ASTRONICS CORP shareholders approved Adoption of Astronics Corporation 2026 Employee Stock Purchase Plan at the 2026-05-28 meeting.
“5. The adoption of the Astronics Corporation 2026 Employee Stock Purchase Plan. A total of 46,218,739 votes were cast for the proposal, 146,323 votes were cast against it and 19,872 votes abstained. There were 5,512,038 broker non-votes on the proposal.”
Shareholder Votes
ASTRONICS CORP shareholders approved Adoption of Astronics Corporation 2026 Long Term Incentive Plan at the 2026-05-28 meeting.
“4. The adoption of the Astronics Corporation 2026 Long Term Incentive Plan. A total of 42,885,555 votes were cast for the proposal, 3,344,537 votes were cast against it and 154,842 votes abstained. There were 5,512,038 broker non-votes on the proposal.”
Shareholder Votes
ASTRONICS CORP shareholders approved Non-binding shareholder advisory vote on compensation of named executive officers at the 2026-05-28 meeting.
“3. The non-binding shareholder advisory vote on the compensation of the Company's named executive officers. A total of 44,813,274 votes were cast for the proposal, 1,366,153 votes were cast against it and 205,507 votes abstained. There were 5,512,038 broker non-votes on the proposal. The shareholders approved, on a non-binding, advisory basis, the compensation of the Company's named executive officers as disclosed in the Proxy.”
Shareholder Votes
ASTRONICS CORP shareholders approved Ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal year 2026 at the 2026-05-28 meeting.
“2. Ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal year 2026. A total of 51,289,688 votes were cast for the proposal, 523,194 votes were cast against it and 84,090 votes abstained. There were no broker non-votes on the proposal.”
Shareholder Votes
ASTRONICS CORP shareholders approved Election of Directors at the 2026-05-28 meeting.
“1. Election of the Board of Directors. The nominees to the Board of Directors were elected based on the following votes: For Withheld Broker Non-Votes Robert T. Brady 43,173,049 3,211,885 5,512,038 Jeffry D. Frisby 46,061,671 323,263 5,512,038 Peter J. Gundermann 45,870,198 514,736 5,512,038 Warren C. Johnson 38,776,245 7,608,689 5,512,038 Robert S. Keane 36,454,346 9,930,588 5,512,038 Neil Y. Kim 46,089,334 295,600 5,512,038 Mark Moran 35,331,124 11,053,810 5,512,038 Linda O’Brien 38,752,044 7,632,890 5,512,038 Fay West 45,224,634 1,160,300 5,512,038”
Earnings Releases
ASTRONICS CORP reported first quarter 2026 results: revenue $230.6 million, net income $25.5 million, EPS $0.67 per diluted share. Guidance raised.
“Commerce Way • East Aurora, NY • 14052-2164 FOR IMMEDIATE RELEASE Astronics Corporation Reports 12% Sales Growth for First Quarter 2026 • First quarter sales increased 12.0% to $230.6 million • Achieved first quarter net income of $25.5 million, or $0.67 per diluted share; adjusted EBITDA 1 was $37.9 million, or 16.4% of sales • Aerospace operating margin expanded to”
Debt Financings
ASTRONICS CORP incurred revolving credit of $300.0 million with HSBC Bank USA, National Association at Term SOFR plus an applicable margin ranging from 1.25% to 2.125% maturing October 16, 2030.
“to the revolving credit facility thereunder from $220.0 million (the maximum aggregate amount available to be drawn under the terms of the Asset Based Credit Agreement) to $300.0 million. The Company has the option to request an increase in the Revolving Commitments by up to $100.0 million plus an additional incremental amount so long as the maximum leverage”
Equity Issuances
ASTRONICS CORP issued a maximum of 5,125,568 shares of the Company’s common stock of convertible note to initial purchasers for $225.0 million aggregate principal amount.
“On September 16, 2025, Astronics Corporation (the “Company”) issued $225.0 million aggregate principal amount of 0% Convertible Senior Notes due 2031 (the “Notes”).”
Debt Financings
ASTRONICS CORP incurred convertible notes of $225.0 million aggregate principal amount with initial purchasers at 0% maturing January 15, 2031.
“On September 16, 2025, Astronics Corporation (the “Company”) issued $225.0 million aggregate principal amount of 0% Convertible Senior Notes due 2031 (the “Notes”).”
Fay West was elected as director at ASTRONICS CORP.
“has elected Fay West as a director of the Company effective February 6, 2025.”
Nancy L. Hedges was appointed as Chief Financial Officer at ASTRONICS CORP.
“the Company also announced that, on October 11, 2024, the Board appointed Nancy L. Hedges to the position of Chief Financial Officer effective as of January 4, 2025.”
David C. Burney retired as Executive Vice President, Chief Financial Officer and Treasurer at ASTRONICS CORP.
“David C. Burney has provided notice to the Board of Directors of the Company (the “Board”) on October 11, 2024 that he will be retiring from his position as Executive Vice President, Chief Financial Officer and Treasurer of Company effective as of January 3, 2025.”
Shareholder Votes
ASTRONICS CORP shareholders approved Ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal year 2024 at the 2024-05-08 meeting.
“A total of 67,976,704 votes were cast for the proposal, 792,158 votes were cast against it and 16,473 votes abstained.”
Shareholder Votes
ASTRONICS CORP shareholders approved Election of the Board of Directors at the 2024-05-08 meeting.
“The nominees to the Board of Directors were elected based on the following votes: For Withheld Broker Non-Votes Robert T. Brady 54,574,686 5,382,644 8,828,005 Jeffry D. Frisby 59,258,984 698,346 8,828,005 Peter J. Gundermann 59,125,560 831,770 8,828,005 Warren C. Johnson 53,592,459 6,364,871 8,828,005 Robert S. Keane 50,947,409 9,009,921 8,828,005 Neil Y. Kim 58,272,287 1,685,043 8,828,005 Mark Moran 48,714,783 11,242,547 8,828,005 Linda O’Brien 54,606,611 5,350,719 8,828,005”
Earnings Releases
ASTRONICS CORP updated its the three months ended March 30, 2024 guidance (reaffirmed).
“On May 2, 2024 , Astronics Corporation issued a news release announcing its first quarter financial results for 2024. A copy of the press release is attached as Exhibit 99.1.”
Debt Financings
ASTRONICS CORP amended term loan with Great Rock Capital Partners Management, LLC, as Agent.
“The Company also entered into Amendment No. 2 (the “Term Loan Amendment”) to Credit Agreement (the “Term Loan Agreement”) on March 27, 2024, with Great Rock Capital Partners Management, LLC, as Agent, and the lenders signatory thereto. The Term Loan Amendment implemented the Covenant Changes with respect to the Term Loan Agreement.”
Debt Financings
ASTRONICS CORP amended revolving credit of from $115 million to $120 million with HSBC Bank USA, National Association, as Agent.
“The ABL Amendment increased the maximum aggregate amount that the Company can borrow under the revolving credit line by $5 million, from $115 million to $120 million, with borrowings subject to a borrowing base determined primarily by inventory and accounts receivable.”
Earnings Releases
ASTRONICS CORP updated its the three and twelve months ended December 31, 2023 guidance (reaffirmed).
“On February 28, 2024 , Astronics Corporation issued a news release announcing its fourth quarter and full year financial results for 2023.”
Earnings Releases
ASTRONICS CORP reported FY 2024 results: revenue $760 million to $795 million. Guidance initiated.
“Initial 2024 revenue guidance established at $760 million to $795 million”
Earnings Releases
ASTRONICS CORP reported FY 2023 results: revenue approximately $688 million.
“Full year 2023 preliminary unaudited revenue was approximately $688 million, an increase of 29% over 2022”
Earnings Releases
ASTRONICS CORP reported Q4 2023 results: revenue $193 million to $195 million.
“Preliminary, unaudited fourth quarter revenue was $193 million to $195 million”
Earnings Releases
ASTRONICS CORP updated its the three and nine months ended September 30, 2023 guidance (raised).
“On November 8, 2023 , Astronics Corporation issued a news release announcing its third quarter financial results for 2023.”
Debt Financings
ASTRONICS CORP amended revolving credit of $115 million to $120 million with HSBC Bank USA, National Association, as Agent and Co-Collateral Agent, Wells Fargo Bank, N.A., as Co-Collateral Agent, and the lenders signatory thereto maturing October 31, 2023 to January 31, 2024.
“The Second Amendment extended from October 31, 2023 to January 31, 2024 the expiry of a temporary increase in the maximum aggregate amount that the Company can borrow under the revolving credit line from $115 million to $120 million.”
Material Agreements
ASTRONICS CORP entered into Equity Distribution Agreement with Wells Fargo Securities, LLC and HSBC Securities (USA) Inc. valued at up to $30,000,000 (effective 2023-08-08).
“On August 8, 2023, Astronics Corporation (the “ Company ”) entered into an Equity Distribution Agreement (the “ Equity Distribution Agreement ”), by and between the Company and Wells Fargo Securities, LLC and HSBC Securities (USA) Inc. (each, an “ Agent ” and together, the “ Agents ”), pursuant to which the Company may offer and sell, from time to time through an Agent, acting as its agent, or directly to an Agent acting as principal, shares of the Company’s common stock, par value $0.01 per share (the “ Common Stock ”), having an aggregate sales price of up to $30,000,000”
Earnings Releases
ASTRONICS CORP reported three and six months ended July 1, 2023 results: revenue $174,454, net income $(11,999), EPS $0.37 per diluted share.
“August 3, 2023 Page 2 Second Quarter Results Three Months Ended Six Months Ended ($ in thousands) July 1, 2023 July 2, 2022 % Change July 1, 2023 July 2, 2022 % Change Sales $ 174,454 $ 129,127 35.1 % $ 330,992 $ 245,303 34.9 % Income (Loss) from Operations $ 2,396 $ (8,396) 128.5 % $ 26 $ (12,563) 100.2 % Operating Margin % 1.4 % (6.5) % — % (5.1) % Net Gain”
Earnings Releases
ASTRONICS CORP reported second quarter 2023 results: revenue $170 million to $175 million.
“Astronics Corporation Reports Preliminary Orders for Second Quarter 2023 of Approximately $200 million • Expects revenue for second quarter 2023 to be in range of $170 million to $175 million; at upper end of previous guidance”
Debt Financings
ASTRONICS CORP amended revolving credit of from $115 million to $120 million with HSBC Bank USA, National Association, as Agent and Co-Collateral Agent, Wells Fargo Bank, N.A., as Co-Collateral Agent, and the lenders signatory thereto.
“the Amendment increased the maximum aggregate amount that the Company can borrow under the revolving credit line by $5 million, from $115 million to $120 million”
Governance Changes
ASTRONICS CORP: Increased authorized shares of Common Stock from 40,000,000 to 80,000,000 (effective 2023-05-23).
“at the Annual Meeting of Shareholders of Astronics Corporation (the “Company”) held on May 23, 2023, the Company’s shareholders approved an amendment (the “Amendment”) to the Company’s Restated Certificate of Incorporation, as amended, increasing the number of authorized shares of the Company’s Common Stock from 40,000,000 to 80,000,000. The Amendment became effective upon the filing of a Certificate of Amendment with the Secretary of State of the State of New York on May 23, 2023”
Shareholder Votes
ASTRONICS CORP shareholders approved Approval of an amendment to the Company's Restated Certificate of Incorporation, as amended, to increase the number of authorized shares of Common Stock at the 2023-05-23 meeting.
“A total of 68,826,704 votes were cast for the proposal, 2,666,676 votes were cast against it and 116,602 votes abstained. There were no broker non-votes on the proposal.”
Shareholder Votes
ASTRONICS CORP shareholders approved Non-binding shareholder advisory vote on the frequency of the Company's shareholder vote with respect to the compensation of the Company's named executive officers at the 2023-05-23 meeting.
“The votes were as follows: 3 Years 2 Years 1 Year Abstain 36,670,332 373,254 19,076,613 5,279,024”
Shareholder Votes
ASTRONICS CORP shareholders approved Non-binding shareholder advisory vote on the compensation of the Company's named executive officers at the 2023-05-23 meeting.
“A total of 56,094,341 votes were cast for the proposal, 5,080,389 votes were cast against it and 224,493 votes abstained. There were 10,210,759 broker non-votes on the proposal.”
Shareholder Votes
ASTRONICS CORP shareholders approved Ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-05-23 meeting.
“A total of 68,929,019 votes were cast for the proposal, 2,615,997 votes were cast against it and 64,966 votes abstained. There were no broker non-votes on the proposal.”
Shareholder Votes
ASTRONICS CORP shareholders approved Election of the Board of Directors at the 2023-05-23 meeting.
“The nominees to the Board of Directors were elected based on the following votes: For Withheld Broker Non-Votes Robert T. Brady 54,889,355 6,509,868 10,210,759 Jeffry D. Frisby 59,723,105 1,676,118 10,210,759 Peter J. Gundermann 59,774,655 1,624,568 10,210,759 Warren C. Johnson 53,082,956 8,316,267 10,210,759 Robert S. Keane 50,880,387 10,518,836 10,210,759 Neil Y. Kim 59,726,622 1,672,601 10,210,759 Mark Moran 52,881,288 8,517,935 10,210,759 Linda O’Brien 59,791,145 1,608,078 10,210,759”
Earnings Releases
ASTRONICS CORP reported the three months ended April 1, 2023 results: revenue $156,538, net income Net loss $4,415, EPS $0.14 per diluted share. Guidance reaffirmed.
“Corporation Reports 2023 First Quarter Financial Results May 9, 2023 Page 2 First Quarter Results Three Months Ended ($ in thousands) April 1, 2023 April 2, 2022 % Change Sales $ 156,538 $ 116,176 34.7 % Loss from Operations $ (2,370) $ (4,167) 43.1 % Operating Margin % (1.5) % (3.6) % Net Gain on Sale of Business $ (3,427) $ (11,284) Net Loss $ (4,415) $ (3,101)”
Earnings Releases
ASTRONICS CORP updated its the three and twelve months ended December 31, 2022 guidance (reaffirmed).
“On March 2, 2023, Astronics Corporation issued a news release announcing its fourth quarter and full year financial results for 2022.”
Linda O'Brien was elected as director at ASTRONICS CORP.
“The Board of Directors of Astronics Corporation (the “Company”) has elected Linda O’Brien as a director of the Company effective February 24, 2023.”
Earnings Releases
ASTRONICS CORP reported the year results: revenue $640 million to $680 million. Guidance reaffirmed.
“consistent with our earlier revenue guidance for the year of $640 million to $680 million”
Earnings Releases
ASTRONICS CORP reported the fourth quarter of 2022 results: revenue $155 million to $160 million.
“Astronics Corporation announced today that unaudited preliminary fourth quarter sales are expected to be in the range of $155 million to $160 million”
Debt Financings
ASTRONICS CORP incurred term loan of $90 million with Great Rock Capital Partners Management, LLC, as Agent at SOFR (which shall be at least 2.50%) plus 8.75% maturing January 19, 2027.
“The Company also entered into a $90 million asset-based term loan Credit Agreement (the “Term Loan Agreement”) on January 19, 2023, with Great Rock Capital Partners Management, LLC, as Agent, and the lenders signatory thereto.”
Debt Financings
ASTRONICS CORP amended revolving credit of $115 million with HSBC Bank USA, National Association, as Agent and Co-Collateral Agent, Wells Fargo Bank, N.A., as Co-Collateral Agent at SOFR (which shall be at least 1.00%) plus 2.25% to 2.75% maturing January 19, 2026.
“as Co-Collateral Agent, and the lenders signatory thereto. The Restated Agreement set the maximum aggregate amount that the Company can borrow under the revolving credit line at $115 million, with borrowings subject to a borrowing base determined primarily by inventory and accounts receivable. The Restated Agreement extended the scheduled maturity date from November”
Earnings Releases
ASTRONICS CORP reported third quarter 2022 results: revenue $131.4 million, net income $14.9 million, EPS $0.46 per diluted share.
“Email: dpawlowski@keiadvisors.com FOR IMMEDIATE RELEASE Astronics Corporation Reports Third Quarter 2022 Financial Results • Sales for the quarter were $131.4 million, up 18% over prior-year period • Operating loss was $14.3 million, including $4.6 million in atypical costs, a portion of which is expected to be recovered in the fourth quarter”
Debt Financings
ASTRONICS CORP amended credit facility of $180 million with HSBC Bank USA, National Association, as Agent, and the lenders signatory thereto at one-, three- or six-month SOFR (which shall be at least 1.00%) plus 4.50% for AB maturing November 30, 2023.
“from August 31, 2023 to November 30, 2023. The Amendment set the maximum aggregate amount that the Company can borrow under the revolving credit line in the Credit Agreement at $180 million through December 20, 2022. The maximum aggregate amount available for borrowing had been scheduled to decrease to $170 million on November 21, 2022. The decrease to $170 million”
Earnings Releases
ASTRONICS CORP reported third quarter of 2022 results: revenue $131 million, net income approximately $15 million. Guidance initiated.
“--- NEWS RELEASE Exhibit 99.1 For Immediate Release Astronics Corporation Announces Third Quarter 2022 Preliminary Revenue and Orders • Preliminary third quarter revenue was $131 million, below expectations due to supply chain challenges and program reschedules • Preliminary third quarter bookings were $184 million, driving another record backlog and”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.