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Believes Change is Urgently Needed to Bring Relevant Experience and Real Independence to Comtech’s Board
Details Conflicts of Interest Among Current Directors and Company’s Ceaseless Attempts at Entrenchment – Including a Deeply Flawed Board “Refreshment” Process
Urges Shareholders to Vote on the White Proxy Card for the Election of Highly Qualified and Fully Independent Nominees Wendi Carpenter and Sidney Fuchs
NEW YORK--(BUSINESS WIRE)-- Outerbridge Capital Management, LLC (“Outerbridge”), a beneficial owner of approximately 4.9% of Comtech Telecommunications Corp.’s (NASDAQ: CMTL) (“Comtech” or the “Company”) outstanding shares of common stock, today issued an investor presentation refuting the false and misleading claims contained in Comtech’s recent public materials. Outerbridge has nominated two highly qualified director candidates – Wendi Carpenter and Sidney “Sid” Fuchs – for election to the Comtech Board of Directors (the “Board”) at the upcoming 2021 Annual Meeting of Stockholders (the “Annual Meeting”) scheduled for December 17, 2021.
The presentation is available here and additional materials are available at: https://www.restorecomtech.com/stockholder-materials.
The presentation highlights the following:
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