leadership
confidence high
sentiment neutral
materiality 0.60
Comtech Telecom amends interim CEO John Ratigan's employment; $525K salary, $10K monthly stipend
COMTECH TELECOMMUNICATIONS CORP /DE/
- John Ratigan named Interim CEO; existing employment agreement amended March 27, 2024.
- Annual base salary set at $525,000; monthly stipend of $10,000 during interim term.
- Target bonus opportunity equal to 70% of base salary; discretionary bonus upon completion of interim term.
- Ratigan eligible for equity awards under the 2023 Equity and Incentive Plan.
- Employment agreement extends through November 30, 2026, subject to earlier termination provisions.