Management Change/Compensation Form 8 K

(e)

As previously reported, on June 17, 2024, David S. Smith announced his decision to retire from his positions as Vice President, Chief Financial Officer and Treasurer of AstroNova, Inc. (the "Company") and plans to pursue part-time corporate advisory and consulting opportunities. Pursuant to the terms of a Separation Agreement and General Release entered into by the Company and Mr. Smith on June 25, 2024 (the "Separation Agreement"), Mr. Smith's employment will terminate on July 12, 2024.

Pursuant to the Separation Agreement, (i) Mr. Smith will receive payment of his base salary (minus federal state, and local withholdings and any liens), at his current weekly rate times fifty-two(52) weeks (not including bonuses or other incentives), in weekly payments in accordance with the Company's usual payroll practices, (ii) Mr. Smith will receive payment of his housing allowance through July 2024, and in addition, should he choose to terminate his lease on or prior to July 31, 2024, the Company will reimburse him for any documented early termination or lease breakage fee, (iii) all outstanding and unvested time-based restricted stock units (not including performance-based restricted stock units that have become Earned RSUs within the meaning of those awards) set forth on Schedule A to the Separation Agreement shall continue to vest in accordance with their original vesting schedules, notwithstanding the occurrence of the termination of his employment, (iv) any options issued under the Company's 2018 Equity Incentive Plan will terminate in accordance with the terms of such plan, (v) if Mr. Smith elects COBRA continuation coverage on a timely basis, the Company will subsidize 100% of the cost of COBRA coverage until the earlier to occur of (a) 18 months following Mr. Smith's separation date or (b) the date Mr. Smith obtains alternate coverage through another employer or provider, (vi) all outstanding performance-based restricted stock units that have become Earned RSUs (within the meaning of those awards) prior to Mr. Smith's separation date, which are listed on Schedule A to the Separation Agreement, shall become fully vested and will be settled on January 13, 2025, and (vii) payment for any accrued and unused paid time off will be paid on the next regularly scheduled pay date after Mr. Smith's separation date.

The foregoing description of the Separation Agreement is qualified in its entirety by reference to the full text of the Separation Agreement, which is attached as Exhibit 10.1 to this Current Report on Form 8-Kand is incorporated herein by reference.