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INSEEGO CORP. (NASDAQ:INSG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

INSEEGO CORP. (NASDAQ:INSG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02.

Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On May 29, 2017, the Board of Directors of Inseego Corp. (the
Company) unanimously adopted a resolution to increase the
authorized number of directors constituting the entire Board of
Directors (the Board) from five to six members. Such increase
will become effective on the next business day immediately
following the date of the 2017 Annual Meeting of Stockholders of
the Company, which is scheduled to be held on June 14, 2017.
Additionally, on May 29, 2017, the Board unanimously adopted a
resolution to appoint Jeffrey M. Tuder to fill the vacancy that
will be created by such increase in the size of the Board. Both
the increase in the size of the Board and Mr. Tuders appointment
to the Board are expected to become effective on June 15, 2017.
Upon his appointment to the Board, Mr. Tuder will become a member
of the class of directors with terms expiring at the 2020 Annual
Meeting of Stockholders of the Company, as well as a member of
the Audit Committee of the Board (the Audit Committee). The Board
determined that Mr. Tuder qualifies as an independent director
and is qualified to serve on the Audit Committee under the
applicable rules and regulations of the Securities and Exchange
Commission (the SEC) and listing rules of The NASDAQ Stock Market
LLC. For his services on the Board and Audit Committee, Mr. Tuder
will receive the same compensation as other non-management
directors, as described in the Companys most recent Proxy
Statement filed with the SEC. Mr. Tuders appointment to the Board
was announced in a press release, a copy of which is attached
hereto as Exhibit 99.1.
Mr. Tuder, age 44, is the founder and Managing Member of Tremson
Capital Management, LLC (Tremson), a private investment firm
focused on identifying and investing in securities of undervalued
publicly-traded companies. Prior to founding Tremson, he held
positions at SEC-registered investment advisors that primarily
invest in undervalued securities of publicly traded companies,
including serving as the Director of Research for KSA Capital
Management, LLC from 2012 until 2015 and as a Senior Analyst at
JHL Capital Group, LLC during 2011. From 2007 until 2010, Mr.
Tuder was a Managing Director of CapitalSource Finance, LLC, a
publicly-traded commercial finance company, where he analyzed and
underwrote special situation credit investments in the leveraged
loan and securitized bond markets. From 2005 until 2007, Mr.
Tuder was a member of the investment team at Fortress Investment
Group, LLC (Fortress), where he analyzed, underwrote and managed
private equity investments for several of Fortresss private
equity investment vehicles. Mr. Tuder began his career in various
investment capacities at Nassau Capital, a privately-held
investment firm that managed the private portion of Princeton
Universitys endowment and ABS Capital Partners, a private equity
firm affiliated with Alex Brown Sons. Mr. Tuder currently serves
on the board of directors of MRV Communications, Inc., a provider
of packet and optical hardware and software solutions for data
center operators and communications service providers, where he
also serves as chair of the audit committee. Mr. Tuder received a
Bachelor of Arts degree from Yale University.
Item 9.01.
Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release, dated May 30, 2017.

About INSEEGO CORP. (NASDAQ:INSG)
Inseego Corp, formerly Novatel Wireless, Inc., is a provider of software-as-a-service (SaaS) and solutions for the Internet of Things (IoT). The Company offers a range of products, including mobile hotspots, universal serial bus (USB) modems, embedded modules, integrated asset-management and mobile tracking machine-to-machine (M2M) devices, communications and applications software and cloud services. The Company sells its telematics solutions under the Ctrack brand, including its fleet management, asset tracking and monitoring, stolen vehicle recovery, and usage-based insurance platforms. It operates in the wireless communications industry in two product categories: M2M Products and Solutions, and Mobile Computing Solutions. It sells business connectivity solutions and device management services through its subsidiaries. Its products operate on cellular wireless technology platform. It serves over 590,000 global subscribers, including 182,000 fleet management subscribers. INSEEGO CORP. (NASDAQ:INSG) Recent Trading Information
INSEEGO CORP. (NASDAQ:INSG) closed its last trading session up +0.01 at 1.07 with 163,701 shares trading hands.

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