secwatch.observer — SEC 8-K summary
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Issuer:     AVIAT NETWORKS, INC. (AVNW)
CIK:        0001377789
Form:       8-K
Filed at:   2024-05-28T23:59:59+00:00
Accession:  0001377789-24-000024
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aviat Networks appoints Michael Connaway as CFO; David Gray resigns effective May 28, 2024
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- David Gray voluntarily resigned as SVP and CFO, effective May 28, 2024; entered separation agreement with one-year salary and COBRA.
- Michael Connaway appointed SVP and CFO effective May 28, 2024; base salary $525K, target bonus 80%, LTIP target $1M annually.
- Connaway receives one-time $1M restricted stock award with 3-year vesting; signed employment agreement with non-compete through May 28, 2025.
- Connaway was previously VP/CFO of Honeywell's Energy & Sustainability Solutions; 20+ years experience at GE and ABB.
- Gray will continue as consultant through September 29, 2024 at $5K/month under consulting agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377789/000137778924000024/0001377789-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377789/000137778924000024/avnw-20240528.htm
  HTML page:      https://secwatch.observer/filing/0001377789-24-000024

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