Comtech Telecom Announces Executive and Board Changes
Ticker: CMTL · Form: 8-K · Filed: Sep 11, 2024 · CIK: 23197
| Field | Detail |
|---|---|
| Company | Comtech Telecommunications CORP /De/ (CMTL) |
| Form Type | 8-K |
| Filed Date | Sep 11, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.10 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-changes, personnel
Related Tickers: CMTL
TL;DR
Comtech Telecom shakes up exec team & board with new CLO and directors elected.
AI Summary
Comtech Telecommunications Corp. announced on September 6, 2024, a series of executive and board changes. These include the appointment of Michael W. St. John as Chief Legal Officer and General Counsel, and the election of Dr. Robert W. Smith and Ms. Sarah E. W. Glick to the Board of Directors. The company also disclosed compensatory arrangements for certain officers.
Why It Matters
These changes in leadership and governance can signal strategic shifts or a response to performance, potentially impacting the company's future direction and investor confidence.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding strategy and execution, but the filing itself doesn't detail significant financial distress or new risks.
Key Players & Entities
- Comtech Telecommunications Corp. (company) — Registrant
- Michael W. St. John (person) — Appointed Chief Legal Officer and General Counsel
- Dr. Robert W. Smith (person) — Elected to Board of Directors
- Ms. Sarah E. W. Glick (person) — Elected to Board of Directors
- September 6, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the new Chief Legal Officer and General Counsel?
Michael W. St. John has been appointed as the Chief Legal Officer and General Counsel.
Who were elected to the Board of Directors?
Dr. Robert W. Smith and Ms. Sarah E. W. Glick were elected to the Board of Directors.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is September 6, 2024.
What is Comtech Telecommunications Corp.'s principal executive office address?
The principal executive offices are located at 305 N 54th Street, Chandler, Arizona 85226.
What items are covered in this 8-K filing?
This filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Filing Stats: 391 words · 2 min read · ~1 pages · Grade level 12 · Accepted 2024-09-11 17:03:47
Key Financial Figures
- $0.10 — ich registered Common Stock, par value $0.10 per share CMTL NASDAQ Stock Market LLC
Filing Documents
- cmtl-20240906.htm (8-K) — 20KB
- cmtl-20240906_g1.jpg (GRAPHIC) — 66KB
- 0000023197-24-000084.txt ( ) — 338KB
- cmtl-20240906.xsd (EX-101.SCH) — 2KB
- cmtl-20240906_def.xml (EX-101.DEF) — 15KB
- cmtl-20240906_lab.xml (EX-101.LAB) — 26KB
- cmtl-20240906_pre.xml (EX-101.PRE) — 16KB
- cmtl-20240906_htm.xml (XML) — 3KB
From the Filing
cmtl-20240906 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 September 6, 2024 0-7928 Date of Report (Date of earliest event reported) Commission File Number (Exact name of registrant as specified in its charter) Delaware 11-2139466 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 305 N 54th Street , Chandler , Arizona 85226 (Address of Principal Executive Offices) (Zip Code) ( 480 ) 333-2200 (Registrant's telephone number, including area code) 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: 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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of exchange on which registered Common Stock, par value $0.10 per share CMTL NASDAQ Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 6, 2024, Maria Hedden, Chief Operating Officer of Comtech Telecommunications Corp. (the "Company"), notified the Company of her decision to resign from the Company, effective as of September 13, 2024. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, Comtech Telecommunications Corp. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COMTECH TELECOMMUNICATIONS CORP. Dated: September 11, 2024 By: /s/ Michael A. Bondi Name: Michael A. Bondi Title: Chief Financial Officer