XGTI XG Technology,

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 14A

(RULE 14a-101)

 

SCHEDULE 14A INFORMATION

 

PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES

EXCHANGE ACT OF 1934

 

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¨	Preliminary Proxy Statement

 

¨	Confidential, For Use of the Commission Only (as Permitted by Rule 14a-6(e)(2))

 

¨	Definitive Proxy Statement

 

þ	Definitive Additional Materials

  

¨	Soliciting Material under §240.14a-12

 

XG TECHNOLOGY, INC .

(Name of Registrant as Specified In Its Charter)

 

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

 

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IMPORTANT NOTICE TO xG TECHNOLOGY SHAREHOLDERS:
YOUR HELP IS NEEDED TO ENSURE xG TECHNOLOGY STOCK REMAINS LISTED

 

Dear xG Technology shareholder,

 

I am writing to you as the Chairman and CEO of xG Technology, as well as also being a large shareholder.

 

We need your help.

 

Whether you haven’t voted your shares yet, have voted “Against” the proposed reverse stock split, or do not recall how you previously voted, please take a moment to cast the enclosed ballot “In Favor” of the reverse stock split. The attached proxy card can be used for that purpose or you may call Laurel Hill Advisory, Toll Free at 888-742-1305 . If you have previously voted yes, you need do nothing. If you are not sure, or if you abstained, or you did not vote or voted no, we need your help and your “yes” vote, in support of the resolution.

 

Here is why this is important to each of us:

 

In June, we did an approved stock split that we thought was enough to keep us from being delisted. That looked good until the last hour of the last day of the NASDAQ prescribed time our stock needed to trade above $1.00. As a result, we are faced with being delisted by NASDAQ. We have appealed the decision and have a date set in mid-November for our hearing. If the appeal is not successful, we will be delisted without us having further notice unless we are authorized to do the reverse split. While the reverse stock split is required for the Company to maintain its listing on the Nasdaq Stock Market , the Company will do the reverse only if we must, but we need your vote “In Favor” of the resolution to have the option if we must do so.

 

Additionally, we are amending the proxy to extend the date that the Board of Directors may affect a reverse stock split to May 15, 2017, as noted on the new proxy card enclosed with this letter. If you have previously voted, your vote still counts as you voted. If you would like to change your vote based on the information in this letter, you may do so on the enclosed proxy card.

 

If you have any questions, please contact Laurel Hill Advisory, Toll Free at 888-742-1305. Because time is short, if possible, please cast your votes using the online system detailed in the enclosed ballot.

 

Thank you for being shareholders in our company, for reading this, and most importantly, for voting “In Favor” on the resolution.

 

We appreciate your ongoing support of xG Technology.

 

 Sincerely,

 

George Schmitt
CEO and Executive Board Chairman