Olshan Client Privet Fund Reaches Agreement with Frequency Electronics for Board Representation

Olshan client Privet Fund Management announced that it has reached an agreement with Frequency Electronics, Inc. pursuant to which Frequency Electronics has expanded the size of the Board of Directors from seven to eight directors and appointed Ryan Levenson and General Lance Lord to the Board to fill the two vacancies, effective immediately.  Mr. Levenson and General Lance Lord will be included in Frequency Electronics’ slate of director nominees for re-election at the upcoming 2016 Annual Meeting of Shareholders and will be included in Frequency Electronics’ slate of director nominees at the 2017 Annual Meeting of Shareholders.  Steve Wolosky and Ryan P. Nebel represent Privet Fund with respect to its investment in Frequency Electronics.