Management ChangeOct 21, 2026, 04:38 PM
Frequency Electronics Appoints Allen Kaplan CFO; Steven Bernstein Retires
AI Summary
Frequency Electronics, Inc. announced the appointment of Allen Kaplan as its new Chief Financial Officer, effective November 1, 2026. He succeeds Steven L. Bernstein, who will retire on the same date. Mr. Kaplan's compensation package includes a base salary of $280,000, a performance bonus, a one-time supplemental bonus, and equity awards. The company also reaffirmed its previously announced fiscal year 2029 financial targets.
Key Highlights
- Allen Kaplan appointed Chief Financial Officer of Frequency Electronics, Inc., effective November 1, 2026.
- Steven L. Bernstein to retire as CFO, Secretary, and Treasurer effective November 1, 2026.
- Mr. Kaplan's annual base salary will be $280,000.
- Mr. Kaplan to receive an annual target performance bonus of 50% of base salary.
- Mr. Kaplan to receive a one-time supplemental bonus of $37,500.
- Mr. Kaplan to receive equity awards: 5,000 restricted stock units and 5,000 performance stock units.
- Company reaffirms fiscal year 2029 financial targets: minimum revenue of $150M, gross margin of 50%, operating margin of 30%.
Price Impact
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