---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-034514"
form_type: "8-K"
ticker: "ASTC"
cik: "0001001907"
company_name: "ASTROTECH Corp"
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T20:47:36.306570+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Astrotech adopts transaction bonus plan up to 10% of net proceeds; CFO separation with $122,795 payment

## Summary
- Transaction Bonus Plan approved: bonus pool equals 10% of first $50M net proceeds, 5% of $50-100M, 2% over $100M; minimum $30M net proceeds to activate.
- CFO Jennifer Canas resigned Oct 17; separation agreement provides $122,795 cash payment and COBRA through April 30, 2026.
- Participants forfeit bonus if they leave before qualifying transaction closes, except for qualifying termination within 6 months pre-close.
- Plan effective until earlier of 5 years or Board termination; payment in cash within 30 days after closing, subject to release.

## SEC filing metadata
- accession: 0001437749-25-034514
- form_type: 8-K
- ticker: ASTC
- cik: 0001001907
- company_name: ASTROTECH Corp
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001907/000143774925034514/0001437749-25-034514-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001907/000143774925034514/astc20251112_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-034514
- JSON: https://secwatch.observer/filing/0001437749-25-034514.json
- Plain text: https://secwatch.observer/filing/0001437749-25-034514.txt

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