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FAQs

Investor FAQs

1. What is Astronics' ticker symbol and where is Astronics' stock traded?
2. What is Astronics' fiscal year end?
3. What was the date of Astronics' Initial Public Offering?
4. How many shares of Astronics stock are outstanding?
5. How can I obtain an Astronics Investor Information Package or other company-related financial information?
6. Which Investment Analysts follow Astronics?
7. Can I have access to the quarterly financial analyst conference calls?
8. How do I reach Investor Relations at Astronics?
9. Where can I find information about Astronics' executive management?
10. Who is the current transfer agent?
11. Whom do I contact with questions about transferring shares, if I've lost my stock certificate or if I need to change my address?
12. Who is Astronics' outside legal counsel?
13. Who are Astronics' independent accountants?
14. Where is Astronics' Corporate Headquarters located?
15. Where are the Astronics offices located?

Class B Stock FAQs

1. Is there a market for the Class B Stock?
2. I have 100 shares of Class B Stock. What is the simplest way to sell them?
3. What is the value of the Class B Stock?
4. My shares of ATRO are in street name. Will the Class B shares that are distributed as a stock dividend be in street name?
5. What happens to my Class B shares held in street name if I change brokers?
6. Can I transfer Class B shares distributed to me in street name into my own name?
7. What happens if I transfer Class B shares held in my own name to street name?
8. Can I transfer Class B shares by gift or bequest?
9. My broker can't find the CUSIP Number for the Class B Stock. What is it?
10. My broker claims the Class B Stock is restricted and can't be accepted by his company. Is he right? What can I do?

September 2016 15% Stock Distribution Information

On September 26, 2016, Astronics Corporation announced a 15% distribution of Class B Stock to holders of both Common and Class B Stock. Stockholders receive three shares of Class B Stock for every twenty shares of Common and Class B Stock held on the record date of October 11, 2016, with an ex-dividend date of October 6, 2016. Fractional shares will be paid in cash. New shares are distributed on or about October 18, 2016. [IRS Form 8937]
1. I own Astronics shares. What did I get as a result of the 15% stock distribution?
2. What is the cost-basis for the 15% stock distribution?
3. Who can I contact for questions about the 15% stock distribution?

September 2015 15% Stock Distribution Information

On September 10, 2015, Astronics Corporation announced a 15% distribution of Class B Stock to holders of both Common and Class B Stock. Stockholders receive three shares of Class B Stock for every twenty shares of Common and Class B Stock held on the record date of October 8, 2015, with an ex-dividend date of October 6, 2015. Fractional shares will be paid in cash. New shares are distributed on or about October 22, 2015. [IRS Form 8937]
1. I own Astronics shares. What did I get as a result of the 15% stock distribution?
2. What is the cost-basis for the 15% stock distribution?
3. Who can I contact for questions about the 15% stock distribution?

2014 One-for-Five Stock Distribution Information

On August 21, 2014, Astronics Corporation announced a one-for-five distribution of Class B Stock to holders of both Common and Class B Stock. Stockholders receive one share of Class B Stock for every five shares of Common and Class B Stock held on the record date of September 5, 2014, with an ex-dividend date of September 3, 2014. Fractional shares are paid in cash. New shares are distributed on or about September 19, 2014.
[IRS Form 8937]
1. I own Astronics shares. What did I get as a result of the one-for-five stock distribution?
2. What is the cost-basis for the one-for-five stock distribution?
3. Who can I contact for questions about the one-for-five stock distribution?

2013 One-for-Five Stock Distribution Information

On September 27, 2013, Astronics Corporation announced a one-for-five distribution of Class B Stock to holders of both Common and Class B Stock. Stockholders receive one share of Class B Stock for every five shares of Common and Class B Stock held on the record date of October 10, 2013. Fractional shares are paid in cash. New shares are distributed on or about October 24, 2013. [IRS Form 8937]
1. I own Astronics shares. What did I get as a result of the one-for-five stock distribution?
2. What is the cost-basis for the one-for-five stock distribution?
3. Who can I contact for questions about the one-for-five stock distribution?

2012 Three-for-Twenty Stock Distribution Information

On October 15, 2012, Astronics Corporation announced a three-for-twenty distribution of Class B Stock to holders of both Common and Class B Stock. Stockholders received three shares of Class B Stock for every twenty shares of Common and Class B Stock held on the record date of October 29, 2012. Fractional shares were paid in cash. New shares were distributed on or about November 12, 2012 [IRS Form 8937] , and is subject to Non-Resident withholding tax.
1. I own Astronics shares. What did I get as a result of the three-for-twenty stock distribution?
2. What is the cost-basis for the three-for-twenty stock distribution?
3. Who can I contact for questions about the three-for-twenty stock distribution?

2011 One-for-Ten Stock Distribution Information

On August 2, 2011, Astronics Corporation announced a one-for-ten distribution of Class B Stock to holders of both Common and Class B Stock. Stockholders received one share of Class B Stock for every ten shares of Common and Class B Stock held on the record date of August 16, 2011. Fractional shares were paid in cash. New shares were distributed on or about August 30, 2011 [IRS Form 8937], and is subject to Non-Resident withholding tax.
1. I own Astronics shares. What did I get as a result of the one-for-ten stock distribution?
2. What is the cost-basis for the one-for-ten stock distribution?
3. Who can I contact for questions about the one-for-ten stock distribution?

2008 One-for-Four Stock Distribution Information

On September 16, 2008, Astronics Corporation announced a one-for-four distribution of Class B Stock to holders of both Common and Class B Stock. Stockholders received one share of Class B Stock for every four shares of Common and Class B Stock held on the record date of October 6, 2008. Fractional shares were paid in cash. New shares were distributed on or about October 17, 2008, and is subject to Non-Resident withholding tax.

1. I own Astronics shares. What did I get as a result of the one-for-four stock distribution?
2. What is the cost-basis for the one-for-four stock distribution?
3. Who can I contact for questions about the one-for-four stock distribution?

Investor FAQs


1. What is Astronics' ticker symbol and where is Astronics' stock traded?
Astronics' ticker symbol is ATRO. Astronics common stock is traded on the NASDAQ stock exchange.

2. What is Astronics' fiscal year end?
December 31.

3. What was the date of Astronics's Initial Public Offering?
Astronics' first public trading date was in April 1972.

4. How many shares of Astronics stock are outstanding?
Refer to the most recent form 10-Q or form 10-K in the SEC Filings Section for a recent count of Astronics' outstanding shares.

5. How can I obtain an Astronics Investor Information Package or other company-related financial information?
Refer to the SEC Filings section for online versions of financial documents such as form 10-Q, 10-K. Fill out an Information Request to request printed materials.

6. Which Investment Analysts follow Astronics?
The following research firms cover Astronics: Analysts Coverage

7. Can I have access to the quarterly financial analyst conference calls?
Astronics provides an audio webcast and replay of financial conference calls in the Calendar of Events section. You can fill out an Email Alert to be notified.

8. How do I reach Investor Relations at Astronics?
Contact Investor Relations at invest@astronics.com.

9. Where can I find information about Astronics’ executive management?
Information on Pete Gundermann, CEO, and Dave Burney, CFO, can be found in the Investor Relations section of this Web site, under Corporate Governance.

10. Who is the current transfer agent?
Effective August 31, 2015, Astronics changed transfer agents, switching from American Stock Transfer to their new provider, Wells Fargo Shareowner Services.

11. Whom do I contact with questions about transferring shares, if I've lost my stock certificate or if I need to change my address?
For shareholder inquiries regarding stock certificate, change or consolidation of accounts, transfer of ownership or other stock matters, please contact our transfer agent:

Wells Fargo Shareowner Services
1110 Centre Pointe Curve, Suite 101
Mendota Heights, MN 55120
Toll-Free: 800.468.9716
Outside the United States: 651.450.4064
Shareowner Relations Specialists
are available Monday through Friday,
from 7:00 a.m. to 7:00 p.m. Central Time
Website: www.shareowneronline.com

Send written correspondence to:
Wells Fargo Shareowner Services
P.O. Box 64874
St Paul, MN 55164-0874

12. Who is Astronics' outside legal counsel?
Hodgson Russ LLP
Buffalo, NY

13. Who are Astronics' independent accountants?
Ernst & Young LLP
Buffalo, NY

14. Where is Astronics' Corporate Headquarters located?
Astronics Corporation
130 Commerce Way
East Aurora, NY 14052
Phone: 716.805.1599
Email: invest@astronics.com
Click here for more information

15. Where are the Astronics offices located?
Astronics offices are located in:
East Aurora, NY (corporate headquarters)
Ft. Lauderdale and Orlando, FL
Kirkland and Everett, WA
Lebanon, NH
Clackamas, OR (2 locations)
Amherst, NH
Irvine, CA
Itasca, IL
Dorval , QC Canada
Montierchaume (Chateauroux), France

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Class B Stock FAQs


1. Is there a market for the Class B Stock?
There is no market for Class B Stock. Each share of Class B Stock is convertible, at all times and without cost to the shareholder, into a share of Common Stock. This conversion feature provides the Class B Stock shareholder access to market.

2. I have 100 shares of Class B Stock. What is the simplest way to sell them?
If you hold your shares in account with a broker: Your broker should contact the transfer agent, Wells Fargo Shareowner Services, at (800) 468-9716. They will instruct your broker as to the mechanics of converting your Class B stock to Common. The Class B converts directly to common, so you can direct your sell order accordingly. There should be no delay or expense involved other than normal commissions.

If you hold your shares in certificate:

Option A: You can first convert your Class B certificate into Common by contacting the transfer agent, Wells Fargo Shareowner Services, at (800) 468-9716 and follow their instructions.

Option B: Deliver to your broker the share certificate for your 100 shares of Class B Stock, properly endorsed. The broker will then submit your share certificate to Astronics Corporation’s transfer agent for you. The transfer agent then issues a certificate for common shares which your broker can then sell for you.

If you hold the shares in certificate, there is time involved in the physical delivery of the certificate. Otherwise, once deposited into a brokerage account, there should be no delay or expense involved other than normal commissions.

3. What is the value of the Class B Stock?
The market value of Astronics Common is the value of the Class B Stock because of the immediate, no cost conversion features of the Class B stock.

4. My shares of ATRO are in street name. Will the Class B shares that are distributed as a stock dividend be in street name?
Class B shares are not DRS/DWAC (direct register system and deposit-withdrawal at custodian) eligible so the only way to get the shares in street name is to have the certificates issued and then have your broker deposit them with the DTC.

5. What happens to my Class B shares held in street name if I change brokers?
You do not have to convert them to Astronics Common. The Class B shares may remain Class B shares as long as you remain the beneficial owner. You must document that the Class B shares are currently held in street name for your account and submit instructions to transfer the shares to the new broker.

6. Can I transfer Class B shares distributed to me in street name into my own name?
Yes.

7. What happens if I transfer Class B shares held in my own name to street name?
Our transfer agent will handle the conversion. Class B shares are not DRS/DWAC (direct register system and deposit-withdrawal at custodian) eligible so the only way to get the shares in street name is to have the certificates issued and then have your broker deposit them with the DTC.

8. Can I transfer Class B shares by gift or bequest?
Yes.

9. My broker can't find the CUSIP Number for the Class B Stock. What is it?
If you hold a Class B Stock certificate, the CUSIP Number is 046433 20 7, as shown on the face of the certificate. Again, you must have a valid certificate.

10. My broker claims the Class B Stock is restricted and can't be accepted by his company. Is he right? What can I do?
Technically, the Class B shares are unrestricted and fully convertible on a one-to-one basis. By accepting the shares the conversion to Astronics Corporation Common occurs automatically when he presents them to the transfer agent. So for all practical purposes the broker is accepting Astronics Corporation Common, which is not restricted.

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September 2016 15% Stock Distribution Information


1. I own Astronics shares. What did I get as a result of the 15% stock distribution?
Stockholders receive three shares of Class B Stock for every twenty shares of Common and Class B Stock held on the record date of October 11, 2016, with an ex-dividend date of October 6, 2016. Fractional shares will be paid in cash. The distribution is on or about October 18, 2016.

2. What is the cost-basis for the 15% stock distribution?
The 15% Class B Stock distribution is not taxable. The cash received for fractional shares is taxable. A shareholder's "total" basis remains unchanged, but the per-share cost allocation is adjusted to 85/15 as shown in the example below:

EXAMPLE: You own 20 shares of Common stock of Astronics Corporation with a cost-basis of $20 per share for a total cost-basis of $400.00. A three-for-twenty Class B Stock distribution is declared. After the stock distribution, you own 20 shares of Common Stock and 3 shares of Class B Stock with a $17.39 per share cost-basis and a total cost-basis of $400.00.

You should contact a tax advisor if you have other specific questions.

3. Who can I contact for questions about the 15% stock distribution?

Registered shareholders and brokers should contact the Company’s transfer agent, Wells Fargo Shareowner Services, at (800) 468-9716 regarding the 15% Class B Stock distribution.”

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September 2015 15% Stock Distribution Information


1. I own Astronics shares. What did I get as a result of the 15% stock distribution?
Stockholders receive three shares of Class B Stock for every twenty shares of Common and Class B Stock held on the record date of October 8, 2015. The distribution is on or about October 22, 2015.

2. What is the cost-basis for the 15% stock distribution?
The 15% Class B Stock distribution is not taxable. The cash received for fractional shares is taxable. A shareholder's "total" basis remains unchanged, but the per-share cost allocation is adjusted to 85/15 as shown in the example below:


EXAMPLE: You own 20 shares of Common stock of Astronics Corporation with a cost-basis of $20 per share for a total cost-basis of $400.00. A three-for-twenty Class B Stock distribution is declared. After the stock distribution, you own 20 shares of Common Stock and 3 shares of Class B Stock with a $17.39 per share cost-basis and a total cost-basis of $400.00.

You should contact a tax advisor if you have other specific questions.

3. Who can I contact for questions about the 15% stock distribution?
Registered shareholders and brokers should contact the Company’s transfer agent, Wells Fargo Shareowner Services, at (800) 468-9716 regarding the 15% Class B Stock distribution.

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2014 One-for-Five Stock Distribution Information


1. I own Astronics shares. What did I get as a result of the one-for-five stock distribution?
Stockholders receive one share of Class B Stock for every five shares of Common and Class B Stock held as of the record date of September 5, 2014. The distribution is on or about September 19, 2014.

2. What is the cost-basis for the one-for-five stock distribution?
The one-for-five Class B Stock distribution is not taxable. The cash received for fractional shares is taxable. A shareholder's "total" basis remains unchanged, but the per-share cost allocation is adjusted to 80/20 as shown in the example below:

EXAMPLE: You own 100 shares of Common stock of Astronics Corporation with a cost-basis of $20 per share for a total cost-basis of $2,000.00. A one-for-five Class B Stock distribution is declared. After the stock distribution, you own 100 shares of Common Stock and 20 shares of Class B Stock with a $16.67 per share cost-basis and a total cost-basis of $2,000.00.

You should contact a tax advisor if you have other specific questions.

3. Who can I contact for questions about the one-for-five stock distribution?
Registered shareholders and brokers should contact the Company’s transfer agent, Wells Fargo Shareowner Services, at (800) 468-9716 regarding the one-for-five Class B Stock distribution.

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2013 One-for-Five Stock Distribution Information


1. I own Astronics shares. What did I get as a result of the one-for-five stock distribution?
Stockholders receive one share of Class B Stock for every five shares of Common and Class B Stock held as of the record date of October 10, 2013. The distribution is on or about October 24, 2013.

2. What is the cost-basis for the one-for-five stock distribution?
The one-for-five Class B Stock distribution is not taxable. The cash received for fractional shares is taxable. A shareholder's "total" basis remains unchanged, but the per share cost allocation is adjusted to 80/20 as shown in the example below:

EXAMPLE: You own 100 shares of Common stock of Astronics Corporation with a cost-basis of $20 per share for a total cost-basis of $2,000.00. A one-for-five Class B Stock distribution is declared. After the stock distribution, you own 100 shares of Common Stock and 20 shares of Class B Stock with a $16.67 per share cost-basis and a total cost-basis of $2,000.00.

You should contact a tax advisor if you have other specific questions.

3. Who can I contact for questions about the one-for-five stock distribution?
Registered shareholders and brokers should contact the Company’s transfer agent, Wells Fargo Shareowner Services, at (800) 468-9716 regarding the one-for-five Class B Stock distribution.

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2012 Three-for-Twenty Stock Distribution Information


1. I own Astronics shares. What did I get as a result of the three-for-twenty stock distribution?
Stockholders received three shares of Class B Stock for every twenty shares of Common and Class B Stock held on the record date of October 29, 2012. The distribution was on or about November 12, 2012.

2. What is the cost-basis for the three-for-twenty stock distribution?
The three-for-twenty Class B Stock distribution is not taxable. The cash received for fractional shares is taxable. A shareholders "total" basis remains unchanged, but the per share cost allocation is adjusted to 85/15 as shown in the example below:

EXAMPLE: You own 20 shares of Common stock of Astronics Corporation with a cost-basis of $20 per share for a total cost-basis of $400.00. A three-for-twenty Class B Stock distribution is declared. After the stock distribution, you own 20 shares of Common Stock and 3 shares of Class B Stock with a $17.39 per share cost-basis and a total cost-basis of $400.00.

You should contact a tax advisor if you have other specific questions.

3. Who can I contact for questions about the three-for-twenty stock distribution?
Registered shareholders and brokers should contact the Company’s transfer agent, Wells Fargo Shareowner Services, at (800) 468-9716 regarding the three-for-twenty Class B Stock distribution.

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2011 One-for-Ten Stock Distribution Information


1. I own Astronics shares. What did I get as a result of the one-for-ten stock distribution?
Stockholders received one share of Class B Stock for every ten shares of Common and Class B Stock held on the record date of August 16, 2011. The distribution was on or about August 30, 2011.

2. What is the cost-basis for the one-for-ten stock distribution?
The one-for-ten Class B Stock distribution is not taxable. The cash received for fractional shares is taxable. A shareholders "total" basis remains unchanged, but the per share cost allocation is adjusted to 90/10 as shown in the example below:

EXAMPLE: You own 100 shares of Common stock of Astronics Corporation with a cost-basis of $20 per share for a total cost-basis of $2,000.00. A one-for-ten Class B Stock distribution is declared. After the stock distribution, you own 100 shares of Common Stock and 10 shares of Class B Stock with a $18.18 per share cost-basis and a total cost-basis of $2,000.00.

You should contact a tax advisor if you have other specific questions.

3. Who can I contact for questions about the one-for-ten stock distribution?
Registered shareholders and brokers should contact the Company’s transfer agent, Wells Fargo Shareowner Services, at (800) 468-9716 regarding the one-for-ten Class B Stock distribution.

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2008 One-for-Four Stock Distribution Information


1. I own Astronics shares. What did I get as a result of the one-for-four stock distribution?
Stockholders received one share of Class B Stock for every four shares of Common and Class B Stock held on the record date of October 6, 2008. The distribution was on or about October 17, 2008.

2. What is the cost-basis for the one-for-four stock distribution?
The one-for-four Class B Stock distribution is not taxable. The cash received for fractional shares is taxable. A shareholders "total" basis remains unchanged, but the per share cost allocation is adjusted to 75/25 as shown in the example below:

EXAMPLE: You own 100 shares of Common stock of Astronics Corporation with a cost-basis of $20 per share for a total cost-basis of $2,000.00. A one-for-four Class B Stock distribution is declared. After the stock distribution, you own 100 shares of Common Stock and 25 shares of Class B Stock with a $16 per share cost-basis and a total cost-basis of $2,000.00.

You should contact a tax advisor if you have other specific questions.

3. Who can I contact for questions about the one-for-four stock distribution?
Registered shareholders and brokers should contact the Company’s transfer agent, Wells Fargo Shareowner Services, at (800) 468-9716 regarding the one-for-four Class B Stock distribution.

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