Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Reginald Jaramillo Promoted to President of Telecommunications President of
Telecommunications
On July 20, 2020, the Company promoted Reginald Jaramillo to President of
Telecommunications to replace Don Kinison, the former President of
Telecommunications, who is no longer with the Company. Mr. Jaramillo began his
career with ADDvantage Technologies in 2019 serving as the company's Director of
Financial Planning and Analysis where he developed planning and analysis
processes from the ground up. He was born into an entrepreneurial family and
grew up working in the Leal's Mexican Foods family restaurant businesses located
in West Texas and Eastern New Mexico. Subsequently, he spent five years working
in the financial services industry for Wells Fargo Financial and American
General Financial Services. Prior to joining the company, Mr. Jaramillo worked
for 15 years in the telecommunications industry for Cox Communications, Time
Warner Cable and most recently Suddenlink Communications (Operated by Altice USA
NYSE: ATUS) where he spent 10 years serving in various fiscal and operational
leadership role, which included VP of Fiscal Operations, VP of Business
Planning, and VP of Field Operations.
Jimmy Taylor Named Permanent President of Wireless Services
On July 20, 2020, the Company confirmed Jimmy Taylor as the permanent President
of Wireless Services. Mr. Taylor is a 35-year veteran of the wireless
infrastructure and telecommunications industries. He has extensive experience in
both operational leadership, business development and mergers and acquisitions
creating a solid foundation for process improvement as well as organic and
transactional growth. Taylor has held multiple senior leadership roles,
particularly in site development and deployment. He started his telecom career
with GTE and Houston Cellular a and then joined Crown Castle International, one
of the world's largest tower asset management companies. He was the Regional VP
of Southwest for Crown Castle for almost 8 years, where he was responsible for
site development, deployment and leasing operations. He also served as President
of Cotton Telecom, VP of Site Development at Goodman Networks, and more recently
President of the Teltech Group.
Item 8.01. Other Events.
On July 20, 2020, the Company issued a press release announcing the promotion of
Reginald Jaramillo to President of Telecommunications and the confirmation of
Jimmy Taylor as permanent President of Wireless Services. 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 July 20, 2020 issued by the Company.
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