0001179110-20-005727.txt : 20200511 0001179110-20-005727.hdr.sgml : 20200511 20200511175407 ACCESSION NUMBER: 0001179110-20-005727 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190426 FILED AS OF DATE: 20200511 DATE AS OF CHANGE: 20200511 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Cawley Joseph CENTRAL INDEX KEY: 0001811375 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33938 FILM NUMBER: 20866314 MAIL ADDRESS: STREET 1: 11126 MCCORMICK ROAD CITY: HUNT VALLEY STATE: MD ZIP: 21031 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TESSCO TECHNOLOGIES INC CENTRAL INDEX KEY: 0000927355 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 520729657 STATE OF INCORPORATION: DE FISCAL YEAR END: 0329 BUSINESS ADDRESS: STREET 1: 11126 MCCORMICK ROAD CITY: HUNT VALLEY STATE: MD ZIP: 21031 BUSINESS PHONE: 4102291000 MAIL ADDRESS: STREET 1: 11126 MCCORMICK ROAD CITY: HUNT VALLEY STATE: MD ZIP: 2121031 3 1 edgar.xml FORM 3 - X0206 3 2019-04-26 0 0000927355 TESSCO TECHNOLOGIES INC TESS 0001811375 Cawley Joseph 11126 MCCORMICK ROAD HUNT VALLEY MD 21031 0 1 0 0 Senior Vice President Common Stock 665 D Common Stock 2812 D Common Stock 368 I Shares owned indirectly through 401k Plan Common Stock 1224 I Shares owned indirectly through the TESSCO Team Member Stock Purchase Plan Employee Stock Option 13.35 2023-06-12 Common Stock 10000 D Employee Stock Option 17.55 2024-05-10 Common Stock 7000 D Reflects Common Stock covered by Performance Stock Units, sometimes referred to as PSUs, as and to the extent which the applicable performance requirements have been met (referred to as PSUs "earned"), and which represent the conditional right to receive one share of Common Stock per PSU on the basis of continued time vesting. PSUs granted May 10, 2017, with a fiscal 2018 performance year, for 3,750 shares of Common Stock were earned on May 10, 2018 whereupon the shares of Common Stock underlying one fourth of the earned PSU were issued on the same date, and the remaining three fourths will be issued in three equal annual installments of approximately 938 shares on or about each of the succeeding three anniversaries of such date, subject to the Reporting Person's continued association with the Issuer on the applicable date. Reporting Person has elected to report the shares of Common Stock as an award in Table I instead of reporting the award of the PSUs in Table II. The options will vest 25% after 1 year and then the remainder vests 1/36 each month for 3 years. Joseph M. Cawley by Aric Spitulnik by Power of Attorney 2020-05-11 EX-24 2 ex24cawley.txt POWER OF ATTORNEY POWER OF ATTORNEY By executing below, the undersigned hereby constitutes and appoints each of Aric Spitulnik, Senior Vice President, Chief Financial Officer and Corporate Secretary of the Company, and Cindy King, a Vice President of the Company, from time to time, acting singly, the undersigned's true and lawful attorney-in-fact to: (1) execute for and on behalf of the undersigned, in the undersigned's capacity as an officer and/or director of the Company, Forms 3, 4 and 5, and any successor forms thereto, (each, a "Form" and collectively, the "Forms") and any amendment or amendments to any such Form, in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder; (2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form, complete and execute any amendment or amendments thereto, and timely file such Form with the U.S. Securities and Exchange Commission and any stock exchange or market or similar authority; and (3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion. The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934 or the rules thereunder. This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms with respect to the undersigned's holdings of and transactions in securities (including derivative securities) issued by the Company and security-based swap agreements involving such securities, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact. Date: May 5, 2020 Signature: /s/ Joseph M. Cawley, Jr. --------------------------- Print Name: Joseph M. Cawley, Jr.