Comtech’s former CEO nominate full slate of candidates for board

Fred Kornberg and Michael Porcelain, significant stockholders and former Chief Executive Officers of Comtech Telecommunications, issued an open letter to fellow Comtech stockholders. Michael Porcelain also announced that he has nominated a slate of eight highly qualified director candidates for election to the Comtech Board of Directors at the upcoming 2024 Annual Meeting of Stockholders. Collectively, the Nominees beneficially own approximately 7.6% of the outstanding shares of Comtech’s common stock. If elected, the Nominees intend to pursue a thorough evaluation of strategic options for Comtech’s 911 Public Safety business, the appointment of an external CEO & COO, and other initiatives aimed at enhancing long-term stockholder value. Kornberg and Porcelain wrote in the letter, “We believe the recommendations we made to the Board and the election of the new director candidates listed at the end of this letter are important for positioning Comtech for long-term success and maximizing stockholder value. As dedicated stakeholders and former leaders of Comtech, we stand ready to assist the Company and help it achieve its full potential. We appreciate the engagement of many stockholders and other stakeholders who share our commitment to Comtech’s success.”