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”
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.”
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.