Comtech Telecommunications: CFO to depart; new finance chief named

What happened

• The filing says that on Oct 14, 2026 Comtech Telecommunications announced that Michael Bondi will depart his role as chief financial officer following a transition period through the filing of the Company’s Quarterly Report on Form 10-Q for the first quarter of fiscal year 2027 (quarter ending Oct 31, 2026), and that the Company entered into a Transition Agreement with Mr. Bondi.
• The filing also says that on Oct 14, 2026 the Company announced the appointment of Richard Nyren as executive vice president, finance, effective Oct 8, 2026, who will become chief financial officer one day after the Company files that Form 10-Q. The press release also announced the appointment of Amy Rothstein-Hovey as general counsel.

Key details

• Bondi transition and separation: will continue as CFO through the Form 10-Q filing (or an earlier mutual date); will resign effective as of the Separation Date.
• Bondi cash and benefits: will receive annual base salary through the Separation Date, a prorated annual cash bonus at target for fiscal year 2027, a lump sum cash severance equal to 2.0 times the sum of his annual base salary and target bonus for fiscal year 2027, a payment equal to five weeks of pay, reimbursement of COBRA premiums for up to 24 months, and an amount equal to accumulated unused sick time; full acceleration of vesting of previously granted but unvested restricted stock units; eligible for the cash bonus under his Transaction Bonus Agreement dated Nov 9, 2025 payable on closing of the S&S Transaction Agreement; will receive lump sum cash payments of $500,000 and $300,000 in lieu of certain 2027 equity and long-term performance awards.
• Nyren employment economics and covenants: Employment Agreement effective Oct 8, 2026 with an initial term of one year; annualized base salary $425,000; target annual bonus equal to 75% of base (range 0% to 200%); sign-on bonus $100,000 (subject to repayment in certain circumstances); severance of six months base salary if terminated without Cause or for Good Reason (12 months if within 90 days prior to, or within 12 months following, a Change in Control); COBRA reimbursement for six months (12 months around a Change in Control); non-competition during employment and 12-month non-solicitation of employees and customers post-termination.
• Restrictive covenants: the Agreement with Mr. Bondi continues to include two-year post-termination non-competition and non-solicitation covenants, with a modification limiting the non-competition covenant to Allerium’s public safety business.

Why it may matter

• The filing reports Item 5.02 (departure of chief financial officer and appointment of a financial officer) and Item 7.01 (Regulation FD disclosure via press release announcing appointments).
• The filing does not show why the insider traded or why the company acted.