REMEC Liquidating Trust
Richard A. Sackett, Trustee

 

 

The purpose of the REMEC Liquidating Trust was to complete the winding-up of the affairs of REMEC, Inc. and distribute the proceeds thereof to the holders of beneficial interests in the Trust.


 

 

 

 

 

 

 

 

 

REMEC, Inc. was incorporated in California in January 1983.  In 2005, shareholders approved the liquidation and dissolution of REMEC, Inc. pursuant to a Plan of Complete Liquidation and Dissolution, intended to allow for the orderly disposition of the Company’s remaining assets and liabilities. On November 16, 2010, pursuant to the Plan of Dissolution, REMEC, Inc. and Richard A. Sackett, as Trustee, entered into a Liquidating Trust Agreement for the creation and operation of the REMEC Liquidating Trust. The REMEC Liquidating Trust commenced operating on January 1, 2011.

Effective October 1, 2012, the Trust made its sole (since its inception on January 1, 2011) and final liquidating distribution to the Beneficiaries in the total amount of $2,894,971.84, or $0.0964 per Beneficial Unit (each such unit being equal to one share of the former common stock of REMEC, Inc.). With this final distribution, the Trust completed its sole purpose, which was to complete the winding-up of the affairs of REMEC, Inc. and to distribute the proceeds therefrom to the Beneficiaries. The Trustee has paid all remaining liabilities, costs and expenses of the Trust. As such, the Trustee terminated the Trust effective on November 30, 2012.
 
Beneficiaries seeking information regarding their holdings in the REMEC Liquidating Trust may obtain that information in one of two ways:
1. Beneficiaries who held shares of REMEC, Inc. through a broker should contact that broker for information.
2. Beneficiaries who held shares of REMEC, Inc. directly as registered shareholders should contact the Trust’s Transfer Agent, as follows:

     Computershare
     Shareowner Services
     480 Washington Blvd.
     Jersey City, NJ 07310
     1-888-778-1319

The Trust Units have a DTCC identifying number of 759ESC890. Shares of REMEC, Inc. had a CUSIP number of 759543200. The Trustee does not directly maintain information regarding each Beneficiary’s holdings.

 

REMEC Beneficiary Communications

September 20, 2010     Letter to Shareholders [PDF]

October 8, 2010       Letter to Unregistered Shareholders and Brokers [PDF]

January 26, 2011     Letter to Beneficiaries and Statement of Net Assets in Liquidation [PDF]

February 21, 2012     Grantor Letter and Statement of Income and Loss [PDF]

November 30, 2012     Final Grantor Statement [PDF]

November 30, 2012     REMEC Liquidating Trust Closing Letter [PDF]

 

REMEC SEC Filings

REMEC www.sec.gov