- AstroNova, Inc. (ALOT, Financial) reports failure to resolve proxy contest with Samir Patel and Askeladden.
- AstroNova urges shareholders to support its six nominees and vote using the WHITE proxy card by July 9, 2025.
- AstroNova outlines its strategic focus on growth in digital printing and aerospace segments.
AstroNova, Inc. (ALOT), a leader in data visualization technology, has expressed disappointment over the inability to resolve an ongoing proxy contest with Samir Patel and Askeladden Capital Management LLC. Despite efforts to reach an amicable agreement, Patel has not proposed any settlement, according to AstroNova.
In a breach of previously agreed confidentiality, Patel disclosed portions of discussions with AstroNova's Lead Independent Director, Richard S. Warzala. This breach has further strained the potential for collaborative resolutions, as the Board emphasizes the importance of confidentiality in corporate governance.
AstroNova has reiterated its commitment to driving growth through its Aerospace and Product Identification segments. The company highlights its strategy of expanding its foothold in digital color direct-to-package and direct-to-media printing markets through the integration of MTEX technology and AstroNova's engineering expertise.
AstroNova encourages its shareholders to protect their investment by voting for its slate of six director nominees at the 2025 Annual Meeting of Shareholders, scheduled for July 9, 2025, in Boston. Shareholders are advised to use the WHITE universal proxy card for their votes.
For more information, shareholders can visit AstroNova’s Investor Relations page or contact their proxy solicitor, Alliance Advisors, at 1-844-202-6164.
