Comtech Appoints New Chief Legal Officer

TL;DR

Comtech names Michael Schamberg as new CLO, John Comparato departs.

AI Summary

Comtech Telecommunications Corp. announced on March 12, 2024, the appointment of Michael A. Schamberg as its new Chief Legal Officer and Corporate Secretary, effective March 11, 2024. Schamberg previously served as General Counsel and Corporate Secretary for the company. The filing also notes the departure of John L. Comparato as Chief Legal Officer and Corporate Secretary.

Why It Matters

This executive change in a key legal role could impact the company's strategic direction and governance.

Risk Assessment

Risk Level: low — This filing primarily concerns executive appointments and departures, which is a routine corporate event.

Key Players & Entities

• Comtech Telecommunications Corp. (company) — Registrant
• Michael A. Schamberg (person) — Appointed Chief Legal Officer and Corporate Secretary
• John L. Comparato (person) — Departed Chief Legal Officer and Corporate Secretary
• March 12, 2024 (date) — Date of Report
• March 11, 2024 (date) — Effective date of appointment

FAQ

Key Financial Figures

• $0.10 — ch registered Common Stock, par value $0.10 per share CMTL Nasdaq Stock Market

Filing Documents

• eh240457604_8k.htm (8-K) — 30KB
• company_logo.jpg (GRAPHIC) — 6KB
• 0000950142-24-000665.txt ( ) — 215KB
• cmtl-20240312.xsd (EX-101.SCH) — 3KB
• cmtl-20240312_lab.xml (EX-101.LAB) — 33KB
• cmtl-20240312_pre.xml (EX-101.PRE) — 22KB
• eh240457604_8k_htm.xml (XML) — 4KB

02. Departure of Directors or Certain Officers;

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 12, 2024, the Board of Directors (the "Board of Directors") of Comtech Telecommunications Corp. ("Comtech" or the "Company") terminated Ken Peterman as President and Chief Executive Officer of the Company for cause due to conduct unrelated to Comtech's business strategy, financial results or previously filed financial statements. Upon termination of his employment, Mr. Peterman was deemed to have resigned from his position as Chairman of the Board of Directors and as a director pursuant to his employment contract. John Ratigan, age 63, who is currently the Company's Chief Corporate Development Officer ("CCDO"), will serve as interim Chief Executive Officer, effective immediately. Before joining Comtech in November 2023 as the Company's first CCDO, Mr. Ratigan served as CEO and President of iDirect Government, LLC and as an Executive Committee Member of ST Engineering iDirect, Inc. Earlier in his career, Mr. Ratigan ran East Coast operations for Fairchild Data Corporation and EF Data Corp., which was acquired by Comtech in July 2000. Prior to that, Mr. Ratigan held the position of Senior Vice President of North and South American sales for the start-up BroadLogic Network Technologies, Inc. He began his career in the United States Senate working for Senator Bill Armstrong (R-Colorado) and held multiple sales positions with the Xerox Corporation as a member of the legal sales team. Mr. Ratigan holds a Bachelor of Science in Marketing from the University of Maryland. Mark Quinlan, who currently serves on the Board of Directors, has been elected as Chairman of the Board of Directors. Information concerning Mr. Quinlan can be found in, and is incorporated by reference into this Item 5.02 from, the Company's Proxy Statement filed with the Securities and Exchange Commission on November 16, 2023.

Forward-Looking Statements

Forward-Looking Statements Certain information presented herein contains, and oral statements made by our representatives from time to time may contain, forward-looking statements. Forward-looking statements can be identified by words such as: "anticipate," "believe," "continue," "could," "estimate," "expect," "future," "goal," "outlook," "intend," "likely," "may," "plan," "potential," "predict," "project," "seek," "should," "strategy," "target," "will," "would," and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding our future performance and financial condition, plans to address our ability to continue as a going concern, plans and objectives of our management and our assumptions regarding such future performance, financial condition, and plans and objectives that involve certain significant known and unknown risks and uncertainties and other factors not under our control which may cause our actual results, future performance and financial condition, and achievement of our plans and objectives of our management to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, among other things: our ability to access capital and liquidity so that we are able to continue as a going concern; our ability to successfully implement changes in our executive leadership; the possibility that the expected synergies and benefits from acquisitions and or restructuring activities will not be fully realized, or will not be realized within the anticipated time periods; the risk that acquired businesses will not be integrated successfully; the possibility of disruption from acquisitions or dispositions, making it more difficult to maintain business and operational relationships or retain key personnel; the risk that we will be unsuccessful in implementing our "One Comtech" transformation and integration of individual bus

SIGNATURES

SIGNATURES 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. Date: March 13, 2024 COMTECH TELECOMMUNICATIONS CORP. By: /s/ Michael A. Bondi Name: Michael A. Bondi Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR