Comtech approves $4.0M retention bonus program for execs and key employees

COMTECH TELECOMMUNICATIONS CORP /DE/

Total program allocation ~$4.0M; bonuses paid in four quarterly installments over 12 months.
CFO Bondi: $334,750.13; COO Hedden: $334,750.13; CLO Walther: $308,750.16; Treasurer Stallone: $150,000.03.
Interim CEO John Ratigan voluntarily withdrew from the retention bonus program.
Installment schedule: 12.5% at 3 months, 12.5% at 6 months, 25% at 9 months, 50% at 12 months.
Program designed to retain talent during previously disclosed business disruptions.

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