SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (date of earliest event reported) November 1, 1996 ASTRONICS CORPORATION _________________________________________________________________ (Exact Name of Registrant as Specified in Charter) New York 0-7087 16-0959303 _________________________________________________________________ (State or Other (Commission (IRS Employer Jurisdiction File Number) Identification of Incorporation) No.) 1801 Elmwood Avenue, Buffalo, New York 14207 _________________________________________________________________ (Address of Principal Executive Offices (Zip Code) Registrant's telephone number, including area code (716) 447-9013 N/A _________________________________________________________________ (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events. On November 1, 1996, Astronics Corporation issued the attached press release. Item 7. Exhibits. (i) Press release. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ASTRONICS CORPORATION ASTRONICS CORPORATION (Registrant) Date: November 1, 1996 By:/s/ Kevin T. Keane Kevin T. Keane President and Chief Executive Officer [PRESS RELEASE] FOR IMMEDIATE RELEASE Astronics Corporation Announces the Divestiture of its Rodgard Division BUFFALO, NY, NOVEMBER 1, 1996. . .Astronics Corporation (Nasdaq: ATRO) today announced that it sold its Rodgard division to Hutchinson Industries, Inc. of Trenton, NJ, in a cash transaction for approximately $2,250,000. Kevin T. Keane, President and Chief Executive Officer, stated that "the sale of Rodgard completes the company's divestiture of operations that are not directly related to its strategic focus on the Specialized Packaging and Printing and Electronic System businesses." Rodgard's sales for the first nine months of 1996 were approximately $1.5 million. Mr. Keane further stated, "this divestiture is not expected to have a material impact on our bottom line for the year. We will use the cash generated by this sale to reduce our long-term indebtedness." Hutchinson Industries and its French parent, Hutchinson S.A., are the world leaders in the runflat, tire insert business. For further information, contact John M. Yessa, Vice President- Finance, Astronics Corporation; (716) 447-9013, Ext. 439. Astronics Corporation, 1801 Elmwood Avenue, Buffalo, NY 14207.