Scott Bartley
ASTROTECHAbout Scott Bartley
Scott Bartley, age 56, was appointed Interim Chief Financial Officer, Treasurer, and Secretary of Astrotech Corporation on October 27, 2025; the press release notes his appointment was effective October 20, 2025 . He is a CPA and Certified Valuation Analyst, with a BBA and Master of Professional Accounting from the University of Texas at Austin . Prior roles include CFO of Westlake Securities (2008–2011), Assurance Senior Manager at Deloitte & Touche, and consulting CFO/controller roles via Bridgepoint Consulting (since 2018), Tolarus Partners (2013–2015), and Helix Advisors (2011–2013, 2015–2018) . Company performance context: Astrotech’s cumulative TSR proxy metric shows the value of a hypothetical $100 investment fell from 35.49 (FY2023) to 14.51 (FY2025), and net losses widened to $(13.85) million in FY2025, framing pay-for-performance alignment considerations during Bartley’s interim tenure . Revenues and EBITDA trends are shown below for context; Bartley reported zero beneficial ownership on his initial Form 3, which reduces near-term insider selling pressure .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Bridgepoint Consulting | Financial consultant; Interim CFO services | 2018–present | Provided accounting, reporting, fundraising, audit support; engaged by ASTC via Consulting Agreement |
| Westlake Securities (broker-dealer) | Chief Financial Officer | 2008–2011 | Led finance and controls for regulated broker-dealer |
| Deloitte & Touche, LLP | Assurance Senior Manager | Prior to 2008 | Led audit engagements, financial reporting expertise |
| Tolarus Partners | Owner & Managing Director | 2013–2015 | Contract CFO and valuation services to tech, manufacturing, pharma clients |
| Helix Advisors | Owner/Managing Director | 2011–2013; 2015–2018 | Contract CFO and valuation services; multiple sector exposure |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Not disclosed in filings | — | — | No public company directorships or committee roles disclosed for Bartley |
Fixed Compensation
| Component | Terms | Effective Date | Notes |
|---|---|---|---|
| Cash compensation | ~$7,800 per week at $260/hour, ~30 hours/week | Consulting Agreement effective Oct 5, 2025 | Bi-weekly payments; travel expenses split between Bridgepoint and Company |
| Indemnification | Standard form indemnification agreement | Referenced Dec 19, 2024 form | Company indemnifies officers to fullest extent under Delaware law |
| Termination | Two weeks’ written notice by either party | Consulting Agreement | Confidentiality covenants required |
Performance Compensation
| Plan/Metric | Weighting/Threshold | Target/Trigger | Payout & Vesting |
|---|---|---|---|
| Transaction Bonus Plan (company-wide discretionary plan; participants may include certain employees, contractors, outside directors) | Tiered pool based on net proceeds | No pool unless net proceeds ≥ $30M | Cash lump sum within 30 days post-close; pool equals 10% of first $50M, 5% of $50–$100M, 2% above $100M |
| Eligibility & triggers | Administrator selects participants; Good Reason/Cause definitions apply | “Qualifying termination” retains eligibility if deal closes within 6 months | Release required; Section 280G “best net benefit” reduction rules apply |
Note: Bartley serves under a Consulting Agreement and is not disclosed as a participant in the Transaction Bonus Plan; eligibility requires an Administrator-designated Award Letter .
Equity Ownership & Alignment
| Category | Detail |
|---|---|
| Beneficial ownership (non-derivative) | Common stock: 0 shares; Form 3 “No securities are beneficially owned” |
| Derivative securities | None reported on Form 3 |
| Ownership % of outstanding | 0.0% (common shares outstanding 1,769,269 as of Oct 16, 2025) |
| Vested vs unvested equity | None disclosed for Bartley; he is not listed in the beneficial ownership or outstanding awards tables |
| Pledging/Hedging | Company Insider Trading Policy prohibits hedging/short sales; pledges and margin account deposits require pre-approval |
| Stock ownership guidelines | Not disclosed for executives; no guideline multiples specified |
Employment Terms
| Term | Provision |
|---|---|
| Agreement type | Consulting Services Agreement between Astrotech and Bridgepoint Consulting (Bartley providing services) |
| Compensation | ~$7,800 per week; $260/hour; ~30 hours/week |
| Termination | Two weeks’ written notice by either party |
| Confidentiality | Required under Consulting Agreement |
| Indemnification | Standard indemnification agreement in place for officers |
| Non-compete/Non-solicit | Not disclosed for Bartley |
| Severance & CoC | Not disclosed for Bartley; broader clawback policy applies to executive officers |
Company Performance Context
| Metric | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenues (USD) | $750,000 | $1,664,000 | $1,049,000 |
| EBITDA (USD) | $(10,694,000)* | $(12,549,000)* | $(13,772,000)* |
Values retrieved from S&P Global.*
| Metric | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|
| Revenues (USD) | $261,000 | $534,000 | $220,000* | $297,000 |
| EBITDA (USD) | $(4,082,000)* | $(3,620,000)* | $(2,674,000)* | $(3,300,000)* |
Values retrieved from S&P Global.*
| Pay vs Performance (Proxy) | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Value of initial fixed $100 investment based on TSR | 35.49 | 22.31 | 14.51 |
| Net (Loss) Income (USD) | $(9,642,000) | $(11,666,000) | $(13,850,000) |
Insider Filings & Selling Pressure
| Date | Filing | Holdings Disclosed | Notes |
|---|---|---|---|
| Nov 13, 2025 | Form 3 | Common stock: 0; no derivatives; Interim CFO, Treasurer, Secretary | Indicates no current holdings; low immediate selling pressure |
Additional Company Compensation & Governance References
- Clawback policy: Adopted November 2023; requires recovery of erroneously awarded incentive compensation from current/former executive officers for 3 fiscal years preceding a required restatement, regardless of fault .
- Insider Trading Policy: Prohibits hedging/shorting; preclearance required; pledging/margin deposit requires approval .
- Equity award practices: Options generally vest in equal annual installments over three years; restricted stock vests over three years; timing of awards may coincide with corporate events but subject to Committee judgment .
Investment Implications
- Alignment and selling pressure: Bartley reported zero beneficial ownership on Form 3, implying minimal near-term insider selling pressure but also limited “skin-in-the-game” alignment until equity participation is granted or shares are acquired . The Insider Trading Policy’s pre-approval for pledging and prohibition on hedging mitigate alignment risks if/when holdings are established .
- Compensation structure: As a consultant, Bartley’s compensation is predominantly fixed cash with no disclosed annual bonus or equity grants, reducing pay-for-performance linkage versus an employed CFO structure. Potential upside exists if he is designated under the Transaction Bonus Plan, but eligibility is discretionary and not disclosed .
- Retention and transition risk: Two-week termination notice and consulting status indicate flexibility and potential turnover risk in the finance function. Indemnification agreements and clawback policy provide governance safeguards, but the absence of severance/CoC terms for Bartley suggests limited retention economics .
- Execution backdrop: Declining TSR proxy metric and widening net losses frame a challenging operating context. Revenues have been volatile with low absolute scale, and EBITDA materially negative, underscoring the importance of interim CFO execution on cost discipline, capital markets, and any strategic transaction that could activate the Transaction Bonus Plan . Revenues and EBITDA values are from S&P Global.*
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