Tech — Hardware
Cambium Networks Executive Compensation (FY25)
CMBMF · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Morgan Kurk | Latest say-on-pay support = June 25, 2026 |
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The paid brief on Cambium Networks
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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Data as of November 1, 2026Latest filing (8-K): June 26, 2026
5 filings cited on this page
Method: intel.velarion.ai/methodology
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125 figures on this page: 124 cited to the filing that reported them, 1 calculated from figures it prints. See the citations
This company is not required to report a chief executive pay ratio.
More on Cambium Networks
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Morgan Kurk: $1,811,987 → $503,846 (72.2% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Cambium Networks' chief executive and what were they paid?
Morgan Kurk was paid $503,846 in total compensation as President and Chief Executive Officer for fiscal 2025. Kurk's total was 72.2% lower than the $1,811,987 reported for fiscal 2024.
What was Cambium Networks' say-on-pay result?
The say-on-pay proposal drew 97.3% support at the meeting held June 25, 2026 for fiscal 2025.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Andrew Bronstein Chief Financial Officer | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Atul Bhatnagar President and Chief Executive Officer | ◇ | — | — | ◇ | — | — | ◇ | ◇ |
Bryan Sheppeck Senior Vice President, Global Sales | ◇ | — | — | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Morgan Kurk President and Chief Executive Officer | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Archana Nirwan Chief Human Resources Officer | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Bryan Sheppeck Senior Vice President, Global Sales | ◇ | — | — | ◇ | ◇ | — | ◇ | ◇ |
Atul Bhatnagar Former President and Chief Executive Officer Departed during or after this year | ◇ | — | — | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Morgan Kurk President and Chief Executive Officer | ◇ | — | — | ◇ | — | — | ◇ | ◇ |
Vibhu Vivek Senior Vice President, Products | ◇ | — | ◇ | ◇ | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
John Waldron Former Acting Chief Financial Officer Departed during or after this year | ◇ | — | — | — | — | — | — | ◇ |
Morgan Kurk President and Chief Executive Officer | ◇ | — | — | — | — | — | ◇ | ◇ |
Vibhu Vivek Senior Vice President, Products | ◇ | — | — | — | — | — | ◇ | ◇ |
Sally Rau Chief Legal and HR Officer | ◇ | — | — | — | — | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2023
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Archana Nirwan | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Archana Nirwan | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Atul Bhatnagar | OPTION | ◇ | — | — | ◇ | — | — | — |
| Bryan Sheppeck | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Bryan Sheppeck | PSU | ◇ | — | ◇ | — | — | — | — |
| Morgan Kurk | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Morgan Kurk | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
Fiscal 2022 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Morgan Kurk | Option | ◇ | — | ◇ | 5/16/2034 |
| Option | ◇ | — | ◇ | 8/18/2033 | |
| RSU | ◇ | ◇ | — | — | |
| Vibhu Vivek | RSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | 3/18/2034 | |
| Option | ◇ | — | ◇ | 10/17/2033 | |
| Option | ◇ | — | ◇ | 6/1/2032 | |
| Sally Rau | Option | ◇ | — | ◇ | 3/18/2034 |
| Option | ◇ | — | ◇ | 10/17/2033 | |
| Option | ◇ | — | ◇ | 6/1/2032 |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Severance and change in control
The terms as written in the agreements.
John Waldron
Former Acting Chief Financial Officer · Terms as described in the company’s compensation discussion
| Equity acceleration on change in control | ◇ |
Sally Rau
Chief Legal and HR Officer · Severance agreement
| Severance multiple | ◇ |
| Severance base | ◇ |
| Equity acceleration on change in control | ◇ |
| Benefits continuation | ◇ |
Vibhu Vivek
Senior Vice President, Products · Severance agreement
| Severance multiple | ◇ |
| Severance base | ◇ |
| Equity acceleration on change in control | ◇ |
| Benefits continuation | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Bruce Felt | ◇ | — | — | — | — | — | ◇ |
Alexander R. Slusky | ◇ | — | — | — | — | — | ◇ |
Kevin Lynch | ◇ | — | — | — | — | — | ◇ |
Vikram Verma | ◇ | — | — | — | — | — | ◇ |
Robert Amen Board chair | ◇ | — | — | — | — | — | ◇ |
Morgan Kurk and Atul Bhatnagar served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Total board retainer | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | June 25, 2026 | = | ◇ | ◇ | ◇ |
Ask our research desk — $99, 24h, every figure cited to its filing.
Sample answer — “What is the CEO’s total compensation?”
- Morgan Kurk (President and Chief Executive Officer), FY2025 total compensation $503,846 (base salary $500,000) [exec_comp, SEC accession 0001193125-26-236836, filed 2026-05-22]What this page does not include
Everything above is a fact Cambium Networks disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
125 figures on this page: 124 cited to the filing that reported them, 1 calculated from figures it prints.
124 cited to the filing
1 calculated from the filing
Documents cited
- 0001193125-26-285442Proposal 3, the approval, on a non-binding, advisory basis, the compensation of the Company's named executive officers (the “say-on-pay”), the Company's shareholders cast their votes as follows: For A
- 0001193125-26-2368362025 Summary Compensation Table · DIRECTOR COMPENSATION · Outstanding Equity Awards at 2025 Fiscal Year-end
- 0000950170-24-0482702023 Summary Compensation Table · OUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT OUR SHAREH · Summary Compensation Table
- 0000950170-23-0144172022 Summary Compensation Table
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Cambium Networks executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CMBMF (accessed 2026).
Short form: data: Velarion
The paid brief for Cambium Networks
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$500 for the Executive Compensation Report. Both reports for $900.
5 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}