Comtech appoints Kenneth Traub as President and CEO; launches comprehensive transformation

COMTECH TELECOMMUNICATIONS CORP /DE/

Kenneth Traub appointed President and CEO effective Jan 13, 2025, replacing John Ratigan who separated.
Traub gets $1M base salary and $650K sign-on bonus; Ratigan receives $750K lump sum severance.
Comtech begins transformation with operational discipline, rightsizing, and cost savings initiatives.
Board to conduct broad strategic alternatives review; company had ~$30M cash as of Jan 10, 2025.
Traub to focus on strengthening capital structure and generating positive cash flow.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Kenneth Traub

President and Chief Executive Officer

CMTL · COMTECH TELECOMMUNICATIONS CORP /DE/

Effective: 2025-01-13
Filed: January 13, 2025, 6:59 PM ET

On January 13, 2025, Comtech Telecommunications Corp. (the “Company”) announced that Mr. Kenneth Traub, who currently serves as the Company’s Executive Chairman, has been appointed to serve as President and Chief Executive Officer (“CEO”) of the Company in addition to his current role, effective as of January 13, 2025.

Departed

John Ratigan

President and Chief Executive Officer

CMTL · COMTECH TELECOMMUNICATIONS CORP /DE/

Effective: 2025-01-13
Successor: Kenneth Traub
Filed: January 13, 2025, 6:59 PM ET

The Company also announced the mutually agreed separation of John Ratigan as President, CEO and member of the Board of Directors (the “Board”), effective as of January 13, 2025 (the “Separation Date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kenneth Traub was appointed as President and Chief Executive Officer at COMTECH TELECOMMUNICATIONS CORP /DE/.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On January 13, 2025, Comtech Telecommunications Corp. (the “Company”) announced that Mr. Kenneth Traub, who currently serves as the Company’s Executive Chairman, has been appointed to serve as President and Chief Executive Officer (“CEO”) of the Company in addition to his current role, effective as of January 13, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Ratigan departed as President and Chief Executive Officer at COMTECH TELECOMMUNICATIONS CORP /DE/.

Action: separated
Role: President and Chief Executive Officer

Exact text from the filing

The Company also announced the mutually agreed separation of John Ratigan as President, CEO and member of the Board of Directors (the “Board”), effective as of January 13, 2025 (the “Separation Date”).

View on SEC.gov

COMTECH TELECOMMUNICATIONS CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000950142-25-000075

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