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Posted 13 March, 2024

COMTECH TELECOMMUNICATIONS CORP /DE/ appointed new CEO

CEO Change detected for ticker Nasdaq:CMTL in a 8-K filed on 13 March, 2024.


  On March 12, 2024, the Board of Directors (the "Board of Directors") of Comtech Telecommunications Corp. ("Comtech" or the "Company") terminated Ken Peterman as President and Chief Executive Officer of the Company for cause due to conduct unrelated to Comtech's business strategy, financial results or previously filed financial statements. Upon termination of his employment, Mr. Peterman was deemed to have resigned from his position as Chairman of the Board of Directors and as a director pursuant to his employment contract.  

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Overview of COMTECH TELECOMMUNICATIONS CORP /DE/
Technology • Networking
Comtech Telecommunications Corp. engages in the provision of emergency systems and wireless and satellite communications. It operates through Satellite and Space Communications and Terrestrial and Wireless Networks segments. The Satellite and Space Communication segment offers satellite ground station technologies, services and system integration that facilitate the transmission of voice, video, and data over GEO, MEO, and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms and frequency converters. The Terrestrial and Wireless Networks segment provides SMS Text to 911 services, providing alternate paths for individuals who need to request assistance method to reach Public Safety Answering Points. The company was founded in 1967 and is headquartered in Melville, NY.
Market Cap
$185M
View Company Details
COMTECH TELECOMMUNICATIONS CORP /DE/ by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On March 12, 2024, the Board of Directors (the "Board of Directors") of Comtech Telecommunications Corp. ("Comtech" or the "Company") terminated Ken Peterman as President and Chief Executive Officer of the Company for cause due to conduct unrelated to Comtech's business strategy, financial results or previously filed financial statements. Upon termination of his employment, Mr. Peterman was deemed to have resigned from his position as Chairman of the Board of Directors and as a director pursuant to his employment contract.


John Ratigan, age 63, who is currently the Company's Chief Corporate Development Officer ("CCDO"), will serve as interim Chief Executive Officer, effective immediately. Before joining Comtech in November 2023 as the Company's first CCDO, Mr. Ratigan served as CEO and President of iDirect Government, LLC and as an Executive Committee Member of ST Engineering iDirect, Inc. Earlier in his career, Mr. Ratigan ran East Coast operations for Fairchild Data Corporation and EF Data Corp., which was acquired by Comtech in July 2000. Prior to that, Mr. Ratigan held the position of Senior Vice President of North and South American sales for the start-up BroadLogic Network Technologies, Inc. He began his career in the United States Senate working for Senator Bill Armstrong (R-Colorado) and held multiple sales positions with the Xerox Corporation as a member of the legal sales team. Mr. Ratigan holds a Bachelor of Science in Marketing from the University of Maryland.


Mark Quinlan, who currently serves on the Board of Directors, has been elected as Chairman of the Board of Directors. Information concerning Mr. Quinlan can be found in, and is incorporated by reference into this Item 5.02 from, the Company's Proxy Statement filed with the Securities and Exchange Commission on November 16, 2023.