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Stock impact report

Woman-led activist hedge fund scores victory at AstroNova [Reuters]

AstroNova, Inc. (ALOT) 
Last astronova, inc. earnings: 3/12 07:30 am Check Earnings Report
Company Research Source: Reuters
Woman-led activist hedge fund scores victory at AstroNova | Reuters 3 Min Read April 4 (Reuters) - Ides Capital, one of only two U.S. activist hedge funds run by a woman, was partly behind the appointment of a female independent director this week at U.S. industrial technology company AstroNova Inc, people familiar with the matter said on Wednesday. AstroNova did not disclose the role of Ides when it announced on Tuesday that it would add Stallergenes Greer Plc board director Yvonne Schlaeppi to its own board, while two of its oldest directors by age, Graeme MacLetchie and Everett Pizzuti, will retire from the board. Four of the company’s six directors will now be independent. Ides Capital privately nominated a “diverse” slate of directors to AstroNova’s board last month, but it will likely not pursue a proxy fight following the changes to the board this week, the sources said, asking not to be named because the discussions were private. The hedge fund also sent a letter to the compan Show less Read more
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