Relm Wireless announces settlement agreement with Privet Fund RELM Wireless announced that, after discussions with representatives of Privet Fund, the company and Privet Fund have entered into a settlement agreement regarding the membership and composition of the board of the company. Pursuant to the settlement agreement the company has appointed James Henderson to serve as a director of the company and nominated Henderson, along with all of the other seven incumbent directors, for election at its 2014 Annual Meeting of Stockholders to be held on May 21. Henderson was also appointed to the Nominating and Governance Committee of the board. Henderson has served as chairman and interim CEO of School Specialty since July, 2013.
Relm Wireless receives blanket purchase order from Bureau of Land Management RELM Wireless received a blanket purchase agreement from the U.S. Bureau of Land Management. The BPA encompasses the company's entire line of radio products and accessories operating in all the primary frequency bands. The BPA provides an eleven month base period expiring on December 14 and four one-year option periods, and limits each individual order to a maximum of $1.25M.