Frequency Electronics appoints Dr. Tom McClelland as permanent CEO; backlog $56M

FREQUENCY ELECTRONICS INC

Tom McClelland, interim CEO since July 2022, named permanent President and CEO; he holds a PhD in physics and top U.S. security clearance.
Board Chair cites unanimous choice; McClelland has 40 years at FEI, including over 20 as chief scientist.
Q2 FY2023 backlog of ~$56M is highest in 8 years; book-to-bill ratio of 2.8 reported.
Revenue increased quarter-over-quarter; management emphasizes path to sustained profitability and cash generation.

item 5.02 item 7.01 item 9.01

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Role change

Dr. Tom McClelland

President and Chief Executive Officer

FEIM · FREQUENCY ELECTRONICS INC

Effective: 2023-01-17
Filed: January 17, 2023, 6:59 PM ET

On January 17, 2023, the Board of Directors (the “Board”) of Frequency Electronics, Inc. (the “Company”) appointed Dr. Tom McClelland as the Company’s President and Chief Executive Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Dr. Tom McClelland was appointed as President and Chief Executive Officer at FREQUENCY ELECTRONICS INC.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On January 17, 2023, the Board of Directors (the “Board”) of Frequency Electronics, Inc. (the “Company”) appointed Dr. Tom McClelland as the Company’s President and Chief Executive Officer.

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FREQUENCY ELECTRONICS INC filing history →

Source: SEC EDGAR

accession 0001185185-23-000042

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