Latest news with #AstroNova
Business Wire
30-06-2025
- Business
- Business Wire
AstroNova Announces Executive Leadership Change
WEST WARWICK, R.I.--(BUSINESS WIRE)-- AstroNova, Inc. (Nasdaq: ALOT), a leading innovator in data visualization technology, announced today that Darius G. Nevin, a member of the AstroNova Board of Directors, has been appointed as Interim President and Chief Executive Officer, effective June 29, 2025. The Board will initiate a search for a successor to former President and Chief Executive Officer, Gregory A. Woods, who resigned from the role. The search will evaluate both internal and external candidates. Richard S. Warzala, Lead Independent Director of AstroNova, stated, 'These actions reflect an acceleration of our succession plans, and we are fortunate to have had Darius recently join the Board and to step into this interim role. In addition to his extensive public company executive experience, Darius has the talent, capabilities and time to devote to leading AstroNova while the Board conducts a search to identify and select his replacement. We expect that Darius can effectively address the situation the Company is tackling with the MTEX acquisition and the many changes the Company is implementing under new Product Identification segment leadership.' In addition to relinquishing his role as President and Chief Executive Officer, Mr. Woods also resigned from AstroNova's Board of Directors. Mr. Nevin's experience includes having served for nine years as Chief Financial Officer at then publicly traded Protection One, Inc., one of the largest security monitoring companies in the United States. He was instrumental in orchestrating a comprehensive financial turnaround of the business that significantly enhanced operational efficiency and ultimately culminated in the successful sale of the company. He is a director on the boards of (Nasdaq: ALRM), a global leader in internet-of-things security and automation solutions, and drug testing company Psychemedics Corporation, where he also serves as Chairman. Previously, he was on the Board of Directors of WCI Communities, Inc., a luxury homebuilder, from its initial public offering on the NYSE in 2013 until its sale in 2017. Mr. Nevin received a bachelor's degree from Harvard University and an M.B.A. from the University of Chicago Booth School of Business. As a result of this material change to the Company's Board of Directors and management, the Company's Annual Meeting of Shareholders, which had been scheduled for July 9, 2025, has been postponed and will be rescheduled. The Company will announce the new date for the Annual Meeting as soon as practicable. About AstroNova AstroNova (Nasdaq: ALOT), a global leader in data visualization technologies since 1969, designs, manufactures, distributes and services a broad range of products that acquire, store, analyze, and present data in multiple formats. Its strategy is to drive profitable growth through innovative new technologies, building its installed base to expand recurring revenue while strategically sourcing its replacement products. The Product Identification segment provides a wide array of digital, end-to-end product marking and identification solutions, including hardware, software, and supplies for OEMs, commercial printers, and brand owners. The Aerospace segment provides products designed for airborne printing solutions, avionics, and data acquisition. Aerospace products include flight deck printing solutions, networking hardware, and specialized aerospace-grade supplies. Data acquisition systems are used in research and development, flight testing, missile and rocket telemetry, production monitoring, power, and maintenance applications. For more information please visit: Forward-Looking Statements Information included in this news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact but rather reflect AstroNova's current expectations concerning future events and results. These statements may include the use of the words 'believes are ,' 'expects,' 'intends,' 'plans,' 'anticipates,' 'likely,' 'continues,' 'may,' 'will,' and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning AstroNova's anticipated performance, involve risks, uncertainties and other factors, some of which are beyond AstroNova's control, which may cause our actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to (i) the risk that the changes we have made to our Board and executive leadership team will not lead to the improved results we expect; and (ii) those factors set forth in AstroNova's Annual Report on Form 10-K for the fiscal year ended January 31, 2025, and subsequent filings AstroNova makes with the Securities and Exchange Commission. AstroNova undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this news release. Important Additional Information In connection with its 2025 Annual Meeting of Shareholders, AstroNova has filed a definitive proxy statement with the SEC and caused it to be mailed, together with an annual report and proxy card, to each of our shareholders. The proxy statement and a copy of the other materials that we file with the SEC from time to time, including our Annual Report on Form 10-K for the fiscal year ended January 31, 2025, may be obtained free of charge via the Internet at and through the Investor Relations page of our corporate website, In addition, investors and security holders may obtain free copies of the proxy statement, the annual report and other proxy materials by directing a written request to ALOTproxy@ The proxy statement and other relevant materials we have made or will make available contain important information about the director nominees and the other matters to be voted upon by shareholders at the 2025 Annual Meeting of Shareholders. AstroNova urges shareholders to read the proxy statement, and any other relevant materials we make available, before making any decision with respect to the matters to be voted upon at the 2025 Annual Meeting of Shareholders, including the election of directors.
Associated Press
26-06-2025
- Business
- Associated Press
AstroNova Made Good Faith Effort to Resolve Costly, Disruptive Proxy Contest in Collaborative and Amicable Manner
WEST WARWICK, R.I.--(BUSINESS WIRE)--Jun 26, 2025-- AstroNova, Inc. (Nasdaq: ALOT), a leading innovator in data visualization technology, noted the total failure on Samir Patel's and Askeladden's part to participate in efforts to come to a collaborative and amicable solution. Collaboration by definition suggests two parties working toward a common goal and Patel provided no contribution to the settlement discussions. Samir Patel's Breach of Trust Samir Patel agreed with Richard S. Warzala, Lead Independent Director of AstroNova, that the content of their conversations would not be made public. He violated that confidence with his recent news release by publishing selected portions of the content of the conversations. The fact that the Company and Patel were agreeing to have discussions to find common ground was open to the public and, in fact, Patel publicly stated that he wished to engage with the Board to find a collaborative and amicable approach to settling this proxy context. Samir Patel Fails to Offer Any Proposal Samir claims to want an audience with the Board and an amicable resolution but failed to propose anything to that end. Samir Patel Has Demonstrated No Understanding of Corporate Governance Samir's actions suggest that he has… AstroNova's Strategy to Drive Growth and Earnings Power Samir has had only good things to say about AstroNova's execution of its long-term Aerospace segment acquisition strategy. However, he appears not to credit the 'niche-oriented strategy' in the Product Identification segment as having the potential to be similarly successful. That strategy focuses on entering and developing leadership positions in emerging and growing digital color direct-to-package and direct-to-media printing sectors in order to exploit its high-value position in those markets. The combination of the technology and products from MTEX and engineering expertise from AstroNova are driving this opportunity. Instead of supporting the Company during the MTEX acquisition challenges, Samir chose to publicly make misleading statements, amplify the voices of competitors and spread harsh criticism and innuendo that were not conducive to improving shareholder value as he claims he is committed to do. Strategy implementation requires a strong commitment and consistency in execution. Samir has clearly demonstrated he lacks an understanding of such requirements, which makes him unsuitable and unqualified to serve on AstroNova's Board of Directors. We, the Board of Directors of AstroNova, Inc. (the 'Company' or 'AstroNova'), urge shareholders to protect their investment by voting the WHITE proxy card for only AstroNova's six nominees and not the Samir Patel and Askeladden Capital Management LLC ('Askeladden') nominees. The 2025 Annual Meeting of Shareholders of AstroNova will be held at the offices of Foley Hoag LLP, Seaport West, 155 Seaport Boulevard, Boston, Massachusetts on Wednesday, July 9, 2025, and all shareholders of record as of the close of business on May 15, 2025, are entitled to vote at the meeting. Shareholders with any questions about how to vote their shares may call the Company's proxy solicitor, Alliance Advisors, toll-free at 1-844-202-6164. About AstroNova AstroNova (Nasdaq: ALOT), a global leader in data visualization technologies since 1969, designs, manufactures, distributes and services a broad range of products that acquire, store, analyze, and present data in multiple formats. Its strategy is to drive profitable growth through innovative new technologies, building its installed base to expand recurring revenue while strategically sourcing its replacement products. The Product Identification segment provides a wide array of digital, end-to-end product marking and identification solutions, including hardware, software, and supplies for OEMs, commercial printers, and brand owners. The Aerospace segment provides products designed for airborne printing solutions, avionics, and data acquisition. Aerospace products include flight deck printing solutions, networking hardware, and specialized aerospace-grade supplies. Data acquisition systems are used in research and development, flight testing, missile and rocket telemetry, production monitoring, power, and maintenance applications. For more information please visit: Forward-Looking Statements Information included in this news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact but rather reflect AstroNova's current expectations concerning future events and results. These statements may include the use of the words 'believes,' 'expects,' 'intends,' 'plans,' 'anticipates,' 'likely,' 'continues,' 'may,' 'will,' and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning AstroNova's anticipated performance, involve risks, uncertainties and other factors, some of which are beyond AstroNova's control, which may cause our actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to (i) the risk that our recent leadership and other changes in our Product Identification segment will not lead to the improved results we expect; and (ii) those factors set forth in AstroNova's Annual Report on Form 10-K for the fiscal year ended January 31, 2025 and subsequent filings AstroNova makes with the Securities and Exchange Commission. AstroNova undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this news release. Important Additional Information In connection with its 2025 Annual Meeting of Shareholders, AstroNova has filed a definitive proxy statement with the SEC and caused it to be mailed, together with an annual report and proxy card, to each of our shareholders. The proxy statement and a copy of the other materials that we file with the SEC from time to time, including our Annual Report on Form 10-K, as amended, for the fiscal year ended January 31, 2025, may be obtained free of charge via the Internet at and through the Investor Relations page of our corporate website, In addition, investors and security holders may obtain free copies of the proxy statement, the annual report and other proxy materials by directing a written request to [email protected]. The proxy statement and other relevant materials we have made or will make available contain important information about the director nominees and the other matters to be voted upon by shareholders at the 2025 Annual Meeting of Shareholders. AstroNova urges shareholders to read the proxy statement, and any other relevant materials we make available, before making any decision with respect to the matters to be voted upon at the 2025 Annual Meeting of Shareholders, including the election of directors. View source version on CONTACT: Investor/Media Contact: Deborah Pawlowski, IRC, Alliance Advisors Email:[email protected] Phone: 716.843.3908 KEYWORD: UNITED STATES NORTH AMERICA RHODE ISLAND INDUSTRY KEYWORD: TECHNOLOGY SEMICONDUCTOR PACKAGING ENGINEERING AEROSPACE SOFTWARE MANUFACTURING HARDWARE ELECTRONIC DESIGN AUTOMATION DATA MANAGEMENT SOURCE: AstroNova, Inc. Copyright Business Wire 2025. PUB: 06/26/2025 06:30 AM/DISC: 06/26/2025 06:29 AM
Business Wire
26-06-2025
- Business
- Business Wire
AstroNova Made Good Faith Effort to Resolve Costly, Disruptive Proxy Contest in Collaborative and Amicable Manner
WEST WARWICK, R.I.--(BUSINESS WIRE)--AstroNova, Inc. (Nasdaq: ALOT), a leading innovator in data visualization technology, noted the total failure on Samir Patel's and Askeladden's part to participate in efforts to come to a collaborative and amicable solution. Collaboration by definition suggests two parties working toward a common goal and Patel provided no contribution to the settlement discussions. Samir Patel's Breach of Trust Samir Patel agreed with Richard S. Warzala, Lead Independent Director of AstroNova, that the content of their conversations would not be made public. He violated that confidence with his recent news release by publishing selected portions of the content of the conversations. The fact that the Company and Patel were agreeing to have discussions to find common ground was open to the public and, in fact, Patel publicly stated that he wished to engage with the Board to find a collaborative and amicable approach to settling this proxy context. Samir Patel Fails to Offer Any Proposal Samir claims to want an audience with the Board and an amicable resolution but failed to propose anything to that end. Samir Patel Has Demonstrated No Understanding of Corporate Governance Samir's actions suggest that he has… No appreciation of confidentiality No appreciation of director fiduciary obligations to all shareholders No understanding of the definition of an independent director No understanding of SEC rules. He was offered a meeting with the AstroNova Board of Directors at his request, which was subject to him accepting standard insider trading restrictions as material non-public information would be discussed at the board meeting. His claims that this was an attempt by the Company to silence him demonstrates his failure to understand the implications of his request to meet with the Board No understanding of the separation between a board of directors and management. AstroNova's Strategy to Drive Growth and Earnings Power Samir has had only good things to say about AstroNova's execution of its long-term Aerospace segment acquisition strategy. However, he appears not to credit the 'niche-oriented strategy' in the Product Identification segment as having the potential to be similarly successful. That strategy focuses on entering and developing leadership positions in emerging and growing digital color direct-to-package and direct-to-media printing sectors in order to exploit its high-value position in those markets. The combination of the technology and products from MTEX and engineering expertise from AstroNova are driving this opportunity. Instead of supporting the Company during the MTEX acquisition challenges, Samir chose to publicly make misleading statements, amplify the voices of competitors and spread harsh criticism and innuendo that were not conducive to improving shareholder value as he claims he is committed to do. Strategy implementation requires a strong commitment and consistency in execution. Samir has clearly demonstrated he lacks an understanding of such requirements, which makes him unsuitable and unqualified to serve on AstroNova's Board of Directors. We urge Shareholders to Vote 'FOR' AstroNova's six highly qualified director nominees on the WHITE universal proxy card TODAY We, the Board of Directors of AstroNova, Inc. (the 'Company' or 'AstroNova'), urge shareholders to protect their investment by voting the WHITE proxy card for only AstroNova's six nominees and not the Samir Patel and Askeladden Capital Management LLC ('Askeladden') nominees. The 2025 Annual Meeting of Shareholders of AstroNova will be held at the offices of Foley Hoag LLP, Seaport West, 155 Seaport Boulevard, Boston, Massachusetts on Wednesday, July 9, 2025, and all shareholders of record as of the close of business on May 15, 2025, are entitled to vote at the meeting. Shareholders with any questions about how to vote their shares may call the Company's proxy solicitor, Alliance Advisors, toll-free at 1-844-202-6164. About AstroNova AstroNova (Nasdaq: ALOT), a global leader in data visualization technologies since 1969, designs, manufactures, distributes and services a broad range of products that acquire, store, analyze, and present data in multiple formats. Its strategy is to drive profitable growth through innovative new technologies, building its installed base to expand recurring revenue while strategically sourcing its replacement products. The Product Identification segment provides a wide array of digital, end-to-end product marking and identification solutions, including hardware, software, and supplies for OEMs, commercial printers, and brand owners. The Aerospace segment provides products designed for airborne printing solutions, avionics, and data acquisition. Aerospace products include flight deck printing solutions, networking hardware, and specialized aerospace-grade supplies. Data acquisition systems are used in research and development, flight testing, missile and rocket telemetry, production monitoring, power, and maintenance applications. For more information please visit: Forward-Looking Statements Information included in this news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact but rather reflect AstroNova's current expectations concerning future events and results. These statements may include the use of the words 'believes,' 'expects,' 'intends,' 'plans,' 'anticipates,' 'likely,' 'continues,' 'may,' 'will,' and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning AstroNova's anticipated performance, involve risks, uncertainties and other factors, some of which are beyond AstroNova's control, which may cause our actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to (i) the risk that our recent leadership and other changes in our Product Identification segment will not lead to the improved results we expect; and (ii) those factors set forth in AstroNova's Annual Report on Form 10-K for the fiscal year ended January 31, 2025 and subsequent filings AstroNova makes with the Securities and Exchange Commission. AstroNova undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this news release. Important Additional Information In connection with its 2025 Annual Meeting of Shareholders, AstroNova has filed a definitive proxy statement with the SEC and caused it to be mailed, together with an annual report and proxy card, to each of our shareholders. The proxy statement and a copy of the other materials that we file with the SEC from time to time, including our Annual Report on Form 10-K, as amended, for the fiscal year ended January 31, 2025, may be obtained free of charge via the Internet at and through the Investor Relations page of our corporate website, In addition, investors and security holders may obtain free copies of the proxy statement, the annual report and other proxy materials by directing a written request to ALOTproxy@ The proxy statement and other relevant materials we have made or will make available contain important information about the director nominees and the other matters to be voted upon by shareholders at the 2025 Annual Meeting of Shareholders. AstroNova urges shareholders to read the proxy statement, and any other relevant materials we make available, before making any decision with respect to the matters to be voted upon at the 2025 Annual Meeting of Shareholders, including the election of directors.
Associated Press
24-06-2025
- Business
- Associated Press
AstroNova's Board Stonewalls Meaningful Change
AstroNova breached confidentiality, misrepresented private negotiations Company demanded silence in exchange for no Board seats, no leadership change, and no path to value creation Board continues to prioritize entrenchment over addressing shareholder concerns FORT WORTH, TX / ACCESS Newswire / June 24, 2025 / Dear AstroNova Shareholders, Yesterday evening, we thought we were participating in confidential negotiations with AstroNova aimed at reaching a collaborative solution to the ongoing proxy contest. This morning, AstroNova blindsided us with a news release publicly mischaracterizing those talks, thereby violating our agreement to keep our discussions private, and severely undermining the prospect of continued engagement. We already knew that AstroNova's Board could not be trusted to deliver shareholder value; now we know they cannot be trusted to keep their word. Breach of Trust Sadly, we must also now share revealing details from an exchange that we were promised would remain private. Following a call with Mr. Warzala last week, we invited the company to propose a solution. Mr. Warzala sent an egregiously one-sided proposal that would entrench the current Board while silencing our ability to advocate for shareholders. The company proposed we sign a standstill agreement in exchange for: No sane professional investor would agree to such terms. They would restrict our ability to trade or speak freely, yet offer no corresponding ability to influence company decisions. The Board wanted our silence - not our input. We told Mr. Warzala that we remained 'happy to further discuss these topics' and 'hope we can continue to have mutually beneficial dialogue,' but warned that 'in the absence of a proposal that demonstrates the Board is committed to making […] substantial changes […] we'd much rather let shareholders decide who best represents their interests.' We also reiterated concrete steps that could safeguard shareholder interests, such as hiring a proven print industry executive or initiating a strategic alternatives process, yet Mr. Warzala showed no interest in exploring these ideas. We intended to respond to Mr. Warzala's latest email this morning. Instead, the company rushed to issue a news release - shutting off dialogue before we even had a chance to reply in detail. AstroNova abandoned any effort to engage when we provided candid feedback on the inadequacy of their initial proposal. Once again, the company seems more concerned with scoring PR points than with resolving shareholder concerns. This mirrors their prior conduct - demanding a call on an hour's notice after months of ignoring us, then claiming we were reluctant to engage. Other contradictions The company's press release is rife with other contradictions. The Board now claims it 'shares many of Samir Patel's concerns' and 'began actively addressing many of these issues long before Samir commenced his proxy contest.' Yet in a letter two weeks ago, the company impugned my supposed 'readily apparent […] lack of knowledge and understanding of AstroNova's business.' Which version should shareholders believe - what the Board says today, or what they said two weeks ago? Similarly, Mr. Warzala's reference to a 'takeover' is disingenuous. One of our publicly-stated priorities is to evaluate strategic alternatives to determine if substantially higher value could be achieved for all shareholders in private markets, yet the company has publicly dismissed this idea as unworthy of consideration. Finally, the Board claims it is 'on track' to achieve a share price equivalent to the pre-pandemic peak - despite FY25 earnings results and FY26 earnings guidance that remain below FY24 levels. After presiding over the MTEX disaster and the ensuing ~50% decline in shareholder value, the incumbent Board refuses to consider meaningful change - whether replacing the CEO, refreshing the Board, or exploring a sale. Their priorities are clear: maintaining control matters more than delivering results and restoring shareholder value. We urge shareholders to vote to elect directors who truly care about rapidly maximizing shareholder value. If you need assistance in voting the GOLD proxy card, please contact InvestorCom at (877) 972-0090. If you would like to speak to me or any of our candidates, please don't hesitate to contact me directly. Sincerely, Samir Patel [email protected] (682) 553-8302 This filing, and future filings, will also be made available to shareholders after dissemination on EDGAR via our website: These documents will also be available at no cost at Samir Patel, Askeladden Capital Management LLC, Jeff Sands, Shawn Kravetz, Ryan Oviatt and Boyd Roberts (collectively the 'Participants') filed a definitive proxy statement and accompanying proxy card with the SEC on May 20, 2025, as amended on May 21, 2025, to be used in soliciting proxies in connection with the 2025 annual meeting of shareholders (the 'Annual Meeting') of AstroNova, Inc. (the 'Company'). All shareholders of the Company are advised to read the Proxy Statement and other documents related to the solicitation of proxies, each in connection with the Annual Meeting, by the Participants, as they contain important information, including additional information related to the Participants, including a description of their direct or indirect interests by security holdings or otherwise. The Proxy Statement and an accompanying GOLD proxy card will be furnished to some or all of the Company's stockholders and is, along with other relevant documents, available at no charge on the SEC website at or by contacting Samir Patel at 1452 Hughes Road, Suite 200 #582, Grapevine, TX, 76051. SOURCE: Askeladden Capital Management LLC press release
Business Wire
24-06-2025
- Business
- Business Wire
AstroNova Letter to Shareholders Highlights Board's Commitment to Shareholder Value
WEST WARWICK, R.I.--(BUSINESS WIRE)-- AstroNova, Inc. (Nasdaq: ALOT), a leading innovator in data visualization technology, has published a letter to shareholders outlining shared concerns with Samir Patel and actions that have already been taken to address these issues. Additional information regarding the Company and its progress can be found in the investor presentation that was filed with the U.S. Securities and Exchange Commission ('SEC') in connection with its upcoming Annual Meeting of Shareholders scheduled to be held on Wednesday, July 9, 2025. The presentation can be found at the Company's website: Dear Fellow Shareholders, I am Richard S. Warzala, Lead Independent Director of AstroNova. I write to you today to assure you that your Board of Directors shares many of Samir's concerns. This Board has directed a number of actions that are already making AstroNova better. Importantly, as a governing body, the Board has an obligation to all of its shareholders to act in their best interests. This often means undertaking actions which, for the benefit of the Company and its shareholders, are not aired in public. We all agree that the MTEX acquisition, which has meaningful strategic value, did not go as planned despite a due diligence process that included the engagement of accountants, legal counsel and other professionals in Europe and, specifically, Portugal and the U.S. Acquisitions don't always go as planned and when that happens, the key to success is developing a corrective action plan to recover as quickly as possible. In addition to completely restructuring the acquisition, we enhanced the operation with key local resources and leveraged the very capable AstroNova team to drive change almost immediately following the closing. Further actions taken by the Board and management to improve value included: We measurably enhanced our accounting and finance department with the addition of our new CFO in June 2024. We found Tom DeByle through a search that was started in the fall of 2023. We have greatly strengthened the leadership in our Product Identification segment. Jorik Ittmann joined us in September last year as a result of a search that had begun earlier in 2024. He has excellent experience in growing print manufacturing businesses, and we are excited about the many changes he has already made in that segment. We also realigned the operating structure of AstroNova for improved autonomy and ownership for each segment. This change has already been demonstrated with a greater sense of urgency to execute change through improved decision making at the segment level. We recently restructured the compensation program to drive greater focus by the leadership on working capital management, cash generation and earnings per share in addition to revenue growth. We also have been disappointed in the decline in shareholder value, especially since the acquisition, but believe the Company is on track to return share value to levels seen prior to the pandemic when we had realized returns of nearly 90% over 5 years. We also believe that a reasonable settlement is best for our shareholders and are quite open to a collaborative and amicable approach. We engaged with Samir for this exact purpose, but despite discussions, Samir was not open to collaboration as he indicated he would be. This is a serious disappointment. We welcome having conversations with any shareholder and appreciate your investment and patience. With kind regards, We ask Shareholders to Vote 'FOR' AstroNova's six highly qualified director nominees on the WHITE universal proxy card TODAY We, the Board of Directors of AstroNova, Inc. (the 'Company' or 'AstroNova'), urge shareholders to protect their investment by voting the WHITE proxy card for only AstroNova's six nominees and not the Samir Patel and Askeladden Capital Management LLC ('Askeladden') nominees. The 2025 Annual Meeting of Shareholders of AstroNova will be held at the offices of Foley Hoag LLP, Seaport West, 155 Seaport Boulevard, Boston, Massachusetts on Wednesday, July 9, 2025, and all shareholders of record as of the close of business on May 15, 2025, are entitled to vote at the meeting. Shareholders with any questions about how to vote their shares may call the Company's proxy solicitor, Alliance Advisors, toll-free at 1-844-202-6164. About AstroNova AstroNova (Nasdaq: ALOT), a global leader in data visualization technologies since 1969, designs, manufactures, distributes and services a broad range of products that acquire, store, analyze, and present data in multiple formats. Its strategy is to drive profitable growth through innovative new technologies, building its installed base to expand recurring revenue while strategically sourcing its replacement products. The Product Identification segment provides a wide array of digital, end-to-end product marking and identification solutions, including hardware, software, and supplies for OEMs, commercial printers, and brand owners. The Aerospace segment provides products designed for airborne printing solutions, avionics, and data acquisition. Aerospace products include flight deck printing solutions, networking hardware, and specialized aerospace-grade supplies. Data acquisition systems are used in research and development, flight testing, missile and rocket telemetry, production monitoring, power, and maintenance applications. For more information please visit: Forward-Looking Statements Information included in this news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact but rather reflect AstroNova's current expectations concerning future events and results. These statements may include the use of the words 'believes,' 'expects,' 'intends,' 'plans,' 'anticipates,' 'likely,' 'continues,' 'may,' 'will,' and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning AstroNova's anticipated performance, involve risks, uncertainties and other factors, some of which are beyond AstroNova's control, which may cause our actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to (i) the risk that our recent leadership changes and enhancements to our incentive compensation programs will not lead to the improved results we expect; and (ii) those factors set forth in AstroNova's Annual Report on Form 10-K for the fiscal year ended January 31, 2025 and subsequent filings AstroNova makes with the Securities and Exchange Commission. AstroNova undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this news release. Important Additional Information In connection with its 2025 Annual Meeting of Shareholders, AstroNova has filed a definitive proxy statement with the SEC and caused it to be mailed, together with an annual report and proxy card, to each of our shareholders. The proxy statement and a copy of the other materials that we file with the SEC from time to time, including our Annual Report on Form 10-K, as amended, for the fiscal year ended January 31, 2025, may be obtained free of charge via the Internet at and through the Investor Relations page of our corporate website, In addition, investors and security holders may obtain free copies of the proxy statement, the annual report and other proxy materials by directing a written request to ALOTproxy@ The proxy statement and other relevant materials we have made or will make available contain important information about the director nominees and the other matters to be voted upon by shareholders at the 2025 Annual Meeting of Shareholders. AstroNova urges shareholders to read the proxy statement, and any other relevant materials we make available, before making any decision with respect to the matters to be voted upon at the 2025 Annual Meeting of Shareholders, including the election of directors.
