Chandler, Ariz., August 18, 2025 –Comtech Telecommunications Corp. (NASDAQ: CMTL)today announced that its Board of Directors (the “Board”) has appointed Lloyd A. Sprung as an independent director, effective August 18, 2025. Sprung possesses more than three decades of corporate finance and capital markets experience, having held senior executive roles at leading investment banks including Evercore and UBS. He is currently the managing member of LAS Advisors, an independent financial and strategic advisory firm.
“We are pleased to welcome Lloyd to the Board at this important time for our company,” said Ken Traub, Chairman, President and CEO of Comtech. “With the improved operating performance that we announced in the third quarter together with the recent financing transactions, Comtech is stronger today and we believe Lloyd will bring a valuable perspective to the Board as we continue to execute on our operational, financial and strategic initiatives to enhance shareholder value.”
“I am honored to be joining the Comtech Board,” said Mr. Sprung. “I look forward to working alongside my fellow directors to support Comtech’s management team and business plans going forward.”
Sprung, age 55, is the Managing Member of LAS Advisors, an independent financial and strategic advisory firm he founded in January 2024. He previously served as Managing Director at UBS from August 2017 to December 2023, during which he led the Restructuring and Private Debt Advisory practices. Prior to this, he served as Senior Managing Director at Evercore from April 2011 to May 2017, Managing Director at Miller Buckfire from 2001 to 2010 and previously Vice President at Merrill Lynch. Mr. Sprung obtained his Bachelor of Arts degree in Economics from the University of Pennsylvania and a Master of Business Administration as a Baker Scholar from Harvard Business School.
