AstroNova’s Woods earns $1.7M in fiscal 2019

WEST WARWICK – AstroNova Inc. President and CEO Gregory A. Woods was paid $1.7 million by the test and measurement, and product identification manufacturer in fiscal 2019, according to the company’s proxy statement.

Wood’s base salary was $409,911 for fiscal 2019, which ended Jan. 31. He earned $505,069 in stock awards, $366,563 in options awards, and $79,631 of “other compensation,” including unused vacation, vehicle allowance, and disability and life insurance policies.

In fiscal 2018, Woods earned $703,224 from AstroNova.

The proxy statement did not include a CEO pay ratio to the median salary for fiscal 2019 year. In fiscal 2018, the median salary for an AstroNova employee was $51,991, making CEO to median pay 13.5 to 1.

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The company said it had 374 employees as of Jan. 31, 2019.

The company also reported that it paid Vice President, Chief Financial Officer and Treasurer David S. Smith $762,619 in fiscal 2019, with a base salary of $265,469.

The company’s Vice President and Chief Technology Officer Michael J. Natalizia earned $637,033 in fiscal 2019, with a base salary of $198,019.

The company reported earnings of $5.7 million in the 2019 fiscal year, ended Jan. 31.

Chris Bergenheim is the PBN web editor. You may reach him at Bergenheim@PBN.com.