8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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) June 4, 2009

Astrotech Corporation

(Exact name of registrant as specified in its charter)

Washington	000-27206	91-1273737
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)
907 Gemini Street, Houston, Texas		77058
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code (713) 558-5000

(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):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 1 – Registrant’s Business and Operations

Item 1.02 Termination of a Material Definitive Agreement.

The information under Item 5.02 of this Current Report on Form 8-K is incorporated by reference into this Item 1.02.

Section 5 – Corporate Governance and Management

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective as of June 4, 2009, Brian K. Harrington resigned as Senior Vice President, Chief Financial Officer, Treasurer and Secretary of Astrotech Corporation (the “Company”).  In connection with his resignation, Mr. Harrington and the Company agreed to terminate his employment agreement, dated October 6, 2008.  In addition, the Company agreed to provide Mr. Harrington the separation benefits provided for under the employment agreement.

The Board of Directors expresses its gratitude for Mr. Harrington’s contributions to the Company and the value he has helped create for shareholders and employees as the Company has returned to profitability.  John Porter, Astrotech Corporation’s Senior Vice President, will serve as the Interim CFO as the Company searches for Mr. Harrington’s successor.

Mr. Harrington has agreed to serve as a consultant to the Company through October 2009.

Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d)  Exhibits.  The following exhibits are filed herewith:

Exhibit Number	Title of Document
99.1	Press Release dated as of June 8, 2009.

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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.

	Astrotech Corporation
Date: June 9, 2009
	By:	/s/ Thomas B. Pickens, III
		Thomas B. Pickens, III
		Chairman and Chief Executive Officer

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Exhibit Index

Exhibit No.	Description
99.1	Press Release dated as of June 8, 2009.

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EX-99.1

Exhibit 99.1

	Astrotech Corporation
	907 Gemini Street
	Houston, Texas 77058-2762
	1.713.558.5000
	fax:  1.713.558.5960
	www.astrotechcorp.com

FOR IMMEDIATE RELEASE

ASTROTECH CORPORATION ANNOUNCES CHIEF FINANCIAL OFFICER RESIGNATION

Houston, Texas, June 08, 2009 – Astrotech Corporation (NASDAQ: ASTC) today announced that Brian K. Harrington has resigned as Senior Vice President, Chief Financial Officer, Treasurer and Secretary effective June 04, 2009.  John Porter, Astrotech Corporation’s Senior Vice President, will serve as the Company’s Interim CFO as the Company searches for Mr. Harrington’s successor.

“On behalf of the Board of Directors, I express my gratitude for Mr. Harrington’s contributions to the Company and the value he has helped create for shareholders and employees as the Company has returned to profitability,” said Thomas B. Pickens III, Astrotech’s Chairman and Chief Executive Officer.

In connection with his resignation, Mr. Harrington and the Company agreed to terminate his employment agreement, dated October 6, 2008 and the Company agreed to provide Mr. Harrington the separation benefits provided for under the employment agreement. In addition, Mr. Harrington will serve as a consultant to the Company through October 2009.

About Astrotech Corporation

Astrotech is one of the first commercial space companies and remains a strong entrepreneurial leader in the aerospace industry.  The Company serves our government and commercial satellite and spacecraft customers with our pre-launch services from our Astrotech Space Operations (ASO) subsidiary and incubates space technology businesses now having formed three companies; the 1st Detect Corporation which is developing a breakthrough mini-mass spectrometer first developed for the International Space Station; Astrogenetix, Inc. is producing biotech products in space and has recently developed a vaccine candidate for Salmonella; and Airward Corporation is drawing on its space heritage of sending cargo to space and is selling hazardous material containers for the airline industry.

The statements in this document may contain 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 factors include, but are not limited to, continued government support and funding for key space programs, product performance and market acceptance of products and services, as well as other risk factors and business considerations described in the company’s Securities & Exchange Commission filings including the annual report on Form 10-K. Any forward-looking statements in this document should be evaluated in light of these important risk factors. The Company assumes no obligation to update these forward-looking statements.

FOR MORE INFORMATION:

Scott Haywood

Corporate Marketing and Communications

Astrotech Corporation

512.485.9520

shaywood@astrotechcorp.com

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