ASTRONICS CORPORATION (NASDAQ:ATRO) Files An 8-K Other Events
Item 8.01 Other Events
Company), has determined to monetize a portion of his equity
position in the Companys common stock in a systematic,
non-discretionary manner with minimal market impact and in
accordance with applicable law and regulations.
1934, as amended, Mr. McKenna adopted a written plan on February
23, 2017 relating to future sales of the Companys common stock.
Mr. McKennas plan will begin on March 31, 2017 and will continue
until February 21, 2018, unless sooner terminated. Under Mr.
McKennas plan, he will place an order to sell shares of the
Companys common stock on the open market and at prevailing market
prices, subject to a price floor of $39.00 per share, as follows:
|
Effective Date
of Order
|
Number of
Common Shares
|
Expiration Date
of Order
|
||
|
3/31/2017
|
15,000
|
2/21/2018
|
||
|
4/28/2017
|
15,000
|
2/21/2018
|
||
|
5/31/2017
|
15,000
|
2/21/2018
|
About ASTRONICS CORPORATION (NASDAQ:ATRO)
Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems. The Company operates through two segments: Aerospace and Test Systems. The Company’s Aerospace segment designs and manufactures products for the global aerospace industry. Its product lines include lighting and safety systems, electrical power generation, distribution and motions systems, aircraft structures, avionics products, systems certification and other products. The Company’s Test Systems segment designs, develops, manufactures and maintains automated test systems that support the semiconductor, aerospace, communications and weapons test systems, as well as training and simulation devices for both commercial and military applications. ASTRONICS CORPORATION (NASDAQ:ATRO) Recent Trading Information
ASTRONICS CORPORATION (NASDAQ:ATRO) closed its last trading session up +1.33 at 34.49 with 132,429 shares trading hands.