# EDGAR Filing Document

**Accession Number:** 0000023197
**File Stem:** 0000023197-25-000063
**Filing Date:** 2025-8
**Character Count:** 16041
**Document Hash:** 8e36e8985d529cf92e506fad6186ea64
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000023197-25-000063.hdr.sgml**: 20250818

**ACCESSION NUMBER**: 0000023197-25-000063

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20250818

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250818

**DATE AS OF CHANGE**: 20250818

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COMTECH TELECOMMUNICATIONS CORP /DE/
- **CENTRAL INDEX KEY:** 0000023197
- **STANDARD INDUSTRIAL CLASSIFICATION:** RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 112139466
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-07928
- **FILM NUMBER:** 251228768

**BUSINESS ADDRESS:**
- **STREET 1:** 305 N 54TH STREET
- **CITY:** CHANDLER
- **STATE:** AZ
- **ZIP:** 85226
- **BUSINESS PHONE:** 4803332200

**MAIL ADDRESS:**
- **STREET 1:** 305 N 54TH STREET
- **CITY:** CHANDLER
- **STATE:** AZ
- **ZIP:** 85226

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COMTECH INC
- **DATE OF NAME CHANGE:** 19870503

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COMTECH TELECOMMUNICATIONS CORP
- **DATE OF NAME CHANGE:** 19831215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COMTECH LABORATORIES INC
- **DATE OF NAME CHANGE:** 19780425

?xml version='1.0' encoding='ASCII'? cmtl-20250818

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

**FORM 8-K**<br>

**CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

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| | |
|:---|:---|
| **August 18, 2025** | **0-7928** |
| Date of Report <br>(Date of earliest event reported) | Commission File Number |

---

![Comtech_logo_full_color_light_bkgrnd no tag horizontal (1) (002)_SIDE BY SIDE.jpg](cmtl-20250818_g1.jpg)

(Exact name of registrant as specified in its charter)

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| | |
|:---|:---|
| **Delaware** | **11-2139466** |
| (State or other jurisdiction of <br>incorporation or organization) | (I.R.S. Employer Identification Number) |

---

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| |
|:---|
| **305 N 54th Street,** <br>**Chandler, Arizona 85226** |
| (Address of Principal Executive Offices) (Zip Code) |
| **(480) 333-2200** |
| (Registrant's telephone number, including area code) |

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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| | | |
|:---|:---|:---|
| Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: |
| Title of each class | Trading Symbol(s) | Name of exchange on which registered |
| **Common Stock, par value $0.10 per share** | **CMTL** | **NASDAQ Stock Market LLC** |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 5.02&nbsp;&nbsp;&nbsp;&nbsp;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&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

(d) Exhibits.

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| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description</u> |
| <u>[99.1](exhibit991-pressreleasexco.htm)</u> | <u>[Press Release, dated August 18, 2025, issued by Comtech Telecommunications Corp.](exhibit991-pressreleasexco.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document). |

---

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**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:&nbsp;&nbsp;&nbsp;&nbsp;August 18, 2025

By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Michael A. Bondi&nbsp;&nbsp;&nbsp;&nbsp;</u> 

Name:&nbsp;&nbsp;&nbsp;&nbsp;Michael A. Bondi

Title:&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

## Exhibit 99.1

**EXHIBIT 99.1**

**Comtech Appoints Lloyd A. Sprung to its Board of Directors**

**CHANDLER, Ariz. – August 18, 2025 –** Comtech Telecommunications Corp. (NASDAQ: CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced that its Board of Directors (the "Board") has appointed Lloyd A. Sprung as an independent director, effective August 18, 2025.

Mr. Sprung possesses more than three decades of corporate finance, capital markets and restructuring experience, having held senior executive roles at leading investment banks including Evercore and UBS. He is currently the managing member of LAS Advisors, an independent financial and strategic advisory firm.

"We are pleased to welcome Lloyd to the Board at this important time for our Company," said Ken Traub, Chairman, President and CEO of Comtech. "With the improved operating performance that we announced in the third quarter together with the recent financing transactions, Comtech is stronger today and we believe Lloyd will bring a valuable perspective to the Board as we continue to execute on our operational, financial and strategic initiatives to enhance shareholder value."

"I am honored to be joining the Comtech Board," said Mr. Sprung. "I look forward to working alongside my fellow directors to support Comtech's management team and business plans going forward."

**About Lloyd A. Sprung**

Mr. Sprung, age 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 Restructuring and Private Debt Advisory practices. 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 the University of Pennsylvania and a Master of Business Administration as a Baker Scholar from Harvard Business School.

**About Comtech**

Comtech Telecommunications Corp. is a leading provider of satellite and space communications technologies; terrestrial and wireless network solutions; Next Generation 911 ("NG911") and emergency services; and cloud native capabilities to commercial and government customers around the world. Through its culture of innovation and employee empowerment, Comtech leverages its global presence and decades of technology leadership and experience to create some of the world's most innovative solutions for mission-critical communications. For more information, please visit <u>www.comtech.com</u>.

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**Cautionary Note Regarding Forward-Looking Statements**

Certain information in this press release contains, and oral statements made by the Company's representatives from time to time may contain, forward-looking statements. Forward-looking statements can be identified by words such as: "anticipate," "believe," "continue," "could," "estimate," "expect," "future," "goal," "outlook," "intend," "likely," "may," "plan," "potential," "predict," "project," "seek," "should," "strategy," "target," "will," "would," and similar references to future periods. Forward-looking statements include, among others, statements regarding expectations for its strategic alternatives process, expectations for further portfolio-shaping opportunities, expectations for other operational initiatives, the intended use of proceeds from the Credit Facility and Amended Subordinated Credit Facility, expectations for completing further financing initiatives, future performance and financial condition, plans to address its ability to continue as a going concern, the plans and objectives of management and assumptions regarding such future performance, financial condition, and plans and objectives that involve certain significant known and unknown risks and uncertainties and other factors not under its control which may cause actual results, future performance and financial condition, and achievement of plans and objectives of management to be materially different from the results, performance or other expectations implied by these forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by which, such performance or results will be achieved. Forward-looking information is based on information available at the time and/or the Company's good faith belief with respect to future events, and is subject to risks and uncertainties that are difficult to predict and many of which are outside of the Company's control. Factors that could cause actual results to differ materially from current expectations include, among other things: the outcome and effectiveness of the aforementioned strategic alternatives process, further portfolio-shaping opportunities, other operational initiatives, and the completion of further financing activities; its ability to access capital and liquidity so that the Company is able to continue as a going concern; its ability to implement changes in executive leadership; the possibility that the expected synergies and benefits from strategic activities will not be fully realized, or will not be realized within the anticipated time periods; the risk that acquired businesses will not be integrated successfully; impacts from, and uncertainties regarding, future actions that may be taken by activist stockholders; the possibility of disruption from acquisitions or dispositions, making it more difficult to maintain business and operational relationships or retain key personnel; the risk that the Company will be unsuccessful in implementing a tactical shift in its Satellite and Space Communications segment away from bidding on large commodity service contracts and toward pursuing contracts for niche products and solutions with higher margins; the nature and timing of receipt of, and performance on, new or existing orders that can cause significant fluctuations in net sales and operating results; the timing and funding of government contracts; adjustments to gross profits on long-term contracts; risks associated with international sales; rapid technological change; evolving industry standards; new product announcements and enhancements; changing customer demands and/or procurement strategies and ability to scale opportunities and deliver solutions to current and prospective customers; changes and uncertainty in prevailing economic and political conditions (including financial and capital market conditions), including as a result of Russia's military incursion into Ukraine, the Israel-Hamas war and attacks in the Red Sea region or any tariff, trade restriction or similar matters; changes in the price of oil in global markets; changes in prevailing interest rates and foreign currency exchange rates; risks associated with legal proceedings, customer claims for indemnification, and other similar matters; risks associated with obligations under its credit facilities; risks associated with large contracts; risks associated with supply chain disruptions; and other factors described in this and other Company filings with the Securities and Exchange Commission. However, the risks described above are not the only risks that the Company faces. Additional risks and uncertainties, not currently known to the Company or that do not currently appear to be material, may also materially adversely affect its business, financial condition and/or operating results in the future. The Company describes risks and uncertainties that could cause actual results and events to differ materially in the "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Quantitative and Qualitative Disclosures about Market Risk" sections of its SEC filings. The Company does not intend to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise, except as required by law.

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**Investor Relations Contact**

Maria Ceriello

631-962-7115

<u>maria.ceriello@comtech.com</u>

**Media Contact**

Jamie Clegg

480-532-2523

<u>jamie.clegg@comtech.com</u>

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