AstroNova settles MTEX dispute with €2.5M property

AstroNova, Inc. entered into a settlement on May 15, 2026 to resolve all claims related to its May 2024 acquisition of MTEX New Solution, S.A. in Portugal.

Rhea-AI Filing Summary

AstroNova, Inc. entered into a settlement on May 15, 2026 to resolve all claims related to its May 2024 acquisition of MTEX New Solution, S.A. in Portugal. Under the agreement, Atlantiprestigio will transfer to AstroNova Portugal an industrial property in Porto valued at €2.5 million, and will waive all amounts due from MTEX under the related lease.

The company and AstroNova Portugal also agreed to cause Mr. Ferreira and his spouse to be released from certain personal guarantees on MTEX loans. Once the property is definitively registered in AstroNova Portugal’s name, all parties will terminate the ongoing arbitration in Oporto and grant mutual releases, including an agreement on allocation of arbitration costs.

Insights

Litigation and corporate strategy analyst

AstroNova converts a disputed MTEX lease into owned real estate and ends arbitration.

AstroNova, its Portuguese subsidiary, MTEX, and counterparties agreed a comprehensive settlement tied to the May 2024 MTEX acquisition. Atlantiprestigio will transfer the leased Porto industrial property, valued at €2.5 million, to AstroNova Portugal and waive lease claims.

The settlement also provides for releases of certain personal guarantees on MTEX loans and termination of arbitration proceedings in Oporto after property registration. This removes legal uncertainty around the MTEX deal and converts ongoing lease obligations into direct property ownership, though the filing does not quantify broader financial impact.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Property value: €2.5 million

1 metrics

Property value €2.5 million Value agreed for Porto industrial property in settlement

Key Terms

Settlement, arbitration proceedings, mutual release, personal guarantees

4 terms

Settlement financial

"entered into a settlement (the “Settlement”) with Eloi Serafim Alves Ferreira"

Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.

arbitration proceedings regulatory

"agreed to terminate the currently pending arbitration proceedings pending in the Arbitration Center"

Arbitration proceedings are a private legal process where disputing parties present their case to one or more neutral arbitrators who act like a referee and issue a usually binding decision instead of going to court. For investors this matters because arbitration outcomes can require companies to pay damages, change business terms or face operational limits, affecting cash flow, risk exposure and the timing or tone of public disclosures.

mutual release legal

"The Settlement includes a mutual release of all claims between the parties"

personal guarantees financial

"agreed to cause Mr. Ferreira and his spouse to be released from certain personal guarantees"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What dispute did AstroNova (ALOT) resolve in this 8-K filing?

AstroNova resolved all claims related to its May 2024 acquisition of MTEX New Solution, S.A. through a settlement. The agreement covers the MTEX facility lease, related guarantees, and ongoing arbitration in Oporto, Portugal, which will be terminated after the settlement steps are completed.

What does AstroNova receive under the MTEX settlement valued at €2.5 million?

AstroNova’s Portuguese subsidiary will receive ownership of an industrial property in Porto, Portugal, currently leased by MTEX, valued at €2.5 million. In addition, the property owner Atlantiprestigio will waive all amounts due from MTEX under the existing lease agreement for that facility.

How does the AstroNova MTEX settlement affect lease obligations for ALOT?

The settlement eliminates MTEX’s lease payments to Atlantiprestigio for the Porto industrial property. Atlantiprestigio will transfer the property to AstroNova Portugal and waive its right to receive any amounts under the current lease, replacing ongoing lease commitments with direct property ownership.

What happens to the arbitration involving AstroNova and MTEX after the settlement?

After the property is definitively registered in AstroNova Portugal’s name, all parties agreed to terminate the arbitration pending at the Arbitration Center in Oporto. The settlement includes mutual releases of claims and an agreement on how arbitration costs will be allocated among the parties.

How are personal guarantees handled in AstroNova’s MTEX settlement?

AstroNova and its subsidiary AstroNova Portugal agreed to cause Mr. Ferreira and his spouse to be released from certain personal guarantees on loans extended to MTEX. This shifts responsibility away from these individuals as part of the broader resolution of MTEX-related disputes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/18/2026 - 07:20 AM Learn about SEC filing dates

false 0000008146 0000008146 2026-05-15 2026-05-15

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): May 15, 2026

ASTRONOVA, INC.

(Exact name of registrant as specified in its charter)

Rhode Island		0-13200		05-0318215
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

600 East Greenwich Avenue

West Warwick, RI 02893

(Address of principal executive offices) (Zip Code)

(401) 828-4000

Registrant’s telephone number, including area code

Not applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class		Trading Symbol(s)		Name of Each Exchange on which Registered
Common Stock, $0.05 Par Value		ALOT		NASDAQ Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On May 15, 2026 we, together with our subsidiaries AstroNova Portugal, Unipessoal (“AstroNova Portugal”) and MTEX New Solution, S.A. (“MTEX”) entered into a settlement (the “Settlement”) with Eloi Serafim Alves Ferreira, Effort Premier Solutions, LDA. (“Effort”) and Atlantiprestigio – Imobiliaria, S.A. (“Atlantiprestigio”) pursuant to which the parties agreed to resolve and release any and all claims against one another arising out of and relating to the acquisition of MTEX by AstroNova Portugal in May 2024.

Under the terms of the Settlement, among other things, Atlantiprestigio will transfer to AstroNova Portugal an industrial property located in Porto, Portugal (the “Property”), which is currently leased by MTEX from Atlantiprestigio, and Atlantiprestigio will waive its right to receive any amounts from MTEX under the lease agreement relating to the Property. For purposes of the settlement, the parties agreed that the value of the Property is €2.5 million. Simultaneously with the execution of the Settlement, we and AstroNova Portugal agreed to cause Mr. Ferreira and his spouse to be released from certain personal guarantees for loans extended to MTEX.

Upon the completion of the definitive registration of the Property in the name of AstroNova Portugal with the appropriate governmental authorities in Portugal, we, AstroNova Portugal, Mr. Ferreira and Effort agreed to terminate the currently pending arbitration proceedings pending in the Arbitration Center in Oporto, Portugal. The Settlement includes a mutual release of all claims between the parties and an agreement with regard to the allocation of the costs of the arbitration.

The forgoing description of the terms of the Settlement does not purport to be complete and is qualified in its entirety by reference to the full text of the Settlement, a copy of which is filed herewith as Exhibit 10.1.

Item 9.01 Financial Statement and Exhibits.

(d) Exhibits

Exhibit No.		Exhibit
10.1		Settlement dated May 15, 2026 by and among AstroNova, Inc., AstroNova Portugal, Unipessoal, MTEX New Solution, S.A., Eloi Serafim Alves Ferreira, Effort Premier Solutions, LDA., and Atlantiprestigio – Imobiliaria, S.A.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				ASTRONOVA, INC.
Dated: May 18, 2026				By:		/s/ Thomas D. DeByle
						Thomas D. DeByle
						Vice President, Chief Financial Officer and Treasurer

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EX-10.1 145.8 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 16.8 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 10.6 KB