AVIAT NETWORKS, INC. — Form 8-K Summary
Report date: October 6, 2026; earliest event reported: October 5, 2026. This filing reports an executive appointment, not quarterly or annual financial results.
Business context and reporting period
On October 5, 2026, Aviat Networks’ Board appointed Khashayar “Hash” Pakbaz Senior Vice President and Chief Operations Officer. Mr. Pakbaz joined the Company on June 1, 2026, as Vice President, Chief Digital & Information Officer. The filing provides no financial reporting-period results.
Compensation and key financial terms
- Annual base salary: $365,000, subject to annual Board review and adjustment.
- Beginning in fiscal 2027, eligible for an annual incentive plan with a target bonus of 50% of base salary, subject to Company performance objectives and plan terms.
- Eligible for the long-term incentive program with a target value of 50% of base salary, subject to Board-determined terms.
- One-time restricted stock unit award with a grant-date value of $200,000, vesting over two years, with vesting on the first anniversary of the agreement date and each anniversary thereafter.
The filing does not report revenue, profit, cash flow, margins, debt, liquidity, or other operating results; it provides no comparable-period financial data.
Employment terms, contingencies, and risks
- The agreement’s initial term runs from October 5, 2026, to its first anniversary and automatically renews for successive one-year terms unless either party gives timely notice of non-renewal. The Company may terminate employment with or without Cause.
- For a qualifying termination—Company termination without Cause, death or Disability, or resignation for Good Reason—Mr. Pakbaz may receive a lump sum equal to one times the sum of base salary and prorated target annual bonus, plus COBRA premiums for up to 12 months, subject to signing a general release.
- For a qualifying termination within the specified period around a change in control—three months before or 12 months after—he may receive one times the sum of base salary and target annual bonus, full vesting of outstanding equity awards (performance awards based on actual performance if determinable, otherwise target), and COBRA premiums for up to 18 months, subject to a release.
- Non-renewal provides no compensation or benefits beyond amounts earned through termination. The agreement also includes a 12-month non-solicitation covenant and continuing confidentiality obligations.
- The filing states there are no reportable related-party transactions and no arrangement or understanding with another person concerning the appointment.
No business outlook, financial guidance, or management commentary on operating performance is provided. The final employment agreement form is expected to be filed with the Company’s next Form 10-Q; this 8-K’s description is qualified by that final agreement.
Important facts for investors to verify
- Review the final employment agreement when filed, including definitions of Cause, Good Reason, Disability, and change in control and applicable notice requirements.
- Confirm actual annual incentive and long-term incentive awards, their performance conditions, and any equity grant details.
- Assess potential severance and accelerated equity costs if a qualifying termination or change-in-control termination occurs.
- Consult subsequent filings for financial results and any additional details about the executive appointment or agreement.