AVIAT NETWORKS, INC. (NASDAQ:AVNW) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October6, 2017, the Compensation Committee (the “Committee”) of the Board of Directors of Aviat Networks, Inc. (the “Company”) determined that the Company achieved the adjusted earnings before interest, taxes, depreciation and amortization threshold set for its fiscal year 2017 under the Company’s 2017 Annual Incentive Plan (“AIP”), to which payments of cash incentive awards for the second-half of the Company’s fiscal year 2017 may be made to certain of the Company’s officers. On October6, 2017, the Company paid cash incentive awards to its named executive officers in the amounts set forth below:
|
Name |
Position |
End-of-Year AIP Award Amount |
|
Michael Pangia |
President and Chief Executive Officer |
$324,522.02 |
|
Ralph Marimon |
Senior Vice President and Chief Financial Officer |
$115,057.77 |
|
Heinz Stumpe |
Senior Vice President and Chief Sales Officer |
$106,269.71 |
|
Shaun McFall |
Senior Vice President, Chief Marketing and Strategy Officer |
$91,528.36 |
|
Meena Elliott |
Senior Vice President, Chief Legal and Administrative Officer, Corporate Secretary |
$91,528.36 |
The Committee is responsible for administering the AIP and determining awards to officers of the Company thereunder.
About AVIAT NETWORKS, INC. (NASDAQ:AVNW)
Aviat Networks, Inc., together with its subsidiaries, is a supplier of microwave networking solutions. The Company’s product categories include point-to-point microwave and millimeter wave radios that are licensed (subject to local frequency regulatory requirements), lightly-licensed and license-exempt (operating in license-exempt frequencies), and element and network management software. In addition, it provides a range of professional services enabling it to deliver turnkey networks, including design, deployment, maintenance and managed services. It designs, manufactures and sells a range of wireless networking products, solutions and services to mobile and fixed public network operators, private network operators, Federal, State and Local government agencies, transportation, energy and utility companies, public safety agencies and broadcast network operators around the world. The Company sells products and services directly to its customers and also use agents and resellers.
