists of Thomas B. Pickens III, Mark E. Adams,
John A. Oliva, William F. Readdy, Sha-Chelle Manning and Daniel T.
Russler, Jr.
In addition to electing the board of directors, Astrotech
shareholders ratified the appointment of Ernst & Young, LLP as
independent auditors for the Company, approved the compensation of
our named executives ("Say-on-Pay") and approved the frequency of
future Say-on-Pay votes to be every 3 years.
Tabular presentation of the voting results from the Annual
Meeting of Shareholders follows the text of this press release.
About Astrotech Corporation
Astrotech is one of the first space commerce companies and
remains a strong entrepreneurial force in the aerospace industry.
We are leaders in identifying, developing and marketing space
technology for commercial use. Our ASO business unit serves our
government and commercial satellite and spacecraft customers with
pre-launch services on the eastern and western range. 1st Detect
Corporation is developing what we believe is a breakthrough
miniature mass spectrometer, while Astrogenetix, Inc. is a
biotechnology company utilizing microgravity as a research platform
for drug discovery and development.
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, continued government support and funding for key space
programs, the ability to expand ASO, the availability of capital
for reinvestment in growth initiatives, product performance and
market acceptance of 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.
Tables Follow
16,384,665 shares or 84.08% of the Company's Common Stock were
present in person or by proxy at the meeting.
Proposal 1. To elect six directors to the Board of Directors of
the Company to serve for the respective terms prescribed by the
Company's bylaws. All director nominees were duly elected.
|
FOR |
WITHHELD |
BROKER |
|
|
|
NON-VOTES |
Thomas B. Pickens III |
7,966,126 |
2,706,860 |
5,711,679 |
Mark E. Adams |
7,716,717 |
2,956,269 |
5,711,679 |
John A. Oliva |
8,026,260 |
2,646,726 |
5,711,679 |
Sha-Chelle Manning |
8,028,770 |
2,644,216 |
5,711,679 |
William F. Readdy |
9,102,209 |
1,570,777 |
5,711,679 |
Daniel T. Russler, Jr. |
8,029,535 |
2,643,451 |
5,711,679 |
Proposal 2. To ratify the appointment of Ernst & Young,
LLP as independent registered public accounting firm for the
Company's fiscal year ending June 30, 2013. This proposal was
approved.
|
|
|
|
|
|
FOR |
AGAINST |
ABSTAIN |
16,003,366 |
97,732 |
283,567 |
|
|
|
Proposal 3. To conduct an advisory vote on our executive
compensation (the "Say-on-Pay" vote). This proposal was
approved.
|
|
|
|
|
|
|
|
FOR |
AGAINST |
ABSTAIN |
BROKER NON-
VOTES |
9,489,455 |
1,102,979 |
80,551 |
5,711,680 |
Proposal 4. To conduct an advisory vote on the frequency of
future Say-on-Pay votes (the "Say-on-Frequency" vote). Based upon
the results set forth below, the Board of Directors has determined
that advisory votes on executive compensation will be submitted to
stockholders every three years until the next required advisory
vote on the frequency of shareholder votes on executive
compensation.
|
|
|
|
|
1 Year |
2 Years |
3 Years |
ABSTAIN |
BROKER NON-
VOTES |
4,275,365 |
288,041 |
6,042,819 |
66,760 |
5,711,680 |
CONTACT: Carlisle Kirkpatrick
Chief Financial Officer
Astrotech Corporation
512.485.9530
IR@astrotechcorp.com
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