Barnhill Responds to TESSCO Settlement Offer with Comprehensive Board Refreshment Proposal
A precondition unique to the two Barnhill independent nominees that TESSCO proposed be added to the Board as part of the settlement (Mr. Bryan and Ms. McLean) which required that before taking their seats, they had to tender resignation letters.
- A precondition unique to the two Barnhill independent nominees that TESSCO proposed be added to the Board as part of the settlement (Mr. Bryan and Ms. McLean) which required that before taking their seats, they had to tender resignation letters.
- Mr. Barnhill is the founder, former Chairman of the Board and the largest shareholder of the Company.
- Mr. Barnhill's spouse is a trustee of the Janet W Barnhill Tr UA 6 9 2016 Janet W Barnhill Rev Trust.
- None of the Participants (other than Mr. Barnhill) currently beneficially, directly or indirectly own any securities of the Company.