AVIAT NETWORKS, INC. — fact timeline

AVIAT NETWORKS, INC. reported the third quarter ended March 27, 2026 results: revenue $100.0 million, net income $2.1 million, EPS $0.16.

“in Exhibit 99.1 of this report. --- EX-99.1 (EX-99.1) --- Aviat Networks Announces Fiscal 2026 Third Quarter and Nine Month Financial Results Total Q3 QTD Revenues of $100.0 million Q3 QTD Operating Income of $0.9 million; Q3 QTD Non-GAAP Operating Income of $3.0 million Q3 QTD Net Earnings of $(2.1) million; Q3 QTD Adjusted EBITDA of $4.4 million Q3 QTD”

AVIAT NETWORKS, INC. dismissed Deloitte & Touche LLP as its auditor.

“the Committee approved the dismissal of Deloitte & Touche LLP (“Deloitte”) as independent registered public accounting firm of the Company effective September 18, 2025”

AVIAT NETWORKS, INC. engaged Grant Thornton LLP as its auditor.

“the Audit Committee of Board of Directors of the Company (the “Committee”) approved the engagement of Grant Thornton LLP (“Grant Thornton”) as its independent registered public accounting firm for the fiscal year ending June 26, 2026”

Asako Aoyama resigned as Director at AVIAT NETWORKS, INC..

“On April 17, 2025, Asako Aoyama, a member of the Board of Directors (the “Board”) of Aviat Networks, Inc. (“Aviat” or the “Company”) notified the Company that she would be resigning from the Board effective on April 22, 2025.”

Scott Halliday was appointed as Director at AVIAT NETWORKS, INC..

“On January 31, 2025, the Board of Directors (the “Board”) of Aviat Networks, Inc. (“Aviat” or the “Company”) approved the appointment of Mr. Scott Halliday as a director of the Board, effective immediately”

Michael Connaway was appointed as Senior Vice President and Chief Financial Officer at AVIAT NETWORKS, INC..

“On May 28, 2024, Aviat Networks, Inc. (the “Company”) announced the appointment of Michael Connaway as the Company’s Senior Vice President and Chief Financial Officer.”

AVIAT NETWORKS, INC. reported fiscal 2024 second quarter ended December 29, 2023 results: revenue Total Revenues: $95.0 million, net income Net Income $2.9 million, EPS $0.24.

“Total Revenues: $95.0 million, up 4.8% from the same quarter last year”

AVIAT NETWORKS, INC. completed an acquisition involving NEC Corporation for $45.0 million cash and $25 million in Company common stock (closed 2023-11-30).

“NEC relating to NEC’s wireless backhaul business (the “Transaction”). Consideration due at the closing of the Transaction (the “Closing”) includes (i) an amount in cash equal to $45.0 million, subject to certain post-closing adjustments (the “Cash Consideration”), and (ii) the issuance of $25 million in Company common stock, par value $0.01 per share (the “Stock”

AVIAT NETWORKS, INC. entered into Trademark License Agreement with NEC (effective 2023-11-30).

“On November 30, 2023, the Company entered into a Trademark License Agreement with NEC (the “Pasolink Licensing Agreement”)”

AVIAT NETWORKS, INC. entered into Global Transition Services Agreement with NEC (effective 2023-11-30).

“Item 1.01 Entry into a Material Definitive Agreement MSBA Amendment On November 30, 2023, the Company and NEC entered into an Amendment to the Master Sale of Business Agreement (the “MSBA Amendment”).”

AVIAT NETWORKS, INC. entered into MSA with NEC Platforms, Ltd. (effective 2023-11-30).

“On November 30, 2023, the Company entered into a Manufacturing and Supply Agreement (“MSA”), by and among the Company, NEC Platforms, Ltd., a Japan limited company (“NECPF”) and NEC.”

AVIAT NETWORKS, INC. entered into Registration Rights and Lock-Up Agreement with NEC (effective 2023-11-30).

“On November 30, 2023, the Company entered into a Registration Rights and Lock-Up Agreement (the “Registration Rights and Lock-Up Agreement”) with NEC”

AVIAT NETWORKS, INC. amended MSBA Amendment with NEC valued at from $70.0 million to $65.5 million (effective 2023-11-30).

“On November 30, 2023, the Company and NEC entered into an Amendment to the Master Sale of Business Agreement (the “MSBA Amendment”).”

AVIAT NETWORKS, INC. amended First Amendment to Credit Agreement with Wells Fargo Bank, National Association (effective 2023-11-22).

“On November 22, 2023, Aviat Networks, Inc., a Delaware corporation (the “Company,” “Aviat”, “we,” “us,” or “our”) entered into a First Amendment to Credit Agreement (the “Credit Agreement Amendment”), with Aviat U.S., Inc. (“Opco” and together with the Company the “U.S. Borrowers”), Aviat Networks (S) Pte. Ltd. (the “Singapore Borrower” and together with the Company and Opco, the “Borrowers”) and Wells Fargo Bank, National Association, as administrative agent, swingline lender and issuing lender and Wells Fargo Securities LLC, Citigroup Global Markets Inc., and Regions Capital Markets as joint lead arrangers and joint bookrunners (the “Lender”).”

AVIAT NETWORKS, INC.: Amended and restated certificate of incorporation to add officer exculpation provisions and make non-substantive amendments (effective 2023-11-09).

“The fiscal year 2023 Annual Meeting of Stockholders of Aviat Networks, Inc. (the “Company”) was held on November 8, 2023 (the “Annual Meeting”). At the Annual Meeting, upon the recommendation of the board of directors of the Company (the “Board”), the Company’s stockholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation (the “Current Certificate”) to reflect new Delaware law provisions regarding officer exculpation (the “Exculpation Amendment”) and approved the amendment and restatement of the Current Certificate to make certain additional, non-substantive amendments (the “Non-Substantive Amendments,” together with the Exculpation Amendment, the “Certificate Amendments”). The Certificate Amendments became effective upon the filing of the Amended and Restated Certificate of Incorporation of the Company (the “A&R Certificate”) with the Secretary of State of Delaware on November 9, 2023.”

AVIAT NETWORKS, INC. shareholders approved Amendment and Restatement of the Company’s Current Certificate to Make Certain Additional, Non-Substantive Amendments.

“The amendment and restatement of the Company’s Current Certificate to make certain additional, non-substantive amendments, was approved by the Company’s stockholders, with votes as follows:”

AVIAT NETWORKS, INC. shareholders approved Amendment of the Company’s Amended and Restated Certificate of Incorporation to Reflect New Delaware Law Provisions Regarding Officer Exculpation.

“The amendment to the Company’s Current Certificate to reflect new Delaware law provisions regarding officer exculpation, was approved by the Company’s stockholders, with votes as follows:”

AVIAT NETWORKS, INC. shareholders approved Approval of Amendment No. 1 to the Tax Benefit Preservation Plan.

“The Amendment No. 1 to the Amended and Restated Tax Benefit Preservation Plan, dated as of February 28, 2023, by and between the Company and Computershare Inc., as Rights Agent, was approved by the Company’s stockholders, with votes as follows:”

AVIAT NETWORKS, INC. shareholders approved Advisory, Non-Binding Vote on Named Executive Officer Compensation.

“The advisory, non-binding vote to approve the Company’s named executive officer compensation, was approved by the Company’s stockholders, with votes as follows:”

AVIAT NETWORKS, INC. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm.

“The ratification of the appointment by the Audit Committee of Deloitte & Touche, LLP as the Company’s independent registered public accounting firm for fiscal year 2024, was approved by the Company’s stockholders, with votes as follows:”

AVIAT NETWORKS, INC. shareholders approved Election of Directors.

“Each of the following persons was duly elected by the Company’s stockholders until the 2024 Annual Meeting of Stockholders or until their successors are duly elected and qualified, with votes as follows:”

AVIAT NETWORKS, INC. reported fiscal 2024 first quarter ended September 29, 2023 results: revenue $87.6 million, net income $4.0 million, EPS $0.34. Guidance reaffirmed.

“Aviat Networks Announces Fiscal 2024 First Quarter Financial Results Total Revenue of $87.6 million; Up 7.8% Year-Over-Year GAAP Operating Income of $5.5 million; Up 41.8% Year-Over-Year Adjusted EBITDA of $12.1 million; Up 13.1% Year-Over-Year Operating Cash Flows of $14.0 million”

Bryan Tucker retired as Senior Vice President of Americas Sales and Services at AVIAT NETWORKS, INC..

“On October 3, 2023, Aviat Networks, Inc. (the “Company”) announced the retirement of Bryan Tucker, the Company’s Senior Vice President of Americas Sales and Services effective on November 3, 2023.”

AVIAT NETWORKS, INC.: Amended and restated bylaws effective August 22, 2023, revising director nomination procedures, meeting adjournment procedures, stockholder list availability procedures, and making minor clarifying changes (effective 2023-08-22).

“On August 22, 2023, the Board of Directors of Aviat Networks, Inc. (the "Company") approved the amendment and restatement of the bylaws of the Company (the “Amended and Restated Bylaws”), effective as of such date. Among other matters, the Amended and Restated Bylaws (i) revise procedures and disclosure requirements, in line with market practice, for the nomination of directors to address new Rule 14a-19 of the Securities Exchange Act of 1934; (ii) update procedures for the adjournment of meetings of stockholders to reflect Section 222 of the Delaware General Corporation Law; (iii) update the procedures and disclosure requirements for stockholder list availability to reflect Section 219 of the Delaware General Corporation Law; and (iv) make minor clarifying changes.”

AVIAT NETWORKS, INC. reported the fourth quarter and fiscal year ended June 30, 2023 results: revenue $91.2 million, net income $3.3 million, EPS $0.28.

“of this report. --- EX-99.1 (EX-99.1) --- www.aviatnetworks.com Aviat Networks Announces Fiscal 2023 Fourth Quarter and Twelve Months Financial Results Total Q4 Revenue of $91.2 million; Up 17.8% Year-Over-Year Q4 GAAP Operating Income of $6.3 million; Up 20.6% Year-Over-Year Q4 Adjusted EBITDA of $12.6 million; Up 37.5% Compared to Prior Year AUSTIN, TX, August”

AVIAT NETWORKS, INC. entered into Master Sale of Business Agreement with NEC Corporation valued at $45.0 million in cash and $25 million in Company common stock (effective 2023-05-09).

“On May 9, 2023, Aviat Networks, Inc., a Delaware corporation (the “Company,” “we,” “us,” or “our”) entered into a Master Sale of Business Agreement (the “Purchase Agreement”), with NEC Corporation”

AVIAT NETWORKS, INC. incurred credit facility of $40 million revolving credit facility and a $50.0 million Delayed Draw Term Loan Facility with Wells Fargo Bank, National Association at Adjusted Term SOFR in effect from time to time plus the applicable margin; or th maturing May 8, 2028.

“On May 9, 2023, the Company entered into a Secured Credit Facility Agreement (the “Loan Facility” or the “Credit Agreement”) by and among the Company, Aviat U.S., Inc. (“Opco” and together with the Company the “U.S. Borrowers”,) Aviat Networks (S) Pte. Ltd. (the “Singapore Borrower” and together with the Company and Opco, the “Borrowers”) and Wells Fargo Bank, National Association, as administrative agent, swingline lender and issuing lender and Wells Fargo Securities LLC, Citigroup Global Markets Inc., and Regions Capital Markets as joint lead arrangers and joint bookrunners (the “Lender”). The Loan Facility provides for a $40 million revolving credit facility and a $50.0 million Delayed Draw Term Loan Facility with a maturity date of May 8, 2028.”

AVIAT NETWORKS, INC. terminated Third Amended and Restated Loan and Security Agreement with Silicon Valley Bank (effective 2023-05-09).

“On May 9, 2023, the Company and Silicon Valley Bank (“SVB”) terminated the Third Amended and Restated Loan and Security Agreement dated June 29, 2018, and as amended May 17, 2021 (the “SVB Loan Agreement”), by and between the Company, as borrower, and SVB, as lender, pursuant to a termination letter (the “Termination Letter”).”

AVIAT NETWORKS, INC. entered into Credit Agreement with Wells Fargo Bank, National Association valued at $40 million revolving credit facility and a $50.0 million Delayed Draw Term Loan Facility (effective 2023-05-09).

“On May 9, 2023, the Company entered into a Secured Credit Facility Agreement (the “Loan Facility” or the “Credit Agreement”) by and among the Company, Aviat U.S., Inc. (“Opco” and together with the Company the “U.S. Borrowers”,) Aviat Networks (S) Pte. Ltd. (the “Singapore Borrower” and together with the Company and Opco, the “Borrowers”) and Wells Fargo Bank, National Association, as administrative agent, swingline lender and issuing lender and Wells Fargo Securities LLC, Citigroup Global Markets Inc., and Regions Capital Markets as joint lead arrangers and joint bookrunners (the “Lender”).”

AVIAT NETWORKS, INC. reported nine months ended March 31, 2023 results: revenue $255.4 million, net income $8.2 million, EPS $0.69. Guidance raised.

“million compared to $25.5 million in the comparable fiscal 2022 period, an increase of $11.9 million or 46.9%. For the nine months ended March 31, 2023, revenue grew by 13.2% to $255.4 million, as compared to $225.5 million in the comparable fiscal 2022 period. North America revenue of $147.0 million decreased by $(4.1) million or (2.7)%, as compared to $151.0 million”

AVIAT NETWORKS, INC. reported third quarter ended March 31, 2023 results: revenue $83.5 million, net income $4.9 million, EPS $0.41. Guidance raised.

“Total Revenues: $83.5 million, +12.0% from same quarter last year • GAAP Results: Gross Margin 35.7%; Operating Expenses $22.3 million; Operating Income $7.5 million; Net Income before tax $7.1 million; Net income $4.9 million; Net income per share $0.41”

AVIAT NETWORKS, INC. amended Amendment No. 1 to the Amended and Restated Tax Benefit Preservation Plan with Computershare Inc. (effective 2023-02-28).

“On February 28, 2023, Aviat Networks, Inc. (the “Company”) and Computershare Inc., as rights agent, entered into Amendment No. 1 to the Amended and Restated Tax Benefit Preservation Plan (the “Amendment”), which amended the Amended and Restated Tax Benefit Preservation Plan (the “Plan”), dated as of August 27, 2020.”

AVIAT NETWORKS, INC. reported fiscal 2023 six-month period ended December 30, 2022 results: revenue $171.9 million, net income $3.3 million, EPS $0.28. Guidance raised.

“compared to $26.8 million in the comparable fiscal 2022 period, an increase of $11.8 million or 44.1%. For the six months ended December 30, 2022, revenue grew by 13.8% to $171.9 million, as compared to $151.0 million in the comparable fiscal 2022 period. North America revenue of $100.9 million decreased by $(1.1) million or (1.1)%, as compared to $102.0 million”

AVIAT NETWORKS, INC. reported fiscal 2023 second quarter ended December 30, 2022 results: revenue $90.7 million, net income $6.0 million, EPS $0.51. Guidance raised.

“Aviat Networks Announces Fiscal 2023 Second Quarter and Six Month Financial Results; Increases Full Year Revenue and Earnings Guidance Total Revenue of $90.7 million; Up 16.5% Year-Over-Year Adjusted EBITDA of $12.9 million; Up 27.4% compared to Prior Year AUSTIN, Texas, February 1, 2023 -- Aviat Networks, Inc. (“Aviat Networks,” “Aviat,” or”

AVIAT NETWORKS, INC. shareholders approved Advisory, non-binding vote to approve the Company’s named executive officer compensation at the 2022-11-09 meeting.

“(3) Proposal 3 - Advisory, non-binding vote to approve the Company’s named executive officer compensation Number of Shares For Against Abstain Broker Non-Votes Proposal 3 7,292,995 124,741 33,923 1,777,933”

AVIAT NETWORKS, INC. shareholders approved Ratification of the appointment by the Audit Committee of Deloitte & Touche, LLP as the Company’s independent registered public accounting firm for fiscal year 2023 at the 2022-11-09 meeting.

“(2) Proposal 2 - Ratification of the appointment by the Audit Committee of Deloitte & Touche, LLP as the Company’s independent registered public accounting firm for fiscal year 2023 Number of Shares For Against Abstain Proposal 2 9,169,229 55,873 4,490”

AVIAT NETWORKS, INC. shareholders approved Election of Directors at the 2022-11-09 meeting.

“(1) Proposal 1 - Election of Directors Number of Shares Nominees: For Against Abstain Broker Non-Votes John Mutch 6,360,101 1,081,716 9,842 1,777,933 Bryan Ingram 7,399,715 49,332 2,612 1,777,933 Michele Klein 6,842,401 607,224 2,034 1,777,933 Peter Smith 7,408,171 41,235 2,253 1,777,933 Dr. James C. Stoffel 6,757,918 690,752 2,989 1,777,933 Bruce Taten 7,394,195 53,814 3,650 1,777,933”

AVIAT NETWORKS, INC. reported fiscal 2023 first quarter ended September 30, 2022 results: revenue $81.3 million, net income $8.8 million, EPS $0.75.

“First Quarter Financial Highlights • Total Revenues: $81.3 million, +11.1% from same quarter last year • GAAP Results: Gross Margin 36.3%; Operating Expenses $25.5 million; Operating Income $3.9 million; Net Income before tax $1.1 million • Non-GAAP Results: Adjusted EBITDA $10.7 million; Gross Margin 36.5%; Operating Expenses $20.4 million; Operating Income $9.2 million; Net Income $8.8 million; Net Income per share $0.75 • Net Cash and Marketable Securities: $22.9 million; no loans outstanding at quarter-end”

Somesh Singh departed as Director at AVIAT NETWORKS, INC..

“On August 16, 2022, Somesh Singh, member of the Board of Directors (the “Board”) of Aviat Networks, Inc. (the “Company”), notified the chair of the Governance and Nominating Committee of the Board that he would not stand for re-election as members of the Board at the 2022 annual meeting of the stockholders.”

Bruce Taten was appointed as Director at AVIAT NETWORKS, INC..

“On March 9, 2022, the Board of Directors (the “Board”) of Aviat Networks, Inc. (“Aviat” or the “Company”) approved the appointment of Mr. Bruce Taten as a director of the Board, effective immediately until the Company’s 2022 Annual Meeting of Stockholders”

David Gray was appointed as Senior Vice President and Chief Financial Officer at AVIAT NETWORKS, INC..

“On October 18, 2021, Aviat Networks, Inc. (the “Company”) announced the appointment of David Gray as the Company’s Senior Vice President and Chief Financial Officer.”

Eric Chang resigned as Chief Financial Officer at AVIAT NETWORKS, INC..

“Departure of Chief Financial Officer and Principal Accounting Officer”

Kenneth Kong departed as Director at AVIAT NETWORKS, INC..

“On August 26, 2021, Kenneth Kong, a member of the Board of Directors (the “Board”) of Aviat Networks, Inc. (the “Company”), notified the Board that he would not stand for re-election as members of the Board at the 2021 annual meeting of the stockholders.”

Dahlia Loeb departed as Director at AVIAT NETWORKS, INC..

“On August 24, 2021, John Quicke and Dahlia Loeb, both members of the Board of Directors (the “Board”) of Aviat Networks, Inc. (the “Company”), notified the Board that they would not stand for re-election as members of the Board at the 2021 annual meeting of the stockholders.”

John Quicke departed as Director at AVIAT NETWORKS, INC..

“On August 24, 2021, John Quicke and Dahlia Loeb, both members of the Board of Directors (the “Board”) of Aviat Networks, Inc. (the “Company”), notified the Board that they would not stand for re-election as members of the Board at the 2021 annual meeting of the stockholders.”