[8-K] AstroNova, Inc. Reports Material Event

Rhea-AI Filing Summary

First Busey Corp. (BUSE) – SEC Form 4 filing dated 07/29/2025

Director Jennifer M. Grigsby reported the automatic acquisition of 36 common shares on 07/25/2025. The shares represent dividend-equivalent rights credited to her Deferred Stock Units following the company’s cash dividend. The transaction was priced at $0 because it reflects a dividend accrual rather than an open-market purchase.

After the credit, Grigsby’s direct holdings rise to 21,801 shares. She also maintains an indirect stake of 25,637 shares held through the Jennifer M. Grigsby Living Trust. No derivative securities were reported.

The change is administrative, adds an immaterial number of shares, and does not alter control dynamics or signal insider sentiment. No other transactions, sales, or option exercises were disclosed.

Insights

Equity Analyst

TL;DR: Routine dividend-equivalent credit; negligible market impact.

The filing records a non-cash credit of 36 shares to Director Grigsby’s account. Such adjustments are ordinary when companies pay cash dividends on deferred stock units. Her direct ownership rises <1% and remains immaterial relative to First Busey’s ~56 million-share float. No buy-or-sell signal, no change in board composition, and no derivative activity were disclosed. Investors should treat this as a compliance update rather than a valuation driver.

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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): July 23, 2025

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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e)

As previously reported, on June 29, 2025, Darius G. Nevin was appointed Interim President and Chief Executive Officer of AstroNova, Inc. (the “Company”).

On July 23, 2025, the Company entered into a letter agreement with Mr. Nevin outlining the terms of his at-will employment. Pursuant to the agreement, Mr. Nevin will receive an annual base salary of $260,000 and has been granted an option to purchase 30,000 shares of the Company’s common stock, par value $0.05 per share, with the option vesting in increments of 5,000 shares each month from July through December 2025, provided he remains employed or serves as a director on each vesting date. In the event of termination other than for cause, Mr. Nevin will have up to one year to exercise any vested options. The agreement also provides for reimbursement of reasonable travel-related expenses, including travel between Miami and Rhode Island, and, if any such reimbursements are treated as taxable income, the Company will provide a tax gross-up to ensure Mr. Nevin is in the same after-tax position as if no such tax liability had arisen. Mr. Nevin is also eligible to participate in the Company’s employee benefit plans.

The description of the letter agreement contained herein is qualified in its entirety by reference to the full text of the letter agreement, which is attached as Exhibit 10.1 hereto and incorporated herein by reference.

Item 9.01 Financial Statement and Exhibits.

(d) Exhibits

Exhibit No.		Exhibit
10.1		Letter Agreement dated July 23, 2025 between the Company and Darius G. Nevin
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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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: July 29, 2025				By:		/s/ Thomas D. DeByle
						Thomas D. DeByle
						Vice President, Chief Financial Officer and Treasurer

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FAQ

How many First Busey (BUSE) shares did Director Jennifer Grigsby acquire?

36 common shares were credited as dividend-equivalent rights on 07/25/2025.

Did the insider pay for the newly acquired BUSE shares?

No. The shares were issued at $0 as they represent dividend equivalents on Deferred Stock Units.

What is Jennifer Grigsby’s total direct ownership after the transaction?

She now directly owns 21,801 BUSE shares.

Does the director hold additional shares indirectly?

Yes. The Jennifer M. Grigsby Living Trust holds 25,637 shares.

Is this Form 4 filing considered material to BUSE investors?

The acquisition is administrative and involves a very small number of shares, so it is not viewed as material.