ASTC Astrotech Corporation

Item 5.07         Submission of Matters to a Vote of Security Holders

 

On November 15, 2022, Astrotech Corporation (the “Company”) held its annual meeting of shareholders (the “Meeting”), pursuant to notice duly given, at 2105 Donley Drive, Suite 100, Austin, Texas 78758. Of the 50,630,849 shares of common stock entitled to vote at the Meeting, 34,682,928 shares were present in person or by proxy. The matters voted upon at the Meeting and the results of such voting are set forth below:

 

Proposal 2 - Ratification of Selection of Independent Registered Public Accounting Firm

 

By the votes reflected below, our shareholders ratified the appointment of Armanino, LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2023:

 

 

Proposal 3 – Approval of Reverse Stock Split

 

By the votes reflected below, our shareholders approved (a) authorization to our Board of Directors (the “Board”) to effect, in its discretion prior to December 31, 2022, a reverse stock split of all of our issued and outstanding common stock at a specific ratio, ranging from one-for-five to one-for-thirty, with the timing and ratio to be determined by the Board, and (b) a corresponding amendment to the Company’s certificate of incorporation to effect the reverse stock split:

 

 

Proposal 4 – Adjournment to Solicit Additional Proxies

 

By the votes reflected below, our shareholders approved an adjournment of the Meeting to a later date or dates, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the Meeting to approve Proposal Three; however, an adjournment of the Meeting to a later date is not necessary in light of the approval of Proposal Three.