Frequency Electronics CFO Bernstein retires Nov. 1; consulting deal runs to Oct. 31, 2027
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.
Key points
- 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
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.