Outerbridge Issues Presentation Refuting Comtech’s False and Misleading Claims
Outerbridge Capital Management, LLC (Outerbridge), a beneficial owner of approximately 4.9% of Comtech Telecommunications Corp.s (NASDAQ: CMTL) (Comtech or the Company) outstanding shares of common stock, today issued an investor presentation refuting the false and misleading claims contained in Comtechs recent public materials.
- Outerbridge Capital Management, LLC (Outerbridge), a beneficial owner of approximately 4.9% of Comtech Telecommunications Corp.s (NASDAQ: CMTL) (Comtech or the Company) outstanding shares of common stock, today issued an investor presentation refuting the false and misleading claims contained in Comtechs recent public materials.
- The presentation highlights the following:
Change is urgently needed to bring critical relevant experience to the boardroom. - Despite Comtechs misleading and false claims of business momentum, the Board has in fact overseen significant shareholder value destruction, is cherry-picking data in its characterization of total shareholder return (TSR), and has made disastrous capital allocation decisions.
- Outerbridge nominees Wendi Carpenter and Sidney Fuchs are the right choice for Comtechs Board.