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    Thomas McClelland

    President and Chief Executive Officer at Frequency Electronics Inc
    Board
    Since January 17, 2023
    Age
    70 years
    Education
    Holds a PhD in physics from Columbia University.
    Tenure
    Started at FEIM in 1984 as an engineer and progressed through roles including Vice President, Commercial Products (1999), Vice President, Advanced Development (2011), Senior Vice President and Chief Scientist (2020), Interim CEO (July 2022), and ultimately President and CEO (January 17, 2023).

    Also at Frequency Electronics Inc

    OM
    Oleandro Mancini
    Senior Vice President, Business Development
    SLB
    Steven L. Bernstein
    Chief Financial Officer, Secretary, and Treasurer

    About

    Thomas McClelland possesses a strong background in physics and precision timing, holding a PhD in physics from Columbia University and having earned the highest level of security clearance with the U.S. government.

    He began his professional journey at FEIM in 1984 as an engineer and has since advanced through several leadership roles, including serving as Vice President, Commercial Products, Vice President, Advanced Development, Senior Vice President and Chief Scientist, Interim President and CEO before becoming the official President and CEO in January 2023.

    In his ongoing career, he has played a key role in transforming innovative research into practical applications for more than 150 space and Department of Defense programs, contributing to the development of technologies in quantum sensing, small-satellite systems, and alternate timing solutions. His strategic insights were further recognized with his appointment to the FEIM Board of Directors in December 2024.

    $FEIM Performance Under Thomas McClelland

    Past Roles

    OrganizationRoleDate RangeDetails
    Frequency Electronics, Inc. (FEIM)Interim President and Chief Executive OfficerJuly 13, 2022 – January 17, 2023 Served as interim CEO following the resignation of the previous CEO
    Frequency Electronics, Inc. (FEIM)Senior Vice President and Chief ScientistJanuary 28, 2020 – July 13, 2022 Named to the role to reflect expanded responsibilities
    Frequency Electronics, Inc. (FEIM)Vice President, Advanced DevelopmentFiscal Year 2011 – N/A Title modified to reflect his expanded responsibilities
    Frequency Electronics, Inc. (FEIM)Vice President, Commercial ProductsMarch 1999 – N/A Elected to this position
    Frequency Electronics, Inc. (FEIM)Engineer1984 – N/A Joined the company as an engineer

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    SalaryBase: $321,000; Actual: $324,089AnnuallyAnnual Base Salary of $321,000 with Actual Salary Paid of $324,089.
    Stock Awards$345,500 (Grant Date Fair Value)N/AAward based on RSUs with 15,750 shares outstanding that vest equally over 4 years.
    Non-Qualified Deferred Compensation Earnings$(16,986)Non-cashChange in Actuarial Value adjustment.
    All Other Compensation$19,341AnnuallyComposed of Automobile Costs ($5,482), Insurance & Medical ($10,860), Financial Planning ($3,000).
    Deferred Compensation Agreement$85,000AnnuallyAnnual Benefit upon Retirement or Death.
    Restricted Stock Units (RSUs)15,750 shares4-year vestingBased on the Company's Common Stock; vesting equally over a four-year period.

    Performance Compensation

    Data from  FY 2024

    Bonus

    MetricDetails
    Performance MetricsBased on consolidated results and specific performance metrics for Thomas McClelland (exact targets not provided).
    Payment DeterminationDetermined at the sole discretion of the Board.
    Evaluation PeriodNot specified
    Actual PayoutNot disclosed

    Performance Stock Units (PSUs)

    MetricDetails
    Grant DateJuly 31, 2023.
    Shares Granted50,000 shares.
    Vesting ScheduleVest equally over 4 years.
    Performance MetricsTied to consolidated bookings, revenue, and operating income; specific thresholds/targets not provided.
    Grant Date Fair ValueComputed per FASB ASC Topic 718; exact value not disclosed.
    ConditionsSubject to forfeiture provisions and restrictions until vested.

    Stock Appreciation Rights (SARs)

    MetricDetails
    Shares Outstanding8,000 SARs.
    Exercise Price$13.24.
    Vesting Schedule25% per year, beginning one year after the grant.
    Expiration DateApril 29, 2025.
    Performance MetricsBased primarily on time-based vesting; no additional performance thresholds specified.