ISS Backs Askeladden Capital’s Call for Change at AstroNova

The independent proxy advisory firm, Institutional Shareholder Services Inc. (ISS), has endorsed a significant change at AstroNova's Board. ISS has criticized the current board's lack of independence and oversight. A major concern is the management's ability to recover from external impacts and maintain credibility.

ISS has questioned AstroNova’s recent portrayal of the MTEX acquisition as a minor hiccup, noting a severe financial hit from this transaction. Askeladden’s nominees, including Samir Patel and Jeff Sands, are highlighted by ISS for their potential to provide crucial independence and improved oversight.

Shareholders are encouraged by Askeladden to vote in favor of these candidates on the GOLD proxy card for a more responsive and effective board, aiming to revitalize shareholder value at AstroNova.