TCS to Add 1 Seat on Board of Directors; Maurice Tose Comments

Maurice Tose
Maurice Tose

TeleCommunication Systems (NASDAQ: TSYS) will expand the number of seats on its board of directors from eight to nine as part of an agreement with Becker Drapkin Management.

TCS will appoint two out of three nominees Becker Drapkin chooses to serve on the board within 30 days, TCS said Monday.

“We look forward to working with the two new board members to help us deliver value to our shareholders and leading solutions to our customers, ” Tose added.

“We are always open to the inputs of our shareholders and are pleased that this agreement could be reached.”

The two new members will join TCS’ board within a month after one director departs from the board.

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