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 Officers
Item 5.02
|
Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
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 set for the first
half of its fiscal year 2017 under the Companys 2017 Annual
Incentive Plan (AIP), to which payments of cash incentive awards
may be made to certain of the Companys officers. The named
executive officers of the Company who will receive such cash
incentive awards, and the amounts to be paid to the named
executive officers are as follows:
|
Name
|
Position
|
Mid-Year AIP Award Amount
|
|
Heinz Stumpe
|
Senior Vice President and Chief Sales Officer
|
$36,225.03
|
|
Shaun McFall
|
Senior Vice President, Chief Marketing and Strategy
Officer |
$31,200.02
|
|
Meena Elliott
|
Senior Vice President, Chief Legal and Administrative
Officer, Corporate Secretary |
$31,200.02
|
Chief Executive Officer or Chief Financial Officer of the
Company. 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. AVIAT NETWORKS, INC. (NASDAQ:AVNW) Recent Trading Information
AVIAT NETWORKS, INC. (NASDAQ:AVNW) closed its last trading session up +0.09 at 13.91 with 34,453 shares trading hands.