Astrotech Announces Annual Meeting of Shareholders
Austin, TX (March 1, 2012) -
Astrotech Corporation (Nasdaq:ASTC), a leading provider of commercial space services, today announced that its Board of Directors has set the date for the Company's Annual Meeting of Shareholders as well as the record date for shareholders eligible to vote at the meeting.
The Annual Shareholders' Meeting will be held on Thursday, March 29, 2012 at 9:00 am (Central Time) at the Company's Corporate Headquarters, located at 401 Congress Avenue, Suite 1650 in Austin, Texas. Shareholders of record as of the close of business on February 8, 2012 will be eligible to vote at the meeting.
The items of business are:
1. election of directors;
2. ratify Ernst & Young LLP as independent auditors;
3. approve a reverse stock split of the Company's common stock in a ratio to be determined by the Board of Directors; and
4. transact any other business properly brought before the meeting.
Additional information about the Annual Meeting is contained in the definitive proxy statement (SEC Form DEF-14A) filed with the U.S. Securities and Exchange Commission March 1, 2012 and in the proxy materials that will be mailed to Astrotech's shareholders on or about March 1, 2012.
Because many Astrotech shareholders are unable to attend the Annual Meeting, the Board of Directors solicits proxies to give each shareholder an opportunity to vote on all matters scheduled to come before the meeting as set forth in the proxy statement. Voting can be completed by returning the proxy card via mail, by calling 1-866-390-5376 or by going online at www.proxypush.com/ASTC. All proxies voted by internet or telephone must be submitted by 5:00 p.m. (Eastern Time) on March 28, 2012 in order to be counted.
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 Astrotech Space Operations 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.
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Chief Financial Officer