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AstroNova (Nasdaq: ALOT) has appointed Shawn Kravetz to its Board of Directors, following a Cooperation Agreement with Askeladden Capital Management LLC. Kravetz, who will serve as an independent director on the Nominating and Governance Committee, brings significant experience as the Founder and Chief Investment Officer of Esplanade Capital LLC.
The appointment comes as AstroNova aims to reset its Product Identification segment while leveraging its Aerospace segment's market position. As part of the agreement, Askeladden has committed to certain standstill and voting commitments, including supporting the Board's full slate of directors at the 2025 Annual Meeting.
