On March 20, 2024, GAMCO Asset Management announced that the CVRs (Contingent Value Rights) are set to expire on March 28, 2024, and GAMCO is requesting Communications Systems, Inc extend the expiration of the CVR through December 31, 2024. GAMCO stated that this extension will allow for the resolution of outstanding contingencies that impact the contingent payment due to CVR holders. GAMCO demands the Company immediately distribute the balance of the escrow account and provide an accounting for any ?legacy?

charges that were made against the cash account reserved for CVR holders. GAMCO stated that it initially opposed the transaction resulting in the creation of the CVR?s and sought the CVR payment in order to protect against the corporate waste resulting from this transaction. GAMCO also stated that it is prepared to assert any and all claims it has to receive what rightfully belongs to the CVR holders.