[8-K] Astrotech Corporation (DE) Reports Material Event
Astrotech Corporation announced the appointment of Nihanth Badugu as Chief Operating Officer, effective August 13, 2025. Mr. Badugu, age 37, has served as the company鈥檚 Director of Program Management since August 2023 and previously held program and NPI management roles at Thermo Fisher Scientific and PVA Consulting Group. The Compensation Committee set his annual base salary at $225,000 and awarded 5,000 stock options with a strike price equal to the closing price on August 13, 2025; vesting will follow a schedule determined by the Committee tied to performance and retention. He is eligible for an annual performance bonus equal to 25% of base salary ($56,250), which is doubled if gross margin targets are met, with potential additional bonuses for outperformance. The filing states there are no related-party transactions or family relationships requiring disclosure.
Astrotech Corporation ha nominato Nihanth Badugu Chief Operating Officer, con decorrenza dal 13 agosto 2025. Il sig. Badugu, 37 anni, ricopre il ruolo di Director of Program Management in azienda dal agosto 2023 e in precedenza ha svolto incarichi di gestione di programma e NPI presso Thermo Fisher Scientific e PVA Consulting Group. Il Comitato per la Remunerazione ha fissato il suo salario base annuo a $225.000 e gli ha assegnato 5.000 opzioni su azioni con prezzo di esercizio pari al prezzo di chiusura del 13 agosto 2025; il consolidamento (vesting) seguir脿 un calendario stabilito dal Comitato e legato a risultati e retention. Ha diritto a un bonus di performance annuale pari al 25% del salario base ($56.250), raddoppiabile al raggiungimento degli obiettivi di margine lordo, con possibilit脿 di ulteriori premi per prestazioni eccellenti. La comunicazione precisa che non ci sono operazioni tra parti correlate n茅 rapporti familiari da dichiarare.
Astrotech Corporation anunci贸 el nombramiento de Nihanth Badugu como Chief Operating Officer, con efecto a partir del 13 de agosto de 2025. El Sr. Badugu, de 37 a帽os, ha sido Director de Program Management de la compa帽铆a desde agosto de 2023 y anteriormente ocup贸 puestos de gesti贸n de programas y NPI en Thermo Fisher Scientific y PVA Consulting Group. El Comit茅 de Compensaci贸n fij贸 su salario base anual en $225.000 y le otorg贸 5.000 opciones sobre acciones con precio de ejercicio igual al precio de cierre del 13 de agosto de 2025; la consolidaci贸n (vesting) seguir谩 un calendario determinado por el Comit茅 ligado a desempe帽o y retenci贸n. Tiene derecho a un bono anual por desempe帽o igual al 25% del salario base ($56.250), que se duplica si se cumplen las metas de margen bruto, con posibles bonos adicionales por sobrecumplimiento. La presentaci贸n indica que no existen transacciones con partes vinculadas ni relaciones familiares que deban divulgarse.
Astrotech Corporation電� 2025雲� 8鞗� 13鞚茧秬搿� Nihanth Badugu毳� 斓滉碃鞖挫榿毂呾瀯鞛�(Chief Operating Officer)搿� 鞛勲獏頄堧嫟瓿� 氚滍憸頄堨姷雼堧嫟. Badugu 鞌�(37靹�)電� 2023雲� 8鞗旊秬韯� 須岇偓鞚� 頂勲攴鸽灗 甏�毽� 雼措嫻 鞚挫偓(Director of Program Management)毳� 鞐瀯頄堨溂氅�, 鞚挫爠鞐愲姅 Thermo Fisher Scientific瓿� PVA Consulting Group鞐愳劀 頂勲攴鸽灗 氚� NPI 甏�毽� 鞐暊鞚� 靾橅枆頄堨姷雼堧嫟. 氤挫儊鞙勳洂須岆姅 攴胳潣 鞐瓣皠 旮半掣旮夓潉 $225,000搿� 毂呾爼頃橁碃, 頄夓偓臧�瓴╈潉 2025雲� 8鞗� 13鞚� 膦呹皜鞕� 霃欖澕頃橁矊 頃� 5,000欤� 鞀ろ啞鞓奠厴鞚� 攵�鞐枅鞀惦媹雼�. 氩犾姢韺呾潃 鞙勳洂須岅皜 靹标臣 氚� 鞙犾鞕� 鞐瓣硠頃� 鞝曧暅 鞚检爼鞐� 霐半雼堧嫟. 攴鸽姅 鞐瓣皠 靹标臣氤措剤鞀�(旮半掣旮夓潣 25%($56,250))毳� 氚涭潉 鞛愱博鞚� 鞛堨溂氅�, 齑濍歆� 氇╉憸臧� 雼劚霅橂┐ 氤措剤鞀り皜 霊� 氚瓣皜 霅橁碃, 靹标臣 齑堦臣 鞁� 於旉皜 氤措剤鞀る弰 歆�旮夒悹 靾� 鞛堨姷雼堧嫟. 鞝滌稖靹滊鞐愲姅 甏�霠� 雼轨偓鞛� 瓯半灅雮� 瓿店皽臧� 頃勳殧頃� 臧�臁� 甏�瓿勱皜 鞐嗠嫟瓿� 氇呾嫓霅橃柎 鞛堨姷雼堧嫟.
Astrotech Corporation a annonc茅 la nomination de Nihanth Badugu au poste de Chief Operating Officer, 脿 compter du 13 ao没t 2025. M. Badugu, 37 ans, occupe le poste de Director of Program Management au sein de la soci茅t茅 depuis ao没t 2023 et a pr茅c茅demment exerc茅 des fonctions de gestion de programmes et de NPI chez Thermo Fisher Scientific et PVA Consulting Group. Le comit茅 de r茅mun茅ration a fix茅 son salaire de base annuel 脿 225 000 $ et lui a attribu茅 5 000 options avec un prix d鈥檈xercice 茅gal au cours de cl么ture du 13 ao没t 2025 ; la p茅riode d鈥檃cquisition (vesting) suivra un calendrier d茅termin茅 par le comit茅, li茅 脿 la performance et 脿 la r茅tention. Il est 茅ligible 脿 une prime de performance annuelle 茅gale 脿 25 % du salaire de base (56 250 $), doubl茅e en cas d鈥檃tteinte des objectifs de marge brute, avec des primes suppl茅mentaires possibles en cas de surperformance. Le d茅p么t indique qu鈥檌l n鈥檈xiste ni op茅rations entre parties li茅es ni relations familiales 脿 d茅clarer.
Die Astrotech Corporation gab die Ernennung von Nihanth Badugu zum Chief Operating Officer mit Wirkung zum 13. August 2025 bekannt. Herr Badugu, 37 Jahre alt, ist seit August 2023 Director of Program Management des Unternehmens und hatte zuvor Programm- und NPI-Management-Positionen bei Thermo Fisher Scientific und PVA Consulting Group inne. Das Verg眉tungskomitee legte sein j盲hrliches Grundgehalt auf $225.000 fest und gew盲hrte ihm 5.000 Aktienoptionen mit einem Aus眉bungspreis, der dem Schlusskurs vom 13. August 2025 entspricht; die Vesting-Regelung wird vom Komitee in Verbindung mit Leistung und Bindung festgelegt. Er hat Anspruch auf einen j盲hrlichen Leistungsbonus in H枚he von 25% des Grundgehalts ($56.250), der bei Erreichen der Bruttomargen-Ziele verdoppelt wird, sowie auf m枚gliche Zusatzboni f眉r 脺bererf眉llung. In der Meldung hei脽t es, dass keine Transaktionen mit nahestehenden Parteien oder anzeigepflichtigen famili盲ren Beziehungen vorliegen.
- Internal promotion to COO from Director of Program Management provides continuity in operations leadership
- Compensation structure is performance-linked: base salary, options, and bonuses tied to revenue and gross margin targets
- Equity grant (5,000 options) aligns executive incentives with shareholder outcomes
- None.
Insights
TL;DR: Appointment strengthens operations with performance-linked compensation, but no financial impact metrics disclosed.
The appointment formalizes a recent internal promotion to a C-suite role, aligning executive pay with performance through salary, options, and defined bonus multipliers. The disclosed compensation鈥�$225,000 base, 5,000 options, and a 25% bonus (doubled for gross margin achievement)鈥攖ies incentives to revenue and margin outcomes. The filing does not provide estimates of expense recognition, option valuation, or potential dilution, so material financial effects on guidance, margins, or share count cannot be assessed from the disclosure alone.
TL;DR: Governance appears standard: committee-approved pay, no related-party ties disclosed, vesting tied to retention and performance.
The Compensation Committee approved the package and specified performance-linked vesting, which is consistent with best practices for aligning management incentives. The filing explicitly notes absence of family relationships and no transactions requiring Item 404 disclosure, reducing immediate related-party governance concerns. The document omits the detailed vesting schedule and specific performance thresholds, limiting investor visibility into long-term alignment and potential future expense recognition.
Astrotech Corporation ha nominato Nihanth Badugu Chief Operating Officer, con decorrenza dal 13 agosto 2025. Il sig. Badugu, 37 anni, ricopre il ruolo di Director of Program Management in azienda dal agosto 2023 e in precedenza ha svolto incarichi di gestione di programma e NPI presso Thermo Fisher Scientific e PVA Consulting Group. Il Comitato per la Remunerazione ha fissato il suo salario base annuo a $225.000 e gli ha assegnato 5.000 opzioni su azioni con prezzo di esercizio pari al prezzo di chiusura del 13 agosto 2025; il consolidamento (vesting) seguir脿 un calendario stabilito dal Comitato e legato a risultati e retention. Ha diritto a un bonus di performance annuale pari al 25% del salario base ($56.250), raddoppiabile al raggiungimento degli obiettivi di margine lordo, con possibilit脿 di ulteriori premi per prestazioni eccellenti. La comunicazione precisa che non ci sono operazioni tra parti correlate n茅 rapporti familiari da dichiarare.
Astrotech Corporation anunci贸 el nombramiento de Nihanth Badugu como Chief Operating Officer, con efecto a partir del 13 de agosto de 2025. El Sr. Badugu, de 37 a帽os, ha sido Director de Program Management de la compa帽铆a desde agosto de 2023 y anteriormente ocup贸 puestos de gesti贸n de programas y NPI en Thermo Fisher Scientific y PVA Consulting Group. El Comit茅 de Compensaci贸n fij贸 su salario base anual en $225.000 y le otorg贸 5.000 opciones sobre acciones con precio de ejercicio igual al precio de cierre del 13 de agosto de 2025; la consolidaci贸n (vesting) seguir谩 un calendario determinado por el Comit茅 ligado a desempe帽o y retenci贸n. Tiene derecho a un bono anual por desempe帽o igual al 25% del salario base ($56.250), que se duplica si se cumplen las metas de margen bruto, con posibles bonos adicionales por sobrecumplimiento. La presentaci贸n indica que no existen transacciones con partes vinculadas ni relaciones familiares que deban divulgarse.
Astrotech Corporation電� 2025雲� 8鞗� 13鞚茧秬搿� Nihanth Badugu毳� 斓滉碃鞖挫榿毂呾瀯鞛�(Chief Operating Officer)搿� 鞛勲獏頄堧嫟瓿� 氚滍憸頄堨姷雼堧嫟. Badugu 鞌�(37靹�)電� 2023雲� 8鞗旊秬韯� 須岇偓鞚� 頂勲攴鸽灗 甏�毽� 雼措嫻 鞚挫偓(Director of Program Management)毳� 鞐瀯頄堨溂氅�, 鞚挫爠鞐愲姅 Thermo Fisher Scientific瓿� PVA Consulting Group鞐愳劀 頂勲攴鸽灗 氚� NPI 甏�毽� 鞐暊鞚� 靾橅枆頄堨姷雼堧嫟. 氤挫儊鞙勳洂須岆姅 攴胳潣 鞐瓣皠 旮半掣旮夓潉 $225,000搿� 毂呾爼頃橁碃, 頄夓偓臧�瓴╈潉 2025雲� 8鞗� 13鞚� 膦呹皜鞕� 霃欖澕頃橁矊 頃� 5,000欤� 鞀ろ啞鞓奠厴鞚� 攵�鞐枅鞀惦媹雼�. 氩犾姢韺呾潃 鞙勳洂須岅皜 靹标臣 氚� 鞙犾鞕� 鞐瓣硠頃� 鞝曧暅 鞚检爼鞐� 霐半雼堧嫟. 攴鸽姅 鞐瓣皠 靹标臣氤措剤鞀�(旮半掣旮夓潣 25%($56,250))毳� 氚涭潉 鞛愱博鞚� 鞛堨溂氅�, 齑濍歆� 氇╉憸臧� 雼劚霅橂┐ 氤措剤鞀り皜 霊� 氚瓣皜 霅橁碃, 靹标臣 齑堦臣 鞁� 於旉皜 氤措剤鞀る弰 歆�旮夒悹 靾� 鞛堨姷雼堧嫟. 鞝滌稖靹滊鞐愲姅 甏�霠� 雼轨偓鞛� 瓯半灅雮� 瓿店皽臧� 頃勳殧頃� 臧�臁� 甏�瓿勱皜 鞐嗠嫟瓿� 氇呾嫓霅橃柎 鞛堨姷雼堧嫟.
Astrotech Corporation a annonc茅 la nomination de Nihanth Badugu au poste de Chief Operating Officer, 脿 compter du 13 ao没t 2025. M. Badugu, 37 ans, occupe le poste de Director of Program Management au sein de la soci茅t茅 depuis ao没t 2023 et a pr茅c茅demment exerc茅 des fonctions de gestion de programmes et de NPI chez Thermo Fisher Scientific et PVA Consulting Group. Le comit茅 de r茅mun茅ration a fix茅 son salaire de base annuel 脿 225 000 $ et lui a attribu茅 5 000 options avec un prix d鈥檈xercice 茅gal au cours de cl么ture du 13 ao没t 2025 ; la p茅riode d鈥檃cquisition (vesting) suivra un calendrier d茅termin茅 par le comit茅, li茅 脿 la performance et 脿 la r茅tention. Il est 茅ligible 脿 une prime de performance annuelle 茅gale 脿 25 % du salaire de base (56 250 $), doubl茅e en cas d鈥檃tteinte des objectifs de marge brute, avec des primes suppl茅mentaires possibles en cas de surperformance. Le d茅p么t indique qu鈥檌l n鈥檈xiste ni op茅rations entre parties li茅es ni relations familiales 脿 d茅clarer.
Die Astrotech Corporation gab die Ernennung von Nihanth Badugu zum Chief Operating Officer mit Wirkung zum 13. August 2025 bekannt. Herr Badugu, 37 Jahre alt, ist seit August 2023 Director of Program Management des Unternehmens und hatte zuvor Programm- und NPI-Management-Positionen bei Thermo Fisher Scientific und PVA Consulting Group inne. Das Verg眉tungskomitee legte sein j盲hrliches Grundgehalt auf $225.000 fest und gew盲hrte ihm 5.000 Aktienoptionen mit einem Aus眉bungspreis, der dem Schlusskurs vom 13. August 2025 entspricht; die Vesting-Regelung wird vom Komitee in Verbindung mit Leistung und Bindung festgelegt. Er hat Anspruch auf einen j盲hrlichen Leistungsbonus in H枚he von 25% des Grundgehalts ($56.250), der bei Erreichen der Bruttomargen-Ziele verdoppelt wird, sowie auf m枚gliche Zusatzboni f眉r 脺bererf眉llung. In der Meldung hei脽t es, dass keine Transaktionen mit nahestehenden Parteien oder anzeigepflichtigen famili盲ren Beziehungen vorliegen.
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Description
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99.1
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Press Release, issued August 18, 2025 (furnished pursuant to Item 7.01).
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104
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Date: August 18, 2025
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Astrotech Corporation
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Name: Thomas B. Pickens III
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Chief Executive Officer, Chief Technology
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FAQ
Who was appointed COO of Astrotech Corporation (ASTC)?
What is Mr. Badugu鈥檚 base salary at Astrotech (ASTC)?
What equity and bonus compensation did Astrotech (ASTC) grant to the new COO?
Are there any related-party transactions or family relationships disclosed for the new COO at ASTC?
Does the filing specify the vesting schedule or performance thresholds for the COO鈥檚 options at Astrotech?
