Comtech appoints Ken Peterman as President and CEO, replacing Michael Porcelain effective immediately

COMTECH TELECOMMUNICATIONS CORP /DE/

Michael Porcelain separated as President and CEO; will receive $3,431,552 cash severance and accelerated equity vesting.
Ken Peterman appointed President and CEO effective August 10, 2022; remains Chairman of the Board.
Board reduced to eight members, will further reduce to seven before next annual meeting expected December 2022.
Company reiterates fiscal Q4 and full-year 2022 financial guidance provided June 9, 2022.

item 5.02 item 9.01

Executive movements

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Departed

Michael Porcelain

President and Chief Executive Officer

CMTL · COMTECH TELECOMMUNICATIONS CORP /DE/

Effective: 2022-08-10
Successor: Ken Peterman
Filed: August 10, 2022, 7:59 PM ET

the mutually agreed separation of Michael Porcelain as President and Chief Executive Officer (the “CEO”) and member of the Board of Directors

Appointed

Ken Peterman

President and Chief Executive Officer

CMTL · COMTECH TELECOMMUNICATIONS CORP /DE/

Effective: 2022-08-10
Filed: August 10, 2022, 7:59 PM ET

Ken Peterman, age 65, has been appointed President and Chief Executive Officer, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Porcelain 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 mutually agreed separation of Michael Porcelain as President and Chief Executive Officer (the “CEO”) and member of the Board of Directors

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ken Peterman 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

Ken Peterman, age 65, has been appointed President and Chief Executive Officer, effective immediately.

View on SEC.gov

COMTECH TELECOMMUNICATIONS CORP /DE/ filing history →

Source: SEC EDGAR

accession 0001104659-22-088314

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