---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-003615"
form_type: "8-K"
ticker: "ASTC"
cik: "0001001907"
company_name: "ASTROTECH Corp"
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T08:31:19.914644+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Court approves settlement of derivative suit over 2020 certificate amendment; $290k fee awarded

## Summary
- On Feb 13, 2023, Delaware Chancery Court approved settlement of Stein v. Pickens derivative action with prejudice.
- Plaintiff alleged improper broker non-vote inclusion in tabulation for 2020 Certificate Amendment; defect previously remedied via Oct 2021 Validity Order.
- Settlement requires Astrotech to implement corporate governance measures and pay $290,000 for plaintiff's attorneys' fees and expenses.
- Parties deny liability; entry into settlement does not constitute admission of wrongdoing.

## SEC filing metadata
- accession: 0001437749-23-003615
- form_type: 8-K
- ticker: ASTC
- cik: 0001001907
- company_name: ASTROTECH Corp
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001907/000143774923003615/0001437749-23-003615-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001907/000143774923003615/astc20230215_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-003615
- JSON: https://secwatch.observer/filing/0001437749-23-003615.json
- Plain text: https://secwatch.observer/filing/0001437749-23-003615.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.