Costa Bravo-nominated board member fights for documents from Telos

By Lisa Kerner

Charlotte, N.C., July 20 - Telos Corp. board member Andrew R. Siegel, nominated by Costa Brava Partnership III, LP, hired a law firm to gain access to board minutes from 2005 to 2007, a copy of the company's 2007 budget, the company's strategic business plan, and the current proxy agreement between Telos, the Department of Defense and John Porter.

Siegel requested the materials on July 5 and has not received any of the materials from Telos, according to a letter from his attorney to the company. The letter was included as part of a schedule 13D filing with the Securities and Exchange Commission.

"Mr. Siegel has requested certain company documents for the proper purpose of fulfilling his duties as a director of Telos," the letter said. Telos has not offered any reason why Siegel is being denied access to the requested information.

Telos has until July 25 to provide Siegel with hard copies of the documents he requests or the law firm "will take action to enforce his rights."

As previously reported, Costa Brava nominated Siegel and Seth W. Hamot to Telos' board. Both Siegel and Hamot are Costa Brava principals.

Costa Bravo beneficially owns 506,811 shares, or 15.9%, of the Ashburn, Va., IT solutions and services provider.

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