FREQUENCY ELECTRONICS INC
For the period ended Oct 8, 2025. Filed Aug 28, 2025.
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Oct 8, 2025 · Filed Aug 28, 2025
FEIM$60.22+11.0%Stored close · as of Nov 6, 2026
Contents
Summary Compensation Table
The following table sets forth certain information regarding compensation awarded to, earned by or paid to the Company’s Named Executive Officers.
Summary Compensation Table
| Name and Principal Position | Year | Salary | Bonus (1) | Stock Awards (2) | Non- Qualified Deferred Compensation Earnings (3) | All Other Compensation (4) | Total |
|---|---|---|---|---|---|---|---|
| Thomas McClelland | 2025 | $327,488 | $130,250 | $475,500 | $0 | $23,179 | $956,418 |
| President and Chief Executive Officer | 2024 | 324,089 | 132,063 | 345,500 | 0 | 19,341 | 820,993 |
| Oleandro Mancini | 2025 | 280,000 | 56,466 | 63,338 | 0 | 21,839 | 421,642 |
| Senior Vice President, Business Development | 2024 | 247,933 | 0 | 0 | 0 | 17,126 | 265,059 |
| Steven Bernstein | 2025 | 288,086 | 88,500 | 380,400 | 0 | 47,966 | 804,953 |
| Chief Financial Officer, Secretary and Treasurer | 2024 | 277,768 | 96,250 | 207,300 | 0 | 32,720 | 614,037 |
Notes:
| (1) | Dr. McClelland and Mr. Bernstein are awarded bonuses based upon the consolidated results of the Company, as well as specific performance metrics relating to their respective roles. Mr. Mancini is awarded bonuses based upon the bookings generated by the FEI-NY segments. The Board, in its sole discretion, determines the actual amounts paid to the Named Executive Officers pursuant to these bonus programs, if any. |
| (2) | The amounts in this column do not represent actual cash payments to the Named Executive Officers. Each value represents the aggregate grant date fair value of the restricted stock units (“RSUs”) and performance stock units (“PSUs”) awarded, as applicable, by the Company during fiscal years 2025 and, 2024, respectively, computed in accordance with FASB ASC TOPIC 718. The assumptions used in determining the grant date fair values of these awards are set forth in Note 1 to the Company’s consolidated financial statements, which are included in the 2025 Form 10-K. |
| (3) | The Company has entered into certain deferred compensation arrangements with certain key employees (including the Named Executive Officers) providing for the payment of benefits upon retirement or death or upon the termination of employment not for cause. The change in the actuarially calculated deferred compensation liability to the Company for each of the Named Executive Officers for fiscal years 2025 and, 2024 is as follows: Dr. McClelland $(17,347) (2025), and $(16,986) (2024) Mr. Mancini: $(14,350) (2025), and $(15,180) (2024) and Mr. Bernstein $ 34,348 (2025) and $28,328 (2024) The Company made no payments towards these deferred contribution arrangements for the fiscal year 2025 or 2024. These non-cash amounts are included in the Company’s general and administrative expenses for the fiscal years 2025 and 2024, respectively. |
| (4) | The amounts shown in this column are composed of the following: |
| Name | Costs of Purchased or Leased Automobile | Health, Life, Disability Insurance & Medical Reimbursement (a) | Financial Planning Advice and Other (b) | Total All Other Compensation |
|---|---|---|---|---|
| Thomas McClelland | ||||
| 2025 | $4,939 | $12,240 | $6,000 | $23,179 |
| 2024 | 5,482 | 10,860 | 3,000 | 19,341 |
| Oleandro Mancini | ||||
| 2025 | 3,247 | 12,592 | 6,000 | 21,839 |
| 2024 | 2,725 | 11,401 | 3,000 | 17,126 |
| Steven Bernstein | ||||
| 2025 | 4,300 | 37,666 | 6,000 | 47,966 |
| 2024 | 4,421 | 25,299 | 3,000 | 32,720 |
| (a) | All employees of the Company are eligible for health, term life and disability insurance, the premiums for which are partially paid by the Company. This column only reflects reimbursement of medical costs, which is available only to officers. |
| (b) | The amounts include financial planning advice and the fair market value of contributions by the Company of Common Stock to the accounts of the Named Executive Officers in the Company’s 401(k) Savings Plan, which may not exceed $6,000 in a calendar year 2025, increased from $3,000 a year in previous years. |
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