Askeladden capital nominates five candidates for election to astronova's board of directors at 2025 annual meeting

Five-member slate brings specific and relevant expertise to oversee a value-restoring turnaround believes significant boardroom change is warranted following years of shareholder value destruction, including disastrous recent acquisition of mtex that resulted in 70% impairment and covenant breach / event of default upcoming annual meeting provides opportunity for shareholders to elect leaders who will hold management accountable, and work to maximize shareholder value fort worth, tx / access newswire / april 3, 2025 / dear fellow shareholders, i believe that astronova inc. (nasdaq:alot) is a fundamentally high-quality business, with leading competitive positions in niche markets and a large base of recurring revenue from supplies and long-term contracts. despite these attractive qualities, during the incumbent board's tenure, we owners of alot have suffered severe short and long-term shareholder value destruction.
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