AstroNova, Inc. announced the appointment of Shawn Kravetz to its Board of Directors, effective immediately, as a result of a Cooperation Agreement with Askeladden Capital Management LLC. Mr. Kravetz, an independent director, will serve as a member of the Nominating and Governance Committee.
This appointment marks the resolution of the proxy contest initiated by Askeladden Capital. Under the Cooperation Agreement, Askeladden has agreed to customary standstill and voting commitments and will support the Board's full slate of directors at the rescheduled 2025 Annual Meeting of Shareholders.
Darius G. Nevin, Executive Chair of AstroNova's Board, expressed appreciation for the constructive discussions with Askeladden and welcomed Mr. Kravetz, noting his perspectives and background complement the existing directors' experience. The company expects to announce a new record date and meeting date for its 2025 Annual Meeting shortly.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.