Bruce Crawford to Serve as Lead Independent
Director
Comtech Telecommunications Corp. (NASDAQ: CMTL) (“Comtech” or
the “Company”), a global technology leader, today announced that
its Board of Directors (the “Board”) has unanimously elected
Kenneth (Ken) H. Traub as the Executive Chairman of the Company.
Mark Quinlan has stepped down from his role as Chairman of the
Board and will continue serving on the Board. In addition to Mr.
Traub's role in chairing the Board, he will be the senior executive
leading the Company. John Ratigan, Comtech's President and CEO,
will report directly to Mr. Traub and they will be working closely
together. In addition, former U.S. Army Chief Information Officer,
Lieutenant General (Retired) Bruce T. Crawford, has been elected to
serve as Lead Independent Director.
“I am thrilled to lead the Comtech team as Executive Chairman
during this important time for the Company,” said Mr. Traub. “I
look forward to working closely with the Board, management team,
employees throughout the Company as well as other stakeholders to
help address lingering challenges and better position us to
capitalize on significant value enhancement opportunities going
forward.”
Mr. Traub continued, “On behalf of the Board, I thank Mark for
his leadership and the contributions he has made to Comtech while
serving as Chairman. We look forward to continuing to benefit from
his expertise as a director and as a significant investor.”
“I am honored to have been selected as Lead Independent
Director, and look forward to working with the Board and management
team,” said Mr. Crawford. “The Comtech Board has acted decisively
to strengthen the Company's leadership.”
“Ken joined the Comtech Board just one month ago and has already
demonstrated the leadership skills and acumen that have been the
hallmarks of his successful career,” said Mr. Quinlan. “Comtech is
fortunate to have a leader of his caliber as we embark on the next
chapter of the Company's development.”
Mr. Ratigan added, “I am thrilled to welcome Ken to Comtech
leadership and look forward to working closely together. Ken and I
have complementary skills and I look forward to collaborating with
him to help Comtech achieve its full potential.”
About Kenneth Traub
Mr. Traub is a visionary and transformational corporate leader
with a successful track record of building sustainable shareholder
value. Mr. Traub has over 30 years of experience as a Chairman,
CEO, director and active investor with a demonstrated record of
accomplishment in driving strategic, financial, operational and
governance improvements. Mr. Traub is adept at managing business
challenges, executing turnarounds, optimizing capital allocation,
driving operational improvements, implementing M&A and other
strategic initiatives and capitalizing on strategic growth
opportunities. Mr. Traub received a BA from Emory College in 1983
and an MBA from Harvard Business School in 1988.
About Comtech
Comtech Telecommunications Corp. is a leading global technology
company providing satellite and space communications technologies,
terrestrial and wireless network solutions, NG911 emergency
services and cloud native capabilities to commercial and government
customers around the world. Our unique culture of innovation and
employee empowerment unleashes a relentless passion for customer
success. With multiple facilities located in technology corridors
throughout the United States and around the world, Comtech
leverages its global presence, technology leadership and decades of
experience to create the world’s most innovative communications
solutions. For more information, please visit www.comtech.com.
Forward-Looking Statements
Certain information in this press release contains
forward-looking statements. Forward-looking statements include,
among others, statements regarding our expectations for our
operational initiatives, future performance and financial
condition, the plans and objectives of our management and our
assumptions regarding such future performance, financial condition,
and plans and objectives that involve certain significant known and
unknown risks and uncertainties and other factors not under our
control which may cause our actual results, future performance and
financial condition to be materially different from the results,
performance or other expectations implied by these forward-looking
statements. Factors that could cause actual results to differ
materially from current expectations are described in our filings
with the Securities and Exchange Commission ("SEC"). We urge you to
consider all of the risks, uncertainties and factors identified
above or discussed in such reports carefully in evaluating the
forward-looking statements. The risks described above are not the
only risks that we face. We do not intend to update or revise
publicly any forward-looking statements, whether because of new
information, future events, or otherwise, except as required by
law.
Important Additional Information and Where to Find It
The Company has filed a proxy statement on Schedule 14A, an
accompanying proxy card, and other documents with the SEC in
connection with its solicitation of proxies from the Company’s
stockholders for the Company’s Fiscal 2024 Annual Meeting of
Stockholders. THE COMPANY’S STOCKHOLDERS ARE STRONGLY ENCOURAGED TO
READ THE COMPANY’S DEFINITIVE PROXY STATEMENT (INCLUDING ANY
AMENDMENTS OR SUPPLEMENTS THERETO), THE ACCOMPANYING PROXY CARD,
AND ALL OTHER DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY
AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION. Investors and stockholders may obtain a copy of the
definitive proxy statement, an accompanying proxy card, any
amendments or supplements to the definitive proxy statement and
other documents filed by the Company with the SEC at no charge at
the SEC’s website at www.sec.gov. Copies will also be available at
no charge by clicking the “Governance” link in the “Investors”
section of the Company’s website, https://comtech.com/investors/,
or by contacting investors@comtech.com as soon as reasonably
practicable after such materials are electronically filed with, or
furnished to, the SEC.
Participants in the Solicitation
The Company, its directors, certain of its officers, and other
employees may be deemed to be “participants” (as defined in Section
14(a) of the Securities Exchange Act of 1934, as amended) in the
solicitation of proxies from the Company’s stockholders in
connection with matters to be considered at the Company’s Fiscal
2024 Annual Meeting of Stockholders.
Information about the names of the Company’s directors and
officers, their respective interests in the Company by security
holdings or otherwise, and their respective compensation is set
forth in the sections entitled “Stockholders, Directors and
Executive Officers,” “Director Compensation,” and “Executive
Compensation” of the Company’s Proxy Statement on Schedule 14A in
connection with the Fiscal 2024 Annual Meeting of Stockholders,
filed with the SEC on November 27, 2024. To the extent the security
holdings of directors and executive officers change after the
amounts described in these filings, such changes are set forth on
Initial Statements of Beneficial Ownership on Form 3 or Statements
of Change in Ownership on Form 4 filed with the SEC, which can be
found at no charge at the SEC’s website at www.sec.gov. These
documents will be available free of charge as described above.
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version on businesswire.com: https://www.businesswire.com/news/home/20241127336768/en/
Investor Relations Contact Maria Ceriello 631-962-7102
investors@comtech.com
Media Contacts Jamie Clegg 480-532-2523
jamie.clegg@comtech.com
Jed Repko / Aura Reinhard Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Comtech Telecommunications (NASDAQ:CMTL)
過去 株価チャート
から 12 2024 まで 1 2025
Comtech Telecommunications (NASDAQ:CMTL)
過去 株価チャート
から 1 2024 まで 1 2025
