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BRIEF-Frequency reports agreement with Privet Fund and the addition of two new board members

Sept 13 Frequency Electronics Inc :

* Frequency Electronics announces agreement with Privet Fund and the addition of two new board members

* Reached an agreement with Privet Fund Lp, Privet Fund Management LLC and Ryan Levenson

* As part of foregoing arrangement, general Joseph P. Franklin has resigned from board

* Frequency Electronics Inc says frequency has expanded size of board from seven to eight directors

* Agreement between frequency and privet group contains customary standstill provisions.

* Appointed Levenson and general Lance Lord to board Source text for Eikon: Further company coverage:

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