<SEC-DOCUMENT>0001185185-20-001252.txt : 20200828
<SEC-HEADER>0001185185-20-001252.hdr.sgml : 20200828
<ACCEPTANCE-DATETIME>20200828160117
ACCESSION NUMBER:		0001185185-20-001252
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200824
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200828
DATE AS OF CHANGE:		20200828

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FREQUENCY ELECTRONICS INC
		CENTRAL INDEX KEY:			0000039020
		STANDARD INDUSTRIAL CLASSIFICATION:	INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825]
		IRS NUMBER:				111986657
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08061
		FILM NUMBER:		201147835

	BUSINESS ADDRESS:	
		STREET 1:		55 CHARLES LINDBERGH BLVD
		CITY:			MITCHEL FIELD
		STATE:			NY
		ZIP:			11553
		BUSINESS PHONE:		5167944500

	MAIL ADDRESS:	
		STREET 1:		55 CHARLES LINDBERGH BOULEVARD
		CITY:			MITCHELL FIELD
		STATE:			NY
		ZIP:			11553
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>freqelec20200828_8k.htm
<DESCRIPTION>FORM 8-K
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<p style="font-family: &quot;Times New Roman&quot;; font-size: 16pt; margin: 0pt; text-align: center;"><b>UNITED STATES</b></p>

<p style="font-family: &quot;Times New Roman&quot;; font-size: 16pt; margin: 0pt; text-align: center;"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Washington, D.C. 20549</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 16pt; margin: 0pt; text-align: center;"><b>FORM 8-K</b></p>

<p style="font-family: &quot;Times New Roman&quot;; font-size: 16pt; margin: 0pt; text-align: center;">&nbsp;</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>CURRENT REPORT</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Pursuant to Section 13 or 15(d) of the</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Securities Exchange Act of 1934</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Date of Report (date of earliest event reported):<b> </b><b>August 24</b><b>, 2020</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:18pt;margin:0pt;text-align:center;"><u><b>Frequency Electronics, Inc.</b></u></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Exact name of registrant as specified in its charter)</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

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			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><u><b>1-8061</b></u></p>
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			<p style="font-size:1pt;margin:0pt;text-align:left;"><b>&nbsp;</b></p>
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			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><u><b>11-1986657</b></u></p>
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			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(State or Other Jurisdiction of<br>
			Incorporation)&nbsp;</p>
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			<p style="font-size:1pt;margin:0pt;text-align:left;">&nbsp;</p>

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			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(IRS Employer Identification<br>
			Number)&nbsp;</p>
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>&nbsp;</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>55 Charles Lindbergh Blvd.,</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><u><b>Mitchel Field, New York 11553</b></u></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Address of principal executive offices, including zip code)</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Registrant&#8217;s telephone number, including area code: <u><b>(516) 794-4500</b></u></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(Former name or former address, if changed since last report): <u><b>Not Applicable</b></u></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<i>see</i> General Instruction A.2. below):</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&#9744;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&#9744;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&#9744;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&#9744;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Securities registered pursuant to Section 12(b) of the Act:</p>

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			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Title of each class</b></p>
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			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Trading Symbol(s)</b></p>
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			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Name of each exchange on which registered</b></p>
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			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Common Stock (par value $1.00 per share)</p>
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			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">FEIM</p>
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			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">NASDAQ Global Market</p>
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Emerging growth company&nbsp;&#9744;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &#61551;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

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			<p style="font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;"><b>Item </b><b>5</b><b>.02.</b></p>
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			<p style="font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;"><b>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</b><b>.</b></p>
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:72pt;margin-right:0pt;margin-top:0pt;text-align:left;text-indent:-72pt;"><b>&nbsp;</b></p>

<p style="background-color:#FFFFFF;font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">On August 24, 2020, Joel Girsky delivered a letter to the Board of Directors (the &#8220;Board&#8221;) of Frequency Electronics, Inc. (the &#8220;Company&#8221;) informing the Board of his decision to resign from the Board effective immediately. Mr. Girsky was not a member of any committee of the Board at the time of his resignation.</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">In his resignation letter, a copy of which is attached as Exhibit 17.1 to this Current Report on Form 8-K, Mr. Girsky made statements regarding his disagreements with the Board and Company management on certain matters relating to the Company&#8217;s operations, policies and practices, including Mr. Girsky&#8217;s belief that the Board was excluding him from its decision making process. Mr. Girsky&#8217;s resignation letter also purports to describe certain events supporting his assertions. The Board and the Company strongly disagree with Mr. Girsky&#8217;s assertions, including as they relate to the complaint filed by Martin B. Bloch, the former Chief Scientist of the Company and a current member of the Board, against the Company and the other members of the Board (except for Mr. Girsky), which was previously disclosed on a Current Report on Form 8-K filed by the Company on January 31, 2020. The Company believes the proper forum to resolve the litigation with Mr. Bloch is through the pending proceedings, and therefore the Company will not include a detailed refutation of Mr. Girsky&#8217;s assertions in this Current Report on Form 8-K.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">In accordance with the requirements of Item 5.02 of Form 8-K, the Company has provided Mr. Girsky with a copy of the disclosures contained in this Current Report on Form 8-K no later than the day on which the Company filed this Current Report on Form 8-K with the U.S. Securities and Exchange Commission.</p>

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			<p style="font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;"><b>Item 7.01</b><b>.</b></p>
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			<p style="font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;"><b>Regulation FD Disclosure.</b></p>
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">On August 28, 2020, the independent directors of the Company issued a statement in response to Mr. Girsky&#8217;s resignation letter, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">The information contained in this Item 7.01 (including Exhibit 99.1) is being furnished and shall not be deemed to be &#8220;filed&#8221; for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), or otherwise subject to the liabilities of that section and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:72pt;margin-right:0pt;margin-top:0pt;text-align:left;text-indent:-72pt;"><b>&nbsp;</b></p>

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			<p style="font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;"><b>Item 9.01.</b></p>
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			<p style="font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;"><b>Financial Statements and Exhibits.</b></p>
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Exhibits</u></p>

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			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">17.1</p>
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			<td style="vertical-align:top;width:3.6%;">&nbsp;</td>
			<td style="vertical-align:top;width:84%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><a href="ex_202079.htm" style="-sec-extract:exhibit;">Letter, dated August 24, 2020, from Joel Girsky to the Board of Directors of Frequency Electronics, Inc.</a></p>
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			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">99.1</p>
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			<td style="vertical-align:top;width:84%;">
			<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><a href="ex_202080.htm" style="-sec-extract:exhibit;">Statement of the independent directors of Frequency Electronics, Inc., dated August 28, 2020</a></p>
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>SIGNATURE</b></p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Date: August 28, 2020</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:216pt;margin-right:0pt;margin-top:0pt;text-align:left;"><b>FREQUENCY ELECTRONICS, INC.</b></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:216pt;margin-right:0pt;margin-top:0pt;text-align:left;">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Steven L. Bernstein&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:216pt;">Name: Steven L. Bernstein</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:216pt;">Title:&nbsp; &nbsp;Chief Financial Officer, Secretary and Treasurer</p>

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<TYPE>EX-17.1
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<DESCRIPTION>EXHIBIT 17.1
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<p style="margin-bottom: 0px; text-align: right; margin-top: 0px"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 17.1</b></font></p>

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<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">Joel Girsky 29 Winter Lane</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">Dix Hills, NY 11746</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">August 24, 2020</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:41pt;margin-right:0pt;margin-top:0pt;text-align:left;"><u>Delivered By Email</u></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:41pt;margin-right:66.4%;margin-top:0pt;text-align:left;">Board of Directors Frequency Electronics, Inc.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:41pt;margin-right:66.4%;margin-top:0pt;text-align:left;">55 Charles Lindbergh Boulevard</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:41pt;margin-right:66.4%;margin-top:0pt;text-align:left;">Mitchel Field, New York 11553</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:41pt;margin-right:66.4%;margin-top:0pt;text-align:left;">Attention: Dr. Stanton Sloane, President and Chief Executive Officer</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:12pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:41pt;margin-right:0pt;margin-top:0pt;text-align:left;">Gentlemen:</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:41pt;margin-right:9.1pt;margin-top:0pt;text-align:left;text-indent:35.95pt;">I have served on the Board of Directors (the &#8220;Board&#8221;) of Frequency Electronics, Inc. (the &#8220;Company&#8221;) for more than thirty years, including service as Chairman of the Board and, until very recently, Chairman of the Audit Committee of the Board. Pursuant to Section 141(b) of the Delaware General Corporation Law and Section 2.2 of the Amended and Restated Bylaws of the Company, I hereby resign from the Board of Directors of the Company, effective immediately. If and to the extent that I hold any other positions with the Company or any of its subsidiaries, I hereby resign those positions, too.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:41pt;margin-right:13.8pt;margin-top:0pt;text-align:left;text-indent:35.95pt;">With specific reference to Items 5.02(a)(1) and 5.02(a)(2) of SEC Form 8-K and as my statement of the circumstances surrounding this resignation, I wish to note for the record several disagreements that I have with the Company, as directed by the incumbent Board majority and current management, on matters relating to the Company&#8217;s operations, policies and practices.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:41pt;margin-right:0pt;margin-top:0pt;text-align:left;">Among other things, my disagreements relate to the following:</p>

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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 9.1pt 0pt 77pt; text-align: left; text-indent: -22pt;"><b>&#9679;&nbsp; &nbsp; &nbsp; &nbsp;The Company has adopted a policy and practice </b><b>of </b><b>depriving </b><b>me, </b><b>a director, </b><b>of </b><b>information necessary to exercise legally required, effective oversight of management</b>. Beginning with the Company&#8217;s decision to terminate its founder and Chief Scientist, Martin Bloch, Board meetings have been Kabuki theatre in contrast to the fully- informed decision-making sessions required by state law, the Sarbanes-Oxley Act and Nasdaq rules. Board actions have been pre-ordained; relevant information has been withheld as information requests have been ignored; responses to information inquiries have been slow-walked when not summarily denied; and Board meetings themselves have been rushed, <i>pro forma</i>, check-the-box processes, without more. The Board majority will listen no longer to opposing points of view in Board meetings, or between meetings, and has instead abdicated its responsibilities and its judgment to the Company&#8217;s regular outside legal counsel. This is not good governance. It is the Good Old Boys Club echo chamber that the federal Sarbanes-Oxley Act was enacted to end. For a few examples of the defective policy and practice in action, consider these:</p>

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			<p style="font-family:'Times New Roman', Times, serif;margin-right:13.5pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">When I sought last month to obtain relevant facts from the Company in order to discharge my duties as a director, legal counsel to the Company replied by telling me to put my questions in writing. Worse than that, such counsel did not answer my questions. No other director of the Company is subject to such a process, which (1) is burdensome, (2) severely disables me as a director from exercising effective oversight required by law and (3) positions the Company to script evasive answers. Requiring a director to pose questions in writing makes a mockery of the Sarbanes-Oxley reforms aimed at increasing director independence and strengthening Board oversight of management.</p>
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			<p style="font-family:'Times New Roman', Times, serif;margin-right:16.6pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">I asked to see the time entries on the invoices for legal services to the Company, seeking to determine who was on each call and to understand why the charges were so high. This was consistent with my review of fees, charges and costs undertaken with respect to the Company&#8217;s auditor. Significantly, the same law firm that advises and represents the Company in the Bloch matters and disputes (as to which you and they assert that I am conflicted) also advises and represents the Company on a number of matters unrelated to the Bloch disputes but highly relevant to other Board-level concerns (as to which no one has suggested a conflict on my part). The CEO initially told me that I would be able to obtain the&nbsp;detail that I requested. Nevertheless, in good time, my request was denied because, as the CEO explained to me, the law firm whose time entries that I was asking about had advised the Company against disclosing them to me. This obstruction is no more defensible than it would be for an auditor to refuse to show challenged audit work papers to an Audit Committee member. The conflict of interest is obvious, as is the prejudice to my ability to discharge my fiduciary duties.</p>
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			<p style="font-family:'Times New Roman', Times, serif;margin-right:16.95pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">I asked repeatedly whether the Company&#8217;s directors&#8217; and officers&#8217; insurance carrier has acknowledged responsibility for losses, costs and expenses arising from the Bloch disputes. The CEO told me repeatedly that the carrier had not yet advised of the amount being covered and that the same law firm is attempting to obtain an answer. I believe that the answer to my question is either known or knowable, and the answer is important because it materially affects the&nbsp;Company&#8217;s financial statements relied upon by the investing public. It is my job as a director to exercise care relative to the Company&#8217;s financial statements. But my inquiries have been unavailing.</p>
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:113.05pt;margin-right:19.4pt;margin-top:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 9.1pt 0pt 77pt; text-align: left; text-indent: -22pt;"><b>&#9679;&nbsp; &nbsp; &nbsp; &nbsp;The Board majority misinterpreted &#8220;disagreement&#8221; as &#8220;disloyalty&#8221; and set upon a course </b><b>of </b><b>conduct which stifled dissent and which makes it impossible for an individual to exercise independent judgment as a member </b><b>of </b><b>the Board. </b>You asserted that I was disloyal to the Company because I wouldn&#8217;t fall into line as you fired the Company&#8217;s founder and were sued by him for that. I will continue to tell the truth about your rush to judgment against Martin Bloch. Knowing that I won&#8217;t capitulate to your strong-arm tactics, you decided to freeze me out of your processes and decisions, ignoring the fact that I, too, am a director of the Company, charged with exercising independent judgment after developing a record of all the relevant facts and entitled to unfettered, unfiltered access to relevant information.</p>

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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 9.1pt 0pt 77pt; text-align: left; text-indent: -22pt;"><b>&#9679;&nbsp; &nbsp; &nbsp; &nbsp;With reference to Martin Bloch and the Company&#8217;s on-going dispute with him, I advocated working </b><b>out </b><b>issues, a cost-benefit analysis, and reaching for a consensus, but the Board majority rushed to judgment and picked a fight. </b>The Board majority refused to provide additional time for a fair process in considering Bloch&#8217;s termination, which in my view would have avoided the expensive, risky disputes with Bloch in which the Company is now immersed. The law firm that recommended the approach adopted by the Board majority is now defending the Company in the Bloch litigation and arbitrations, earning significant additional fees in the process. Its conflict of interest is obvious.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 9.1pt 0pt 77pt; text-align: left; text-indent: -22pt;"><b>&#9679;&nbsp; &nbsp; &nbsp; &nbsp;Although you&#8217;ve gone to mere &#8220;check-the-box&#8221; corporate governance, sometimes you don&#8217;t even bother to check the box</b>. I was informed that I had been voted off the Audit Committee (of which I was Chairman) when in July the Board re- staffed its Committees and dropped me from all of them. But that is not what happened. I attended that Board meeting. While re-staffing was mentioned in pre-meeting materials, at the Board meeting not only was there no discussion of Board committees or their work; there was no mention of Board committee staffing, either. This is no way to run a board of directors. The Board should discuss the candidates for Committee positions before voting on them irrespective of any pre-meeting agenda. Regardless of that, the Board should be asked expressly to vote on the matter. Assent to an agenda cannot lawfully be presumed from the mere existence of the agenda.</p>

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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 9.1pt 0pt 77pt; text-align: left; text-indent: -22pt;"><b>&#9679;&nbsp; &nbsp; &nbsp; &nbsp;A possible change </b><b>of </b><b>control, and stock purchases and awards, are not being discussed in Board meetings as would be correct. </b>There have been conversations among some directors about taking the Company private. This has no obvious relationship with the Bloch disputes, as to which the Board majority asserts that I am conflicted and that they are not conflicted, despite capital gains which some might realize in a buy-out, especially if the Company&#8217;s obligations to Bloch are terminated. Nevertheless, I have been largely excluded from those conversations. I believe that at least one of the directors has been purchasing Company stock through affiliates during this same time period. These purchases were not vetted in any Board meeting in which I was present, and I have attended every Board meeting in the last year. I also believe that the CEO has bought additional shares recently.</p>

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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 9.1pt 0pt 77pt; text-align: left; text-indent: -22pt;"><b>&#9679;&nbsp; &nbsp; &nbsp; &nbsp;The Company&#8217;s emerging pattern and practice </b><b>of </b><b>discriminating against employees and directors </b><b>by </b><b>reason </b><b>of </b><b>their age is worrisome. </b>Mr. Bloch was the oldest employee and director of the Company when he was terminated. Only Bloch and one other director are older than me as I submit this resignation, having been ostracized since my dissent from Bloch&#8217;s hasty termination. I am aware of at least two pending lawsuits and/or EEOC claims, apart from the Bloch disputes, that have been filed recently against the Company by long-serving employees, each alleging age-based employment discrimination. The second of these claims was not identified to me as a director but uncovered by other means. I have no idea how many other claims have been threatened or made. The emerging pattern and practice has not been discussed in a Board meeting, which is worrisome.</p>

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<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:41pt;margin-right:9.1pt;margin-top:0pt;text-align:left;text-indent:35.95pt;">I submit my resignation knowing that the Board and its regular outside counsel are obstinate in their views and will not change because of my disagreements. In fact, my on-going efforts to obtain necessary information to discharge my duties as an independent director and to otherwise resolve the matters described above have been rejected summarily by the Company. Like Pharaoh, you have made up your mind despite all evidence to the contrary. Like Pharaoh, you will be unmoved by this.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:41pt;margin-right:8.7pt;margin-top:0pt;text-align:left;text-indent:35.95pt;">As a fiduciary resigning my position, I believe that an investigation into these matters is warranted in the interest of the Company&#8217;s public stockholders. In view of the obvious bias of the incumbent Board and its regular outside counsel, evidenced by the treatment given me (and summarized above) ever since I dissented from the Board&#8217;s decision (advised by such counsel) to terminate Mr. Bloch, that investigation should be conducted by a law firm having no relationship with the Company or with any of its directors or officers, if not by the SEC, the New York Investor Protection Bureau or Nasdaq. I can be reached at my address, stated above, or by telephone at (631) 423-5130, if there is a sense that I can be helpful in such an investigation.</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:63.5%;margin-right:0pt;margin-top:0pt;text-align:left;">Sincerely,</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:63.5%;margin-right:0pt;margin-top:0pt;text-align:left;">/s/ Joel Girsky</p>

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<TYPE>EX-99.1
<SEQUENCE>3
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<DESCRIPTION>EXHIBIT 99.1
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;"><b>Exhibit 99.1</b></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Statement of the Independent Directors of Frequency Electronics, Inc.</b></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">On August 28, 2020, the independent directors of Frequency Electronics, Inc., a Delaware corporation, issued the following statement in response to the resignation letter of Joel Girsky:</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 36pt;text-align:left;">The undersigned independent directors of Frequency Electronics, Inc., strongly disagree with Mr. Girsky&#8217;s assertions, which we believe are false, misleading, and defamatory of the Company&#8217;s directors, officers, and representatives. The undersigned include two directors whose affiliates collectively own approximately 23.4% of the company&#8217;s outstanding shares, a director identified and initially nominated to the Board of Directors by an investor, and a director who has been on the Board of Directors with Messrs. Girsky and Bloch for approximately 16 years. Mr. Girsky&#8217;s resignation letter was received days after Mr. Girsky learned that he was not being re-nominated to stand for election at the company&#8217;s annual stockholders meeting.</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:left;">Russell Sarachek, Non-executive Chairman of the Board</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:left;">Jonathan Brolin</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:left;">General Lance Lord, USAF (retired)</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-right:0pt;margin-top:0pt;text-align:left;">Richard Schwartz</p>

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