secwatch.observer — SEC 8-K summary
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Issuer:     FREQUENCY ELECTRONICS INC (FEIM)
CIK:        0000039020
Form:       8-K
Filed at:   2023-01-17T23:59:59+00:00
Accession:  0001185185-23-000042
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39020/000118518523000042/0001185185-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39020/000118518523000042/freqelec20230117_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-000042

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