AstroNova Appoints New Director, Adjusts CEO Compensation
Ticker: ALOT · Form: 8-K · Filed: Apr 18, 2025 · CIK: 8146
| Field | Detail |
|---|---|
| Company | Astronova, INC. (ALOT) |
| Form Type | 8-K |
| Filed Date | Apr 18, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, executive-compensation, governance
TL;DR
AstroNova swaps a director and bumps CEO pay, effective April 14, 2025.
AI Summary
On April 14, 2025, AstroNova, Inc. reported the departure of Director David L. D'Amico and the election of new Director Michael J. Zarrella. The company also announced a new compensatory arrangement for its Chief Executive Officer, Gregory C. Woods, which includes a base salary of $325,000 and potential performance-based bonuses.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance changes and executive compensation adjustments, which are common and typically do not represent significant new risks.
Key Numbers
- $325,000 — CEO Base Salary (New compensation for CEO Gregory C. Woods.)
- April 14, 2025 — Effective Date (Date of director changes and compensation arrangement.)
Key Players & Entities
- AstroNova, Inc. (company) — Registrant
- David L. D'Amico (person) — Departing Director
- Michael J. Zarrella (person) — Newly Elected Director
- Gregory C. Woods (person) — Chief Executive Officer
- $325,000 (dollar_amount) — CEO Base Salary
FAQ
Who has departed from AstroNova's board of directors?
David L. D'Amico has departed from AstroNova's board of directors as of April 14, 2025.
Who has been elected as a new director to AstroNova's board?
Michael J. Zarrella has been elected as a new director to AstroNova's board.
What is the new base salary for AstroNova's CEO, Gregory C. Woods?
The new base salary for CEO Gregory C. Woods is $325,000.
What is the effective date of the reported changes?
The earliest event reported is dated April 14, 2025.
What other compensatory arrangements were mentioned for the CEO?
Besides the base salary, the filing mentions potential performance-based bonuses for CEO Gregory C. Woods.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on April 18, 2025 by David L. D'Amico regarding AstroNova, Inc. (ALOT).