secwatch.observer — SEC 8-K summary
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Issuer:     ASTROTECH Corp (ASTC)
CIK:        0001001907
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001437749-25-034514
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001907/000143774925034514/0001437749-25-034514-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001907/000143774925034514/astc20251112_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-034514

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer