other material
confidence high
sentiment neutral
materiality 0.35
Comtech enters 3-year employment agreements with COO Hedden ($515k salary) and CLO Walther ($475k salary)
COMTECH TELECOMMUNICATIONS CORP /DE/
- COO Maria Hedden: $515k base salary, 60% target bonus. CLO Don Walther: $475k base salary, 50% target bonus.
- Initial term of 3 years, auto-renew annually; either party may terminate with 90-day notice.
- Severance: 1x salary (1.5x in change-in-control), COBRA reimbursement for 12 months, pro-rated bonus.
- Severance conditioned on non-revocation of release; includes non-compete, non-solicit, confidentiality covenants.