PHAZAR Stockholders Approve Merger Agreement with Antenna Products Acquisition Corp

PHAZAR CORP

(“PHAZAR” or the “Company”) announced that at its reconvened special meeting of stockholders held today, the Company's stockholders approved the adoption of the Agreement and Plan of Merger (the “Merger Agreement”), dated March 13, 2013, by and among PHAZAR, QAR Industries, Inc. (“Parent”) and Antenna Products Acquisition Corp., a wholly owned subsidiary of Parent (“Merger Sub”). With the holders of more than 75% of the outstanding shares voting, more than 70% of the votes cast were cast in favor of the Merger Agreement. The Merger Agreement provides for the merger of Merger Sub with and into PHAZAR, with PHAZAR surviving the merger as a private company wholly owned by Parent. Upon completion of the merger, in