Frequency Electronics Sets $282,505 Annual Consulting Fee for Retired CFO Bernstein
Bitget2026/11/05 22:25- Frequency Electronics entered a consulting agreement October 31, 2026, with Steven L. Bernstein, who retired as chief financial officer November 1.
- Effective November 1, 2026, through October 31, 2027, the agreement pays $282,505 annually in monthly installments.
- Bernstein’s outstanding restricted stock units and performance stock units will continue vesting during the consulting term.
- Completing the initial term or termination without Cause qualifies Bernstein for a $38,000 annual lifetime benefit, subject to a claims release.
- Termination without Cause before the initial term ends triggers remaining consulting fees and immediate vesting of equity awards scheduled within that term.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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