Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 10, 2020 and October 12, 2020, the Board of Directors of Blonder Tongue Laboratories, Inc. (the "Company") adopted certain amendments (the "Amendments") to the Company's existing Executive Stock Purchase Plan (the "Plan"). The Amendments are incorporated in a Second Amended and Restated Executive Stock Purchase Plan and an Amendment No. 1 to Second Amended and Restated Executive Stock Purchase Plan. The Plan, initially adopted in June 2014 and amended and restated in November 2016, permits executive officers of the Company to elect to purchase shares of Company common stock in lieu of receiving cash salary payments. The Amendments increase the maximum aggregate number of shares of Company common stock that may be purchased by all participants from 250,000 to 750,000 shares and amend certain provisions relating to the timing of an executive's election to receive shares in lieu of cash compensation and the method of calculating the fair market value of such shares. The shares will be acquired directly from the Company at the fair market value of the Company's common stock on the date of acquisition, with the fair market value currently to be determined based on the closing price reported on NYSE American on such date.

The foregoing summary is not complete and is qualified in its entirety by reference to the Second Amended and Restated Executive Stock Purchase Plan and Amendment No. 1 to Second Amended and Restated Executive Stock Purchase Plan, which are filed as Exhibit 10.1 and Exhibit 10.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.




Item 9.01   Financial Statements and Exhibits



(d) Exhibits.

The following exhibits are filed herewith:





Exhibit No.   Description

   10.1         Second Amended and Restated Executive Stock Purchase Plan
   10.2         Amendment No. 1 to Second Amended and Restated Executive Stock
              Purchase Plan




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