Stock Monitor: Blonder Tongue Laboratories Post Earnings Reporting
LONDON, UK / ACCESSWIRE / November 28, 2017 / Active-Investors issued a free report on Frequency Electronics Inc. (NASDAQ: FEIM) ("Frequency"), which is readily accessible upon registration at www.active-investors.com/registration-sg/?symbol=FEIM as the Company's latest news hit the wire. On November 22, 2017, the Company announced the appointment of Jonathan Brolin to its Board of Directors, effective immediately. Brolin will replace Admiral S. Robert Foley, Jr. on the Board of Directors and will serve as a member of the Board's Compensation and Audit Committees. Sign up now for our free research reports at: www.active-investors.com/registration-sg.
Active-Investors.com is currently working on the research report for Blonder Tongue Laboratories, Inc. (NYSE American: BDR ), which also belongs to the Technology sector as the Company Frequency Electronics. Do not miss out and become a member today for free to access this upcoming report at: www.active-investors.com/registration-sg/?symbol=BDR.
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Frequency Electronics most recent news is on our radar and we have decided to include it in our blog post. Today's free coverage is available at: www.active-investors.com/registration-sg/?symbol=FEIM.
Brolin, Founder and Managing Partner of Edenbrook Capital, LLC, owns approximately 14.3% of Frequency's outstanding shares and is the largest shareholder of the Company.
Frequency Looks Forward to Collaborating with its Largest Shareholder
Commenting on the appointment, Joel Girsky, Chairman of the Board of Frequency (NASDAQ: FEIM), stated that the Company is pleased to welcome Brolin to the Board, and is confident that his significant financial expertise and in-depth knowledge of the business and industry will further strengthen Frequency's Board. The Company looks forward to collaborating with its largest shareholder to help create value for all shareholders.
Brolin's Career Graph
Jonathan Brolin founded Edenbrook Capital in 2011, an investment advisory Company concentrating investments in small and mid-cap companies, serving customers in the State of New York. His responsibilities include identifying equities that are undervalued on a fundamental basis, performing intensive research on companies and industries, understanding existing and potential levers for creating value, and collaborating with management teams and/or other constituents to unlock shareholder value.
Brolin has over 20 years of experience in public and private equity investing. Additionally, Brolin serves as an Adjunct Professor of Finance at Fordham's Gabelli School of Business, where he teaches Advanced Topics in Value Investing.
Brolin's Educational Background
Brolin earned his MBA from Columbia Business School, where he was a member of the Beta Gamma Sigma Honor Society. He earned his BA from the University of Pennsylvania, where he was a Benjamin Franklin Scholar and General Honors Student.
S. Robert Foley Professional Contributions
S. Robert Foley, Jr. recently retired as Vice President for Laboratory Management, University of California. He served as Vice President of Raytheon International, Inc. and President of Raytheon Japan. Admiral Foley served in the United States Navy, including the position of Commander-In-Chief of the Pacific Fleet, and also served as director of INTELSAT General Corp.
Frequency Appointed New COO
On September 13, 2017, Frequency appointed Dr. Stanton Sloane as the Chief Operating Officer (COO). Dr. Sloane holds a bachelor's degree in Professional Studies (Aeronautics) from Barry University, a master's degree in Human Resources Management from Pepperdine University, and a Doctor of Management degree from the Weatherhead Business School at Case Western Reserve University. He also served as an officer in the US Navy and has worked on space and terrestrial systems of interest to FEI such as GPS, secure communications, radar, and electronic warfare.
About Frequency Electronics Inc. (NASDAQ: FEIM)
Founded in 1961, Frequency is a world leader in the design, development, and manufacture of high-precision timing, frequency control, and synchronization products for satellite and terrestrial applications. The Company's products are used in commercial, government, and military systems, including satellite payloads, missiles, UAVs, piloted aircraft, GPS, secure radios, SCADA, energy exploration, and wireline and wireless communication networks. Frequency is headquartered in Mitchel Field, New York.
Stock Performance Snapshot
November 27, 2017 - At Monday's closing bell, Frequency Electronics' stock dropped 1.58%, ending the trading session at $9.35.
Volume traded for the day: 524 shares.
Stock performance in the previous three-month period - up 16.58%
After yesterday's close, Frequency Electronics' market cap was at $81.44 million.
The stock is part of the Technology sector, categorized under the Communication Equipment industry.
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