Statement of Purpose

Since its founding in 1967, Anaren has built a strong reputation for integrity and honesty in every facet of our business. Although we have grown substantially over our 50-year history, our employees have never lost sight of the importance of carrying out their daily tasks with the highest level of integrity.

Today, more than ever, each of us must rededicate ourselves to conducting our business affairs in a fair, honest, ethical and legal manner. Six key values continue to be integral to Anaren’s success: Integrity, Innovation, Customer Satisfaction, Operational Excellence, Leadership and Teamwork, and it is no mistake that integrity is first and foremost. I ask each member of the Anaren community to once again make a personal commitment to follow Anaren’s Code of Ethics and Business Conduct. The ethical policies contained in this Code provide the foundation to guide each of us in dealing with customers, suppliers and each other.

If you have a question or concern about what is proper conduct in a particular situation, I urge you to address the issue with your supervisor, a Human Resource representative, or any management official, including myself. There can be no compromising of our commitment to conduct Anaren’s affairs in an ethical manner, and there is no reason that would ever justify anyone compromising our commitment to integrity.

In closing, I know that I can count on each of you to always endorse Anaren’s Code of Ethics and Business Conduct and to represent Anaren in an honest, ethical and forthright manner. Our legacy demands it, and our unwavering commitment to the principles identified in this Code will provide the foundation for Anaren’s future success.

Lawrence A. Sala

President and Chief Executive Officer



The information and policies contained in this Code of Ethics and Business Conduct do not, under any circumstances, create an employment contract between Anaren and the reader.

The name “Anaren” has always been synonymous with quality and integrity. The significant success and growth that we have achieved since our founding in 1967 has not only been built upon our reputation for producing superior products, but also our reputation for the ethical way in which we conduct our business.

In an effort to promote the success that we have enjoyed in the past, Anaren and its subsidiaries must continue to employ similar business and ethical practices in the future. This Code of Ethics and Business Conduct (“Code”) is intended to guide Anaren and related personnel in the performance of their professional duties and responsibilities in a manner that maintains our commitment to honesty, integrity and quality. The policies set forth in this Code apply to all those relationships with whom we owe an ethical obligation, including our customers, our employees, our shareholder, our suppliers, our competitors and the communities in which we operate.

Our Employees

Anaren employees are the lifeblood of the organization. As stated in the Employee  Handbook, Anaren is an equal employment opportunity employer committed to treating all employees with fairness, integrity and respect, regardless of age, race, color, sex, religion, nationality, physical or mental disability, veteran status, sexual orientation, genetic characteristics, HIV positive status, pregnancy, or any other basis protected by federal, state  or local laws. In addition, we strongly support our Open Door policy, which enables employees to speak to any member of management, without fear of retaliation, about management decisions, policies, differences of opinion, and any other situation concerning Anaren.

Our Shareholder

As one of Veritas Capital’s portfolio companies, we must earn their trust and confidence. We are committed to continue to exercise sound business judgment that is both cognizant of our shareholders’ interests, particularly with respect to increasing shareholder value, and the long term interests of Anaren and its employees.

Our Customers

Without loyal customers, our business would not thrive. Consequently, we are dedicated to providing our customers with reliable, cost competitive, quality products, and are equally committed to continuing to treat them with the utmost degree of honesty, fairness and respect, even when we may not agree with their position.

Our Sales Representatives, Distributors, Suppliers & Vendors

Over the years, Anaren has devoted a substantial amount of time and effort to build trusting, long-term relationships with our suppliers, sales representatives, distributors and vendors.   Our ability to develop such relationships is, in large part, based upon the fact that we foster fair business practices and we treat people with honesty, dignity and respect.

Our Community

Anaren has always been, and will always strive to be, an active participant in both the corporate and civic communities in which we operate. To this end, we strongly encourage every Anaren employee to actively participate in the well-being of his or her community. Moreover, Anaren remains committed to conducting its business operations in such a manner so as to avoid harm or injury to the environment and surrounding communities.

Our Competitors

We firmly support the principle of fair competition and will continue to compete in the market based solely on our merits. Anaren would never approve gaining a competitive advantage at the expense of compromising the various ethical principles identified in this Code.

Conflict of Interest

Every employee must engage in honest and ethical conduct and is prohibited from engaging in any conduct or business relationship that could result in a conflict of interest for Anaren. The phrase “conflict of interest” encompasses direct conflicts, indirect conflicts, potential conflicts and situations which could be construed as having an appearance of impropriety. Stated differently, an Anaren employee must avoid business relationships and dealings that could sway or manipulate an employee’s ability to conduct business affairs in an objective and fair manner.

Compliance with Laws

All Anaren employees must conduct their total Anaren business affairs in compliance with all applicable federal, state and local laws, rules, and regulations. Ignorance of legal obligations is never an acceptable excuse. If you are in doubt regarding a particular issue you are encouraged to seek advice from your supervisor/manager or a member of the Company’s senior leadership team before acting.


Consistent with the spirit of this Code and the Company’s Fraud Policy, all employees are reminded of their obligation not to steal or otherwise misappropriate Company property. This prohibition includes falsifying either your own or another employee’s time records as well as removing any Company property without proper authorization.

Gifts and Favors to or by Employees

As Anaren personnel, you may not give or receive any type of material gift, token or favor that could reasonably be viewed as having the potential to influence how you engage in or conduct business relations with a particular customer, community, vendor, supplier or competitor. The  Foreign Corrupt Practices Act (“FCRA”), for example, makes it unlawful for Anaren or its employees to make a payment or give a gift to a foreign government official, political party, candidate or public international organization for purposes of obtaining or retaining business. A violation occurs when a payment is made or promised to be made to a foreign official while knowing that the payment will be used to unlawfully obtain or maintain business or direct business to anyone else. Other laws that may have an impact on this policy include, but are not limited to, the International Traffic in Arms Regulations (“ITAR”), the Arms Export Control Act (“AECA”) and the Federal Anti-Kickback Act.

If you are unclear about whether a particular item violates this policy, please contact a member of management for clarification.

Corporate Governance

Anaren will maintain the highest level of corporate governance standards consistent with its Charter, Bylaws and this Code of Ethics and Business Conduct.

Political Contributions and Activities

As a corporation, and more importantly as a defense contractor, Anaren is prohibited from making any form of political contribution, regardless of amount, either directly or indirectly, to candidates running for federal offices. Corporate campaign contributions include, but are not limited to, monetary funds, goods, services (i.e., employee time) and other forms of assistance. Of course, whether you personally choose to make political contributions is an individual choice and, if you do, it would not be a violation of this code.

Confidential Information

Maintaining Anaren’s confidential and proprietary information is the responsibility of all employees. Many of our products contain confidential and proprietary information, including technical specifications that may also constitute a “trade secret”. If disclosed to our competitors, this would disadvantage Anaren’s ability to market and sell certain products that could in turn hurt the Company’s profitability. All employees are reminded of the obligation to strictly adhere to the Confidential Information and Invention Assignment Agreement they signed upon accepting employment. An employee who is uncertain about whether a particular piece of information is “non- public” or “confidential” should check with a supervisor or a member of management before disclosing any information.

Integrity of Record and Compliance with Accounting Procedures and Public Communications

Business records often serve as the cornerstone for corporate decision-making. Thus, the accuracy  and integrity of these business records cannot be stressed enough. In order to ensure that these  records are as complete and accurate as possible, Anaren personnel must ensure that transactions are recorded as soon as possible, proper accounting methods are utilized and employee reimbursements are not misrepresented or overstated. In addition, employees are prohibited from modifying  Company records or destroying such records without the prior written approval of their manager and an officer of the Company.

Senior officers of the Company are obligated to disclose to the Company’s external auditors and to the Board of Directors any material deficiencies in the Company’s internal financial controls and any fraud involving any member of management. The Company’s officers and managers shall comply with applicable rules and regulations of federal, state, and local governments, and other appropriate private and public regulatory agencies.

Reporting Violations

Anaren’s CEO has designated Anaren’s Vice President of Human Resources to oversee and ensure compliance with this Code. As a trusted employee, it is your ethical responsibility to notify management regarding any actual or potential conflict of interest involving Anaren, or any other violation of this Code, including but not limited to theft of Anaren’s property by an employee (or outside third party), regardless of the employee(s) involved or their position within the Company. Information received from any employee will, to the extent practical, be kept confidential.

As a general rule, employees should direct any inquiries, questions or concerns regarding the Code to their immediate supervisor. If the employee feels that further action or clarification is required, he or she should contact Anaren’s Vice President of Human Resources, or any other member of management, including the CEO. Upon receipt of an alleged violation of the Code, the Vice President of Human Resources will conduct a prompt and thorough investigation and appropriate remedial action will be taken.

If an employee is uncomfortable reporting an incident to any of the above-named individuals, you are encouraged to utilize a 24/7 anonymous hotline to report any violation of this Code by dialing 888- 883-1499. All hotline reports will remain confidential and will be promptly communicated to Anaren’s Vice President of Human Resources, who will conduct an independent investigation and take appropriate remedial action.

All managers are responsible for ensuring that their own conduct complies with the policies (both in spirit and intent) set forth in this Code. Management employees must also oversee the organization  as a whole, observing the conduct of others and taking the appropriate actions when needed (even when no complaint has been filed).

In summary, every employee must play an active and responsible role in helping Anaren enforce this Code.

Anti-retaliation Provision

No employee will be disciplined or retaliated against with respect to any term or condition of employment for exercising his or her good faith reporting obligations under this Code.

Penalties for Violations

Anaren maintains a ZERO tolerance policy with respect to violations of this Code. Employees who violate the provisions and policies set forth in this Code by engaging in unethical conduct, failing to report conduct potentially in violation of the Code or refusing to participate in any investigation of such conduct, will be subject to disciplinary action, up to and including termination of employment.


No provision of this Code may be waived for any reason.

Approved: August 13, 2002 | Revised: February 24, 2014

Have questions?

Contact Us