other material
confidence high
sentiment neutral
materiality 0.40
Astronics announces 20% Class B stock distribution to all shareholders
ASTRONICS CORP
- Record date June 15, 2026; distribution expected on/around June 29, 2026.
- Shareholders receive one Class B share for every five shares held; fractional shares paid in cash.
- After distribution, ~32.1M Common and ~10.9M Class B shares outstanding.
- Class B shares carry 10 votes per share (Common 1 vote); convertible to Common at any time without cost.
- This is the fifteenth such distribution since 1987; aims to encourage long-term ownership.