Leadership & Pay ·
CFO Steven L. Bernstein retires effective Nov 1; enters consulting agreement
FEIMFrequency Electronics Inc
Frequency Electronics, Inc. announced that Chief Financial Officer Steven L. Bernstein retired from his executive roles as CFO, Treasurer and Secretary, effective November 1, 2026. The company entered into a consulting agreement with Mr. Bernstein for an initial term ending October 31, 2027, providing transition services in exchange for an annual fee of $282,505 payable monthly. Upon completion of the term or termination without cause, he will receive accelerated vesting of equity awards and lifetime deferred compensation benefits of $38,000 annually subject to a release of claims. Frequency Electronics, Inc. designs and manufactures electronic components for defense, aerospace and industrial applications.