Comtech settles proxy contest with investor group; adds Michael Hildebrandt to board

COMTECH TELECOMMUNICATIONS CORP /DE/

Appointed Michael Hildebrandt, Senior Investment Professional at Freshford Capital, as independent director effective Nov 18, 2024.
Board will appoint an additional mutually agreeable independent director; two incumbent directors will not stand for reelection at fiscal 2024 annual meeting.
Investor Group withdraws its eight director nominations and agrees to support Comtech's slate; standstill and voting commitments extend through fiscal 2025 or 2026.
Company reimburses investor group documented expenses up to $350,000.
Four new directors appointed to board since October 28, 2024, including Hildebrandt and the future additional director.

item 1.01 item 5.02 item 7.01 item 9.01

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Appointed

Michael J. Hildebrandt

Independent Director

CMTL · COMTECH TELECOMMUNICATIONS CORP /DE/

Effective: 2024-11-18
Filed: November 18, 2024, 6:59 PM ET

Appointment of Director Effective November 18, 2024, the Board appointed Michael J. Hildebrandt to serve as an independent director

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michael J. Hildebrandt was appointed as Independent Director at COMTECH TELECOMMUNICATIONS CORP /DE/.

Action: appointed
Role: Independent Director

Exact text from the filing

Appointment of Director Effective November 18, 2024, the Board appointed Michael J. Hildebrandt to serve as an independent director

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Source: SEC EDGAR

accession 0001104659-24-120186

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