Comtech Telecommunications Corp , a communications equipment maker under pressure from an activist investor, on Monday nominated two candidates for the board, including former chief executive of defense consulting firm SRA International.Comtech said one of its directors, Gerard Nocita, will not stand for re-election at its upcoming annual shareholder meeting in January due to personal health reasons, and Stanton Sloane is being nominated to replace Nocita's seat on the board.Sloane, a former Lockheed Martin Corp executive, served as president and chief executive of SRA International from 2007 through July this year, when the company was acquired by private equity firm Providence Equity Partners.He currently serves as chief executive of Decision Sciences International Corporation, a security and detection systems company.
Comtech Telecommunications Corp. (Comtech) designs, develops, produces and markets products, systems and services for communications solutions. Shares of CMTL traded higher by 0.32% or $0.11/share to $34.43. In the past year, the shares have traded as low as $23.51 and as high as $32.00. On average, 362978 shares of CMTL exchange hands on a given day and today's volume is recorded at 317802.
Source
