Every material Form 8-K FREQUENCY ELECTRONICS INC has filed with the SEC since September 10, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Steven L. Bernstein retired as Chief Financial Officer, Treasurer and Secretary of Frequency Electronics, Inc. effective November 1, 2026, and will provide transition services under a consulting agreement with an initial term ending October 31, 2027. The filing sets out his consulting fee, post-retirement benefits and the conditions under which those benefits apply, which shareholders may want to note when assessing the company's finance leadership transition.
Retirement effective November 1, 2026; agreement signed October 31, 2026, effective November 1, 2026
Annual consulting fee of $282,505, paid monthly, plus pre-approved expense reimbursement
Initial consulting term ends October 31, 2027; equity awards continue to vest during the term
Annual lifetime benefit of $38,000 under his 2015 deferred compensation agreement if the term is completed or ended without Cause, subject to a release of claims
Frequency Electronics said its Board elected Allen Kaplan as Chief Financial Officer effective November 1, 2026, succeeding Steven L. Bernstein, who is retiring from the roles of CFO, Secretary and Treasurer. The company also reaffirmed its fiscal 2029 financial targets, a change in leadership for a company whose finance chief is also its principal accounting officer.
Allen Kaplan, age 45, was Vice President, Finance and Business Operations for Leidos' Defense Sector and previously worked at Lockheed Martin from 2005 to 2016.
Kaplan's base salary is $280,000, with a 50% target bonus and a one-time new hire award of 5,000 restricted stock units and 5,000 performance stock units.
Bernstein will provide transition services under a planned one-year consulting agreement beginning November 1, 2026.
The company reaffirmed minimum targets for the fiscal year ending April 30, 2029: $150 million revenue, 50% gross margin and 30% operating margin.
Frequency Electronics reported first-quarter fiscal 2027 results for the quarter ended July 31, 2026, with revenue of $23.5 million, up from $13.8 million a year earlier. Net income rose to $4.2 million, or $0.41 per diluted share, from $0.07 a year earlier, and the company said a secondary offering added approximately $73 million in cash.
Revenue was approximately $23.5 million, up 70% from $13.8 million in the same quarter of fiscal 2026.
Operating income was $5.2 million, compared with $0.4 million a year earlier.
Net income was $4.2 million, or $0.41 per diluted share, versus $0.07 per diluted share a year earlier.
Funded backlog was approximately $129 million at July 31, 2026, up from $111 million at April 30, 2026.
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