Posted: 12/19/2024 03:52 am
Frequency Electronics, Inc. (FEIM), a leader in precision timing and frequency control products, continues to solidify its position within the industry with recent successful contract acquisitions and steady executive compensation strategies.
The company's recent triumph comes in the form of securing substantial contracts for delivering precision quartz oscillators, synthesizers, and receivers tailored for aerospace applications. These contracts, valued at approximately $11 million and scheduled for completion by 2026, underscore Frequency Electronics' pivotal role in high-performance frequency control within aerospace and defense sectors. The quartz oscillators are integral to navigation and timing systems, embodying FEI's renowned reliability and precision in rigorous space and defense environments.[^1]
Amidst these advancements, the executive compensation at Frequency Electronics has garnered attention. Examining the compensation trends reveals concerted efforts in maintaining competitive pay structures while supporting strategic roles crucial to the company’s operational success. For instance, Oleandro Mancini, the Senior Vice President of Business Development, received a total compensation of $265,059 in 2024, primarily constituted by a salary of $247,933 and additional forms of compensation totaling $17,126.^1 This contrasts with his total compensation in 2023 of $274,356, which included a larger component in stock awards ($26,475) apart from a $232,692 salary.^2 The trend of reducing reliance on stock awards in compensation could reflect a strategic alignment with long-term financial and operational goals.
In previous years, the company also saw distinct compensation trends with its leadership, such as Stanton D. Sloane, then President and CEO. In 2020, his total compensation was notably influenced by a substantial option award of $310,200 alongside a salary of $325,000, totaling $670,804.^3 This reflects a compensation strategy that aligns executive incentives with company growth directives, evident in a stronger reliance on option awards that year.
Frequency Electronics' stock has also shown favorable performance, with a recent trading price of $18.41, nearing its 52-week high of $19.47.[^4] The stock's upward trajectory echoes confidence from investors, probably buoyed by the recent contract wins and a prudent approach to executive compensation. Such strategic compensation policies not only aim to retain and incentivize key personnel but also align with the broader financial health of the company, ensuring sustained growth in the competitive sectors of aerospace and defense electronics.
[^1]: SEC Archive. Frequency Electronics, Inc. 2024 Proxy Statement. [Link](https://www.sec.gov/Archives/edgar/data/39020/000118518524000856/0001185185-24-000856-index.htm)
[^2]: SEC Archive. Frequency Electronics, Inc. 2023 Proxy Statement. [Link](https://www.sec.gov/Archives/edgar/data/39020/000118518523000923/0001185185-23-000923-index.htm)
[^3]: SEC Archive. Frequency Electronics, Inc. 2020 Proxy Statement. [Link](https://www.sec.gov/Archives/edgar/data/39020/000118518520001255/0001185185-20-001255-index.htm)
[^4]: Frequency Electronics, Inc. Stock Data. (Latest market snapshot)
