Aviat Networks, Inc.: appoints chief operations officer

What happened

• The filing reports that on Oct 5, 2026 the board appointed Khashayar “Hash” Pakbaz as senior vice president and chief operations officer. Mr. Pakbaz’s employment with the Company began on Jun 1, 2026 as vice president, chief digital & information officer. The filing describes Mr. Pakbaz’s prior roles and education, including that he is age 59 and holds a Ph.D. and a B.S. in physics from the University of California, Santa Barbara.

Key details

• Annual base salary: $365,000, subject to annual review by the board.
• Incentives: eligible for the Company’s Annual Incentive Plan starting in fiscal year 2027 with a target annual bonus of 50% of base salary; eligible for the Long-Term Incentive Program with a target value of 50% of base salary.
• One-time equity: restricted stock units with a grant date value of $200,000, vesting over 2 years with first vesting on the first anniversary of the agreement date.
• Employment term and severance: initial term Oct 5, 2026 to Oct 5, 2027 with automatic 1-year renewals unless non-renewed; for a Qualifying Termination (termination without Cause, death, Disability, or resignation for Good Reason) severance equals 1.0 times the sum of base salary plus prorated target annual bonus and up to 12 months of COBRA premiums; for a change-in-control (CIC) termination within 3 months before or 12 months after a change in control, severance equals 1.0 times the sum of base salary plus target annual bonus, full vesting of outstanding equity awards (performance awards based on actual or target), and up to 18 months of COBRA premiums. The agreement includes a 12-month non-solicit covenant and continuing confidentiality obligations.
• Other: the filing states the selection was not pursuant to any arrangement with another person, Mr. Pakbaz has no family relationship with company officers or directors, there are no related party transactions reportable, and a form of the Employment Agreement is expected to be filed with the Company’s next Form 10-Q.

Why it may matter

• This item is reported under Item 5.02 (Departure of directors or certain officers; election of directors) and the filing covers the appointment of an executive officer and the material terms of his employment agreement. A filing does not show why the insider traded or why the company acted.