13D Filing: Fundamental Global Investors, LLC and Relm Wireless Corp (RWC)

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CUSIP No. 759525108 13D

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This Amendment No.
10 to Statement of Beneficial Ownership on Schedule 13D (this “Amendment No. 10”) amends the Statement of Beneficial
Ownership on Schedule 13D filed by the Reporting Persons on September 3, 2014, as amended (the “Schedule 13D” or this
“Statement”), with respect to the Common Stock, par value $0.60 per share (the “Common Stock”), of RELM
Wireless Corporation, a Nevada corporation (the “Company”). Capitalized terms used but not defined in this Amendment
No. 10 shall have the meanings set forth in the Schedule 13D. Except as amended and supplemented by this Amendment No. 10, the
Schedule 13D remains unchanged.

Item 2. Identity and Background.

This Statement is filed
by (i) Fundamental Global Partners, LP, a Delaware limited partnership (“FGPP”), (ii) Fundamental Global Partners Master
Fund, LP, a Cayman Islands exempted limited partnership (“FGPM”), (iii) Fundamental Global Holdings, LP, a Delaware
limited partnership (“FGHP”), (iv) FGI Global Asset Allocation Master Fund, LP, a Cayman Islands exempted limited partnership
(“FGGM”), (v) Fundamental Activist Fund I, LP, a Delaware limited partnership (“FAFI”), (vi) Fundamental
Global Investors, LLC, a North Carolina limited liability company, (vii) FGI Funds Management, LLC, a Florida limited liability
company, (viii) CWA Asset Management Group, LLC (doing business as “Capital Wealth Advisors”), a Florida limited liability
company (“CWA”), (ix) Mr. Joseph H. Moglia, (x) Mr. D. Kyle Cerminara, (xi) Mr. Lewis M. Johnson, and (xii) Ballantyne
Strong, Inc., a Delaware corporation (“BTN”).

The foregoing entities
and persons are sometimes referred to herein as a “Reporting Person” and collectively as the “Reporting Persons.”
The Reporting Persons are filing this Statement jointly. Neither the fact of this filing nor anything contained herein shall be
deemed to be an admission by any of the Reporting Persons that they constitute a “group.”

The principal business
of each of FGPM, FGHP, FGGM and FAFI is serving as a private investment fund. The principal business of FGPP is serving as a private
investment fund that serves as a feeder fund to FGPM. The principal business of Fundamental Global Investors, LLC is to serve as
a registered investment advisor. The principal business of FGI Funds Management, LLC is to provide investment advisory services,
including to FGPP, FGPM, FGHP, FGGM and FAFI, as the relying advisor to Fundamental Global Investors LLC. The principal business
of CWA is to provide wealth management, estate planning and family office services to individual investors. Fundamental Global
Investors, LLC owns 50% of CWA. The principal occupation of Mr. Moglia is serving as Chairman of TD Ameritrade, Head Football Coach
for Coastal Carolina University, and Chairman of Fundamental Global Investors, LLC. The principal occupation of Mr. Cerminara is
serving as an investment manager and advisor, and Mr. Cerminara is also the Chief Executive Officer and Chairman of the Board of
Directors of BTN. The principal occupation of Mr. Johnson is serving as an investment manager and advisor. Each of Messrs. Moglia,
Cerminara and Johnson is a U.S. citizen.

The business address
of each of FGPP, Fundamental Global Investors, LLC and Mr. Moglia is 4201 Congress Street, Suite 140, Charlotte, North Carolina
28209. The business address of FGPM and FGGM is c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, Grand Cayman,
KY1-1104 Cayman Islands. The business address of each of FGHP, FAFI, FGI Funds Management, LLC and CWA is 9130 Galleria Court,
Third Floor, Naples, Florida 34109. The business addresses for Mr. Cerminara are c/o Fundamental Global Investors, LLC, 4201 Congress
Street, Suite 140, Charlotte, North Carolina 28209; c/o Ballantyne Strong, Inc., 11422 Miracle Hills Drive, Suite 300, Omaha, Nebraska
68154; and 131 Plantation Ridge Dr., Suite 100, Mooresville, North Carolina 28117. The business addresses for Mr. Johnson are c/o
CWA Asset Management Group, LLC, 9130 Galleria Court, Third Floor, Naples, Florida 34109 and c/o Fundamental Global Investors,
LLC, 4201 Congress Street, Suite 140, Charlotte, North Carolina 28209.

Mr. D. Kyle Cerminara
is the Chief Executive Officer, Partner and Manager of Fundamental Global Investors, LLC and the Chief Executive Officer and Chairman
of the Board of Directors of BTN. Mr. Lewis M. Johnson is the President, Partner and Manager of Fundamental Global Investors, LLC.
Mr. Joseph H. Moglia is Chairman and Partner of Fundamental Global Investors, LLC. Messrs. Cerminara and Johnson are the Managers
of FGI Funds Management, LLC and Co-Chief Investment Officers of CWA. Messrs. Cerminara and Johnson are also members of the Board
of Directors of the Company.

Bill Beynon, Blaine
Ferguson, and Messrs. Cerminara and Johnson are managers of CWA. Each of these individuals is a U.S. citizen. Messrs. Beynon and
Ferguson are the co-founders of CWA, and their principal occupations are serving as managers of CWA. Their business address is
c/o CWA Asset Management Group, LLC, 9130 Galleria Court, Third Floor, Naples, Florida 34109.

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