Frequency Electronics, Inc. Announces Termination of Martin B. Bloch as the Chief Scientist and Executive Chairman of the Board of Directors
January 27, 2020 at 05:16 pm EST
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On January 27, 2020, Frequency Electronics, Inc. terminated the employment of Martin B. Bloch as the Chief Scientist of the company. In accordance with the terms of his employment agreement, dated March 17, 2008, and his deferred compensation agreements, in each case as amended, with the company, Mr. Bloch will not receive any severance or deferred compensation in connection with his termination of employment. The board of directors of the company also removed Mr. Bloch from his position as Executive Chairman of the board of directors.
Frequency Electronics, Inc. is engaged in the design, development and manufacture of precision timing, frequency generation and radio frequency control products for space and terrestrial applications. The Company operates through two segments: FEI-NY and FEI-Zyfer. FEI-NY segment provides precision time, frequency generation and synchronization products and subsystems that are found on-board satellites, in ground-based communication systems and imbedded in mobile platforms operated by the United States military. FEI-Zyfer designs, develops, and manufactures products which provide Precision Navigation and Timing (PNT), primarily incorporating Global Navigation Satellite System(s) technology. FEI-Zyfers products make use of both in-the-clear civil and crypto-secured military signals for global positioning systems (GPS). FEI-Zyfers products are integrated into radar systems, information networks, test equipment, military command and control terminals, and satellite ground stations.
FREQUENCY ELECTRONICS, INC. 
