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Stock impact report

Comtech Announces Amicable Resolution With the Porcelain/Kornberg/Timoshenko Group [Yahoo! Finance]

Comtech Telecommunications Corp. (CMTL) 
Last comtech telecommunications corp. earnings: 3/4 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: comtechtel.com/ir.cfm
Company Research Source: Yahoo! Finance
CHANDLER, Ariz., November 18, 2024 BUSINESS WIRE )--Comtech Telecommunications Corp. (NASDAQ: CMTL) (the "Company"), a global technology leader, today announced that its Board of Directors entered into a cooperation agreement with Michael Porcelain, Fred Kornberg, and Oleg Timoshenko (the "Investor Group"). Pursuant to the agreement: Comtech has appointed Michael Hildebrandt, Senior Investment Professional at Freshford Capital Management, to the Board, effective immediately; The Board will appoint an additional new independent director mutually acceptable to both Comtech and the Investor Group (the "Additional Director"); Two of Comtech's current directors will not stand for reelection at the Company's Fiscal 2024 Annual Meeting of Stockholders; The Investor Group will support Comtech's slate of directors for election at the 2024 Annual Meeting and will withdraw its nomination of eight directors for election at the meeting; The Investor Group has agreed to customary standst Show less Read more
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