Comtech Telecommunications CORP /DE/ 8-K filings

Comtech Telecommunications Corp. has approved approximately $4.0 million in retention bonuses for executive officers and key employees to maintain stability during business disruptions.

Comtech Telecommunications Corp. has amended its employment agreement with Interim CEO John Ratigan, increasing his compensation with a monthly stipend and a discretionary bonus upon completion of his interim term.

Comtech's second quarter results show a slight year-over-year increase in net sales but are impacted by refinancing uncertainties and supply chain issues, while the company continues its 'One Comtech' transformation.

Comtech Telecommunications Corp. reported the immediate resignation of board member Ellen M. Lord, effective March 11, 2024.

Comtech Telecommunications Corp. has terminated its CEO, Ken Peterman, for cause, unrelated to financial performance, and appointed John Ratigan as interim CEO.

Comtech Telecommunications Corp. has entered into a subscription and exchange agreement, raising $45 million through the issuance of Series B Convertible Preferred Stock.

Comtech Telecommunications Corp. has secured a $45 million investment from White Hat Capital Partners and Magnetar, while also exchanging its existing convertible preferred stock for a new series.