On March 8, 2022, GAMCO Investors, Inc. announced that on January 12, 2022, its proxy voting committee announced its intent to vote against Communications Systems, Inc.'s agreement and plan of merger with Pineapple Energy, LLC. GAMCO stated that it has continued its focus of the Company's public filings and engaged with representatives of the Company and Pineapple in the furtherance of its evaluation of the Merger. GAMCO Investors added that the proxy voting committee is still not convinced that the best way to maximize shareholder value is by voting for the Merger, especially when other strategic options and tax dynamics for (and all) tax sensitive clients are considered.

GAMCO Investors stated that thus, the proxy voting committee still intends to encourage others who own the Company to voice concerns and vote against the Merger (and related proposals) at the Company's March 16th special meeting of shareholders.