AstroNova, Inc. announced that its Board of Directors has approved a new share-based long-term incentive plan for its executive team and segment leadership. This plan directly ties executive compensation to 3-year revenue growth and adjusted earnings per share targets, aiming to enhance accountability and align leadership interests with shareholder value.
The company stated that this new incentive program is a direct response to shareholder feedback and a commitment to improving financial performance. The Board believes this structure will strongly connect executive pay to the long-term interests of shareholders and increase the level of accountability for executing AstroNova's strategy.
This announcement comes amidst an ongoing proxy contest, with AstroNova's board defending its actions and strategy against criticisms from activist investor Samir Patel. The company highlighted its first-quarter fiscal 2026 results, which showed 14% revenue growth driven by double-digit growth in both segments, as an early indicator of progress.
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