---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-22-000818"
form_type: "8-K"
ticker: "FEIM"
cik: "0000039020"
company_name: "FREQUENCY ELECTRONICS INC"
filed_at: "2022-07-13T23:59:59+00:00"
generated_at: "2026-06-24T16:14:27.993456+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CEO Stanton Sloane resigns; FY2022 revenue down 11%, net loss $0.93 per share

## Summary
- CEO Dr. Stanton Sloane resigned effective July 8, 2022; Dr. Thomas McClelland appointed Interim President and CEO.
- FY2022 revenue $48.3M, down 11% YoY; net loss $8.7M ($0.93 per diluted share) vs net income $680k prior year.
- Operating loss $8.0M driven by cost overrun on development program and delayed contract award at FEI-Zyfer.
- Company remains debt-free with $21.5M cash/securities; backlog stable at ~$40M.
- Investment in Morion impaired due to Russia-Ukraine geopolitical tensions.

## SEC filing metadata
- accession: 0001185185-22-000818
- form_type: 8-K
- ticker: FEIM
- cik: 0000039020
- company_name: FREQUENCY ELECTRONICS INC
- filed_at: 2022-07-13T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39020/000118518522000818/0001185185-22-000818-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39020/000118518522000818/freqelec20220713_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-22-000818
- JSON: https://secwatch.observer/filing/0001185185-22-000818.json
- Plain text: https://secwatch.observer/filing/0001185185-22-000818.txt

## Key facts
- Executive change
  Thomas McClelland was appointed as Interim President and Chief Executive Officer at FREQUENCY ELECTRONICS INC.
  - Action: appointed
  - Role: Interim President and Chief Executive Officer
  source text: The Board of Directors of the Company appointed Dr. Thomas McClelland to serve as the Company’s Interim President and Chief Executive Officer, in addition to his existing positions and responsibilities with the Company, effective July 8, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/39020/000118518522000818/0001185185-22-000818-index.htm
- Executive change
  Stanton Sloane resigned as President and Chief Executive Officer at FREQUENCY ELECTRONICS INC.
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: On July 8, 2022, Dr. Stanton Sloane and the Company mutually agreed that Dr. Sloane would resign as President and Chief Executive Officer and as a member of the Board of Directors of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/39020/000118518522000818/0001185185-22-000818-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.