{"url_path":"/sec/feim/10-k/2026/item-15","section_key":"item-15","section_title":"Item 15 Exhibits and Financial Statement","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-07-17","source_url":"https://www.sec.gov/Archives/edgar/data/39020/0001185185-26-002997-index.html","accession_number":"0001185185-26-002997","cik":"0000039020","ticker":"FEIM","issuer_name":"FREQUENCY ELECTRONICS INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/39020/0001185185-26-002997-index.html","primary_entity_key":"0000039020","primary_entity_name":"FREQUENCY ELECTRONICS INC"},"word_count":1397,"has_tables":true,"body_markdown":"Item 15. Exhibits and Financial Statement\nSchedules\n\n \n\n(a)Index to Financial Statements\nand Exhibits\n\n \n\nThe financial statements and exhibits are listed\nbelow and are filed as part of this report.\n\n \n\n(1) FINANCIAL STATEMENTS\n\n \n\nIncluded in Part II of this report:\n\n \n\n** ** ** ** **Page(s)**\n\n[Report of Independent Registered Public Accounting Firm (GRANT THORNTON LLP.; Melville, NY; PCAOB ID#248)](#f_001)   20-21\n\n     \n\n[Consolidated Balance Sheets - April 30, 2026 and 2025](#f_002)   22\n\n     \n\n[Consolidated Statements of Operations - Years ended April 30, 2026 and 2025](#f_003)   23\n\n     \n\n[Consolidated Statements of Cash Flows - Years ended April 30, 2026 and 2025](#f_004)   24-25\n\n     \n\n[Consolidated Statements of Changes in Stockholders’ Equity - Years ended April 30, 2026 and 2025](#f_005)   26\n\n     \n\n[Notes to Consolidated Financial Statements](#f_006)   27-47\n\n \n\n(2) EXHIBITS\n\n \n\n**Exhibit\nNo. in this Form 10-K**\n \n**Description\nof Exhibit**\n \n**NOTE**\n\n \n \n \n \n \n\n2.1\n \n[Stock Purchase Agreement, dated as of February\n21, 2012, by and among the Registrant, Elcom Technologies Inc. and the stockholders of Elcom Technologies Inc. identified on the\nsignature pages thereto](https://www.sec.gov/Archives/edgar/data/39020/000114420412011172/v303671_ex2-1.htm)\n \n(11)\n\n \n \n \n \n \n\n3.1\n \n[Copy of Certificate of Incorporation of the Registrant filed with the Secretary of State of Delaware](feimex3-1.htm)\n \nFiled herewith\n\n \n \n \n \n \n\n3.2\n \n[Amendment to Certificate of Incorporation of the Registrant filed with the Secretary of State of Delaware on March 27, 1981](feimex3-2.htm)\n \nFiled herewith\n\n \n \n \n \n \n\n3.3\n \n[Amendment to Certificate of Incorporation of the Registrant filed with Secretary of State of Delaware on October 26, 1984](feimex3-3.htm)\n \nFiled herewith\n\n \n \n \n \n \n\n3.4\n \n[Amendment to Certificate of Incorporation of the Registrant filed with the Secretary of State of Delaware on October 22, 1986](feimex3-4.htm)\n \nFiled herewith\n\n \n \n \n \n \n\n3.5\n \n[Amended and Restated Certificate of Incorporation of the Registrant filed with the Secretary of State of Delaware on October 26, 1987](feimex3-5.htm)\n \nFiled herewith\n\n \n \n \n \n \n\n3.6\n \n[Amended Certificate of Incorporation of the Company filed with the Secretary of State of Delaware on November 2, 1989](feimex3-6.htm)\n \nFiled herewith\n\n \n \n \n \n \n\n3.7\n \n[Amended and Restated By-Laws of the Registrant,\nas amended](https://www.sec.gov/Archives/edgar/data/39020/000118518520000896/ex_191621.htm)\n \n(13)\n\n \n \n \n \n \n\n4.1\n \nSpecimen of Common Stock certificate\n \n(1)\n\n \n \n \n \n \n\n4.2\n \n[Description of Capital Stock](https://www.sec.gov/Archives/edgar/data/39020/000118518521000886/ex_260110.htm)\n \n(24)\n\n  \n\n50\n\n[Table of Contents](#TableOfContents)\n\n \n\n**Exhibit\nNo. in this Form 10-K**\n \n**Description\nof Exhibit**\n \n**NOTE**\n\n10.1\n \n[Settlement Agreement dated as of September 13,\n2016, by and among Registrant, Privet Fund LP, Privet Fund Management LLC, Ryan J. Levenson and General Lance W. Lord](https://www.sec.gov/Archives/edgar/data/39020/000118518516005440/ex10-1.htm)\n \n(14)\n\n \n \n \n \n \n\n10.2*\n \n[Frequency Electronics, Inc. 2005 Stock Plan](https://www.sec.gov/Archives/edgar/data/39020/000003902005000049/stockplan8k.txt)\n \n(16)\n\n \n \n \n \n \n\n10.3\n \n[Lease Agreement between Registrant and Reckson Operating Partnership, L.P. dated January 6, 1998](https://www.sec.gov/Archives/edgar/data/39020/0000039020-98-000011.txt)\n \n(15)\n\n \n \n \n \n \n\n10.4\n \n[First Amendment to Lease Amendment between Registrant\nand RA 55 CLB LLC (as successor-in-interest to Reckson Operating Partnership, L.P.) dated July 25, 2018](https://www.sec.gov/Archives/edgar/data/39020/000118518518001293/ex10-13.htm)\n \n(17)\n\n \n \n \n \n \n\n10.5*\n \nRegistrant’s Cash or Deferral Profit Sharing\nPlan and Trust under Internal Revenue Code Section 401, dated April 1, 1985\n \n(6)\n\n \n \n \n \n \n\n10.6*\n \nAmendment dated Jan. 1, 1988 to Registrant’s\nCash or Deferred Profit Sharing Plan and Trust under Section 401 of Internal Revenue Code\n \n(8)\n\n \n \n \n \n \n\n10.7*\n \n[Form of Deferred Compensation Agreement](https://www.sec.gov/Archives/edgar/data/39020/000118518518001564/ex_122723.htm)\n \n(18)\n\n \n \n \n \n \n\n10.8*\n \n[Form of Stock Appreciation Rights Agreement](https://www.sec.gov/Archives/edgar/data/39020/000118518518001564/ex_122724.htm)\n \n(19)\n\n \n \n \n \n \n\n10.9*\n \n[Frequency Electronics, Inc. Stock Award Plan.](https://www.sec.gov/Archives/edgar/data/39020/000118518524000962/ex_731001.htm)\n \n(25)\n\n \n \n \n \n \n\n10.10\n \n[Credit Agreement dated June 12, 2026, by and among the Company, as borrower,\nFEI-Zyfer, Inc., as subsidiary guarantor, and JPMorgan Chase Bank, N.A., as the Lender](https://www.sec.gov/Archives/edgar/data/39020/000118518526002498/feimex10-1.htm)\n \n(27)\n\n \n \n \n \n \n\n10.11\n \n[Pledge and Security Agreement dated June 12, 2026, by and among the\nCompany, as borrower, FEI-Zyfer, Inc., as subsidiary guarantor, and JPMorgan Chase Bank, N.A., as the Lender](https://www.sec.gov/Archives/edgar/data/39020/000118518526002498/feimex10-2.htm)\n \n(28)\n\n \n \n \n \n \n\n19\n \n[Frequency Electronics, Inc. Insider Trading Policy](http://www.sec.gov/Archives/edgar/data/39020/000118518525000806/feimex19.htm)\n \n(29)\n\n \n \n \n \n \n\n21\n \n[List of Subsidiaries of Registrant](feimex21.htm)\n \nFiled herewith\n\n \n \n \n \n \n\n23.1\n \n[Consent of GRANT THORNTON LLP](feimex23-1.htm)\n \nFiled herewith\n\n \n \n \n \n \n\n31.1\n \n[Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](feimex31-1.htm)\n \nFiled herewith\n\n \n \n \n \n \n\n31.2\n \n[Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](feimex31-2.htm)\n \nFiled herewith\n\n \n \n \n \n \n\n32\n \n[Certifications of the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002](feimex32.htm)\n \nFiled herewith\n\n \n \n \n \n \n\n97\n \n[Frequency Electronics, Inc. Clawback Policy](https://www.sec.gov/Archives/edgar/data/39020/000118518524000753/ex_704865.htm)\n \n(26)\n\n \n \n \n \n \n\n101\n \nThe following materials from the Frequency Electronics,\nInc. Annual Report on Form 10-K for the fiscal year ended April 30, 2026 formatted in Inline eXtensible Business Reporting Language\n(XBRL): (i) Consolidated Balance Sheets, (ii) Consolidated Statements of Operations, (iii) Consolidated Statements of Cash Flows,\n(iv) Consolidated Statements of Changes in Stockholders’ Equity and (v) Notes to Consolidated Financial Statements\n \n \n\n \n \n \n \n \n\n104\n \nCover Page Interaction Data File (formatted as inline\nXBRL and contained in Exhibit 101)\n \n \n\n  \n\n*Denoted compensatory plans or arrangements or management contracts\n\n \n\nNOTES:\n\n \n\n(1)\nFiled with the SEC\nas an exhibit, numbered as indicated above, to the registration statement of Registrant on Form S-1, File No. 2-29609, which exhibit\nis incorporated herein by reference.\n\n \n\n51\n\n[Table of Contents](#TableOfContents)\n\n \n\n(2)\n[Intentionally Omitted]\n\n(3)\n[Intentionally Omitted]\n\n(4)\n[Intentionally Omitted]\n\n(5)\n[Intentionally Omitted]\n\n(6)\nFiled with the SEC as Exhibit\n10.16 to the annual report of Registrant on Form 10-K, File No. 1-8061, for the fiscal year ended April 30, 1986, which exhibit is\nincorporated herein by reference.\n\n(7)\n[Intentionally Omitted]\n\n(8)\nFiled with the SEC as Exhibit\n10.24 to the annual report of Registrant on Form 10-K, File No. 1-8061, for the fiscal year ended April 30, 1988, which exhibit is\nincorporated herein by reference.\n\n(9)\n[Intentionally Omitted]\n\n(10)\n[Intentionally Omitted]\n\n(11)\nFiled with the SEC as Exhibit\n2.1 to the current report of Registrant on Form 8-K, File No. 1-8061, on February 27, 2012, which exhibit is incorporated herein\nby reference.\n\n(12)\n[Intentionally Omitted]\n\n(13)\nFiled with the SEC as Exhibit\n3.1 to a current report of the Registrant on Form 8-K, File No. 1-8061, on June 25, 2020, which exhibit is incorporated herein by\nreference.\n\n(14)\nFiled with the SEC as Exhibit\n10.1 to a current report of the Registrant on Form 8-K, File No. 1-8061, on September 16, 2016, which exhibit is incorporated herein\nby reference.\n\n(15)\nFiled with the SEC as Exhibit\n10.13 to the annual report of Registrant on Form 10-K, File No. 1-8061, for the fiscal year ended April 30, 1998, which exhibit is\nincorporated herein by reference.\n\n(16)\nFiled with the SEC as Exhibit\n10.1 to a current report of the Registrant on Form 8-K, File No. 1-8061, on October 4, 2005, which exhibit is incorporated herein\nby reference.\n\n(17)\nFiled with the SEC as Exhibit\n10.13 to the annual report of Registrant on Form 10-K, File No. 1-8061, for the fiscal year ended April 30, 2018, which exhibit is\nincorporated herein by reference.\n\n(18)\nFiled with the SEC as Exhibit\n10.17 to Amendment No. 1 on Form 10-K/A to the annual report of Registrant on Form 10-K, File No. 1-8061, for the fiscal year ended\nApril 30, 2018, which exhibit is incorporated herein by reference.\n\n(19)\nFiled with the SEC as Exhibit\n10.18 to Amendment No. 1 on Form 10-K/A to the annual report of Registrant on Form 10-K, File No. 1-8061, for the fiscal year ended\nApril 30, 2018, which exhibit is incorporated herein by reference.\n\n(20)\n[Intentionally Omitted]\n\n(21)\nFiled with the SEC as Exhibit 10.11 to the annual\nreport of the Registrant on Form 10-K, File No. 1-8061, for the year ended April 30, 2019, which exhibit is incorporated herein by\nreference.\n\n(22)\n[Intentionally Omitted]\n\n(23)\nFiled with the SEC as Exhibit\n10.11 to the annual report of the Registrant on Form 10-K, File No. 1-8061, for the fiscal year ended April 30, 2020, which exhibit\nis incorporated herein by reference.\n\n(24)\nFiled with the SEC as Exhibit\n4.2 to the annual report of the Registrant on Form 10-K, File No. 1-8061, for the fiscal year ended April 30, 2021, which exhibit\nis incorporated herein by reference.\n\n(25)\nFiled with the SEC as Exhibit 10.1 to a current report\nof the Registrant on Form 8-K, File No. 1-8061, on October 9, 2024, which exhibit is incorporated herein by reference.\n\n(26)\nFiled with the SEC as Exhibit 97 to the annual report\nof the Registrant on Form 10-K, File No. 1-8061, for the year ended April 30, 2024, which exhibit is incorporated herein by reference.\n\n(27)\nFiled with the SEC as Exhibit 10.1 to a current report\nof the Registrant on Form 8-K, File No. 1-8061, on June 12, 2026, which exhibit is incorporated herein by reference.\n\n(28)\nFiled with the SEC as Exhibit 10.2 to a current report\nof the Registrant on Form 8-K, File No. 1-8061, on June 12, 2026, which exhibit is incorporated herein by reference.\n\n(29)\nFiled with the SEC as Exhibit 19 to the annual report of the Registrant\non Form 10-K, File No. 1-8061, for the year ended April 30, 2025, which exhibit is incorporated herein by reference."}