AUSTIN, Texas, July 1, 2014 /PRNewswire/ -- 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 June 26, 2014.
The shareholders of the Company's common stock re-elected six directors to the Company's Board of Directors. The Board of Directors consists of Thomas B. Pickens III, Mark Adams, John A. Oliva, Sha-Chelle Manning, William F. Readdy, 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 and approved the amendment to the Astrotech Corporation 2011 Stock Incentive Plan to increase the number of authorized shares.
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. 1(st) Detect Corporation is developing what we believe is a breakthrough miniature mass spectrometer, the MMS-1000(TM), 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, 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.
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17,109,715 shares or 87.7% 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 9,519,719 121,108 7,468,888 Mark Adams 9,514,612 126,215 7,468,888 John A. Oliva 9,165,902 474,925 7,468,888 Sha-Chelle Manning 9,506,412 134,415 7,468,888 William F. Readdy 9,172,132 468,695 7,468,888 Daniel T. Russler, Jr. 9,156,732 484,095 7,468,888
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, 2014. This proposal was approved.
FOR AGAINST ABSTAIN BROKER NON- VOTES 16,924,632 149,557 35,526 7,468,888
Proposal 3. To approve the proposed amendment to the 2011 Stock Incentive Plan to increase the number of authorized shares. This proposal was approved.
FOR AGAINST ABSTAIN BROKER NON- VOTES 8,557,105 1,001,776 81,946 7,468,888
SOURCE Astrotech Corporation