13D Filing: Wynnefield Capital and Telos Corp (TLSRP)

This Amendment No.
19 (the “Amendment”) amends the Statement of Beneficial Ownership on Schedule 13D, originally filed with the Securities
and Exchange Commission (the “Commission”) on June 24, 1997, as amended by Amendment No. 1 filed on June 22, 1998; as
further amended by Amendment No. 2 filed on December 18, 2003; as further amended by Amendment No. 3 filed on April 21, 2004;
as further amended by Amendment No. 4 filed on April 1, 2005; as further amended by Amendment No. 5 filed on May 9, 2005; as further
amended by Amendment No. 6 filed on February 9, 2006; as further amended by Amendment No. 7 filed on June 5, 2006; as further
amended by Amendment No. 8 filed on February 12, 2007; as further amended by Amendment No. 9 filed on February 21, 2007; as further
amended by Amendment No. 10 filed on February 27, 2007; as further amended by Amendment No. 11 filed on August 15, 2013; as further
amended by Amendment No. 12 filed on October 30, 2013; as further amended by Amendment No. 13 filed on November 27, 2013; as further
amended by Amendment No. 14 filed on May 12, 2014; as further amended by Amendment No. 15 filed on June 4, 2014; as further amended
by Amendment No. 16 filed on July 20, 2015; as further amended by Amendment No. 17 filed on November 17, 2015; and as further
amended by Amendment No. 18 filed on March 9, 2018 (collectively, the “Wynnefield Schedule 13D”), filed by Wynnefield
Partners Small Cap Value, L.P. (the “Partnership”), Wynnefield Small Cap Value Offshore Fund, Ltd. (the “Fund”),
Wynnefield Partners Small Cap Value, L.P. I (the “Partnership-I”), Wynnefield Capital Management, LLC (“WCM”),
Wynnefield Capital, Inc. (“WCI” or “Wynnefield Capital”), the Wynnefield Capital, Inc. Profit Sharing Plan
(the “Plan”), Nelson Obus (“Mr. Obus”) and Joshua Landes (“Mr. Landes” and, collectively with the
Partnership, the Fund, the Partnership-I, WCM, WCI, the Plan and Mr. Obus the “Wynnefield Reporting Persons”), with
respect to the shares of 12% Cumulative Exchangeable Redeemable Preferred Stock, par value $0.01 per share (the “Preferred
Shares”, “Preferred Stock” or “TLSRP”), of Telos Corporation, a Maryland corporation with its principal
executive offices located at 19886 Ashburn Road, Ashburn, Virginia 20147-2358 (“Telos”, the “Company”
or the “Issuer”). All defined terms refer to terms defined herein or in the Wynnefield Schedule 13D. The information
contained in this Amendment is as of the date hereof, unless otherwise expressly provided herein.

This Amendment No.
19 amends Item 4 as set forth below.