Business Context and Reporting Period
Company: Frequency Electronics, Inc. (FEIM)
Filing Type: Form 8-K (Current Report)
Date of Report: July 22, 2024
Context: This filing announces the declaration of a special cash dividend and references the press release containing financial results for the fiscal year ended April 30, 2024.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained in the referenced press release (Exhibit 99.1) which is incorporated by reference but not detailed in the body of this 8-K.
Dividend Declaration:
- Amount: $1.00 per share of common stock.
- Total Payout: Approximately $9.4 million.
- Record Date: August 8, 2024.
- Payment Date: August 29, 2024.
Material Changes
The primary material event reported is the Board of Directors' declaration of a special cash dividend totaling approximately $9.4 million. No other material changes to operations or financial condition are detailed in the text of this filing.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, forward-looking guidance, risk factors, or contingencies. Investors are directed to the attached press release (Exhibit 99.1) for the full announcement of fiscal year results.
Investor Verification Checklist
- Verify the exact number of shares outstanding to confirm the $9.4 million total dividend calculation.
- Review Exhibit 99.1 (Press Release) for the specific revenue, net income, and cash flow figures for the fiscal year ended April 30, 2024.
- Confirm the record date (August 8, 2024) to ensure eligibility for the special dividend.
- Check for any subsequent filings regarding the actual payment of the dividend on August 29, 2024.