Comtech Telecommunications Corp. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$CMTL
Radio And Television Broadcasting And Communications Equipment
Technology
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM | ||
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Director
On August 18, 2025, the Board of Directors (the “Board”) of Comtech Telecommunications Corp. (“Comtech” or the “Company”) appointed Mr. Lloyd A. Sprung as an independent director. Mr. Sprung, 55, is the Managing Member of LAS Advisors, an independent financial and strategic advisory firm he founded in January 2024. He previously served as Managing Director at UBS from August 2017 to December 2023, during which he led the Private Debt Advisory practice. Prior to this, he served as Senior Managing Director at Evercore from April 2011 to May 2017, Managing Director at Miller Buckfire from 2001 to 2010 and previously Vice President at Merrill Lynch. Mr. Sprung obtained his Bachelor of Arts degree in Economics from University of Pennsylvania and Masters in Business Administration as a Baker Scholar from Harvard Business School.
Mr. Sprung’s extensive corporate finance, capital markets and restructuring experience qualifies him to serve on the board. His appointment satisfies the Company’s obligation to appoint an independent director mutually agreed by the Company and TCW Asset Management Company LLC (the “Administrative Agent”) as required by its Credit Agreement, dated June 17, 2024, and subsequently amended.
The Board has determined that Mr. Sprung qualifies as an independent director in accordance with the requirements of the Nasdaq Stock Exchange. Mr. Sprung will serve on the Audit Committee and the Strategic Review Committee of the Board.
There are no other arrangements or understandings between Mr. Sprung and any other persons pursuant to which Mr. Sprung was selected as a director, and there are no transactions in which Mr. Sprung has an interest which require disclosure under Item 404(a) of Regulation S-K. Mr. Sprung will receive compensation for service on the Board in accordance with the standard compensatory arrangement described in the Company’s proxy statement filed on November 27, 2024, for non-employee directors, as amended. In connection with his appointment, Mr. Sprung and the Company will enter into an Indemnification Agreement in the same form as the Form of Indemnification Agreement which was previously filed as Exhibit 10.1 to the Company’s Form 8-K filed on December 13, 2024.
On August 18, 2025 the Company issued a press release announcing the appointment of Mr. Sprung, a copy of which is filed as Exhibit 99.1 to this Form 8-K and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document). | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, Comtech Telecommunications Corp. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
COMTECH TELECOMMUNICATIONS CORP.
Dated: August 18, 2025
By: /s/ Michael A. Bondi
Name: Michael A. Bondi
Title: Chief Financial Officer
Name: Michael A. Bondi
Title: Chief Financial Officer