Every 8-K that Frequency Electronics, Inc. (FEIM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow FEIM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FEIM filings page.
Frequency Electronics, Inc. elected Allen Kaplan as Chief Financial Officer effective November 1, 2026. Steven L. Bernstein will retire as Chief Financial Officer, Secretary and Treasurer on that date. The company plans to enter into a one-year consulting agreement with Bernstein for transition services.
Kaplan’s annual base salary is $280,000, with an annual target performance bonus of 50% of base salary, prorated for fiscal 2027 and payable after the fiscal year-end financial statements are finalized. He will also receive a $37,500 one-time supplemental bonus payable in May 2027, and a new-hire award of 5,000 restricted stock units and 5,000 performance stock units. The restricted stock units are expected to be granted on November 1, 2026, and vest in four equal installments from November 1, 2027, through November 1, 2030. The performance stock units are expected to be granted in installments after the fiscal 2027 and fiscal 2028 financial statements are finalized, and vest, if at all, in four equal installments from the grant date. The company will reimburse relocation and temporary housing expenses up to $75,000. Frequency Electronics also reaffirmed its previously announced fiscal 2029 financial targets.
Frequency Electronics, Inc. reported results from its October 7, 2026 annual meeting of stockholders. A total of 8,731,732 shares, representing 77.58% of common shares entitled to vote, were represented in person or by proxy.
The director vote table reported votes for, withheld and broker non-votes as follows: Jonathan Brolin, 6,549,703 for, 585,824 withheld and 1,596,205 broker non-votes; Lance Lord, 5,460,320 for, 1,675,207 withheld and 1,596,205 broker non-votes; Russell Sarachek, 6,996,406 for, 139,121 withheld and 1,596,205 broker non-votes; Richard Schwartz, 6,501,836 for, 633,691 withheld and 1,596,205 broker non-votes; and Thomas McClelland, 6,987,070 for, 148,457 withheld and 1,596,205 broker non-votes. Two other reported vote tallies were 8,711,761 for, 14,624 against and 5,347 abstentions; and 6,855,209 for, 160,652 against, 119,666 abstentions and 1,596,205 broker non-votes.
Frequency Electronics, Inc. (FEIM) reported a very strong first quarter of fiscal 2027, with record revenue of $23.5 million, up 70% year-over-year and 52% sequentially, and record funded backlog of $129 million, up 82% year-over-year and 16% sequentially.
Gross margin expanded to about 46% and operating margin exceeded 22%, driving operating income to $5.2 million versus $0.4 million a year earlier. Net income rose to $4.2 million, or $0.41 per diluted share, compared with $0.07 per share in the prior-year quarter.
The company generated $3.0 million of operating cash flow and remains debt-free. Cash and cash equivalents increased to about $61.4 million from $1.6 million at April 30, 2026, aided by a secondary offering that added roughly $73 million in cash. Management reiterated confidence in achieving at least $150 million in annual revenue by fiscal 2029.
Frequency Electronics, Inc. reports that underwriters fully exercised their 30‑day option to purchase 260,869 additional shares of common stock granted in connection with a recent underwritten offering. This option relates to a broader transaction in which the company sold 1,086,957 shares and selling stockholders sold 652,174 shares.
The option was exercised on August 3, 2026 and the shares were purchased on August 5, 2026, generating approximately $14.1 million in gross proceeds to the company before underwriting discounts, commissions and offering expenses. Frequency Electronics plans to use the net proceeds to fund additional growth opportunities, including capital expenditures, working capital and other general corporate purposes. The option shares were issued under an effective registration statement on Form S‑3 with related prospectus supplements.
Frequency Electronics, Inc. completed an underwritten offering of 1,739,131 shares of common stock on July 30, 2026. The company sold 1,086,957 new shares and selling stockholders sold 652,174 shares at an offering price of $57.50 per share.
The transaction generated gross proceeds of approximately $62.5 million for the company before underwriting discounts, commissions and expenses. Under an Underwriting Agreement, the underwriters also hold a 30-day option to purchase up to 260,869 additional shares from the company, with all shares registered under a registration statement on Form S-3.
Frequency Electronics, Inc. reported results for the three and twelve months ended April 30, 2026, showing revenue of $15,398 thousand for the fourth quarter and $63,227 thousand for the fiscal year. The company posted an operating loss of $6,349 thousand in the quarter and $3,001 thousand for the year, with net losses of $4,905 thousand (or $0.50 per diluted share) for the quarter and $903 thousand (or $0.09 per diluted share) for the year, compared with profits in fiscal 2025. Net cash provided by operating activities was approximately $1.3 million for fiscal 2026.
Funded backlog reached a record approximately $111 million at April 30, 2026, up 34% sequentially and 59% year over year. Management reaffirmed a minimum revenue target of $150 million by Fiscal 2029, representing a stated 34% CAGR from Fiscal 2026, and set minimum gross and operating margin targets of 50% and 30% by Fiscal 2029. Results were affected by a restructuring of the FEI-Elcom business, including a $3.8 million inventory write-down that produced an approximate $0.9 million tax benefit in the quarter and an anticipated $9.3 million future tax benefit, as well as other non-recurring and investment-related charges. On a non-GAAP basis, after these adjustments, fiscal 2026 gross margin was 41.2% and operating margin 11.3%.
Frequency Electronics, Inc. entered into a new senior secured revolving credit facility with JPMorgan Chase Bank for $10,000,000, maturing on June 12, 2029. Up to $5,000,000 of this line can be used for letters of credit, giving the company flexible access to liquidity.
The facility is guaranteed by wholly owned subsidiary FEI-Zyfer, Inc. and secured by substantially all of the company’s and subsidiary’s assets. Borrowings accrue interest at either the Prime Rate (with a 2.50% floor) plus 2.50%, or an Adjusted Term SOFR rate plus 2.50%, and the undrawn portion carries a 0.35% commitment fee. The agreement includes customary covenants, including a maximum total leverage ratio of 2.25 to 1.00 and a minimum fixed charge coverage ratio of 1.25 to 1.00, as well as standard events of default.
Frequency Electronics, Inc. reported third-quarter fiscal 2026 revenue of $16.9 million, down from $18.9 million a year earlier, with net income of $1.6 million, or $0.16 per diluted share, versus $15.4 million, or $1.60 per diluted share.
For the nine months ended January 31, 2026, revenue was $47.8 million compared with $49.8 million, and net income was $4.0 million, or $0.41 per diluted share, compared with $20.5 million, or $2.14 per diluted share.
The company highlighted a record funded backlog of about $83 million at January 31, 2026, up from $70 million at April 30, 2025, and two newly awarded contracts totaling approximately $45 million, described as among the largest in its history. Cash and cash equivalents declined to $86 thousand from $4.7 million at April 30, 2025, though management noted over $11 million has been collected since February 1, 2026 and emphasized the business remains debt-free.
Frequency Electronics, Inc. shareholders re-elected the company's director nominees to one-year terms, ratified Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending April 30, 2026, and approved, on a non-binding advisory basis, the compensation of the named executive officers. Shareholders also voted, on a non-binding advisory basis, to hold future non-binding advisory votes on executive compensation each year. The filing includes reported vote tallies for the matters presented.
Frequency Electronics, Inc. disclosed that its Board of Directors has approved a new share repurchase authorization of $20 million for its common stock. The company may buy back shares from time to time at its discretion through open market purchases, privately negotiated deals, or other methods, depending on business and market conditions and other investment opportunities.
This new authorization has no expiration date and replaces the prior repurchase authorization, under which about $550,000 remained. The company also issued a press release announcing financial results for the quarter ended July 31, 2025, which is included as an exhibit to this report.