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Actionable news in ATRO: Astronics Corporation,

Astronics: Deborah K. Pawlowski, Kei Advisors Llc

The following excerpt is from the company's SEC filing.

Phone: (716) 805-1599, ext. 159

Phone: (716) 843-3908



Astronics Announces 15% Class B Stock Distribution

Common and Class B stockholders to receive Class B Stock

EAST AURORA, NY, September 10, 2015 Astronics Corporation (NASDAQ: ATRO), a leading supplier of products to the global aerospace, defense, consumer electronics and semiconductor industries, announced a 15% stock distribution of Class B Stock to holders of both Common and Class B Stock. Stockholders will receive thre e shares of Class B Stock for every twenty shares of Common and Class B Stock held on the record date of October 8, 2015, with an ex-dividend date of October 6, 2015. The Company expects the new shares to be distributed on or about October 22, 2015. Fractional shares will be paid in cash.

Astronics initially distributed shares of Class B Stock to Common and Class B stockholders in 1987, and has made distributions of Class B shares in each of the previous four years. Currently, there are approximately 17.3 million Common and 4.9 million Class B shares outstanding. After the distribution, approximately 17.3 million Common and 8.2 million Class B shares will be outstanding.

Astronics Class B Stock is entitled to ten votes per share while 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 all times and without cost to the...