Astronics Corp. Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>Astronics Corporation is holding its 2024 Annual Shareholder Meeting on May 8, 2024, encouraging shareholders to vote via proxy or in person.</b>

AI Summary

ASTRONICS CORP (ATROB) filed a Proxy Statement (DEF 14A) with the SEC on March 26, 2024. The 2024 Astronics Corporation Annual Meeting of Shareholders will be held on May 8, 2024, at 10:00 a.m. Pacific Time. The meeting will take place at PECO, Inc., located at 11241 SE Highway 212, Clackamas, Oregon 97015. Shareholders of record as of March 19, 2024, are entitled to receive notice and vote at the meeting. Proxy materials will be furnished to shareholders over the Internet to expedite delivery and reduce costs. Shareholders are encouraged to vote by proxy via mail, telephone, or the Internet, or in person at the meeting.

Why It Matters

For investors and stakeholders tracking ASTRONICS CORP, this filing contains several important signals. The company is leveraging internet delivery of proxy materials to reduce costs and speed up shareholder access to information. Shareholder participation is emphasized as crucial for the company's governance, with multiple voting options provided.

Risk Assessment

Risk Level: low — ASTRONICS CORP shows low risk based on this filing. The filing is a routine DEF 14A proxy statement, indicating standard corporate governance procedures rather than significant financial or operational changes.

Analyst Insight

Shareholders should review the proxy materials to understand the voting matters and exercise their voting rights for the upcoming annual meeting.

Key Numbers

• 2024 — Annual Meeting Year (2024 Astronics Corporation Annual Meeting of Shareholders)
• 10:00 a.m. — Meeting Time (10:00 a.m., Pacific Time)
• May 8 — Meeting Date (Wednesday, May 8, 2024)
• March 19 — Record Date (March 19, 2024)

Key Players & Entities

• ASTRONICS CORP (company) — Registrant
• PECO, Inc. (company) — Location of Annual Meeting
• Peter J. Gundermann (person) — Chairman of the Board
• May 8, 2024 (date) — Annual Meeting Date
• March 19, 2024 (date) — Record Date
• 11241 SE Highway 212, Clackamas, Oregon 97015 (location) — Meeting Address
• 130 COMMERCE WAY (location) — Company Address
• NY (location) — State of Incorporation

FAQ

Industry Context

Astronics Corporation operates in the aerospace and defense industry, providing products and services to manufacturers of aircraft, defense systems, and other specialized equipment.

Regulatory Implications

The filing is a DEF 14A, a standard proxy statement required by the SEC for companies soliciting shareholder votes.

What Investors Should Do

1. Review the proxy statement for details on voting matters.
2. Submit proxy vote via mail, phone, or internet by the deadline.
3. Consider attending the annual meeting in person if feasible.

Key Dates

• 2024-05-08: Annual Meeting of Shareholders — Shareholders will vote on scheduled items.
• 2024-03-19: Record Date — Determines shareholders eligible to vote.
• 2024-03-26: Filing Date — Date the DEF 14A was filed.

Year-Over-Year Comparison

This filing is a DEF 14A proxy statement, indicating the company is preparing for its annual shareholder meeting. No specific financial or operational performance data is presented in this document.

Filing Documents

• ny20020718x1_def14a.htm (DEF 14A) — 1870KB
• astronics_check.jpg (GRAPHIC) — 5KB
• astronics_checkx1.jpg (GRAPHIC) — 5KB
• logo_astronics-foot.jpg (GRAPHIC) — 9KB
• logo_astronics.jpg (GRAPHIC) — 44KB
• ny20020718x1_chart1.jpg (GRAPHIC) — 118KB
• ny20020718x1_circlecheck.jpg (GRAPHIC) — 13KB
• ny20020718x1_linechart01.jpg (GRAPHIC) — 152KB
• sig_juliedavis.jpg (GRAPHIC) — 19KB
• sig_peterjgundermann.jpg (GRAPHIC) — 17KB
• ny20020718x1_linechart0x1.jpg (GRAPHIC) — 125KB
• ny20020718x1_linechart0x2.jpg (GRAPHIC) — 120KB
• ny20020718x1_linechart0x3.jpg (GRAPHIC) — 125KB
• ny20020718x1_pc01.jpg (GRAPHIC) — 616KB
• ny20020718x1_pc02.jpg (GRAPHIC) — 413KB
• 0001140361-24-015352.txt (&nbsp;) — 7281KB
• atro-20240508.xsd (EX-101.SCH) — 5KB
• atro-20240508_def.xml (EX-101.DEF) — 5KB
• atro-20240508_lab.xml (EX-101.LAB) — 10KB
• atro-20240508_pre.xml (EX-101.PRE) — 6KB
• ny20020718x1_def14a_htm.xml (XML) — 289KB

From the Filing

SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT Schedule 14A Information Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant 240.14a-12 ASTRONICS CORPORATION (Name of Registrant as specified in its charter) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. ASTRONICS CORPORATION 130 Commerce Way East Aurora, New York 14052 Dear Fellow Shareholders: It is my pleasure to invite you to the 2024 Astronics Corporation Annual Meeting of Shareholders. The Annual Meeting will be held at 10:00 a.m., Pacific Time, on Wednesday, May 8, 2024, at PECO, Inc. at 11241 SE Highway 212, Clackamas, Oregon 97015 USA. The attached Notice of Annual Meeting of Shareholders and Proxy Statement discuss the items scheduled for a vote by shareholders at the Annual Meeting. The Securities and Exchange Commission rules allow companies to furnish proxy materials to their shareholders over the Internet. As a result, most of our shareholders will receive in the mail a notice regarding availability of the proxy materials for the Annual Meeting on the Internet instead of paper copies of those materials. The notice contains instructions on how to access the proxy materials over the Internet and instructions on how shareholders can receive paper copies of the proxy materials, including a proxy or voting instruction form. This process expedites shareholders' receipt of proxy materials and lowers the cost of our Annual Meeting. The Board of Directors has fixed the close of business on March 19, 2024 as the record date for the determination of shareholders entitled to receive notice of and to vote at the Annual Meeting. It is important that your shares be represented and voted at the Annual Meeting. Whether or not you plan to attend, please sign, date and return the enclosed proxy card in the enclosed postage-paid envelope or vote by telephone or using the Internet as instructed on the enclosed proxy card. If you attend the Annual Meeting, you may vote your shares in person if you wish. Please vote your shares as soon as possible. This is your Annual Meeting, and your participation is important. Peter J. Gundermann Chairman of the Board East Aurora, New York March 26, 2024 ASTRONICS CORPORATION 130 Commerce Way East Aurora, New York 14052 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS DEAR SHAREHOLDERS: NOTICE IS HEREBY GIVEN that the Annual Meeting of Shareholders of Astronics Corporation (the "Company") will be held at PECO, Inc. at 11241 SE Highway 212, Clackamas, Oregon 97015 USA at 10:00 a.m., Pacific Time, on Wednesday, May 8, 2024 to consider and act on the following: To elect eight directors to hold office until the 2025 Annual Meeting and until their successors have been duly elected and qualified; To ratify the appointment of Ernst & Young LLP as the independent registered public accounting firm for the Company for the fiscal year ending December 31, 2024; and To act upon and transact such other business as may be properly brought before the Annual Meeting or any adjournment or adjournments thereof. The Board of Directors has fixed the close of business on Tuesday, March 19, 2024 as the record date for the determination of shareholders entitled to notice of, and to vote at, the Annual Meeting. Only shareholders of record at the close of business on Tuesday, March 19, 2024 will be entitled to vote at the Annual Meeting. It is important that your shares be represented at the Annual Meeting whether or not you plan to attend. Accordingly, we request that you vote at your earliest convenience. Further instructions are contained in the proxy card. By Order of the Board of Directors Julie M. Davis, Secretary East Aurora, New York Dated: March 26, 2024 IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF SHAREHOLDERS TO BE HELD MAY 8, 2024: The proxy materials and 2023 Annual Report to Shareholders are available at http://materials.proxyvote.com/046433 or may be requested by telephone at 1-800-579-1639. PROXY STATEMENT FOR ANNUAL MEETING OF SHAREHOLDERS MAY 8, 2024 This Proxy Statement and the form of proxy are furnished to the shareholders of Astronics Corporation, a New York corporation ("Astronics" or the "Company"), in connection with the solicitation of proxies by the Board of Directors of the Company for use at the Annual Meeting of Shareholders (the "Annual Meeting") to be held on Wednesday, May 8, 2024, at PECO, Inc., 11241 SE Highway

View Full Filing

View this DEF 14A filing on SEC EDGAR