Andrew Fredrickson
About Andrew Fredrickson
Andrew M. Fredrickson (age 35) is Aviat Networks’ Interim Chief Financial Officer, appointed effective after the company filed its FY2025 Form 10-K; he previously led Corporate Finance, Corporate Development, IR, and Treasury, having joined Aviat in 2022 after strategy roles at JELD‑WEN, investment analysis at The Motley Fool, and investment banking at William Blair . He holds a BS from the University of Virginia and an MBA from Duke’s Fuqua School of Business . During his Aviat tenure, the company delivered 6.5% revenue growth and record adjusted EBITDA in three of four quarters in FY2025, following FY2024 revenue growth of 18.5% and adjusted EBITDA growth of 6.4%, with cumulative TSR measured as a $257.56 value of a $100 investment in 2025 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| JELD‑WEN | Strategy roles (global manufacturer) | 2019–2022 | Led strategic planning and execution across global FP&A and business units |
| The Motley Fool | Investment Analyst | 2014–2017 | Public equities analysis and investor communications |
| William Blair | Investment Banking | 2012 | Transaction execution, capital markets exposure |
External Roles
- None disclosed in company filings for Andrew M. Fredrickson.
Fixed Compensation
| Component | Terms | Amount |
|---|---|---|
| Base salary | Vice President Corporate Finance base | $250,000 per year |
| Interim CFO stipend | Monthly stipend during Interim CFO term | $10,000 per month |
| Annual Incentive Plan (AIP) target | Executive bonus target as % of base | 35% of base salary |
| One‑time RSU grant | Equity award granted upon Interim CFO appointment; vests on first anniversary of Interim CFO start date | $60,000 |
Performance Compensation
| Metric | Weighting | FY2025 Minimum | FY2025 Target | FY2025 Maximum | FY2025 Actual | FY2025 Payout |
|---|---|---|---|---|---|---|
| Gross Adjusted EBITDA | 75% | $51,000,000 | $60,000,000 | $72,000,000 | Not achieved | 0% |
| Revenue | 25% | $467,000,000 | $505,000,000 | $555,000,000 | Not achieved | 0% |
| AIP Detail | FY2025 Target | FY2025 Payout |
|---|---|---|
| Andrew Fredrickson AIP | 35% of base salary | 0% (AIP not paid company‑wide due to targets missed) |
- Clawback policy covers recovery of performance‑based compensation upon restatement; confirmed active and reviewed in FY2024–FY2025 .
Equity Ownership & Alignment
| Ownership Item | Amount | Notes |
|---|---|---|
| Common shares currently held | 5,021 | Direct and indirect holdings as of Sep 11, 2025 |
| Shares acquirable within 60 days | 3,759 | Includes options/RSUs vesting within 60 days |
| Total beneficial ownership | 9,710 | Less than 1% of outstanding shares |
| Ownership % of shares outstanding | <1% | Company had 12,802,223 shares outstanding on record date |
- Hedging and pledging prohibited for directors and executive officers under Aviat’s Insider Trading Policy; margin accounts and derivatives are banned .
- Executive stock ownership guidelines: CEO 5x salary; other executive officers 1x salary, with five years to comply .
Employment Terms
| Term | Detail |
|---|---|
| Role and reporting | Interim Chief Financial Officer; reports to CEO Peter A. Smith |
| Effective term | Begins after filing the FY2025 Form 10‑K; runs until the Board appoints a permanent CFO, subject to extension/non‑renewal notice |
| Cash compensation | $250,000 base (VP Corporate Finance) plus $10,000 monthly Interim CFO stipend |
| AIP eligibility | Participates with a 35% target, on same performance objectives and caps as executives generally |
| Long‑term incentives | Eligible for the company’s LTI program |
| One‑time equity grant | $60,000 RSU, vests one year from Interim CFO start date |
| Non‑renewal | No compensation beyond amounts earned through termination date |
| Change‑of‑control | If a qualifying termination occurs within 3 months before or 12 months after a change in control, outstanding equity vests in full (performance awards vest at actual or target if not determinable) |
| Certifications | Signed 10‑Q Section 906 certification as Interim CFO on Nov 4, 2025 ; executed 8‑K filings as Interim CFO on Nov 4 and Nov 6, 2025 |
Investment Implications
- Pay‑for‑performance design reduces near‑term cash risk: FY2025 AIP paid 0% across executives due to missing EBITDA and revenue thresholds, signaling discipline and potential retention pressure from lower variable pay .
- Near‑term vesting event: the $60,000 RSU vests on the first anniversary of his Interim CFO start date, creating a predictable equity delivery window; hedging and pledging are explicitly prohibited, limiting pre‑vesting monetization strategies .
- Alignment and ownership: beneficial ownership is 9,710 shares (<1%); executive ownership guideline is 1x salary for non‑CEO officers, providing a clear path to required “skin‑in‑the‑game” over a five‑year compliance horizon .
- Retention and transition risk: the Interim CFO agreement terminates upon permanent CFO appointment and provides no severance upon non‑renewal, which can elevate turnover risk relative to standard executive agreements that provide salary+bonus multiples; however, change‑of‑control vesting protection partially mitigates downside in event‑driven scenarios .
- Execution backdrop: company performance in FY2024–FY2025 shows positive revenue growth and cumulative TSR of $257.56 per $100 invested in 2025, reinforcing a results‑oriented operating context for finance leadership .