secwatch / observer

COMTECH TELECOMMUNICATIONS CORP /DE/ — fact timeline

Source-grounded facts extracted from COMTECH TELECOMMUNICATIONS CORP /DE/'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

CMTL COMTECH TELECOMMUNICATIONS CORP /DE/ JSON

Bruce T. Crawford resigned as Director at COMTECH TELECOMMUNICATIONS CORP /DE/.

“Bruce T. Crawford, a current director of Comtech Telecommunications Corp. (the “Company”), notified the Company of his intention to resign from the Company’s Board of Directors (the “Board”), with Mr. Crawford’s appointment as president and Chief Executive Officer of AFCEA International.”
Material Agreements

COMTECH TELECOMMUNICATIONS CORP /DE/ entered into Securities Purchase Agreement with Wavestream Corporation valued at $157,500,000 base purchase price in cash; $10,000,000 Advance Payment payable upon execution (effective 2026-06-14).

“On June 14, 2026, Comtech Telecommunications Corp. (“Comtech” or the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”), by and among Comtech, certain direct or indirect subsidiaries of Comtech named therein and Wavestream Corporation (the “Buyer”), a Delaware corporation and an affiliate of Gilat Satellite Networks Ltd (the “Buyer Parent”), a company incorporated under the laws of the State of Israel.”
Earnings Releases

COMTECH TELECOMMUNICATIONS CORP /DE/ reported third quarter ended April 30, 2026 results: revenue $106.0 million, net income net loss attributable to common shareholders of $14.3 million.

“and passion that is driving these significant achievements. I am so proud of this team and what we are accomplishing together.” Consolidated Financial Results • Net sales of $106.0 million • Gross profit of 34.0% • Operating loss of $3.1 million and net loss attributable to common shareholders of $14.3 million • Adjusted EBITDA (a Non-GAAP financial measure) of”

Bruce T. Crawford resigned as Director at COMTECH TELECOMMUNICATIONS CORP /DE/.

“Bruce T. Crawford, a current director of Comtech Telecommunications Corp. (the “Company”), notified the Company of his intention to resign from the Company’s Board of Directors (the “Board”), effective on or about June 15, 2026”
Earnings Releases

COMTECH TELECOMMUNICATIONS CORP /DE/ reported financial results for second quarter ended January 31, 2026.

“On March 16, 2026, Comtech Telecommunications Corp. (the “Company”) issued a press release announcing its results of operations for its second quarter ended January 31, 2026.”
Debt Financings

COMTECH TELECOMMUNICATIONS CORP /DE/ amended credit facility with TCW Asset Management Company LLC, Wingspire Capital LLC at reduced from 13.00% to 10.50% per annum for SOFR Loans.

“The Amended Credit Agreement provides that the interest rate margins on the Term Loans are reduced from 13.00% to 10.50% per annum for SOFR Loans until the first business day of the month following October 31, 2025”
Debt Financings

COMTECH TELECOMMUNICATIONS CORP /DE/ incurred term loan of $40.0 million.

“Amendment No. 1 provides for an incremental subordinated unsecured term loan facility in the aggregate principal amount of $40.0 million (the “ Incremental Subordinated Credit Facility ”).”

David B. Kagan resigned as Director at COMTECH TELECOMMUNICATIONS CORP /DE/.

“On February 28, 2025, David B. Kagan notified the Company of his resignation as a member of the Company’s Board of Directors, effective February 28, 2025.”

David B. Kagan was appointed as Director at COMTECH TELECOMMUNICATIONS CORP /DE/.

“On February 13, 2025, the Board of Directors (the “Board”) of Comtech Telecommunications Corp. (“Comtech” or the “Company”) appointed Mr. David B. Kagan as an independent director.”

John Ratigan departed as President and Chief Executive Officer at COMTECH TELECOMMUNICATIONS CORP /DE/.

“The Company also announced the mutually agreed separation of John Ratigan as President, CEO and member of the Board of Directors (the “Board”), effective as of January 13, 2025 (the “Separation Date”).”

Kenneth Traub was appointed as President and Chief Executive Officer at COMTECH TELECOMMUNICATIONS CORP /DE/.

“On January 13, 2025, Comtech Telecommunications Corp. (the “Company”) announced that Mr. Kenneth Traub, who currently serves as the Company’s Executive Chairman, has been appointed to serve as President and Chief Executive Officer (“CEO”) of the Company in addition to his current role, effective as of January 13, 2025.”
Listing & Compliance Notices

COMTECH TELECOMMUNICATIONS CORP /DE/ received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

“December 18, 2024, Comtech Telecommunications Corp. (“Comtech” or the “Company”) received a letter (the “Letter”) from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that it is not in compliance with periodic requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) because the Company’s Quarterly Report on Form 10-Q for the period ended October 31, 2024 (the “Report”) was not filed with the Securities and Exchange Commission (the “SEC”) by the required extended due date of December 16, 2024. Th”

Kenneth H. Traub was appointed as Executive Chairman at COMTECH TELECOMMUNICATIONS CORP /DE/.

“On November 26, 2024, the Board of Directors (the “Board”) of Comtech Telecommunications Corp. (the “Company”) appointed Mr. Kenneth H. Traub, who currently serves as a director of the Board, as Executive Chairman effective as of November 26, 2024”

Michael J. Hildebrandt was appointed as Independent Director at COMTECH TELECOMMUNICATIONS CORP /DE/.

“Appointment of Director Effective November 18, 2024, the Board appointed Michael J. Hildebrandt to serve as an independent director”

Kenneth H. Traub was appointed as Director at COMTECH TELECOMMUNICATIONS CORP /DE/.

“Effective October 31, 2024, the Board appointed Mr. Kenneth H. Traub as an independent director.”

John Ratigan was appointed as President and Chief Executive Officer at COMTECH TELECOMMUNICATIONS CORP /DE/.

“On October 28, 2024, the Board of Directors (the “Board”) of Comtech Telecommunications Corp. (“Comtech” or the “Company”) appointed Mr. John Ratigan as President and Chief Executive Officer and a member of the Board, effective as of October 28, 2024.”

Maria Hedden resigned as Chief Operating Officer at COMTECH TELECOMMUNICATIONS CORP /DE/.

“On September 6, 2024, Maria Hedden, Chief Operating Officer of Comtech Telecommunications Corp. (the "Company"), notified the Company of her decision to resign from the Company, effective as of September 13, 2024.”
Earnings Releases

COMTECH TELECOMMUNICATIONS CORP /DE/ reported the second quarter ended January 31, 2024 results: revenue $134.2 million.

“Consolidated net sales increased slightly year-over-year to $134.2 million, compared to $133.7 million in the second quarter of fiscal 2023.”

Ellen M. Lord resigned as Director at COMTECH TELECOMMUNICATIONS CORP /DE/.

“On March 11, 2024, the Honorable Ellen M. Lord notified Comtech Telecommunications Corp. (the “Company”) of her resignation as a member of the Company’s Board of Directors, effective immediately.”

Mark Quinlan was elected as Chairman of the Board of Directors at COMTECH TELECOMMUNICATIONS CORP /DE/.

“Mark Quinlan, who currently serves on the Board of Directors, has been elected as Chairman of the Board of Directors.”

John Ratigan was appointed as Interim Chief Executive Officer at COMTECH TELECOMMUNICATIONS CORP /DE/.

“John Ratigan, age 63, who is currently the Company’s Chief Corporate Development Officer (“CCDO”), will serve as interim Chief Executive Officer, effective immediately.”

Ken Peterman was terminated as President and Chief Executive Officer at COMTECH TELECOMMUNICATIONS CORP /DE/.

“On March 12, 2024, the Board of Directors (the “Board of Directors”) of Comtech Telecommunications Corp. (“Comtech” or the “Company”) terminated Ken Peterman as President and Chief Executive Officer of the Company for cause due to conduct unrelated to Comtech’s business strategy, financial results or previously filed financial statements.”
Governance Changes

COMTECH TELECOMMUNICATIONS CORP /DE/: Filed Certificate of Designations to establish terms of Series B Convertible Preferred Stock (effective 2024-01-22).

“On January 22, 2024, the Company filed the Certificate of Designations with the Secretary of State of the State of Delaware to establish the terms, rights, obligations and preferences of the Series B Convertible Preferred Stock.”
Material Agreements

COMTECH TELECOMMUNICATIONS CORP /DE/ entered into Subscription and Exchange Agreement with certain affiliates and related funds of Magnetar and White Hat Capital Partners LP valued at $45,000,000 (effective 2024-01-22).

“On January 22, 2024, Comtech Telecommunications Corp., a Delaware corporation (the “Company”), entered into a Subscription and Exchange Agreement (the “Subscription and Exchange Agreement”) with certain affiliates and related funds of Magnetar and White Hat Capital Partners LP (each, an “Investor” and collectively, the “Investors”), relating to (i) the issuance and sale of 45,000 shares of a new series of the Company’s Series B Convertible Preferred Stock, par value $0.10 per share, titled the “Series B Convertible Preferred Stock” (the “Series B Convertible Preferred Stock”), for an aggregate purchase price of $45,000,000, or $1,000 per share (the “Primary Issuance”), (ii) the exchange of 100,000 shares of the Company’s Series A-1 Convertible Preferred Stock, par value $0.10 per share (the “Series A-1 Convertible Preferred Stock), for 115,721.22 shares of Series B Convertible Preferred Stock (the “Exchange”) and (iii) the issuance to the Investors of 5,400 shares of Series B Convertib”
Shareholder Votes

COMTECH TELECOMMUNICATIONS CORP /DE/ shareholders approved Approval of the Comtech Telecommunications Corp. 2023 Equity and Incentive Plan at the 2023-12-14 meeting.

“Proposal No. 5 - Approval of the Comtech Telecommunications Corp. 2023 Equity and Incentive Plan (the "2023 Plan"). The 2023 Plan was approved at the Annual Meeting by the following votes: For Against Abstain Broker Non-Votes 22,465,922 or 96.2% 898,200 13,549 2,694,117”
Shareholder Votes

COMTECH TELECOMMUNICATIONS CORP /DE/ shareholders approved Ratification of the Selection of Independent Registered Public Accounting Firm at the 2023-12-14 meeting.

“Proposal No. 4 - Ratification of the Selection of Independent Registered Public Accounting Firm. The non-binding ratification of the selection of Deloitte & Touche LLP as independent registered public accounting firm of the Company for the fiscal year ending July 31, 2024 was approved at the Annual Meeting by the following votes: For Against Abstain Broker Non-Votes 25,979,160 or 99.7% 81,128 11,500 —”
Shareholder Votes

COMTECH TELECOMMUNICATIONS CORP /DE/ shareholders approved Advisory Vote to Approve the Frequency of Future Advisory Votes on the Compensation of the Named Executive Officers at the 2023-12-14 meeting.

“Proposal No. 3 - Advisory Vote to Approve the Frequency of Future Advisory Votes on the Compensation of the Named Executive Officers. The advisory vote to approve the frequency of future advisory votes on the compensation of the Named Executive Officers was approved at the Annual Meeting by the following votes: 1 Year 2 Years 3 Years Abstain 21,659,940 or 94.1% 56,197 or 0.2% 1,297,315 or 5.6% 364,219”
Shareholder Votes

COMTECH TELECOMMUNICATIONS CORP /DE/ shareholders approved Approval (On an Advisory Basis) of the Compensation of the Named Executive Officers at the 2023-12-14 meeting.

“Proposal No. 2 - Approval (On an Advisory Basis) of the Compensation of the Named Executive Officers. The advisory vote on the compensation of Named Executive Officers of the Company was approved at the Annual Meeting by the following votes: For Against Abstain Broker Non-Votes 19,255,793 or 88.0% 2,635,570 1,486,308 2,694,117”
Shareholder Votes

COMTECH TELECOMMUNICATIONS CORP /DE/ shareholders approved Election of Six Directors at the 2023-12-14 meeting.

“Proposal No. 1 - Election of Six Directors. All nominees for election to the Board of Directors of the Company listed in the Definitive Proxy Statement for the Annual Meeting were elected as follows: Nominee For Against Abstain Broker Non-Votes Ken Peterman 22,964,116 or 98.3% 404,980 8,575 2,694,117 Rear Admiral (Ret.) Wendi B. Carpenter 22,626,046 or 96.8% 743,584 8,041 2,694,117 Lieutenant General (Ret.) Bruce T. Crawford 23,069,565 or 98.7% 297,720 10,386 2,694,117 The Honorable Ellen M. Lord 23,066,927 or 98.7% 299,998 10,746 2,694,117 Mark R. Quinlan 22,723,029 or 97.2% 646,035 8,607 2,694,117 Dr. Yacov A. Shamash 22,839,780 or 97.7% 529,693 8,198 2,694,117”
Shareholder Votes

COMTECH TELECOMMUNICATIONS CORP /DE/ shareholders approved Approval of the Comtech Telecommunications Corp. 2023 Equity and Incentive Plan at the 2023-12-14 meeting.

“The 2023 Plan was approved at the Annual Meeting by the following votes: For Against Abstain Broker Non-Votes 22,465,922 or 96.2% 898,200 13,549 2,694,117”
Shareholder Votes

COMTECH TELECOMMUNICATIONS CORP /DE/ shareholders approved Ratification of the Selection of Independent Registered Public Accounting Firm at the 2023-12-14 meeting.

“The non-binding ratification of the selection of Deloitte & Touche LLP as independent registered public accounting firm of the Company for the fiscal year ending July 31, 2024 was approved at the Annual Meeting by the following votes: For Against Abstain Broker Non-Votes 25,979,160 or 99.7% 81,128 11,500 —”
Shareholder Votes

COMTECH TELECOMMUNICATIONS CORP /DE/ shareholders approved Advisory Vote to Approve the Frequency of Future Advisory Votes on the Compensation of the Named Executive Officers at the 2023-12-14 meeting.

“The advisory vote to approve the frequency of future advisory votes on the compensation of the Named Executive Officers was approved at the Annual Meeting by the following votes: 1 Year 2 Years 3 Years Abstain 21,659,940 or 94.1% 56,197 or 0.2% 1,297,315 or 5.6% 364,219”
Shareholder Votes

COMTECH TELECOMMUNICATIONS CORP /DE/ shareholders approved Approval (On an Advisory Basis) of the Compensation of the Named Executive Officers at the 2023-12-14 meeting.

“The advisory vote on the compensation of Named Executive Officers of the Company was approved at the Annual Meeting by the following votes: For Against Abstain Broker Non-Votes 19,255,793 or 88.0% 2,635,570 1,486,308 2,694,117”
Shareholder Votes

COMTECH TELECOMMUNICATIONS CORP /DE/ shareholders approved Election of Six Directors at the 2023-12-14 meeting.

“All nominees for election to the Board of Directors of the Company listed in the Definitive Proxy Statement for the Annual Meeting were elected as follows: Nominee For Against Abstain Broker Non-Votes Ken Peterman 22,964,116 or 98.3% 404,980 8,575 2,694,117 Rear Admiral (Ret.) Wendi B. Carpenter 22,626,046 or 96.8% 743,584 8,041 2,694,117 Lieutenant General (Ret.) Bruce T. Crawford 23,069,565 or 98.7% 297,720 10,386 2,694,117 The Honorable Ellen M. Lord 23,066,927 or 98.7% 299,998 10,746 2,694,117 Mark R. Quinlan 22,723,029 or 97.2% 646,035 8,607 2,694,117 Dr. Yacov A. Shamash 22,839,780 or 97.7% 529,693 8,198 2,694,117”
Material Agreements

COMTECH TELECOMMUNICATIONS CORP /DE/ entered into Exchange Agreement with certain affiliates and related funds of Magnetar Capital LLC and White Hat Capital Partners LP valued at $1,134.20 per share (effective 2023-12-13).

“On December 13, 2023, Comtech Telecommunications Corp. (the “ Company ”) and certain affiliates and related funds of Magnetar Capital LLC and White Hat Capital Partners LP (collectively, the “ Investors ”) agreed to change the terms of the Company’s Series A Convertible Preferred Stock, par value $0.10 per share (the “ Series A Convertible Preferred Stock ”).”
Earnings Releases

COMTECH TELECOMMUNICATIONS CORP /DE/ reported first quarter ended October 31, 2023 results: revenue $151.9 million.

“new fiscal year, I’m pleased to report that Comtech continues to deliver on our commitment to growth. Net sales for our first quarter of fiscal 2024 rose 15.9% year-over-year to $151.9 million, and bookings of $185.6 million (as high as they’ve been since I assumed the role of CEO last year) represent a quarterly book-to-bill ratio of 1.22x. Since my arrival at”
Governance Changes

COMTECH TELECOMMUNICATIONS CORP /DE/: Amended the Certificate of Designations of Series A Convertible Preferred Stock to update definition of 'Existing Credit Agreement' to reference the Amended Credit Facility (effective 2023-11-07).

“Effective November 7, 2023, in connection with: (i) the closing of the PST Sale (as defined in Item 7.01 below) and (ii) entering into the Amended Credit Facility, Comtech and the holders of the Company’s Series A Convertible Preferred Stock entered into the Second Amended and Restated Certificate of Designations of Series A Convertible Preferred Stock of Comtech to modify the defined term “Existing Credit Agreement” to mean the Amended Credit Facility.”
Earnings Releases

COMTECH TELECOMMUNICATIONS CORP /DE/ reported financial results for fourth quarter and full year ended July 31, 2023.

“On October 12, 2023, Comtech Telecommunications Corp. (the “Company”) issued a shareholder letter announcing its results of operations for its fourth quarter and full year ended July 31, 2023.”

Yelena Simonyuk resigned as General Counsel and Assistant Corporate Secretary at COMTECH TELECOMMUNICATIONS CORP /DE/.

“On August 24, 2023, Yelena Simonyuk, General Counsel and Assistant Corporate Secretary of Comtech Telecommunications Corp. (the “Company”), notified the Company of her decision to resign from the Company, effective as of August 31, 2023.”
Earnings Releases

COMTECH TELECOMMUNICATIONS CORP /DE/ updated its its fourth quarter ending July 31, 2023 guidance (initiated).

“Looking ahead, we expect our fourth quarter fiscal 2023 results to improve, with consolidated net sales anticipated to grow sequentially between 2.0% and 4.0% and for consolidated Adjusted EBITDA1 margins to be in the range of 9.5% to 10.5% of consolidated net sales.”
Earnings Releases

COMTECH TELECOMMUNICATIONS CORP /DE/ reported financial results for its third quarter ended April 30, 2023.

“On June 8, 2023, Comtech Telecommunications Corp. (the “Company”) issued a shareholder letter announcing its results of operations for its third quarter ended April 30, 2023 and guidance for its fourth quarter ending July 31, 2023.”

Lisa Lesavoy retired as director at COMTECH TELECOMMUNICATIONS CORP /DE/.

“On June 2, 2023, Lisa Lesavoy notified the Board of her intention to retire as a director from the Company’s Board effective immediately preceding the next annual shareholder meeting, where Ms. Lesavoy will not stand for re-election to the Board.”

Ellen M. Lord was appointed as director at COMTECH TELECOMMUNICATIONS CORP /DE/.

“On June 2, 2023, the Board of Directors (the "Board") of Comtech Telecommunications Corp. (“Comtech”) appointed Lieutenant General (Retired) ("LTG (Ret.)") Bruce T. Crawford and the Honorable Ellen M. Lord as directors, effective June 15, 2023, to the Board increasing its size to nine members, eight of whom are independent.”

Bruce T. Crawford was appointed as director at COMTECH TELECOMMUNICATIONS CORP /DE/.

“On June 2, 2023, the Board of Directors (the "Board") of Comtech Telecommunications Corp. (“Comtech”) appointed Lieutenant General (Retired) ("LTG (Ret.)") Bruce T. Crawford and the Honorable Ellen M. Lord as directors, effective June 15, 2023, to the Board increasing its size to nine members, eight of whom are independent.”
Earnings Releases

COMTECH TELECOMMUNICATIONS CORP /DE/ reported second quarter ended January 31, 2023 results: revenue $133.7 MM. Guidance reaffirmed.

“play a major role in advancing the conditions necessary for digital equity around the world. SECOND QUARTER: Fiscal Year 2023 6 FISCAL Q2 2023 RESULTS CONSOLIDATED RESULTS $133.7 MM Revenues 34.3% Gross Margin $11.3 MM Adj. EBITDA $167.5 MM Bookings $702 MM OF FUNDED BACKLOG PROVIDES ADDED VISIBILITY TO FUTURE REVENUES. SECOND QUARTER: Fiscal Year 2023 7”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.