0001445260-20-000019.txt : 20200227 0001445260-20-000019.hdr.sgml : 20200227 20200227110254 ACCESSION NUMBER: 0001445260-20-000019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200227 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20200227 DATE AS OF CHANGE: 20200227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADDVANTAGE TECHNOLOGIES GROUP INC CENTRAL INDEX KEY: 0000874292 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-DURABLE GOODS [5000] IRS NUMBER: 731351610 STATE OF INCORPORATION: OK FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10799 FILM NUMBER: 20659164 BUSINESS ADDRESS: STREET 1: 1221 E. HOUSTON CITY: BROKEN ARROW STATE: OK ZIP: 74012 BUSINESS PHONE: 9182519121 MAIL ADDRESS: STREET 1: 1221 EAST HOUSTON STREET CITY: BROKEN ARROW STATE: OK ZIP: 74012 FORMER COMPANY: FORMER CONFORMED NAME: ADDVANTAGE MEDIA GROUP INC /OK DATE OF NAME CHANGE: 19930328 8-K 1 02272020-8k.htm DEPARTURE OF PRESIDENT OF WIRELESS SERVICES
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported) February 27, 2020

ADDVANTAGE TECHNOLOGIES GROUP, INC.
(Exact name of Registrant as specified in its Charter)

Oklahoma
(State or other Jurisdiction of Incorporation)

1-10799
73-1351610
(Commission file Number)
(IRS Employer Identification No.)
 
 
13757 N. Stemmons Freeway, Farmers Branch, Texas
75234
(Address of Principal Executive Offices)
(Zip Code)

(918) 251-9121
(Registrant's Telephone Number, Including Area Code)


(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General InstructionA.2. below):

□
Written Communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□
Pre-commencement communications pursuant to Rule 13e-4© under the Exchange Act (17 CFR 240.13e-4(c))


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 27, 2020, the Company announced the departure of Colby Empey, the President of the Wireless Infrastructure Services segment.  The Company named Jimmy Taylor as the Interim President of the Wireless Infrastructure Services segment to replace Mr. Empey.

 Item 8.01 Other Events.

On February 27, 2020, the Company issued a press release announcing the departure of Colby Empey, the Company's President of the Wireless Infrastructure Services segment, and naming Jimmy Taylor as the Interim President of the Wireless Infrastructure Services segment.  A copy of the press release is attached as Exhibit 99.1 to this Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits
 
The following exhibit is furnished herewith:
 
Exhibit 99.1
Press Release dated February 27, 2020 issued by the Company.


 
SIGNATURES
 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
ADDVANTAGE TECHNOLOGIES GROUP, INC.
 
 
 
 
 
Date: February 27, 2020
 
 
 
 
 
By: /s/ Scott Francis
 
 
Scott Francis
 
 
Vice-President & Chief Accounting Officer
 
 
 
 
 
 Exhibit Index

Exhibit Number
Description
99.1
Press Release dated February 27, 2020 issued by the Company.

EX-99.1 2 pressrelease_02272020.htm PRESS RELEASE DATED FEBRUARY 27, 2020 ISSUED BY THE COMPANY
ADDvantage Technologies Announces Wireless Segment Management Change

Farmers Branch, Texas, February 27, 2020 – ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (“ADDvantage Technologies” or the “Company”) today named Jimmy Taylor the Interim President of the ADDvantage Wireless Services segment, replacing Colby Empey. Colby had been leading Fulton Technologies prior to the Company’s asset acquisition in January 2019 and for more than a year under the Company’s ownership.

“We appreciate Colby’s energy and leadership at Fulton as he helped to integrate Fulton into our Company after the acquisition and stabilized the business,” said CEO Joe Hart. “We wish him luck in his future endeavors in the industry. At the same time, we need to make strategic changes at Fulton to be ready to take advantage of the growth and opportunities that will come from the advent of 5G now that the Sprint-T-Mobile merger has been approved and Dish Wireless plans its debut as the fourth major carrier in the US market. Jimmy Taylor is someone that I have worked with in past assignments and is well connected in the wireless industry, especially in site development.”

Mr. Taylor is a 35-year veteran of the wireless infrastructure and telecommunications industries.  He has extensive experience in both operational leadership and business development, creating a solid foundation for process improvement as well as organic and transactional growth. Mr. Taylor has held multiple senior leadership roles, especially in site development and deployment. He started his career at Houston Cellular and PrimeCo PCS and then joined Crown Castle International, one of the world’s largest tower asset management companies. He was the Regional VP of Southwest Operations for Crown Castle for almost 10 years, where he was responsible for site development, deployment and leasing operations. He was VP of Site Development at Goodman Networks and President of the Teltech Group and Cotton Telecom. His robust experience and contacts in the wireless infrastructure services industry will help Fulton reach its full potential as the industry prepares for significant growth related to 5G.  Mr. Taylor is a graduate of The University of Texas.


About ADDvantage Technologies Group, Inc.
ADDvantage Technologies Group, Inc. (Nasdaq: AEY) is a communications infrastructure services and equipment provider operating a diversified group of companies through its Wireless Infrastructure Services and Telecommunications segments. Through its Wireless segment, Fulton Technologies provides turn-key wireless infrastructure services including the installation, modification and upgrading of equipment on communication towers and small cell sites for wireless carriers, national integrators, tower owners and major equipment manufacturers. Through its Telecommunications segment, Nave Communications and Triton Datacom sell equipment and hardware used to acquire, distribute, and protect the communications signals carried on fiber optic, coaxial cable and wireless distribution systems. The Telecommunications segment also offers repair services focused on telecommunication equipment and recycling surplus and related obsolete telecommunications equipment.

ADDvantage operates through its subsidiaries, Fulton Technologies, Nave Communications, and Triton Datacom. For more information, please visit the corporate web site at www.addvantagetechnologies.com.

Cautions Regarding Forward-Looking Statements
The information in this announcement may include forward-looking statements. All statements, other than statements of historical facts, which address activities, events or developments that the Company expects or anticipates will or may occur in the future, are forward-looking statements. These statements are subject to risks and uncertainties, which could cause actual results and developments to differ materially from these statements. A complete discussion of these risks and uncertainties is contained in the Company’s reports and documents filed from time to time with the Securities and Exchange Commission.

For further information:
Hayden IR
Brett Maas
(646) 536-7331
aey@haydenir.com