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Barnhill Receives Requisite Number of Written Consents to Refresh TESSCO Board and Amend Bylaws
Dec 18, 2020 1:06 PM ET Legal Newswire POWERED BY LAW.COM
Robert B. Barnhill, Jr. (together with the other participants of the consent solicitation, the Barnhill Participants ), one of the largest stockholders of TESSCO Technologies Incorporated, delivered written consents to the Company on December 11, 2020 from the holders of at least 67% of the Company s outstanding common stock to remove John D. Beletic, Cathy-Ann Martine-Dolecki and Ronald D. McCray from the Board of Directors (the Board ) and to elect J. Timothy Bryan and Kathleen McLean as directors. The Barnhill Participants also delivered written consents from the holders of at least 67 % of the Company s outstanding common stock to reduce the percentage of shareholders that may cause the Company to call a special meeting of shareholders to holders of 25% of the votes outstanding and entitled to vote at a spe