Form 8-K
8-K — ASTROTECH Corp
Accession: 0001437749-26-024046
Filed: 2026-07-22
Period: 2026-07-16
CIK: 0001001907
SIC: 3826 (LABORATORY ANALYTICAL INSTRUMENTS)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — astc20260721_8k.htm (Primary)
EX-99.1 — EXHIBIT 99.1 (ex_991454.htm)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): July 16, 2026
Astrotech Corporation
(Exact Name of Registrant as Specified in Charter)
Delaware
001-34426
91-1273737
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
1817 W. Braker Lane, Suite 400, Austin, Texas
78758
(Address of Principal Executive Offices)
(Zip Code)
(512) 485-9530
Registrant’s Telephone Number, Including Area Code
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Common Stock, $0.001 par value per share
ASTC
NASDAQ Stock Market, LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 16, 2026, the Board of Directors (the “Board”) of Astrotech Corporation (the “Company”) increased the size of the Board from six directors to seven directors and appointed Matthew Kreps to the Board to serve as a director until the Company’s 2026 annual meeting of stockholders and until his successor is duly elected and qualified or until his earlier death, resignation, or removal. As of the date of this filing, Mr. Kreps has not been appointed to any committees of the Board.
Matt Kreps, 49, is a financial and capital markets executive with more than 25 years of experience leading investor relations and equity capital markets programs for publicly traded companies and companies trading on the over-the-counter markets. Since November 2024, Mr. Kreps has served as Senior Vice President of Capital Markets and Investor Relations of HydroGraph Clean Power Inc. (CSE: HG; OTCQB: HGRAF). Additionally, since 2016, Mr. Kreps has served as Managing Director at Darrow Associates Investor Relations. Before joining Darrow Associates in 2016, Mr. Kreps held senior investor relations roles at Shelton Group from 2009 to 2016, Magnolia Investor Relations from 2007 to 2009, and Halliburton Investor Relations from 2001 to 2007. Mr. Kreps received his Executive MBA in Global Leadership from The University of Texas at Dallas and a Bachelor of Science in Mass Communications from Kansas State University.
The Company believes Mr. Kreps is qualified to serve as a director of the Company because of his extensive experience in capital markets, investor relations, corporate governance and shareholder engagement.
Mr. Kreps will receive the Company’s standard compensation for non-employee directors, which is described in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on October 28, 2025. In connection with his appointment, the Board granted to Mr. Kreps of 2,150 shares of restricted stock under the Company’s 2021 Omnibus Equity Incentive Plan, vesting in equal installments on the first three anniversaries of the date of grant, subject to the terms and conditions of the applicable restricted stock award agreement. There are no arrangements or understandings between Mr. Kreps and any other person pursuant to which Mr. Kreps was named a director of the Company. Mr. Kreps does not have any direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K.
Item 7.01. Regulation FD Disclosure.
On July 22, 2026, the Company issued a press release announcing the appointment of Mr. Kreps to the Board. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (the “Current Report”).
The information set forth under Item 7.01 of this Current Report, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section. The information in Item 7.01 of this Current Report, including Exhibit 99.1, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any incorporation by reference language in any such filing, except as expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No.
Description
99.1
Press Release, dated July 22, 2026, issued by Astrotech Corporation.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 22, 2026
Astrotech Corporation
By:
/s/ Thomas B. Pickens III
Name: Thomas B. Pickens III
Chief Executive Officer, Chief Technology Officer and Chairman of the Board
(Principal Executive Officer and Principal Financial Officer)
EX-99.1 — EXHIBIT 99.1
EX-99.1
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Exhibit 99.1
ASTROTECH APPOINTS MATT KREPS TO BOARD OF DIRECTORS
Austin, Texas – July 22, 2026 – Astrotech Corporation (Nasdaq: ASTC) announced today that it has increased the size of its Board of Directors from five to six directors and has appointed Matt Kreps as a director of the Company. Mr. Kreps brings to Astrotech’s Board extensive financial and capital markets experience leading investor relations and equity capital markets programs for publicly traded companies and companies across multiple exchanges and jurisdictions.
Mr. Kreps stated, “I am honored to join the Board of Astrotech. I look forward to working closely with my fellow Board members to support the Company’s strategic objectives as it continues to advance its lunar resource development initiatives.”
Mr. Kreps has served as Senior Vice President of Capital Markets and Investor Relations of HydroGraph Clean Power Inc. (CSE: HG; OTCQB: HGRAF). Additionally, since 2016, Mr. Kreps has served as Managing Director at Darrow Associates Investor Relations. Before joining Darrow Associates in 2016, Mr. Kreps held senior investor relations roles at Shelton Group from 2009 to 2016, Magnolia Investor Relations from 2007 to 2009, and Halliburton Investor Relations from 2001 to 2007. Mr. Kreps received his Executive MBA in Global Leadership from The University of Texas at Dallas and a Bachelor of Science in Mass Communications from Kansas State University
“We are pleased to welcome Matt to the Astrotech Board. Matt’s extensive background in the equity capital markets and long-standing relationships across the institutional investor community will help us communicate our strategy clearly, expand our shareholder base, and enhance long-term engagement with investors and analysts,” stated Thomas B. Pickens III, Chairman and CEO of Astrotech. “As Astrotech continues executing on its next phase of growth, we are confident that Matt will bring the investor community’s perspective directly into the boardroom – a unique and valuable vantage point. We look forward to Matt’s guidance and perspective as the Company continues to pursue its goals in the mass-spec industry.”
About Astrotech Corporation
Astrotech Corporation is an instrumentation company that that creates, operates, and scales innovative businesses through its wholly owned subsidiaries.
●
1st Detect develops, manufactures, and markets trace detection systems for explosives and narcotics.
●
AgLAB designs process analyzers tailored to the processing of biomass essential oils.
●
Pro-Control produces solutions using proprietary gas chromatography/mass spec chemical autonomous process control that is ideal for both the moon and earth.
●
EN-SCAN, Inc. delivers portable, ruggedized environmental GC-MS for on-site testing of air, water and soil.
Astrotech is currently evaluating opportunities to identify, develop, and commercialize advanced technologies with applications in space, defense, industrial, and related markets.
Astrotech is headquartered in Austin, Texas. For more information, visit www.astrotechcorp.com.
Forward-Looking Statements
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 statements may be identified by terms such as “aims,” “anticipates,” “believes,” “contemplates,” “continue,” “could,” “estimates,” “expect,” “forecast,” “guidance,” “intends,” “may,” “plans,” “possible,” “potential,” “predicts,” “preliminary,” “projects,” “seeks,” “should,” “targets,” “will” or “would,” or the negatives of these terms, variations of these terms or other similar expressions. Forward-looking statements are based on current expectations, estimates, forecasts, and projections, as well as management's current beliefs and assumptions, and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, the early-stage nature of the lunar initiative; technical, engineering, regulatory, financial, operational, market, and commercial risks; the availability and cost of lunar transportation and launch services; the Company's ability to secure strategic partners, customers, government support, or financing; the uncertain timing and development of lunar resource markets; risks associated with autonomous lunar operations and advanced technology development; the adverse impact of inflationary pressures, including significant increases in fuel costs, global economic conditions and events related to these conditions, including the ongoing wars in Ukraine and the middle east, the Company’s use of proceeds from the common stock offerings, whether we can successfully complete the development of our new products and proprietary technologies, whether we can obtain the FDA and other regulatory approvals required to market our products under development in the United States or abroad, whether the market will accept our products and services and whether we are successful in identifying, completing and integrating acquisitions, as well as other risk factors and business considerations described in the Company’s Securities and Exchange Commission filings including the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Any forward-looking statements in this document should be evaluated in light of these important risk factors. While we do not intend to directly harvest, manufacture, distribute or sell cannabis or cannabis products, we may be detrimentally affected by a change in enforcement by federal or state governments and we may be subject to additional risks in connection with the evolving regulatory area and associated uncertainties. Any such effects may give rise to risks and uncertainties that are currently unknown or amplify others mentioned herein. Although the Company believes the expectations reflected in its forward-looking statements are reasonable and are based on reasonable assumptions, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. Moreover, such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. In addition, any forward-looking statements included in this press release represent the Company’s views only as of the date of its publication and should not be relied upon as representing its views as of any subsequent date. The Company assumes no obligation to correct or update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
Company Contact: Scott Bartley, Interim Chief Financial Officer, Astrotech Corporation, (512) 485-9530
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