{"id":969063,"date":"2026-06-01T10:05:23","date_gmt":"2026-06-01T14:05:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/astronics-announces-20-class-b-stock-distribution\/"},"modified":"2026-06-01T10:05:23","modified_gmt":"2026-06-01T14:05:23","slug":"astronics-announces-20-class-b-stock-distribution","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/astronics-announces-20-class-b-stock-distribution\/","title":{"rendered":"Astronics Announces 20% Class B Stock Distribution"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Astronics Announces 20% Class B Stock Distribution<\/b><\/p>\n<p><b><i>Common and Class B shareholders to receive one Class B share for every 5 shares of Common Stock or Class B Stock held<\/i><\/b><\/p>\n<p>EAST AURORA, N.Y.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.astronics.com%2F&amp;esheet=54544983&amp;newsitemid=20260601261037&amp;lan=en-US&amp;anchor=Astronics+Corporation&amp;index=1&amp;md5=ca693075bba15ad9c67080a6c9b29897\">Astronics Corporation<\/a> (Nasdaq: ATRO), a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission critical industries, today announced a 20% stock distribution of Class B Stock to holders of both Common and Class B Stock. Shareholders will receive one share of Class B Stock for every five shares of Common and Class B Stock held on the record date of June 15, 2026. The Company expects the new shares of Class B Stock to be distributed on or about June 29, 2026. Fractional shares will be paid in cash.<\/p>\n<p>\nPeter J. Gundermann, President and Chief Executive Officer of Astronics, commented, \u201cWe have a long history of ratably distributing Class B shares to all shareholders and our Board of Directors has elected to continue this custom. We believe it rewards our current shareholders and encourages long-term ownership and interest in Astronics.\u201d<\/p>\n<p>\nAstronics initially distributed shares of Class B Stock to Common and Class B shareholders in 1987, and this would make the fifteenth distribution since that time. After the distribution, approximately 32.1 million Common and 10.9 million Class B shares are expected to be outstanding.<\/p>\n<p>\nAstronics\u2019 Class B Stock is entitled to ten votes per share while its Common Stock is entitled to one vote per share. The economic value of one share of Class B Stock is equivalent to one share of Common Stock. Class B Stock is not a tradable security, but is convertible at any time and without cost to the shareholder, into one share of Astronics Corporation Common Stock, which is tradable and provides shareholders of Class B Stock access to the market. Subject to certain exceptions specified in our Restated Certificate of Incorporation, as amended, shares of Class B Stock automatically convert into an equal number of shares of Common Stock upon transfer.<\/p>\n<p>\nInformation regarding the Class B Stock distribution and instructions to convert Class B Stock into Common Stock can be found in the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Finvestors.astronics.com%2Fcompany-information%2Ffaq&amp;esheet=54544983&amp;newsitemid=20260601261037&amp;lan=en-US&amp;anchor=Frequently+Asked+Questions&amp;index=2&amp;md5=66e8aee8df7af6e25e2f91600b3dc688\">Frequently Asked Questions<\/a> page of the Investor Relations section of the Astronics website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Finvestors.astronics.com&amp;esheet=54544983&amp;newsitemid=20260601261037&amp;lan=en-US&amp;anchor=investors.astronics.com&amp;index=3&amp;md5=dc0824639ce54413d66435ed8090d121\">investors.astronics.com<\/a>. Registered shareholders and brokers may contact the Company\u2019s transfer agent, EQ Shareowner Services at (800) 468-9716, regarding the conversion of Class B Stock to Common Stock. EQ Shareowner Services is the agent for the distribution.<\/p>\n<p><b>ABOUT ASTRONICS CORPORATION<\/b><\/p>\n<p>\nAstronics Corporation (Nasdaq: ATRO) serves the world\u2019s aerospace, defense, and other mission-critical industries with proven innovative technology solutions. Astronics works side-by-side with customers, integrating its array of power, connectivity, lighting, structures, interiors, and test technologies to solve complex challenges. For over 50 years, Astronics has delivered creative, customer-focused solutions with exceptional responsiveness. Today, global airframe manufacturers, airlines, military branches, completion centers, and Fortune 500 companies rely on the collaborative spirit and innovation of Astronics. The Company\u2019s strategy is to increase its value by developing technologies and capabilities that provide innovative solutions to its targeted markets.<\/p>\n<p>\nAdditional information on Astronics and its solutions can be found at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.astronics.com%2F&amp;esheet=54544983&amp;newsitemid=20260601261037&amp;lan=en-US&amp;anchor=Astronics.com&amp;index=4&amp;md5=690134906fcbf9a4b33969d78f9aad03\">Astronics.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260601261037r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260601261037\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260601261037\/en\/<\/a><\/span><\/p>\n<p><b><i>Company:<br \/>\n<\/i><\/b><br \/>Nancy L. Hedges, Chief Financial Officer<br \/>\n<br \/>Phone: (716) 805-1599<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:invest@astronics.com\">invest@astronics.com<\/a><\/p>\n<p><b><i>Investor Relations:<br \/>\n<\/i><\/b><br \/>Deborah K. Pawlowski, Alliance Advisors LLC<br \/>\n<br \/>Phone: (716) 843-3908<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:dpawlowski@allianceadvisors.com\">dpawlowski@allianceadvisors.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Mobile\/Wireless Other Defense Electronic Design Automation Consumer Electronics Batteries Technology Defense Engineering Air Transport Aerospace Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260601261037\/en\/1119282\/3\/ATRO_Logo_transparent_background.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Astronics Announces 20% Class B Stock Distribution Common and Class B shareholders to receive one Class B share for every 5 shares of Common Stock or Class B Stock held EAST AURORA, N.Y.&#8211;(BUSINESS WIRE)&#8211;Astronics Corporation (Nasdaq: ATRO), a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission critical industries, today announced a 20% stock distribution of Class B Stock to holders of both Common and Class B Stock. Shareholders will receive one share of Class B Stock for every five shares of Common and Class B Stock held on the record date of June 15, 2026. The Company expects the new shares of Class B Stock to be distributed on or about June 29, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/astronics-announces-20-class-b-stock-distribution\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Astronics Announces 20% Class B Stock Distribution&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-969063","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Astronics Announces 20% Class B Stock Distribution - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/astronics-announces-20-class-b-stock-distribution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Astronics Announces 20% Class B Stock Distribution - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Astronics Announces 20% Class B Stock Distribution Common and Class B shareholders to receive one Class B share for every 5 shares of Common Stock or Class B Stock held EAST AURORA, N.Y.&#8211;(BUSINESS WIRE)&#8211;Astronics Corporation (Nasdaq: ATRO), a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission critical industries, today announced a 20% stock distribution of Class B Stock to holders of both Common and Class B Stock. Shareholders will receive one share of Class B Stock for every five shares of Common and Class B Stock held on the record date of June 15, 2026. 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Shareholders will receive one share of Class B Stock for every five shares of Common and Class B Stock held on the record date of June 15, 2026. 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