AVIAT NETWORKS, INC. 8-K

What Happened

• On February 27, 2026, Aviat Networks, Inc. announced Amendment No. 2 to its Amended and Restated Tax Benefit Preservation Plan (the “Plan”), executed with Computershare Inc. as rights agent.
• The Amendment extends the Plan’s final expiration date to March 3, 2029 and the company expects to seek stockholder ratification at its 2026 annual meeting. If stockholder approval is not obtained, the company expects to terminate the Plan when voting results are certified.

Key Details

• Amendment date: February 27, 2026; Plan originally dated August 27, 2020 and previously amended on February 28, 2023.
• New final expiration: March 3, 2029.
• Rights agent: Computershare Inc.
• Company will seek shareholder ratification at the 2026 annual meeting; absent approval, the Plan will be terminated at certification of the vote.

Why It Matters

• The Plan is intended to protect the company’s tax attributes (including net operating losses and related tax benefits) from being lost in certain ownership changes. Preserving these tax benefits can reduce future tax liabilities and potentially increase cash available to the company.
• Extending the Plan keeps that protection in place through 2029, subject to shareholder approval; investors should note the company’s intent to terminate the Plan if shareholders do not ratify the Amendment.