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
TESSCO Announces Receipt of Consents from Robert J. Barnhill, Jr.
TESSCO Announces Receipt of Consents from Robert J. Barnhill, Jr. TESSCO Technologies Incorporated (NASDAQ: TESS), a leading value-added distributor and solutions provider for the wireless industry, today confirmed that Robert B. Barnhill, Jr. has delivered the consents from shareholders with respect to his effort to remove the majority of its directors and elect four new directors. According to the materials delivered to the Company, the proposal naming John D. Beletic for removal has received sufficient support to be effective. None of the other proposals to remove named directors received sufficient shareholder support to become effective. The materials further assert that the technical language of the proposal to remove Mr. Beletic also implicates the removal of two directors who joined the Board in early November, Cathy-Ann Martine-Dolecki and Ronald D. McCray. Accordingly, Mr. Beletic, Ms. Dolecki and Mr. M
4 months ago
HUNT VALLEY, Md.–(BUSINESS WIRE)–TESSCO Technologies Incorporated (NASDAQ: TESS), a leading value-added distributor and solutions provider for the wireless industry, today confirmed that Robert B. Barnhill, Jr. has delivered the consents from shareholders with respect to his effort to remove the majority of its directors and elect four new directors.
According to the materials delivered to the Company, the proposal naming John D. Beletic for removal has received sufficient support to be effective. None of the other proposals to remove named directors received sufficient shareholder support to become effective. The materials further assert that the technical language of the proposal to remove Mr. Beletic also implicates the removal of two directors who joined the Board in early November, Cathy-Ann Martine-Dolecki and Ronald D. McCray. Accordingly, Mr. Beletic, Ms. Dolecki and Mr. McCray have been removed from the Board.