8-K
filed August 4, 2023, 7:59 PM ET
CIK 0000878828
M&A
confidence high
sentiment neutral
materiality 1.00
WIRELESS TELECOM GROUP INC: M&A transaction — Wireless Telecom Group acquired by Maury Microwave for $2.13/share; stock delisted
WIRELESS TELECOM GROUP INC
- Merger closed August 4, 2023; each share converted to $2.13 cash.
- Common stock delisted from NYSE American; deregistration on Form 15 to follow.
- All six directors and executive officer Timothy Whelan resigned effective at merger close.
- Outstanding equity awards (options, RSUs, restricted stock) cashed out at Merger Consideration less exercise price.
- Payment of Merger Consideration delayed ~7 business days pending NJ state filing.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Timothy Whelan departed as Director at WIRELESS TELECOM GROUP INC.
- Action
- ceased
- Role
- Director
Exact text from the filing
each of C. Scott Gibson, Alan L. Bazaar, Jennifer Fritzsche, Michael Millegan, Allan D. L. Weinstein and Timothy Whelan ceased to be members of the board of directors of WTT
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
C. Scott Gibson departed as Director at WIRELESS TELECOM GROUP INC.
- Action
- ceased
- Role
- Director
Exact text from the filing
each of C. Scott Gibson, Alan L. Bazaar, Jennifer Fritzsche, Michael Millegan, Allan D. L. Weinstein and Timothy Whelan ceased to be members of the board of directors of WTT
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Alan L. Bazaar departed as Director at WIRELESS TELECOM GROUP INC.
- Action
- ceased
- Role
- Director
Exact text from the filing
each of C. Scott Gibson, Alan L. Bazaar, Jennifer Fritzsche, Michael Millegan, Allan D. L. Weinstein and Timothy Whelan ceased to be members of the board of directors of WTT
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Timothy Whelan departed as Executive Officer at WIRELESS TELECOM GROUP INC.
- Action
- ceased
- Role
- Executive Officer
Exact text from the filing
Timothy Whelan ceased to be an executive officer of WTT
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jennifer Fritzsche departed as Director at WIRELESS TELECOM GROUP INC.
- Action
- ceased
- Role
- Director
Exact text from the filing
each of C. Scott Gibson, Alan L. Bazaar, Jennifer Fritzsche, Michael Millegan, Allan D. L. Weinstein and Timothy Whelan ceased to be members of the board of directors of WTT
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Millegan departed as Director at WIRELESS TELECOM GROUP INC.
- Action
- ceased
- Role
- Director
Exact text from the filing
each of C. Scott Gibson, Alan L. Bazaar, Jennifer Fritzsche, Michael Millegan, Allan D. L. Weinstein and Timothy Whelan ceased to be members of the board of directors of WTT
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Allan D. L. Weinstein departed as Director at WIRELESS TELECOM GROUP INC.
- Action
- ceased
- Role
- Director
Exact text from the filing
each of C. Scott Gibson, Alan L. Bazaar, Jennifer Fritzsche, Michael Millegan, Allan D. L. Weinstein and Timothy Whelan ceased to be members of the board of directors of WTT
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
WIRELESS TELECOM GROUP INC underwent a change of control involving Maury Microwave, Inc. (closed 2023-08-04).
- Action
- change of control
- Counterparty
- Maury Microwave, Inc.
- Closing
- 2023-08-04
Exact text from the filing
On August 4, 2023 (the "Closing Date"), the acquisition of Wireless Telecom Group, Inc., a New Jersey corporation ("WTT"), was completed pursuant to the terms of the previously announced Agreement and Plan of Merger
View on SEC.gov
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