Aviat Networks Management

Management criteria checks 2/4

Aviat Networks' CEO is Pete Smith, appointed in Jan 2020, has a tenure of 4.33 years. total yearly compensation is $4.15M, comprised of 15.7% salary and 84.3% bonuses, including company stock and options. directly owns 1.93% of the company’s shares, worth €6.90M. The average tenure of the management team and the board of directors is 3.8 years and 2.8 years respectively.

Key information

Pete Smith

Chief executive officer

US$4.2m

Total compensation

CEO salary percentage	15.7%
CEO tenure	4.3yrs
CEO ownership	1.9%
Management average tenure	3.8yrs
Board average tenure	2.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Pete Smith's remuneration changed compared to Aviat Networks's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 29 2024	n/a	n/a	US$14m
Dec 29 2023	n/a	n/a	US$15m
Sep 29 2023	n/a	n/a	US$18m
Jun 30 2023	US$4m	US$650k	US$12m
Mar 31 2023	n/a	n/a	US$13m
Dec 30 2022	n/a	n/a	US$14m
Sep 30 2022	n/a	n/a	US$14m
Jul 01 2022	US$4m	US$650k	US$21m
Apr 01 2022	n/a	n/a	US$19m
Dec 31 2021	n/a	n/a	US$108m
Oct 01 2021	n/a	n/a	US$109m
Jul 02 2021	US$2m	US$444k	US$110m
Apr 02 2021	n/a	n/a	US$108m
Jan 01 2021	n/a	n/a	US$14m
Oct 02 2020	n/a	n/a	US$6m
Jul 03 2020	US$1m	US$188k	US$257k

Compensation vs Market: Pete's total compensation ($USD4.15M) is above average for companies of similar size in the German market ($USD1.06M).

Compensation vs Earnings: Pete's compensation has been consistent with company performance over the past year.

CEO

Pete Smith (57 yo)

4.3yrs

Tenure

US$4,152,831

Compensation

Mr. Peter A. Smith, also known as Pete, PhD., is the Chief Executive Officer and President of Aviat Networks, Inc. since January 2, 2020 and serves as its Director since February 2020. He has been the Pres...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Peter Smith	President	4.3yrs	US$4.15m	1.93% $ 6.9m
Erin Boase	General Counsel	no data	US$594.22k	0.067% $ 239.8k
Gary Croke	Vice President of Marketing & Product Line Management	3.8yrs	US$460.71k	0.20% $ 707.5k
Michael Connaway	CFO & Senior VP	no data	no data	no data
Christy Cornet	Vice President of Global Operations & Supply Chain	no data	no data	no data
Andrew Fredrickson	Director of Corporate Development & Investor Relations	no data	no data	no data
Spencer Stoakley	Chief Human Resources Officer	no data	no data	no data

3.8yrs

Average Tenure

50yo

Average Age

Experienced Management: HSD1's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Peter Smith	President	4.3yrs	US$4.15m	1.93% $ 6.9m
John Mutch	Independent Chairman of the Board	9.3yrs	US$263.75k	0.62% $ 2.2m
Bruce Taten	Independent Director	2.2yrs	US$207.50k	0.059% $ 211.1k
Michele Klein	Independent Director	3yrs	US$213.75k	0.070% $ 249.9k
Bryan Ingram	Independent Director	2.5yrs	US$186.25k	0.058% $ 207.7k
Laxmi Akkaraju	Independent Director	less than a year	no data	no data

2.8yrs

Average Tenure

63yo

Average Age

Experienced Board: HSD1's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

Aviat Networks Management

Management criteria checks 2/4

Key information

Recent management updates

Aviat Networks, Inc. Appoints Michael Connaway as Chief Financial Officer

Aviat Networks, Inc. Announces the Appointment of Michael C. Connaway as Senior Vice President and Principal Financial Officer

Aviat Networks, Inc. Announces Board Changes

Aviat Networks, Inc., Annual General Meeting, Nov 08, 2023

Aviat Networks, Inc., Annual General Meeting, Nov 09, 2022

High number of new directors

Recent updates

Aviat Networks, Inc. Appoints Michael Connaway as Chief Financial Officer

Aviat Networks, Inc. Announces the Appointment of Michael C. Connaway as Senior Vice President and Principal Financial Officer

New minor risk - Share price stability

Third quarter 2024 earnings released: EPS: US$0.27 (vs US$0.43 in 3Q 2023)

Aviat Networks, Inc. Provides Earnings Guidance for the Year 2024

Aviat Networks, Inc. to Report Q3, 2024 Results on May 01, 2024

Second quarter 2024 earnings released: EPS: US$0.24 (vs US$0.53 in 2Q 2023)

Aviat Networks, Inc. Raises Earnings Guidance for the Fiscal Year 2024

Aviat Networks, Inc. to Report Q2, 2024 Results on Feb 06, 2024

Now 20% undervalued

Aviat Networks, Inc. (NasdaqGS:AVNW) acquired Wireless Backhaul Business from NEC Corporation (TSE:6701) for $66.4 million.

Aviat Networks, Inc. Announces Board Changes

Investor sentiment improves as stock rises 16%

New minor risk - Share price stability

Aviat Networks, Inc. Provides Revenue Guidance for Fiscal Full Year 2024

First quarter 2024 earnings released: EPS: US$0.35 (vs US$0.24 loss in 1Q 2023)

Aviat Networks, Inc. to Report Q1, 2024 Results on Nov 01, 2023

Aviat Networks, Inc., Annual General Meeting, Nov 08, 2023

New minor risk - Earnings quality

Aviat Networks, Inc. Provides Earnings Guidance for Fiscal Full Year 2024

Full year 2023 earnings released: EPS: US$1.02 (vs US$1.90 in FY 2022)

Aviat Networks, Inc. to Report Q4, 2023 Results on Aug 23, 2023

Aviat Networks, Inc. Introduces New Ultra-High Power Indoor Microwave Radio

Aviat Networks, Inc. (NasdaqGS:AVNW) entered into an agreement to acquire Wireless Backhaul Business from NEC Corporation (TSE:6701) for $70 million.

Investor sentiment deteriorates as stock falls 16%

Third quarter 2023 earnings released: EPS: US$0.43 (vs US$0.54 in 3Q 2022)

Aviat Networks, Inc. Raises Revenue Guidance for the Full Year 2023

Second quarter 2023 earnings released: EPS: US$0.53 (vs US$0.52 in 2Q 2022)

Aviat Networks, Inc. Revises Earnings Guidance for the Fiscal Year 2023

Aviat Networks, Inc. to Report Q2, 2023 Results on Feb 01, 2023

Aviat Networks, Inc. Provides Earnings Guidance for the Fiscal Year 2023

First quarter 2023 earnings released: US$0.24 loss per share (vs US$0.42 profit in 1Q 2022)

Aviat Networks, Inc. to Report Q1, 2023 Results on Nov 02, 2022

Aviat Networks, Inc. Releases Vendor Agnostic Multi-Band

Full year 2022 earnings released: EPS: US$1.90 (vs US$9.98 in FY 2021)

Aviat Networks, Inc., Annual General Meeting, Nov 09, 2022

Aviat Networks, Inc. Announces Availability of New Software

Aviat Networks, Inc. to Report Q4, 2022 Results on Aug 23, 2022

Aviat Networks, Inc. (NasdaqGS:AVNW) made a non-binding proposal to acquire remaining 94.96% stake in Ceragon Networks Ltd. (NasdaqGS:CRNT) for approximately $230 million.

Third quarter 2022 earnings released: EPS: US$0.54 (vs US$8.50 in 3Q 2021)

High number of new directors

Aviat Networks, Inc. to Report Q3, 2022 Results on May 04, 2022

Aviat Networks, Inc. (NasdaqGS:AVNW) entered into an arrangement agreement to acquire Redline Communications Group Inc. (TSX:RDL) for CAD 15.5 million.

Aviat Networks, Inc. Announces New Health Assurance Software

High number of new directors

Aviat Networks, Inc. Raises Revenue Guidance for Fiscal Year 2022

Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Independent Director recently bought €55k worth of stock

Aviat Networks, Inc. (NasdaqGS:AVNW) announces an Equity Buyback for $10 million worth of its shares.

First quarter 2022 earnings released: EPS US$0.42 (vs US$0.55 in 1Q 2021)

Aviat Introduces High Availability Routing Software

Full year 2021 earnings released: EPS US$9.98 (vs US$0.024 in FY 2020)

Aviat Networks, Inc. Provides Revenue Guidance for the Fiscal Year 2022

Investor sentiment improved over the past week

Aviat Networks, Inc.(NasdaqGS:AVNW) dropped from Russell Microcap Growth Index

Investor sentiment deteriorated over the past week

Aviat Networks, Inc. Unveils Industry's First Multi-Band Radios Combining 11 and 13 GHz Microwave Bands with 80 GHz E-Band in a Single Box

Investor sentiment improved over the past week

Aviat Networks, Inc. Announces Enhancements to its AviatCloud Software Platform

Third quarter 2021 earnings released: EPS US$8.50 (vs US$0.068 in 3Q 2020)

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

New 90-day high: €54.00

Investor sentiment improved over the past week

Ltd Broadband Taps Aviat Networks, Inc. for Key Role in Rural Broadband Network Expansion

DISH Network Corporation Selects Aviat Networks, Inc for 5G Microwave Wireless Transport

Second quarter 2021 earnings released: EPS US$1.21 (vs US$0.31 loss in 2Q 2020)

Revenue beats expectations