8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): May 30, 2014

 

 

ASTRONICS CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

New York   0-7087   16-0959303
(State or Other Jurisdiction   (Commission   (I.R.S. Employer
of Incorporation)   File Number)   Identification No.)

 

130 Commerce Way  
East Aurora, New York   14052
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (716) 805-1599

N/A

(Former name or former address, if changed since last report)

 

 

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)

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 8.01 Other Events

David C. Burney, Astronics Corp Executive Vice President and Chief Financial Officer, has determined to monetize a portion of his equity position in the Registrant’s common stock in a systematic, non-discretionary manner with minimal market impact and in accordance with applicable law and regulations.

Accordingly, pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, Mr. Burney adopted a written plan on May 30, 2014 relating to future sales of the Registrant’s common stock. Mr. Burney’s plan will begin on June 6, 2014 and will continue until January 31, 2015, unless sooner terminated. Under Mr. Burney’s plan, he will place an order to sell shares of the Registrant’s common stock on the open market and at prevailing market prices, subject to a price floor as follows:

 

Effective Date

of Order

   

Number of

Common Shares

   

Expiration Date

of Order

07/08/2014

    4,000    12/31/2014

08/05/2014

    4,000    12/31/2014

09/09/2014

    4,000    12/31/2014

10/07/2014

    4,000    12/31/2014

11/11/2014

    4,000    12/31/2014

12/09/2014

    4,000    12/31/2014

 

SIGNATURE

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

Dated: May 30, 2014

     By:  

/s/ David C. Burney

    Name:   David C. Burney
      Vice President and Chief Financial Officer