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Stock Market & Financial Investment News

News Breaks
June 11, 2014
13:30 EDTASTCAstrotech completes organization to own 100% of its subsidiary companies
Astrotech announced that it has completed an internal reorganization and will now own 100% of its subsidiary companies 1st Detect Corporation and Astrogenetix, in which it had previously issued equity grants to employees."This transaction was the right thing to do for our shareholders," said Thomas B. Pickens III, Chairman and CEO of Astrotech. "The subsidiary equity grants were meant to incentivize our employees, however we found that it caused confusion and uncertainty among our shareholders, so we have now simplified our corporate structure."This transaction will restore the ownership by Astrotech shareholders of 100% of the subsidiary companies. Previously, Astrotech owned 86.4% and 83.6% of 1st Detect and Astrogenetix, respectively.
News For ASTC From The Last 14 Days
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September 30, 2014
14:23 EDTASTCAstrotech Corporation files to delay 10-K due to admin error, accepted by SEC
The company said, "Due to an administrative error found within our Segment Information footnote in our Annual Report on Form 10-K shortly before the scheduled filing cutoff time, the company was unable to coordinate with the financial printer in order to correct the error in a timely manner before the filing deadline without unreasonable effort or expense. In order to avoid knowingly filing an incorrect Annual Report on Form 10-K, the Annual Report on Form 10-K was filed shortly thereafter and accepted by the SEC on September 29, 2014 at 20:52 and was deemed filed on September 30, 2014 at 06:00."
September 29, 2014
17:30 EDTASTCAstrotech Corporation reports Q4 EPS (4c) vs. 11c a year ago
Reports Q4 revenue $5.6M vs. $9.2M a year ago.

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