Astronics (Nasdaq: ATRO) declares 20% Class B stock distribution
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Astronics Corporation announced a 20% stock distribution of Class B Stock to holders of both its Common and Class B shares. Shareholders will receive one Class B share for every five shares of Common and Class B Stock held on the record date of June 15, 2026, with distribution expected on or about June 29, 2026. Fractional entitlements will be settled in cash.
After the distribution, Astronics expects approximately 32.1 million Common shares and 10.9 million Class B shares to be outstanding. Class B Stock carries ten votes per share versus one vote for Common Stock, but each Class B share has the same economic value as one Common share and is convertible at any time, without cost, into Common Stock, which is tradable on Nasdaq.
Positive
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Negative
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8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Stock distribution rate: 20% Class B Stock
Distribution ratio: 1 Class B share per 5 shares
Record date: June 15, 2026
+4 more
7 metrics
Stock distribution rate
20% Class B Stock
Distribution to holders of Common and Class B Stock
Distribution ratio
1 Class B share per 5 shares
Applied to Common and Class B shares held on record date
Record date
June 15, 2026
Date determining eligibility for Class B Stock distribution
Expected distribution date
On or about June 29, 2026
Estimated timing for issuing new Class B shares
Post-distribution Common shares
32.1 million shares
Common shares expected outstanding after distribution
Post-distribution Class B shares
10.9 million shares
Class B shares expected outstanding after distribution
Voting rights per Class B share
10 votes per share
Compared with one vote per Common share
Key Terms
Class B Stock, record date, fractional shares, Restated Certificate of Incorporation, +2 more
6 terms
Class B Stock financial
"announced a 20% stock distribution of Class B Stock to holders of both Common and Class B Stock"
Class B stock is a type of company share that usually carries different voting or economic rights than the more common Class A shares — for example, fewer votes per share or different dividend rules. Investors care because those differences affect control and potential returns: it’s like owning a cheaper seat at an event that gives less say over what happens, so Class B shares can trade at different prices and influence how much sway a shareholder has over company decisions.
record date financial
"held on the record date of June 15, 2026"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
Restated Certificate of Incorporation regulatory
"specified in our Restated Certificate of Incorporation, as amended, shares of Class B Stock automatically convert"
A restated certificate of incorporation is an updated, single-document version of a company’s founding rules that folds together the original charter and all later changes into one clear set of terms — like replacing a patchwork manual with a clean, revised edition. Investors care because it clarifies ownership details, voting rights, share classes and other legal rules that affect control, dividends and how value is created or diluted, so it can change the risks and benefits of owning the stock.
transfer agent financial
"Registered shareholders and brokers may contact the Company’s transfer agent, EQ Shareowner Services"
A transfer agent is a financial service that keeps the official record of who owns a company's shares, handles the buying and selling of those shares on paper or electronically, and issues or cancels stock certificates. Think of it as the company’s records keeper and mailroom combined—investors rely on it to make sure dividends, shareholder mailings, ownership changes, and proxy voting are processed accurately and securely, which protects ownership rights and helps prevent errors or fraud.
mission-critical industries technical
"a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission critical industries"
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): June 1, 2026
(Exact name of registrant as specified in its charter)
| (State of Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | |||||||||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||||||||
Registrant's telephone number, including area code: (716 ) 805-1599
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:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
Securities registered pursuant to Section 12(g) of the Act: None
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 7.01 Regulation FD Disclosure.
On June 1, 2026, Astronics Corporation announced a 20% stock distribution of Class B Stock to holders of both Common and Class B Stock. Stockholders 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. Fractional shares will be paid in cash. Astronics Corporation expects the new shares of Class B Stock to be distributed on or about June 29, 2026.
The text of the press release announcing the Class B Stock distribution is furnished as Exhibit 99.1 to this report.
The information contained herein and in the accompanying exhibit shall not be incorporated by reference into any filing of the registrant, whether made before or after the date hereof, regardless of any general incorporation language in such filing. The information in this report including the exhibit hereto, shall not be deemed to be “filed” for purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits.
| Exhibit | Description | ||||
99.1 | Press Release of Astronics Corporation, dated June 1, 2026 | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Astronics Corporation | |||||||||||
| Date: | June 1, 2026 | By: | /s/ Nancy L. Hedges | ||||||||
| Nancy L. Hedges | |||||||||||
| Vice President and Chief Financial Officer | |||||||||||
NEWS RELEASE
Exhibit 99.1
For Immediate Release
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, NY, June 1, 2026 – 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, 2026. Fractional shares will be paid in cash.
Peter J. Gundermann, President and Chief Executive Officer of Astronics, commented, “We 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.”
Astronics 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.
Astronics’ 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.
Information regarding the Class B Stock distribution and instructions to convert Class B Stock into Common Stock can be found in the Frequently Asked Questions page of the Investor Relations section of the Astronics website at investors.astronics.com. Registered shareholders and brokers may contact the Company’s 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.
ABOUT ASTRONICS CORPORATION
Astronics Corporation (Nasdaq: ATRO) serves the world’s 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’s strategy is to increase its value by developing technologies and capabilities that provide innovative solutions to its targeted markets.
Additional information on Astronics and its solutions can be found at Astronics.com.
Astronics Corporation press@astronics.com | +1.716.805.1599
130 Commerce Way | East Aurora, NY 14052
Astronics Announces 20% Class B Stock Distribution
June 1, 2026
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| For more information, contact: | |||||||||||||||||
| Company: | Investor Relations: | ||||||||||||||||
| Nancy L. Hedges, Chief Financial Officer | Deborah K. Pawlowski, Alliance Advisors LLC | ||||||||||||||||
| Phone: (716) 805-1599 | Phone: (716) 843-3908 | ||||||||||||||||
| Email: invest@astronics.com | Email: dpawlowski@allianceadvisors.com | ||||||||||||||||
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Astronics Corporation press@astronics.com | +1.716.805.1599
130 Commerce Way | East Aurora, NY 14052
FAQ
What stock distribution did Astronics (ATRO) announce?
Astronics announced a 20% distribution of Class B Stock to holders of its Common and Class B shares. Shareholders receive one Class B share for every five shares held, effectively increasing their share count without changing economic ownership.
What are the key dates for Astronics (ATRO) Class B stock distribution?
The record date is June 15, 2026, determining which shareholders qualify for the Class B distribution. Astronics expects to distribute the new Class B shares on or about June 29, 2026, with any fractional share amounts paid in cash.
How does Astronics Class B Stock differ from Common Stock?
Astronics’ Class B Stock has ten votes per share, while Common Stock has one vote per share. Economically they are equivalent, and each Class B share can be converted at any time, at no cost, into one tradable share of Astronics Common Stock.
Is Astronics Class B Stock tradable on an exchange?
Astronics’ Class B Stock itself is not a tradable security on an exchange. However, each Class B share is convertible, at any time and without cost, into one share of Astronics Common Stock, which trades on Nasdaq under the symbol ATRO.