PHAZAR CORP Appoints Robert E. Fitzgerald as President, Chief Executive Officer and Director
October 03 2012 - 10:30AM
Business Wire
PHAZAR CORP, (NASDAQ: ANTP) today announced that Robert E.
Fitzgerald has been appointed to serve as President, Chief
Executive Officer and Director of the Company effective October 1,
2012. Mr. Fitzgerald’s current term as a director will expire at
the Company's next annual meeting of shareholders. Mr. Fitzgerald,
of Fort Worth, Texas attended U.C.L.A and earned a degree in
economics. Mr. Fitzgerald also attended U.C.L.A and received his
Juris Doctorate.
Mr. Fitzgerald served as Chief Executive Officer of Proxim
Wireless (fka YDI/Terabeam) from March, 1999 until February, 2008.
Mr. Fitzgerald has also served as Consultant of Ubiquiti Networks
from April, 2009 until August, 2010, including a portion as
President. Mr. Fitzgerald is Chairman of the Board of SeeView
Security Inc., a Director of Steely Eye, Ltd. and an officer and
investor in a number of entities under the control or direction of
QAR, LLC. Mr. Fitzgerald currently serves as President of QAR, LLC
since February, 2008. QAR, LLC provides debt and equity capital to
companies.
Mr. Fitzgerald replaces Mr. Garland P. Asher who resigned as
President, Chief Executive Officer and Chairman of the Board of
PHAZAR CORP and all positions of the subsidiaries of PHAZAR CORP on
October 1, 2012. Mr. Asher served on the Board of Directors since
2008.
The Board of Directors of PHAZAR CORP appointed Gary W. Havener
to serve as Chairman of the Board. Mr. Havener qualifies as an
independent director as defined by NASDAQ Marketplace Rule
5605(a)(2).
Product information is available at www.antennaproducts.com and
www.phazar.com.
The common stock of PHAZAR CORP is listed on the NASDAQ Capital
Market under the trading symbol “ANTP”. This press release contains
forward-looking information within the meaning of Section 29A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performances and underlying assumption and other statements, which
are other than statements of historical facts. Certain statements
contained herein are forward-looking statements and, accordingly,
involve risks and uncertainties, which could cause actual results,
or outcomes to differ materially from those expressed in the
forward-looking statements. The Company’s expectations, beliefs and
projections are expressed in good faith and are believed by the
Company to have a reasonable basis, including without limitations,
management’s examination of historical operating trends, data
contained in the Company’s records and other data available from
third parties, but there can be no assurance that management’s
expectations, beliefs or projections will result, or be achieved,
or accomplished.
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