Comtech's Former CEOs Nominate Full Slate of Candidates for Comtech Board of Directors

Core Viewpoint - Significant stockholders and former CEOs of Comtech Telecommunications Corp. advocate for an independent evaluation of strategic options for the company's 911 Public Safety business, the appointment of an external CEO and COO, and other initiatives to enhance stockholder value [1][4][22]. Group 1: Nomination of New Directors - Michael Porcelain has nominated a slate of eight highly qualified director candidates for election to the Comtech Board at the upcoming 2024 Annual Meeting of Stockholders, collectively owning approximately 7.6% of the outstanding shares [2][6]. - The nominees include experienced professionals from various sectors, such as Keith Hall, Michael Hildebrandt, Fred Kornberg, and others, each bringing relevant industry expertise [3][23]. Group 2: Recommendations for Comtech - The nominees propose critical actions for Comtech's future success, including leadership change disclosures, a thorough search for an external CEO and COO, and an evaluation of strategic options for the 911 Public Safety business [9][10][11]. - Recommendations also include assessing capital structure and financing, enhancing core business units, optimizing operational efficiency, investing in innovation, and establishing targeted profit centers [12][13][14][15][16]. Group 3: Strategic Alternatives for 911 Public Safety Business - The stockholders recommend exploring strategic alternatives for the 911 Public Safety business, suggesting that a well-executed sale process could unlock substantial stockholder value, potentially exceeding $553 million based on industry comparisons [17][18]. - They have consulted with an industry-specific investment banking firm and believe that the 911 Public Safety business is significantly larger than Rave Mobile Safety, Inc., which was sold for$553 million [18][20]. Group 4: Engagement and Communication - The stockholders express their commitment to engaging in constructive dialogue with the Board and management to collaboratively develop strategies that benefit all stockholders [22][23]. - A new website, TheFutureComtech.com, has been created to facilitate communication and provide updates on the stockholders' initiatives and SEC filings [21].