Ken Peterman, Former CEO of Comtech, Endorses Michael Porcelain's Full Slate of Director Nominees
Comtech Telecommunications Corp. (CMTL)
Last comtech telecommunications corp. earnings: 3/4 04:02 pm
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Source: PR Newswire
Peterman Becomes the Third Former CEO of Comtech Calling for a Complete Board Overhaul to Restore Stockholder ValueWASHINGTON, Oct. 8, 2024 /PRNewswire/ -- Ken Peterman, former CEO of Comtech Telecommunications Corp. (NASDAQ: CMTL) ("Comtech" or the "Company") and Chairman of the Board from July 2022 through March 2024, has publicly declared his personal endorsement for the full slate of director nominees proposed by Michael Porcelain for the Company's upcoming 2024 Annual Meeting of Stockholders.Mr. Peterman's endorsement comes after reading the open letter to stockholders that was issued by Fred Kornberg and Michael Porcelain on September 23, 2024. That letter detailed the urgent need for board and leadership changes necessary to restore Comtech's shareholder value. Mr. Peterman is the third former CEO of Comtech calling for a fully reconstituted Board of Directors.Mr. Peterman, who remains a large stockholder of Comtech and who succeeded both Fred Kornberg and Mike Porcelain as CEO
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