Astrotech (NASDAQ: ASTC) appoints capital markets veteran to its board

Rhea-AI Filing Summary

Astrotech Corporation expanded its Board of Directors and appointed Matt Kreps as a director, effective July 16, 2026. He will serve until the company’s 2026 annual meeting of stockholders and until a successor is elected and qualified or earlier departure. As of this appointment, he has not been assigned to any board committees.

Kreps, aged 49, brings more than 25 years of experience in capital markets and investor relations, including senior roles at HydroGraph Clean Power Inc. and Darrow Associates. Astrotech granted him 2,150 shares of restricted stock under its 2021 Omnibus Equity Incentive Plan, vesting in three equal annual installments. He will receive standard non-employee director compensation, and the company reports no related-party transactions or special arrangements tied to his appointment. A press release dated July 22, 2026 announced the move.

8-K Event Classification

3 items: 5.02, 7.01, 9.01

3 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Appointment date: July 16, 2026 Press release date: July 22, 2026 Director age: 49 years +4 more

7 metrics

Appointment date July 16, 2026 Date the Board appointed Matt Kreps as a director

Press release date July 22, 2026 Date Astrotech announced the appointment publicly

Director age 49 years Age of new director Matt Kreps

Restricted stock grant 2,150 shares Initial equity award to Matt Kreps under the 2021 Omnibus Equity Incentive Plan

Vesting period 3 years Restricted stock vests in three equal annual installments

Experience more than 25 years Capital markets and investor relations experience cited for Matt Kreps

Board term 2026 annual meeting Kreps serves as director until the 2026 annual meeting of stockholders

Key Terms

restricted stock, 2021 Omnibus Equity Incentive Plan, Regulation FD, forward-looking statements, +1 more

5 terms

restricted stock financial

"the Board granted to Mr. Kreps of 2,150 shares of restricted stock under the Company’s 2021"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

2021 Omnibus Equity Incentive Plan financial

"shares of restricted stock under the Company’s 2021 Omnibus Equity Incentive Plan, vesting in"

Regulation FD regulatory

"Item 7.01. Regulation FD Disclosure. On July 22, 2026, the Company issued"

Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.

forward-looking statements regulatory

"This press release contains “forward-looking statements” that are made pursuant to the Safe Harbor"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Private Securities Litigation Reform Act of 1995 regulatory

"pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995"

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FAQ

What board change did Astrotech (ASTC) disclose on July 16, 2026?

Astrotech expanded its Board of Directors and appointed Matt Kreps as a director, effective July 16, 2026. He will serve until the 2026 annual meeting of stockholders, subject to earlier death, resignation, or removal.

Who is Matt Kreps, the new director at Astrotech (ASTC)?

Matt Kreps is a 49-year-old financial and capital markets executive with over 25 years of investor relations and equity capital markets experience, including senior roles at HydroGraph Clean Power Inc. and Darrow Associates Investor Relations.

What equity compensation did Astrotech (ASTC) grant to Matt Kreps?

Astrotech granted Matt Kreps 2,150 shares of restricted stock under its 2021 Omnibus Equity Incentive Plan. The award vests in equal installments on the first three anniversaries of the grant date, subject to the applicable award agreement.

Are there any related-party arrangements linked to Matt Kreps joining Astrotech (ASTC)?

Astrotech states there are no arrangements or understandings with any person under which Matt Kreps was named a director and that he has no material interest in transactions reportable under Item 404(a) of Regulation S-K.

When did Astrotech (ASTC) announce Matt Kreps’s appointment publicly?

Astrotech issued a press release on July 22, 2026 announcing Matt Kreps’s appointment to its Board of Directors. That press release was furnished as Exhibit 99.1 under a Regulation FD disclosure item.

What kind of experience does Matt Kreps bring to Astrotech (ASTC)’s board?

Kreps brings extensive capital markets and investor relations experience, having led programs for publicly traded and over-the-counter companies, with prior senior roles at HydroGraph Clean Power, Darrow Associates, Shelton Group, Magnolia Investor Relations, and Halliburton Investor Relations.

false 0001001907 0001001907 2026-07-16 2026-07-16

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)

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 

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 13.8 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 15.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.3 KB