ALOT AstroNova, Inc.
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Executive Summary
AstroNova filed Amendment No. 1 to its 10-K for FY2026 (ended Jan 31, 2026) solely to add Part III information (directors, executive compensation, security ownership, related transactions, and auditor fees) that was omitted from the original filing because the definitive proxy statement was not filed within 120 days of fiscal year-end. The amendment does not restate financials, correct errors, or update any other disclosures from the original 10-K. New CEO/CFO certifications under Section 302 are included as exhibits.
Actionable Insight
This is a purely administrative amendment to add Part III disclosures — no financial restatement, no error correction, no change to the business outlook. The filing does not alter the company's fundamental trajectory. Monitor the next quarterly filing for any guidance updates or operational improvement signals under the new CEO.
Key Facts
- Amendment adds Part III items (directors, executive compensation, beneficial ownership, related transactions, auditor fees) that were missing from the original 10-K filed April 15, 2026.
- No restatement of financial statements, no error correction, no change to previously reported financials.
- Auditor remains Wolf & Company, P.C.; audit fees were $576,000 for FY2026 vs. $405,000 for FY2025.
- Net income for FY2026 was a loss of $2.376 million, compared to a loss of $14.489 million in FY2025 and income of $4.694 million in FY2024.
- Revenue for FY2026 was $150.515 million, below the STIP threshold of $160 million; only one NEO (Mr. Carll) earned a $25,364 STIP bonus.
- Former CEO Gregory Woods received severance of $131,431 in FY2026 plus ongoing payments; his employment terminated July 16, 2025.
- Askeladden Capital Management (9.4%), Juniper Targeted Opportunity Fund (7.1%), Peter Kamin (5.8%), and Dimensional Fund Advisors (5.7%) are the largest 5% holders.
- New CEO Jorik Ittmann received a $1.5 million time-based RSU grant vesting August 15, 2028, and a stock-settled performance award with reference value of $225,753.
- Executive Chairman Darius Nevin received 30,000 stock options at $11.10 exercise price, vesting over six months.
- Stock-settled performance awards for FY2028 are tied to 20-30% cumulative organic revenue growth and adjusted EPS of $1.35-$1.85.
Financial Impact
No financial restatement or material financial change. FY2026 net loss of $2.376 million vs. FY2025 loss of $14.489 million. Revenue of $150.515 million missed all STIP thresholds except Aerospace Segment Adjusted Operating Cash Flow (1.14% of target bonus earned).
Risk Factors
- Revenue of $150.5M missed all STIP thresholds except one, indicating broad operational underperformance in FY2026.
- Net loss for FY2026 ($2.376M) marks the second consecutive year of losses, though improved from FY2025's $14.489M loss.
- Heavy equity grant dilution: CEO Ittmann received 130,775 RSUs vesting in 2028, representing ~1.7% of outstanding shares.
- Former CEO Woods retains 317,119 shares (4.1%) and has exercisable options through July 2026, creating potential overhang.
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-K/A Filing (Primary) | 0001193125-26-251606 |
| Document: d154617dex314.htm | 0001193125-26-251606 |
| Document: d154617dex313.htm | 0001193125-26-251606 |
| Document: 0001193125-26-251606-index-headers.html | 0001193125-26-251606 |
| Document: 0001193125-26-251606-index.html | 0001193125-26-251606 |
| Document: 0001193125-26-251606.txt | 0001193125-26-251606 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
6d ago
|
8-K
| $14.57 awaiting T+1 | awaiting T+1 | — | $16.97 (+16.47%) |
|
Jun 1, 2026
13d ago
|
10-K/A
| $15.28 $15.19 | ▼ −0.59% | ▲ +0.13% | $16.97 (+11.06%) |
|
May 18, 2026
27d ago
|
8-K
| $14.28 $14.02 | ▼ −1.82% | ▼ −1.17% | $16.97 (+18.84%) |
|
May 12, 2026
4w ago
|
8-K
| $14.55 $14.55 | · 0.00% | ▲ +0.00% | $16.97 (+16.63%) |
|
Apr 14, 2026
8w ago
|
8-K
| $11.78 $12.00 | ▲ +1.87% | ▲ +1.09% | $16.97 (+44.06%) |
US Market Status
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