<SEC-DOCUMENT>0001193125-17-030878.txt : 20170203
<SEC-HEADER>0001193125-17-030878.hdr.sgml : 20170203
<ACCEPTANCE-DATETIME>20170203171301
ACCESSION NUMBER:		0001193125-17-030878
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20170201
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170203
DATE AS OF CHANGE:		20170203

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AstroNova, Inc.
		CENTRAL INDEX KEY:			0000008146
		STANDARD INDUSTRIAL CLASSIFICATION:	COMPUTER PERIPHERAL EQUIPMENT, NEC [3577]
		IRS NUMBER:				050318215
		STATE OF INCORPORATION:			RI
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-13200
		FILM NUMBER:		17573018

	BUSINESS ADDRESS:	
		STREET 1:		600 E GREENWICH AVENUE
		CITY:			WEST WARWICK
		STATE:			RI
		ZIP:			02893
		BUSINESS PHONE:		4018284000

	MAIL ADDRESS:	
		STREET 1:		600 E GREENWICH AVENUE
		CITY:			WEST WARWICK
		STATE:			RI
		ZIP:			02893

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ASTRO MED INC /NEW/
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ATLAN TOL INDUSTRIES INC
		DATE OF NAME CHANGE:	19850220
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d259421d8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML><HEAD>
<TITLE>8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES
AND EXCHANGE COMMISSION </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 OR 15(d) of The Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Date of report (Date of earliest event reported): February&nbsp;1, 2017 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:22pt; font-family:Times New Roman" ALIGN="center"><B>ASTRONOVA, INC. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Exact
name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Rhode Island</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>0-13200</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>05-0318215</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(State or other jurisdiction of incorporation)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Commission File Number)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(I.R.S. Employer Identification No.)</B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>600 East Greenwich Avenue </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>West Warwick, RI 02893 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices) (Zip Code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(401)-828-4000 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not applicable </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
name or former address, if changed since last report.) </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#9744; Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#9744; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12) </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#9744; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#9744; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>ITEM&nbsp;8.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>OTHER EVENTS </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On February&nbsp;1, 2017, we consummated the previously-announced acquisition (the
&#147;Acquisition) of the issued and outstanding equity interests (the &#147;Shares&#148;) of Trojanlabel ApS, a Danish private limited liability company (the &#147;Company&#148;) by our wholly-owned Danish subsidiary, ANI ApS (the
&#147;Purchaser&#148;), pursuant to the terms of a Share Purchase Agreement, dated January&nbsp;7, 2017, as amended (the &#147;Share Purchase Agreement&#148;), by and among the Purchaser, Trojan Holding ApS (now known as Holdingselskabet af 20.
marts 2014 ApS), a Danish private limited company, and Li Wei Chong, an individual (Trojan Holding ApS, together with Li Wei Chong, the &#147;Sellers&#148;). Upon consummation of the Acquisition, the Company became our wholly-owned indirect
subsidiary. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under the terms of the Share Purchase Agreement, Purchaser paid the Sellers DKK 62,886,869 (approximately $9.1 million) at closing
(reflecting certain closing adjustments as provided in the Share Purchase Agreement), of which DKK 6,360,000 (approximately $900,000) was placed in escrow to secure certain post-closing working capital adjustments and the indemnification obligations
of Sellers. The Sellers may be entitled to additional contingent consideration if 80% of specified earnings targets are achieved by the Company during the seven years following the closing, subject to certain closing working capital adjustments and
potential offsets to satisfy the Sellers&#146; indemnification obligations set forth in the Share Purchase Agreement. The contingent consideration consists of potential earn-out payments to the Sellers of between DKK 32.5&nbsp;million (approximately
$5 million) if 80% of the specified earnings targets are achieved, DKK 40.6&nbsp;million (approximately $5.8 million) if 100% of the specified earnings targets are achieved, and a maximum of DKK 48.7&nbsp;million (approximately $7 million) if 120%
of the specified earnings targets are achieved. The potential earn-out payments will increase proportionally from 80% up to a maximum of 120% of the earn-out amounts set forth in the Share Purchase Agreement; no greater earn-out will be paid even if
the achievement is greater than 120% of the earnings targets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The purchase price was funded from cash on hand. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On February&nbsp;2, 2017, we issued a press release announcing the completion of the Acquisition. A copy of the press release is attached hereto as Exhibit
99.1 </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>ITEM&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>FINANCIAL STATEMENTS AND EXHIBITS. </B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Exhibits </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD WIDTH="90%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:39.10pt; font-size:8pt; font-family:Times New Roman"><B>Exhibit&nbsp;No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Exhibit</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release dated February 2, 2017</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"><B>ASTRONOVA, INC.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Dated:&nbsp;February 3, 2017</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ John P. Jordan</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">John P. Jordan</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Vice President, Chief Financial
Officer and Treasurer</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>INDEX TO EXHIBITS </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD WIDTH="90%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:39.10pt; font-size:8pt; font-family:Times New Roman"><B>Exhibit&nbsp;No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Exhibit</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release dated February 2, 2017</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d259421dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g259421g94l12.gif" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>AstroNova Completes Acquisition of </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>European Digital Printing Manufacturer Trojanlabel </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WEST WARWICK, RI, February&nbsp;2, 2017 &#150; </B>AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, has completed the
previously announced acquisition by its wholly owned Danish subsidiary, ANI ApS, of Trojanlabel ApS, a European manufacturer of products including digital color label presses and specialty printing systems for a broad range of end markets. Excluding
acquisition-related expenses, the acquisition is expected to be accretive to AstroNova&#146;s earnings in the first 12 months of combined operation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;This acquisition is an important strategic milestone for our Product Identification business,&#148; said AstroNova President and CEO Gregory A. Woods.
&#147;Trojanlabel enhances our leadership in the digital color label printer market, expands our European manufacturing base and broadens our geographic footprint with a strong dealer network in Africa, Asia, Europe and the Middle East that
complements our North American direct sales force.&#148; </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About AstroNova </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, designs, manufactures, distributes and services a broad range of products
that acquire, store, analyze and present data in multiple formats. The Product Identification segment offers a variety of hardware and software products and associated consumables that allow customers to mark, track and enhance the appearance of
their products. Major brands include QuickLabel<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>, the industry leader in onsite digital color label printing. The Test and Measurement segment includes the T&amp;M Product Group, which offers
a suite of products and services that acquire, record and analyze electronic signal data from local and networked sensors. The Test and Measurement segment also includes a line of Aerospace Products such as printers, networking hardware and related
accessories. These products are used in the aircraft flight deck to print flight plans, navigation information and performance data and in the aircraft cabin to print maintenance data, receipts and passenger manifests. AstroNova is a member of the
Russell Microcap<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> Index and the LD Micro Index (INDEXNYSEGIS: LDMICRO). Additional information is available by visiting www.astronovainc.com. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Forward-Looking Statements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Information included in this
news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact, but rather reflect our current expectations concerning
future events and results. These statements may include the use of the words &#147;believes,&#148; &#147;expects,&#148; &#147;intends,&#148; &#147;plans,&#148; &#147;anticipates,&#148; &#147;likely,&#148; &#147;continues,&#148; &#147;may,&#148;
&#147;will,&#148; and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning growth through acquisitions, involve risks, </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g259421g93g08.gif" ALT="LOGO">
 </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements to be materially different from those expressed or implied
by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to, those factors set forth in the Company&#146;s Annual Report on Form 10-K for the fiscal year ended January&nbsp;31, 2016 and subsequent
filings AstroNova makes with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is
cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this news release. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Contact: </B> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Scott Solomon </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Senior Vice President </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sharon Merrill Associates, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(617)&nbsp;542-5300 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">ALOT@investorrelations.com </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">### </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g259421g93g08.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g259421g93g08.gif
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MI=:<I=Z4E-:4E-:<G-Z4G,Z<E-:EG,Z<G-:MI?_W[P
M
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M)<A P4+GTZA3LT42PH'JU[!CQUZ@X$(" X4,)+"-&X"!!PQ"0&!A@+* !P(
M++@P@9"!!K8?Y'Y >8+MY(4"'+APP?2@X[T'!?@]Z,%N!8O%&PC_FS+T!I2S
M6T?/R$+M X8L^+AP(+Z@  _@]D!MZ0GPGB,"*.!? A(T,,@"%2" W7<(2&"A
M!.E-\D"%%X2'2@ 83'A(@ID$H. @"D@GR '>0<+B(!8D\)V,F@B @7^'&("!
MA0HD9T!SA4 HX2 -2*# (#H._BG(!!)<$%\ %U30HFQC'0#!99>=<,$@%\B
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M(220_J8(H4HYQ;,2 Y#E&X%!@ +XN4 '**.!!)10.03@Z  :]U(&J&U%(1L
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MB'C-VA#^9)?U#,=W_S9+ /?Z7%(_5X M<?EGXOHH @C[Z.!%(&YXQ1$#@%2
MS/!X0A  D@)TV7C?J(BG%(?& 3>0G@:\290!P$$.EG0R&ET)!@O007+._#M8
M[: _"U!?W.P7YSG7.5-62Z&.5@L!_S2S;'^:P&5\L#H8%'JV$US7(!1M&@.P
M, ''X5)#!2?8X4LD@ -WEVO[@P%WIP" DQQ1EVDAL&F=E@@#(%,#(#V0 P$_
M%!H)T $[HH$PD@$(4(*5(P$08&P9\$H:< $0,"P%L$.$_E  %- D%4  H8$
MJ ,<37([ )  !( !%W!B(Z4BX>)Q$^5Q1:,!#J(!,E4!"G*$ .  &7(!IU0_
M?H)<') HXW4!SE-?R?%AA@!E\4$NM1.#4:(!)A(!%^  HC0 ,D@V-&( &W O
MV*( !3!10Q4?;K(8!< !TG%-J(0L7 9A4%(:H0)P#1!0%M !IE<(TX4!&6@
M![!8%U""!G !R+(P-/( B-AD'1 A!/!<R8<,=!8")[ L+;!:H?$](N "$7!T
M,- ;\[,!&R SA395ER$"'* J149SNB1_(5 [$Y K'! #ER$#4_( 1P<G2&)_
M+>  ,\ !JT4#E+% (O U^B<(_C6 0/#T@ZK" 5GV  NPB^GQ #10)V*S)0O
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>N[N\V[N^^[O &[S".[S$6[S&>[S(F[S*^Q:!   [

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g259421g94l12.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g259421g94l12.gif
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MAQ C2IQ(L:+%BQ@S:MS(L:/'CR!#,@P@LJ3)DRA3/@Q 4J7+ES!CRBPXH":
M 099LB1 P(V, P?<\&0YLRA'FS1Q$FQIM&E2@4H!D P0(T8 ,O_PN'#18E@D
M1VZ(.AV+,2K9LU!O(JT9P(V9+J#>@  @ P6=(EGR9O%RPPX6L0.9HAU,N##-
MFP(#U,S!PI R0TNDNB%1)$J1RT6\>$%$A44.PZ!#AS9+)MB@O'22M0P@)\L1
MS+"+T(E"X[/HT(!O.P61J4X6O%L*$$@<PM3O(E:L5"ZBYD@6;7\FZ#:<>[I*
MI"1K*<H2Y4@5/)$3_@,@4 ..%BU1TG<_DORRJR4$!%N?3_^C/WV%\E:IXNO
MP DL30$';.D=P5YR5JP!2@S#U>?@@Q:1E,,?W*G1W!$B3%7 !Q*:\,2'3T A
M(A0@/J&&$_THL914\D'HXHL#=:/-92>FL@M3!' BG0&/.!%;$2-^>-DD_/ $
M P@Q<"*"&S V^:(;,T01R&59!%)'+2P&4$ Q,K#D"'?<_6BA%E#\ML@B94@S
MS#$@-.BD1SKI].9',LS"72)X94&.#(EI60PG4VW!G66Q60B%%EDX444]P>10
MG40(>."! ',N%4((,&1ZI$,"@' D"&%56A!/S!1"95Y6T!*?3C+4(DH!_C=Q
MX4R>QUUV7A5TF'!&EX]*E($%%O2@@:A2'6.**8,,<JP^6"Y$P#%-- %,$_O8
M1JQ4^"QB:F5Y 2-< #VY44H^I/ ) !G2J!&%A9<)680I?2@15#(@M"A1!V(
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M13+@@TYT(@,#:80..JD'AX @ 92@A +N=A *=&*%\I,*0R2P !Y0@IT$_A'
M"-#)@W4FA !79$X1RD &+,#C,NP9@[E86;2!PG(@!%"!.$@PC6F$@P2>^$!\
MHF( 1Q1#%" E #Z7(@)2B&(%WE@H  XP QS4P 8P_<07ND00'M2. @G@@?PD
M4,Z#<&>813@$,P222"ZL S;*<08[0M 2!)*"#&10PB"0H"[U1.$.DIQ(!]#X
M27TZ0 >H@  P < ((3B@=3[X00/R$$\ [&$#&X!  WS@@QY4H -X[8 0**6
M#FR  20901XXL#X=Q(X@">!# W[@@W'^@ ,,H$2? J.WBQ4A"61PPS:P&(A
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M\ +#%A$67 SW1T6 Q!U*8"T$=$ @.^   #  !(0H(A5.F%(13F ;)8BB"WZ
M#1K0<3:"'+$89)"!_B_62*B\'&(*$SD?$"R@@()00KZH8$!"J.R#(/B@ 1NH
M@(7[##L "*$'#GA #UKGNM<MN@)S44 /?&"!"*R/=8B.)P(:@+/\/J "@7;
M?N?&@<,FIK(@)H- HH&&O>6EQ0)9L2L!F(,KY(5,1%@;$;* !!&=QPN[P&
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M$!%05WDI%;J'B@5!$JO@!;-Q&;J  WSC4 +A1F##F I1 +S0'E;0"SIQ +[
MBI?Q"P6P!'%@(E8 #*$" &;@ JPH(D>P"U.@"F:@!#E@!J6#%X,J$1%# @C
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MUVL0C2"WE<L(<R-PLCI?"0%P=:4S",$(E]:!B5$)F%$XL:L$E@ ;Y_$S/%0
ME\"*F% $=S 'D: $PF$ *I )<6 %1V 9FA >!)$#EI 7F<LX6; )JQ0 3  )
M43 (5% #\F$&8]! *".4'B$#BO# F+$(9L"H%D&6K+.6#[$'00![>C8"-2BD
ML\<(<ZD#?8M8B)@'_BW"<383G@4Q1GBI ;,G 8W0.C;SMD1S&4Z .O_D"%[@
M!PWU,^\: (]0!TH,"(AB!='2!$\W)5$@=9%0B $@"?@;A$6@=!AX-]JG=C6
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4:C@0+?X2A)WB"8$X8S'E ! 0 #L!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
