Monitor upcoming quarterly filings for progress toward the fiscal 2029 targets, particularly revenue trajectory and margin expansion. The CFO transition is orderly but the new CFO's background in defense sector finance may signal a continued focus on government contracts.
Price Chart
Executive Summary
Frequency Electronics announced the election of Allen Kaplan as CFO, effective November 1, 2026, succeeding Steven L. Bernstein who is retiring after 16 years. The company also reaffirmed its fiscal 2029 financial targets of minimum $150 million revenue, 50% gross margin, and 30% operating margin. The CFO transition appears orderly with a one-year consulting agreement for the outgoing CFO, and the reaffirmed targets provide a long-term benchmark but are forward-looking statements with no current financial results reported.
Key Facts
- Allen Kaplan elected CFO effective November 1, 2026, succeeding Steven L. Bernstein who is retiring
- Kaplan's annual base salary will be $280,000 with a 50% target performance bonus
- Kaplan receives a one-time supplemental bonus of $37,500 and equity awards of 5,000 RSUs and 5,000 PSUs
- Company reaffirms fiscal 2029 targets: minimum $150M revenue, 50% gross margin, 30% operating margin
- Outgoing CFO Bernstein will provide transition services under a one-year consulting agreement
- Kaplan previously served as VP Finance and Business Operations at Leidos Defense Sector
Financial Impact
No current financial results reported; fiscal 2029 targets of $150M minimum revenue, 50% gross margin, 30% operating margin reaffirmed
Risk Factors
- Fiscal 2029 targets are forward-looking and may not be achieved
- CFO transition could cause temporary disruption despite consulting agreement
- No current financial data provided to assess baseline against targets
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001185185-26-004889 |
| Document: feimex99-1.htm | 0001185185-26-004889 |
| Document: 0001185185-26-004889-index-headers.html | 0001185185-26-004889 |
| Document: 0001185185-26-004889-index.html | 0001185185-26-004889 |
| Document: 0001185185-26-004889.txt | 0001185185-26-004889 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 8-K | $61.60 $64.18 | ▲ +4.19% | ▲ +4.71% | $70.72 (+14.81%) |
Oct 21, 2026 6d ago | Press Release | $61.60 $64.18 | ▲ +4.19% | ▲ +4.71% | $70.72 (+14.81%) |
Sep 10, 2026 6w ago | Press Release | $88.38 $85.50 | ▼ −3.25% | ▼ −2.81% | $70.72 (−19.98%) |
Sep 3, 2026 7w ago | Press Release | $60.67 | awaiting T+1 | — | $70.72 (+16.57%) |
Jul 28, 2026 12w ago | Press Release | $57.69 $59.89 | ▼ −3.81% | ▼ −2.14% | $70.72 (−22.59%) |
Jul 22, 2026 13w ago | EFFECT | $72.39 $73.24 | ▲ +1.17% | ▲ +2.41% | $70.72 (−2.31%) |
Jul 17, 2026 14w ago | S-3 | $66.72 $79.85 | ▲ +19.67% | ▲ +18.84% | $70.72 (+6.00%) |
Jun 12, 2026 19w ago | 8-K | $74.31 $70.15 | ▼ −5.60% | ▼ −5.00% | $70.72 (−4.83%) |
May 27, 2026 21w ago | Press Release | $75.60 $75.88 | ▲ +0.37% | ▲ +0.13% | $70.72 (−6.46%) |
Mar 11, 2026 32w ago | Press Release | $46.66 $48.11 | ▲ +3.11% | ▲ +3.71% | $70.72 (+51.56%) |
US Market Status
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