−Removed: Aviat Networks, Inc., together with its subsidiaries, is a global supplier of microwave networking solutions, backed by an extensive suite of professional services and support.
+Added: Aviat Networks, Inc., together with its subsidiaries, is a global supplier of microwave networking and wireless access networking solutions, backed by an extensive suite of professional services and support.
Aviat Networks, Inc.
may be referred to as “the Company,” “AVNW,” “Aviat Networks,” “Aviat,” “we,” “us” and “our” in this Annual Report on Form 10-K.
−Removed: We were incorporated in Delaware in 2006 to combine the businesses of Harris Corporation’s Microwave Communications Division (“MCD”) and Stratex Networks, Inc.
+Added: Aviat was incorporated in Delaware in 2006 to combine the businesses of Harris Corporation’s Microwave Communications Division (“MCD”) and Stratex Networks, Inc.
On January 28, 2010, we changed our corporate name from Harris Stratex Networks, Inc.
2 unchanged sentences
Our common stock is listed on the NASDAQ Global Select Market under the symbol AVNW.
−Removed: As of July 1, 2022, we had 712 employees compared with 687 employees as of July 2, 2021.
+Added: As of June 30, 2023, we had 704 employees.
Overview and Description of the Business
−Removed: We design, manufacture and sell a range of wireless networking products, solutions and services to two principal customer types.
+Added: We design, manufacture and sell a range of wireless transport and access networking products, solutions and services to two principal customer types.
Communications Service Providers (“CSPs”):
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We sell products and services directly to our customers, and, to a lesser extent, agents and resellers.
−Removed: Our products utilize microwave and millimeter wave technologies to create point to point wireless links for short, medium and long-distance interconnections.
−Removed: In addition to our wireless products, we also provide routers and a range of software tools and applications to enable deployment, monitoring, network management and optimization of our systems as well as to automate network design and procurement.
−Removed: We also source, qualify, supply and support third party equipment such as antennas, optical transmission equipment and other equipment necessary to build and deploy a complete telecommunications transmission network.
+Added: Our products utilize microwave and millimeter wave technologies to create point to point and point to multi-point wireless links for short, medium and long-distance interconnections.
+Added: In addition to our wireless products, we also provide routers and a range of premise and hosted private cloud-based software tools and applications to enable deployment, monitoring, network management, and optimization and operational assurance of our systems as well as to automate network design and procurement.
+Added: We also source, qualify, supply, integrate, test and support third party equipment such as antennas, optical transmission equipment and other equipment necessary to build and deploy a complete telecommunications transmission network.
We provide a full suite of professional services for planning, deployment, operations, optimization and maintenance of our customers’ networks.
Our wireless systems deliver urban, suburban, regional and country-wide communications links as the primary alternative to fiber optic, low earth orbit satellite and copper connections.
−Removed: Fiber optic connections are the primary alternative.
−Removed: In dense urban and suburban areas, short range wireless solutions are faster to deploy and lower cost per mile than new fiber deployments.
−Removed: In developing nations, fiber infrastructure is scarce and wireless systems are used for both long and short distance connections.
+Added: Fiber optic connections are the primary connectivity alternative to wireless systems.
+Added: In dense urban and suburban areas, wireless solutions can be faster to deploy and lower cost per mile than new fiber deployments.
+Added: In developing nations, fiber infrastructure is often scarce and as a result wireless systems are used for both long and short distance connections.
Wireless systems also have advantages over optical fiber in areas with rugged terrain, and to provide connections over bodies of water such as between islands or to offshore oil and gas production platforms.
−Removed: Through the air wireless transmission is also inherently lower in latency than transmission through optical cables and can be leveraged in time sensitive networking applications.
−Removed: Revenue from our North America and international regions represented approximately 66% and 34% of our revenue in fiscal 2022, respectively, 67% and 33% of our revenue in fiscal 2021, respectively, and 64% and 36% of our revenue in fiscal 2020, respectively.
+Added: Through the air wireless transmission is also inherently lower in latency than transmission through optical cables and can be leveraged in time sensitive networking applications, such as high frequency trading.
+Added: Revenue from our North America and international regions represented approximately 58% and 42% of our revenue in fiscal 2023, 66% and 34% of our revenue in fiscal 2022, and 67% and 33% of our revenue in fiscal 2021, respectively.
Information about our revenue attributable to our geographic regions is set forth in “Item 7.
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Mobile/5G Networks
−Removed: As mobile networks expand, add subscribers and increase the number of wirelessly connected devices, sensors and machines, they require ongoing investment in backhaul infrastructure.
−Removed: Whether mobile network operators choose to self-build this backhaul infrastructure or lease backhaul services from other network providers, the evolution of the network drives demand for transmission technologies such as microwave and millimeter wave wireless backhaul.
+Added: As mobile networks evolve and expand, add subscribers, and increase the number of wirelessly connected devices, sensors and machines, investment in backhaul infrastructure is required.
+Added: Whether mobile network operators choose to self-build this backhaul infrastructure, or lease backhaul services from other network providers, we expect that the evolution of mobile networks will continue to drive demand for microwave and millimeter wave wireless backhaul transmission technologies.
Within this overall scope, there are multiple individual drivers for investment in backhaul infrastructure.
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Mobile Radio Access Network (“RAN”) technologies are evolving.
−Removed: With the evolution from 4G (HSPA+ and LTE) to 5G, technology is advancing and providing subscribers with higher speed access to the Internet, social media, and video streaming services.
−Removed: The rapid increases in data to be transported through the RAN and across the backhaul infrastructure drives requirements for higher data transport links necessitating upgrades to or replacement of the existing backhaul infrastructure.
+Added: With the evolution from 4G (HSPA+ and LTE) to 5G, technology is rapidly advancing and providing subscribers with higher speed access to the Internet, social media, and video streaming services.
+Added: The dramatic increase in data to be transported through the RAN and across the backhaul infrastructure drives requirements for higher data transport links necessitating upgrades to or replacement of the existing backhaul infrastructure.
• Subscriber Growth.
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Private Networks
−Removed: In addition to mobile backhaul, we see demand for microwave technology in other vertical markets, including utility, public safety, financial institutions and broadcast.
+Added: In addition to mobile backhaul, we see demand for microwave technology in other vertical markets, including utility, public safety, energy and mining, government, financial institutions and broadcast.
• Many utility companies around the world are actively investing in “Smart Grid” solutions and energy demand management, which drive the need for network modernization and increased capacity of networks.
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Our products have already been used to create low latency connections between major centers in the United States (“U.S.”), Europe and Asia and we see long-term interest in the creation of further low latency routes in various geographies around the world.
−Removed: • Evolution to IP.
−Removed: Network Infrastructure capacity, efficiency and flexibility is greatly enhanced by transitioning from legacy SDH (synchronous digital hierarchy) / SONET (synchronous optical network) / TDM (time division multiplexing) to IP (internet protocol) infrastructure.
+Added: • Evolution to IP (internet protocol).
+Added: Network Infrastructure capacity, efficiency and flexibility is greatly enhanced by transitioning from legacy SDH (synchronous digital hierarchy) / SONET (synchronous optical network) / TDM (time division multiplexing) to IP infrastructure.
Our products offer integrated IP transport and routing functionality increasing the value they bring in the backhaul network.
• The enhancement of border security and surveillance networks to counter terrorism and insurgency is aided by the use of wireless technologies including microwave backhaul.
−Removed: These factors are combining to create a range of opportunities for continued investment in backhaul and transport networks favoring microwave and millimeter wave technologies.
+Added: • The expected growth of remote and industrial access applications to support the evolution of smart networks for cities, oilfields, mines and remote rural broadband connectivity using fixed, nomadic and mobile wireless technologies, particularly where a high degree of environmental resilience and ruggedness is required.
+Added: These factors are combining to create a range of opportunities for continued investment in backhaul, transport and access networks that favor microwave and millimeter wave technologies.
As we focus on executing future generations of our technology, our goal is to make wireless technology a viable choice for an ever-broadening range of network types.
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The first is our portfolio of wireless transport products allowing our customers increased capacity and flexibility with a much better total cost solution.
−Removed: We are expanding the data-carrying capacity of our wireless products to address the increasing data demand in networks of all types.
−Removed: Further, energy consumption is emerging as a key component of TCO.
−Removed: Our research and development contemplates innovations in capacity, energy efficiency and overall TCO.
−Removed: Second, to address the operational complexity of planning, deploying, owning and operating microwave networks, we are investing in a combination of software applications, tools and services where simplification, process automation and our unique expertise in wireless technology can make a significant difference for our customers and partners.
+Added: We are expanding the data-carrying capacity of our wireless products to address the increasing data demand in networks of all types, while reducing overall energy consumption.
+Added: Our research and development is focused on innovations that increase capacity, reduce energy consumption and lower overall TCO.
+Added: Second, to address the operational complexity of planning, deploying, owning and operating microwave networks, we are investing in a combination of software applications, tools and services where simplification, process automation, optimization and performance assurance, combined with our unique expertise in wireless technology can make a significant difference for our customers and partners.
Finally, Aviat is investing in e-commerce through our online platform, the “Aviat Store” and supporting supply chain capabilities.
Aviat can better service customers buying through the Aviat Store with lower costs, faster lead times and a simpler purchasing experience.
−Removed: The Aviat Store, together with our supply chain, enables customers (including Tier 2 and mobile 5G operators) to purchase products as needed, thus avoiding lengthy and variable lead times that come with other vendor solutions and allowing those customers to lower warehousing costs, reduce obsolete equipment, and lower the cost of capital by paying only when equipment is needed.
+Added: The Aviat Store, together with our supply chain, enables customers (including ISP, Tier 2 and mobile 5G operators) to purchase products as needed, thus avoiding lengthy and variable lead times that come with other vendor solutions and allowing those customers to lower warehousing costs, reduce obsolete equipment, and lower the cost of capital by paying only when equipment is needed.
We continue to develop our professional services portfolio as key to our long-term strategy and differentiation.
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We expect to continue to serve and expand upon our existing customer base and develop business with new customers.
−Removed: We intend to leverage our customer base, our longstanding presence in many countries, our distribution
−Removed: channels, our comprehensive product line, our superior customer service and our turnkey solution capability to continue to sell existing and new products and services to current and future customers.
+Added: We intend to leverage our customer base, longstanding presence in many countries, distribution channels, comprehensive product line, superior customer service and our turnkey solution capability to continue to sell existing and new products and services to current and future customers.
Products and Solutions
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• Broad product and solution portfolio .
−Removed: We offer a comprehensive suite of wireless transmission systems for microwave and millimeter wave networking applications.
−Removed: These solutions utilize a wide range of transmission frequencies, ranging from 5 GHz to 90 GHz, and can deliver a wide range of transmission capacities, ranging up to 20 Gigabits per second (Gbps).
−Removed: The major product families included in these solutions are CTR 8000, WTM 4000 and AviatCloud.
+Added: We offer a comprehensive suite of wireless transport and access systems for microwave and millimeter wave networking applications.
+Added: These solutions utilize a wide range of transmission frequencies, ranging from 450 MHz to 90 GHz, and can deliver a wide range of transmission capacities, ranging up to 20 Gigabits per second (Gbps).
+Added: The major product families included in these solutions are CTR 8000, WTM 4000, RDL 3000, FDL 6000, IRU 600 UHP and AviatCloud.
Our CTR 8000 platform is a range of routers purpose-built for transport applications, especially those that require high level of reliability and security.
−Removed: The newest addition to our product portfolio is the WTM 4000, the highest capacity microwave radio ever produced to date, and purpose built for software-defined networks (“SDN.”) SDN technology is an approach to networking management that enables dynamic, programmatically efficient networking configuration to improve networking performance and monitoring, making it more like cloud computing than traditional networking management.
+Added: WTM 4000, the highest capacity microwave radio ever produced to date, and purpose built for software-defined networks (“SDN”).
+Added: SDN technology is an approach to networking management that enables dynamic, programmatically efficient networking configuration to improve networking performance and monitoring, making it more like cloud computing than traditional networking management.
We introduced multiple important variants to the WTM 4000 platform;
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WTM4500 for multi-channel aggregation of microwave channels in long distance applications;
−Removed: WTM4800 is the latest addition to address 5G network requirements and is capable of operating in the 80GHz E Band at up to 20Gbps capacity, with a unique Multi-Band capability which simultaneously uses microwave and E Band frequencies for maximum robustness.
+Added: WTM4800 is the latest addition to address 5G network requirements and is capable of operating in the 80GHz E Band at up to 20Gbps capacity, with a unique Multi-Band capability which simultaneously uses microwave and E Band frequencies for maximum capacity, distance and reliability.
WTM 4800 is the only single box multi-band solution for lowest total cost of ownership deployments.
+Added: Our RDL 3000 platform is designed to support ruggedized fixed and nomadic wireless access in remote and industrial applications.
+Added: RDL 6000 is a highly differentiated Private-LTE solution that provides the equivalent coverage of a macro-base station, but in a compact and cost-effective all-outdoor design.
+Added: Our IRU 600 UHP is an ultra-high power indoor microwave radio that enables relocation of mission critical links from the 6 GHz band to the 11 GHz band to minimize potential interference and deliver longer links and more capacity.
To address the issues of operational complexity in our customers’ networks, AviatCloud is a platform with secure hosted software and services to automate networks and their operations.
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These independent representatives generally receive a discount from our list prices and are free to set the final sales prices paid by the customer.
−Removed: We have a direct online sales option through our online “Aviat Store.” The Aviat Store targets customers with a traditional high cost to serve via traditional channels.
−Removed: We provide online design tools for radio link planning and on-line ordering tools, which we fulfill directly from our Aviat Store with multiple options of product available for next day shipment.
−Removed: Shipments from Aviat Store commenced late in 2018.
+Added: We have a direct online sales option through our online “Aviat Store”.
+Added: The Aviat Store targets customers with a traditional high cost to serve via traditional channels.
+Added: We provide online design tools for radio link planning and online ordering tools, which we fulfill directly from our Aviat Store with multiple options of product available for next day shipment.
+Added: Shipments from Aviat Store commenced in late 2018.
We have repair and service centers in the Philippines and the United States.
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Manufacturing
−Removed: Our global manufacturing strategy follows an outsourced manufacturing model using contract manufacturing partners in North America and Asia.
+Added: Our global manufacturing strategy follows an outsourced manufacturing model using contract manufacturing partners in Asia and the United States.
Our strategy is based on balancing cost and supplier performance as well as taking into account qualification for localization requirements of certain market segments, such as the Buy American Act.
−Removed: In accordance with our global logistics requirements and customer geographic distribution, we are engaged with contract manufacturing partners in Asia and the United States.
All manufacturing operations have been certified to International Standards Organization 9001, a recognized international quality standard.
We have also been certified to the TL 9000 standard, a telecommunication industry-specific quality system standard.
−Removed: Our backlog was approximately $245 million at July 1, 2022 and $225 million at July 2, 2021 consisting primarily of contracts or purchase orders for both product and service deliveries and extended service warranties.
+Added: Our backlog was approximately $289 million at June 30, 2023 and $245 million at July 1, 2022, consisting primarily of contracts or purchase orders for both product and service deliveries and extended service warranties.
Services include management’s initial estimate of the value of a customer’s commitment under a services contract.
2 unchanged sentences
We regularly review our backlog to ensure that our customers continue to honor their purchase commitments and have the financial means to purchase and deploy our products and services in accordance with the terms of their purchase contracts.
−Removed: estimates are subject to change and are affected by several factors, including terminations, changes in the scope of contracts, periodic revalidation, adjustments for revenue not materialized and adjustments for currency.
−Removed: We expect to substantially deliver against the backlog as of July 1, 2022 during fiscal 2023, but we cannot be assured that this will occur.
+Added: Backlog estimates are subject to change and are affected by several factors, including terminations, changes in the scope of contracts, periodic revalidation, adjustments for revenue not materialized and adjustments for currency.
+Added: We expect to substantially deliver against the backlog as of June 30, 2023 during fiscal 2024, but we cannot be assured that this will occur.
Product orders in our current backlog are subject to changes in delivery schedules or to cancellation at the option of the purchaser without significant penalty as well as long-term projects that could take more than a year to complete.
1 unchanged sentence
Although we have a large customer base, during any given fiscal year or quarter, a small number of customers may account for a significant portion of our revenue.
−Removed: During fiscal 2022, Motorola accounted for 13% of our total revenue.
−Removed: Motorola integrates a wide variety of network and the revenue consists of more than 70 active projects.
−Removed: During fiscal 2021 and 2020 there were no customers that accounted for more than 10% of our total revenue.
−Removed: The microwave and millimeter wave wireless networking business is a specialized segment of the telecommunications industry that is sensitive to technological advancements and is competitive.
−Removed: Our principal competitors include business units of large mobile and IP network infrastructure manufacturers such as Ericsson, Huawei, NEC Corporation and Nokia Corporation, as well as a number of smaller microwave specialist companies such as Ceragon Networks Ltd.
−Removed: and SIAE Microelectronica S.p.A.
+Added: During fiscal 2023 and 2021, no customers accounted for more than 10% of our total revenue.
+Added: During fiscal 2022 one customer accounted for 13% of our total revenue.
+Added: The microwave and millimeter wave wireless networking business is a competitive and specialized segment of the telecommunications industry that is sensitive to technological advancements.
+Added: Our principal competitors include business units of large mobile and IP network infrastructure manufacturers such as Ericsson, Huawei and Nokia Corporation, as well as a number of smaller microwave specialist companies such as Ceragon Networks Ltd., SIAE Microelectronica S.p.A., Cambium Networks Corporation and Airspan Networks.
We also compete with fiber optic cable and low earth orbit satellites for networking connections.
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We concentrate on market opportunities that we believe are compatible with our resources, overall technological capabilities and objectives.
−Removed: Principal competitive factors are cost-effectiveness, product quality and reliability, technological capabilities, service, ability to meet delivery schedules and the effectiveness of dealers in international areas.
+Added: Principal competitive factors are unique differentiators, Total Cost of Ownership (“TCO”), product quality and reliability, technological capabilities, service, ability to meet delivery schedules and the effectiveness of dealers in international areas.
We believe that the combination of our network and systems engineering support and service, global reach, technological innovation, agility and close collaborative relationships with our customers are the key competitive strengths for us.
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We are an industry innovator and intend to continue to focus significant resources on product development in an effort to maintain our competitiveness and support our entry into new markets.
−Removed: Our product development teams totaled 147 employees as of July 1, 2022, and were located primarily in New Zealand and Slovenia.
+Added: Our product development teams totaled 173 employees as of June 30, 2023, and were located primarily in New Zealand, Slovenia and Canada.
Raw Materials and Supplies
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We own a portfolio of patents, trade secrets, know-how, confidential information, trademarks, copyrights and other intellectual property.
−Removed: As of July 1, 2022, we (collectively with our subsidiaries) own approximately 184 U.S.
+Added: As of June 30, 2023, we (collectively with our subsidiaries) own approximately 339 U.S.
patents and 237 international patents and had 14 U.S.
patent applications pending and 28 international patent applications pending.
−Removed: The United States Patent and Trademark Office and international equivalent bodies have not yet concluded substantive examination of our pending patent applications.
+Added: The United States Patent and Trademark Office (“USPTO”) and international equivalent bodies have not yet concluded substantive examination of our pending patent applications.
Therefore, it is unclear what scope of additional patent coverage, if any, will eventually be provided as a result of those pending applications.
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However, we do not consider our business to be materially dependent upon any single patent, license or other intellectual property right.
−Removed: From time to time, we might engage in litigation to enforce our patents or other intellectual property rights or defend against claims of alleged infringement asserted by third parties.
+Added: Further, changes in either the patent laws or in the interpretations of patent laws in the United States and other countries may diminish the value of our intellectual property and may increase the uncertainties and costs surrounding the prosecution of patent applications and the enforcement or defense of issued patents.
+Added: We cannot predict the breadth of claims that may be allowed or enforced in our patents or in third-party patents.
+Added: In addition, Congress or other foreign legislative bodies may pass patent reform legislation that is unfavorable to us.
+Added: For example, the United States Supreme Court has ruled on several patent cases in recent years, either narrowing the scope of patent protection available in certain circumstances or weakening the rights of patent owners in certain situations.
+Added: In addition to increasing uncertainty with regard to our ability to obtain patents in the future, this combination of events has created uncertainty with respect to the value of patents, once obtained.
+Added: Depending on decisions by the United States Congress, the United States federal courts, the USPTO, or similar authorities in foreign jurisdictions, the laws and regulations governing patents could change in unpredictable ways that would weaken our ability to obtain new patents or to enforce our existing patents and the patents we might obtain or license in the future.
+Added: Our registered or unregistered trademarks or trade names may be challenged, circumvented, declared generic or determined to be infringing on other marks.
+Added: There can be no assurance that competitors will not infringe our trademarks, that we will have adequate resources to enforce our trademarks or that any of our current or future trademark applications will be approved.
+Added: During trademark registration proceedings, we may receive rejections and, although we are given an opportunity to respond, we may be unable to overcome such rejections.
+Added: In addition, in proceedings before the USPTO
+Added: and in proceedings before comparable agencies in many foreign jurisdictions, trademarks are examined for registrability against prior pending and registered third-party trademarks, and third parties are given an opportunity to oppose registration of pending trademark applications and/or to seek cancellation of registered trademarks.
+Added: Applications to register our trademarks may be finally rejected, and opposition or cancellation proceedings may be filed against our trademarks, which may necessitate a change in branding strategy if such rejections and proceedings cannot be overcome or resolved.
+Added: Additionally, competitors may try to develop products that are similar to ours and that may infringe, misappropriate or otherwise violate our intellectual property rights.
+Added: As a result, from time to time, we might engage in litigation to enforce our patents or other intellectual property rights or defend against claims of alleged infringement asserted by third parties.
Any of our patents, trade secrets, trademarks, copyrights and other intellectual property rights could be challenged, invalidated or circumvented, or may not provide competitive advantages.
+Added: Despite our efforts to protect our intellectual property rights, we cannot be certain that the steps we have taken will be sufficient or effective to prevent the unauthorized access, use, copying, or the reverse engineering of our technology and other intellectual property, including by third parties who may use our technology or other proprietary information to develop products and services that compete with ours.
Additionally, policing unauthorized use of our intellectual property and proprietary rights can be difficult, costly and time consuming.
The enforcement of our intellectual property and proprietary rights also depends on any legal actions we may bring against any such parties being successful, but these actions are costly, time-consuming, and may not be successful, even when our rights have been infringed, misappropriated, or otherwise violated.
+Added: Furthermore, our competitors or other third parties may assert that our products infringe, misappropriate or otherwise violate their intellectual property rights.
+Added: Successful claims of infringement, misappropriation or other violations by a third party could prevent us from offering certain products or features, require us to develop alternate, non-infringing technology, which could require significant time and expense, and at which time we could be unable to continue to offer our affected products or solutions, or require us to obtain a license, which may not be available on reasonable terms or at all, or force us to pay substantial damages, royalties or other fees.
In addition, to protect our confidential information, including our trade secrets, we require our employees and contractors to sign confidentiality and invention assignment agreements.
We also enter into non-disclosure agreements with our suppliers and appropriate customers to limit their access to and disclosure of our proprietary information.
−Removed: Although our ability to compete may be affected by our ability to protect our intellectual property rights and proprietary information, we believe that, because of the rapid pace of technological change in the wireless
−Removed: telecommunications industry, our innovative skills, technical expertise and ability to introduce new products on a timely basis is just as important in maintaining our competitive position as protecting our intellectual property .
+Added: Although our ability to compete may be affected by our ability to protect our intellectual property rights and proprietary information, we believe that, because of the rapid pace of technological change in the wireless telecommunications industry, our innovative skills, technical expertise and ability to introduce new products on a timely basis is just as important in maintaining our competitive position as protecting our intellectual property.
Trade secret, trademark, copyright and patent protections are important but must be supported by other factors such as the expanding knowledge, ability and experience of our personnel, new product introductions and product enhancements.
9 unchanged sentences
Electronic products are subject to environmental regulation in a number of jurisdictions.
−Removed: Equipment produced by us is subject to domestic and international requirements requiring end-of-life management and/or restricting materials in products delivered to customers.
+Added: Equipment produced by us is subject to domestic and international requirements requiring end-of-life management and/or restricting materials in
+Added: products delivered to customers.
We believe that we have complied with such rules and regulations, where applicable, with respect to our existing products sold into such jurisdictions.
4 unchanged sentences
We have a comprehensive policy and procedures in effect concerning conflict minerals compliance.
−Removed: As of July 1, 2022, we had 712 employees, compared with 687 employees at the end of fiscal 2021, and 674 employees at the end of fiscal 2020.
−Removed: As of July 1, 2022, of the 712 employees, 636 were full-time employees with 258 located in the U.S.
+Added: Human Capital Management
+Added: As of June 30, 2023, we had 704 employees, of whom 685 were full-time employees and 270 were located in the U.S.
None of our employees in the U.S.
2 unchanged sentences
In general, we believe that our employee relations are good.
−Removed: Executive Officers of the Registrant
−Removed: The name, age, position held with us, and principal occupation and employment during at least the past 5 years for each of our executive officers as of September 14, 2022, are as follows:
+Added: We believe we offer a competitive compensation package, tailored to the job function and location of each employee.
+Added: We have a global team, and we offer competitive compensation and benefits programs that meet the needs of our employees, while also reflecting local market practices.
+Added: benefits plan includes health benefits, life and disability insurance, various voluntary insurances, flexible time off and leave programs, and a retirement plan with employer match.
+Added: Our international benefits plans are competitive locally and generally provide similar benefits.
+Added: We grant equity-based compensation to many of our employees.
+Added: In addition, we offer benefits to support our employees’ physical and mental health by providing tools and resources to help them improve or maintain their health and encourage healthy behaviors.
+Added: Information about our Executive Officers
+Added: The name, age, position held with us, and principal occupation and employment during at least the past 5 years for each of our executive officers as of August 30, 2023, are as follows:
Name and Age Position Currently Held and Past Business Experience
27 unchanged sentences
He has a bachelor’s degree in electrical engineering from the University of Florida, is Six Sigma Certified and has pursued postgraduate studies/research in semiconductor physics at Georgia Tech.
−Removed: Erin Boase, 43 As General Counsel, Ms.
+Added: Boase, 44 As General Counsel, Ms.
Boase is responsible for all aspects of the Legal function.
14 unchanged sentences
Available Information
−Removed: We maintain a website at http://www.aviatnetworks.com.
−Removed: Our annual reports on Form 10-K, proxy statements, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to such reports, filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”) are available free of charge on our website as soon as reasonably practicable after these reports are electronically filed with, or furnished to, the Securities and Exchange Commission (“SEC”).
−Removed: Our website and the information posted thereon are not incorporated into this Annual Report on Form 10-K or any current or other periodic report that we file or furnish to the SEC.
−Removed: We will also provide the reports in electronic or paper form, free of charge upon request.
−Removed: All reports we file with or furnish to the SEC are also available free of charge via EDGAR through the SEC’s website at http://www.sec.gov.
+Added: We maintain a website at www.aviatnetworks.com.
+Added: Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to such reports are available free of charge on our website as soon as reasonably practicable after such material is electronically filed with, or furnished to, the Securities and Exchange Commission (“SEC”).
+Added: In addition to our reports filed or furnished with the SEC, we publicly disclose material information in press releases, at annual meetings of shareholders, in publicly accessible conferences and investor presentations, and through our website.
+Added: References to our website in this Form 10-K are provided as a convenience and should not be deemed an incorporation by reference or a part of this Form 10-K.
Additional information relating to our business and operations is set forth in “Item 7.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.