Wireless Telecom Group, Inc. (NYSEMKT:WTT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On March 27, 2017 Don Carlos Bell III informed the Board of Directors of Wireless Telecom Group, Inc. (“the Company”) that he will not be seeking nomination to the Company’s Board of Directors for the upcoming 2017 term year due to his recent appointment as Chief Executive Officer of magicJack VocalTec Ltd. Mr. Bell has been a member of the Company’s Board since June 11, 2014, serving on both the Compensation Committee and the Nominating and Corporate Governance Committee. He will complete his current term on the Board of Directors on the date of the 2017 Annual Meeting of Shareholders. Mr. Bell was appointed CEO of magicJack VocalTec Ltd on March 9, 2017 and intends to devote his professional efforts to his new role.
About Wireless Telecom Group, Inc. (NYSEMKT:WTT)
Wireless Telecom Group, Inc. designs and manufactures radio frequency and microwave-based products for wireless and communications industries. It markets its products and services under the brand names, Boonton, Microlab and Noisecom. It serves commercial and government markets with solutions in distributed antenna systems (DAS), cellular/mobile, wireless fidelity, worldwide interoperability for microwave access (WiMAX), private mobile radio, satellite, cable, radar, avionics, medical and computing applications. It operates through two segments: network solutions, which includes the operations of its subsidiary, Microlab/FXR (Microlab) and test and measurement, which consists of the operations of Boonton Electronics Corporation (Boonton) and Noise Com, Inc. (Noisecom). Its suite of instruments and components includes peak power meters and signal analyzers. It offers long-term evolution software and embedded hardware, and customized fourth generation/fifth generation solutions. Wireless Telecom Group, Inc. (NYSEMKT:WTT) Recent Trading Information
Wireless Telecom Group, Inc. (NYSEMKT:WTT) closed its last trading session down -0.03 at 1.41 with 1,407 shares trading hands.