secwatch.observer — SEC 8-K summary
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Issuer:     AVIAT NETWORKS, INC. (AVNW)
CIK:        0001377789
Form:       8-K
Filed at:   2021-10-18T23:59:59+00:00
Accession:  0001377789-21-000075
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aviat Networks appoints David Gray as CFO, Eric Chang resigns
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- Eric Chang resigned as CFO effective Oct 18, 2021; will remain in advisory capacity.
- David Gray appointed SVP and CFO; previously CFO of Superior Essex ($2.6B manufacturer).
- Gray's compensation: $340k base salary, 50% target bonus, $200k restricted stock (3-yr vest), $100k sign-on bonus.
- Severance: 12 months base salary, COBRA, prorated bonus; change-in-control triggers accelerated equity vesting.
- Press release affirms guidance issued August 25, 2021; no changes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377789/000137778921000075/0001377789-21-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377789/000137778921000075/avnw-20211018.htm
  HTML page:      https://secwatch.observer/filing/0001377789-21-000075

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer