REMEC, Inc. was incorporated in California in January 1983.  In 2005, shareholders approved the liquidation and dissolution of REMEC, Inc. pursuant to a Plan of Complete Liquidation and Dissolution, intended to allow for the orderly disposition of the Company’s remaining assets and liabilities. On November 16, 2010, pursuant to the Plan of Dissolution, REMEC, Inc. and Richard A. Sackett, as Trustee, entered into a Liquidating Trust Agreement for the creation and operation of the REMEC Liquidating Trust. The REMEC Liquidating Trust commenced operating on January 1, 2011. 

The purpose of the REMEC Liquidating Trust was to complete the winding-up of the affairs of REMEC, Inc. and distribute the proceeds thereof to the holders of beneficial interests in the Trust.

Effective October 1, 2012, the Trust made its sole (since its inception on January 1, 2011) and final liquidating distribution to the Beneficiaries in the total amount of $2,894,971.84, or $0.0964 per Beneficial Unit (each such unit being equal to one share of the former common stock of REMEC, Inc.). With this final distribution, the Trust completed its sole purpose, which was to complete the winding-up of the affairs of REMEC, Inc. and to distribute the proceeds therefrom to the Beneficiaries. The Trustee has paid all remaining liabilities, costs and expenses of the Trust. As such, the Trustee terminated the Trust effective on November 30, 2012.