xG Technology (XGTI) President Woodyatt Resigns

October 6, 2016 4:07 PM EDT

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xG Technology (Nasdaq: XGTI) disclosed the following in a U.S. SEC filing on Thursday:

Item 8.01 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

On September 30, 2016, Mr. James Woodyatt resigned as the President of xG Technology, Inc. (the “Company”). Mr. Woodyatt will continue to serve as a consultant to the Company over the next several months. Mr. Woodyatt’s resignation was not the result of any disagreement with the Company on any matter relating to its operation, policies (including accounting or financial policies) or practices.

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