The latest announcement is out from AstroNova (ALOT).
David S. Smith is set to retire from his executive roles at AstroNova, Inc. on July 12, 2024, and transition to part-time consultancy. Under his separation agreement, he will receive continued salary payments for a year, a housing allowance, and vesting of certain restricted stock units. Additionally, Smith’s health coverage will be subsidized post-retirement, and he will be compensated for unused paid time off. This package reflects the company’s efforts to ensure a smooth transition following Smith’s departure.
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