Comtech Telecommunications Corp. Signs Material Definitive Agreement
Ticker: CMTL · Form: 8-K · Filed: Dec 13, 2024 · CIK: 23197
Sentiment: neutral
Topics: material-definitive-agreement
TL;DR
Comtech just signed a big deal, details TBD.
AI Summary
Comtech Telecommunications Corp. entered into a material definitive agreement on December 9, 2024. The filing does not disclose specific details of the agreement or any associated financial figures. Further information is expected to be provided in subsequent filings.
Why It Matters
This filing indicates a significant new contract or partnership for Comtech, which could impact its future revenue and strategic direction.
Risk Assessment
Risk Level: medium — The lack of specific details in this 8-K filing creates uncertainty about the nature and impact of the material definitive agreement.
Key Players & Entities
- Comtech Telecommunications Corp. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- 11-2139466 (tax_id) — IRS Employer Identification Number
FAQ
What is the nature of the material definitive agreement entered into by Comtech Telecommunications Corp.?
The filing does not specify the nature of the material definitive agreement.
When was the material definitive agreement entered into?
The material definitive agreement was entered into on December 9, 2024.
Are there any financial terms disclosed in this filing related to the agreement?
No, this filing does not disclose any specific financial terms related to the agreement.
What is Comtech Telecommunications Corp.'s IRS Employer Identification Number?
Comtech Telecommunications Corp.'s IRS Employer Identification Number is 11-2139466.
In which state was Comtech Telecommunications Corp. incorporated?
Comtech Telecommunications Corp. was incorporated in Delaware.
Filing Stats: 632 words · 3 min read · ~2 pages · Grade level 12.5 · Accepted 2024-12-13 16:16:31
Key Financial Figures
- $0.10 — ch registered Common Stock, par value $0.10 per share CMTL Nasdaq Stock Market
Filing Documents
- eh240567870_8k.htm (8-K) — 27KB
- eh240567870_ex1001.htm (EX-10.1) — 100KB
- company_logo.jpg (GRAPHIC) — 6KB
- 0000950142-24-002940.txt ( ) — 332KB
- cmtl-20241209.xsd (EX-101.SCH) — 3KB
- cmtl-20241209_lab.xml (EX-101.LAB) — 33KB
- cmtl-20241209_pre.xml (EX-101.PRE) — 22KB
- eh240567870_8k_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On December 9, 2024, the Board of Directors of Comtech Telecommunications Corp. (the "Company") approved a new form of indemnification agreement (the "Indemnification Agreement"). The Company is entering into an Indemnification Agreement with each of its current directors and certain officers, and expects to use such form with future directors and officers (each, an "Indemnitee"). Under the terms of the Indemnification Agreement, the Company is required to indemnify each Indemnitee against expenses, judgments, fines and amounts paid in settlement of specified proceedings to the fullest extent permitted by the laws of the state of Delaware, if the basis of the Indemnitee's involvement was by reason of the fact that the Indemnitee is or was a director or officer or a director or officer of any of the Company's subsidiaries or was serving at the Company's request in an official capacity for another entity. The Indemnification Agreement provides for the advancement of expenses and also sets forth certain procedures, as well as qualifications and limitations, that will apply in the event of a claim for indemnification thereunder. Each Indemnification Agreement with an Indemnitee will supersede and replace the previously adopted form of indemnification agreement which was filed as Exhibit 10.1 to the Company's Form 8-K filed on March 8, 2007. The foregoing summary of the provisions of the Indemnification Agreement is not intended to be complete and is qualified in its entirety by the full and complete text of the Indemnification Agreement which is filed as Exhibit 10.1 to this Form 8-K and incorporated by reference herein.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Form of Indemnification Agreement. 104 Cover Page Interactive Data File (formatted as Inline XBRL)
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 thereunto duly authorized. Date: December 13, 2024 COMTECH TELECOMMUNICATIONS CORP. By: /s/ Michael A. Bondi Name: Michael A. Bondi Title: Chief Financial Officer