leadership
confidence high
sentiment positive
materiality 0.75
Aviat Networks CFO resigns; interim CFO named; preliminary Q4 net income >$4.5M
AVIAT NETWORKS, INC.
- CFO Michael Connaway resigns voluntarily after FY2025 10-K filing; pursuing opportunity outside industry.
- VP of Corporate Finance Andrew Fredrickson named Interim CFO; $60k RSU award, $10k monthly stipend added to $250k base.
- Preliminary Q4 GAAP net income >$4.5M vs $1.5M in prior-year period.
- Preliminary Q4 non-GAAP Adjusted EBITDA >$14.0M vs $11.9M year ago.
- Company has started search for permanent CFO with help from executive search firm.