ATRO is traded on NASDAQ.


ATROB is traded on OTC.


I don't understand why a company has one stock on NASDAQ and one stock on OTC. Does anybody know?


1 Answer 1


Astronics Corporation (ATRO) has two types of issued stock: Common stock and Corporate Class B stock.

The common stock (ATRO) found on NASDAQ is the "standard" type of equity stock that gives you a 1 to 1 vote to share basis (usually you get one vote per share owned, which is the case for ATRO).

The corporate class B stock (ATROB) found on the OTC market is a second type of stock that gives you more company votes per share.

The description of this issued company proxy vote describes the differences quite well:

[...] Astronics was initially formed with one class of common stock (“Common Stock”). In 1987, the Company’s shareholders voted to adopt a second class of common stock, called Class B Stock. In addition, the Board of Directors proposed appropriate amendments to the Company’s Certificate of Incorporation for the additional class of stock, which were also approved by the shareholders. As a result, Astronics has two classes of stock: Common Stock with one vote per share, and Class B Stock with ten votes per share.

The issued document also describe how a transfer/sale of class B stock will be converted to common stock (with no cost to the shareholder) and lose the rights or entitlements associated with the Class B Stock. As is also written on the company FAQ there is "no market" for the Class B stock and thus the market will be specified as OTC, whereas the common stock is traded on NASDAQ.

  • $\begingroup$ Hi @user11980328. Did my answer help you or is there anything else you need to get clarified? If the answer above solved your issue, would you then please consider accepting it? :-) The same goes for this answer. Otherwise, give me some feedback, and I'll change my answer(s) accordingly. $\endgroup$
    – Pleb
    Mar 27, 2022 at 13:00

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.