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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
July 6, 1999 0-7928
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Date of Report (Date of earliest event reported) (Commission File Number)
COMTECH TELECOMMUNICATIONS CORP.
(Exact name of registrant as specified in its charter)
Delaware 11-2139466
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(State or other jurisdiction of (I.R.S. Employer Identification Number)
incorporation or organization)
105 Baylis Road
Melville, New York 11747
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(Address of Principal Executive Offices) (Zip Code)
(516) 777-8900
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
On July 6, 1999, the Board of Directors of Comtech Telecommunications Corp.
(the "Company") declared a three-for-two stock split effected in the form of a
stock dividend. The additional shares will be issued on July 30, 1999 to
stockholders of record at the close of business on July 16, 1999. Stockholder
will receive cash in lieu of any fractional shares that otherwise would be
issued in connection with the dividend.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA INFORMATION AND EXHIBITS
(c) Exhibits.
99.1 Press release of the Company, dated July 6, 1999
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Comtech
Telecommunications Corp. has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
COMTECH TELECOMMUNICATIONS CORP.
By: /s/Gail Segui
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Name: Gail Segui
Title: Treasurer and Secretary
Date: July 6, 1999
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Exhibit 99.1
FOR IMMEDIATE RELEASE CONTACT: Fred Kornberg
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President and CEO
or
Gail Segui
Secretary and
Treasurer
Tel: (516) 777-8900
Fax: (516) 777-8877
COMTECH TELECOMMUNICATIONS DECLARES 3-FOR-2 STOCK SPLIT
Melville, New York --- JULY 06, 1999 --- COMTECH TELECOMMUNICATIONS
CORP. (NASDAQ: CMTL) today announced that its Board of Directors has approved a
three-for-two stock split effected in the form of a stock dividend. The
additional shares will be issued on July 30, 1999 to stockholders of record at
the close of business on July 16, 1999. Cash will be distributed in lieu of any
fractional shares. The Company currently has 2,735,335 million shares
outstanding and trades on NASDAQ. After the split, there will be approximately
4,103,000 million shares outstanding.
"This split serves the best interests of our company and its
stockholders by increasing liquidity and making our shares more accessible to
individual and institutional investors," stated Fred Kornberg, the President and
Chief Executive Officer.
Comtech, through its operating units, is a broad based manufacturer of
state-of-the-art solid state high power amplifiers and high technology satellite
and over-the-horizon microwave telecommunication products and systems for
commercial and government applications.
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