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WSTL on NASDAQ

Westell Technologies, Inc.

Logo: https://www.westell.com/news-media, Non-free logo, via Wikipedia5

Modem and Electronics Manufacturer

Westell Technologies, Inc. is an Aurora, Illinois company that provides telecommunications equipment for in-building wireless, intelligent site management, cell site optimization, and outside plant solutions. Westell was the last company to manufacture DSL modems in the United States; however, on May 21, 2007, Westell announced plans to outsource manufacturing.3 Its shares trade on NASDAQ under the symbol WSTL.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1980Founded1

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  • TickerWSTL on NASDAQ1
  • Industrytelecommunications industry1
  • HeadquartersAurora1
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address750 N Commons Drive, Aurora, Il 605046
  • Filer categoryNon-accelerated filer, Smaller reporting company6
  • LEI549300WTJLBT4TW62Z094
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 9018504

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Westell Technologies, Inc. is an Aurora, Illinois company that provides telecommunications equipment for in-building wireless, intelligent site management, cell site optimization, and outside plant solutions. Westell was the last company to manufacture DSL modems in the United States; however, on May 21, 2007, Westell announced plans to outsource manufacturing.3

What it owns

What Westell Technologies, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$672.0K8 Mar 31, 2021$672.0K8 Mar 31, 20200%
Machinery and equipment$1.4M8 Mar 31, 2021$1.4M8 Mar 31, 2020+1.1%
Furniture and fixtures$4.8M8 Mar 31, 2021$5.1M8 Mar 31, 2020−6.0%
Leasehold improvements$788.0K8 Mar 31, 2021$788.0K8 Mar 31, 20200%
Property and equipment, before depreciation$7.7M8 Mar 31, 2021$8.0M8 Mar 31, 2020−3.7%
Accumulated depreciation$6.8M8 Mar 31, 2021$6.9M8 Mar 31, 2020−1.9%
Property and equipment, net$915.0K8 Mar 31, 2021$1.1M8 Mar 31, 2020−15.0%
Operating-lease assets (leased space)$2.4M8 Mar 31, 2021$628.0K8 Mar 31, 2020+289.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$16.9M8 Mar 31, 2021$20.9M8 Mar 31, 2020−19.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$73.9M8 Mar 31, 2021$73.9M8 Mar 31, 20200%
Accumulated amortization$72.8M8 Mar 31, 2021$71.2M8 Mar 31, 2020+2.2%
Finite-lived intangibles, net$1.1M8 Mar 31, 2021$2.7M8 Mar 31, 2020−58.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$4.9M8 Mar 31, 2021$6.8M8 Mar 31, 2020−27.4%
Raw materials$1.5M8 Mar 31, 2021$2.2M8 Mar 31, 2020−31.6%
Finished goods$3.4M8 Mar 31, 2021$4.6M8 Mar 31, 2020−25.5%

The story

Westell was founded in October 1980 in Willowbrook, Illinois, and initially produced electronic equipment used for signaling and transmission on telephone lines leased to private customers.

Clinton Penny, who had previously founded Wescom Switching, founded Westell.

Beginning in 1992, Westell began developing ADSL products. By the time of its initial public offering (IPO) in 1995, Westell was a prominent DSLAM manufacturer. The company moved out of this business in the wake of the stock market downturn of 2002, and then focused primarily on manufacturing cell site optimization equipment, Ethernet connectivity products, intelligent site management and a series of outdoor enclosure and cabinets.

In 2013, Westell acquired Kentrox Inc., a Dublin-based site management services company, for $30 million.

From Wikipedia’s article on Westell, shared under CC BY-SA 4.0.7

Leadership

Who has led Westell Technologies, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Thomas E. Mader2007
  2. Bernard F. Sergesketter2008–2009
  3. Richard S. Gilbert2009–2014
  4. Timothy J. Reedy2010–2011
  5. John Thomas Gruenwald2015–2016
  6. Kirk R. Brannock2016–2018
  7. Matthew B. Brady2017
  8. Alfred S. John2018–2019
  9. Timothy L. Duitsman2019–2020

Chair

  1. John Thomas Gruenwald2015–2016

President

  1. Thomas E. Mader2007
  2. Timothy J. Reedy2011
  3. Naveed H. Bandukwala2014
  4. John Thomas Gruenwald2015–2016
  5. Scott T. Goodrich2015
  6. Kirk R. Brannock2016–2018
  7. Matthew B. Brady2017
  8. Alfred S. John2018–2019
  9. Timothy L. Duitsman2019–2020

Chief financial officer

  1. Nicholas C. Hindman Sr.2006
  2. Amy T. Forster2008–2013
  3. Brian S. Cooper2009–2013
  4. Thomas P. Minichiello2013–2019
  5. Jeniffer L. Jaynes2019–2020

Chief operating officer

  1. Nicholas C. Hindman Sr.2007
  2. Richard S. Cremona2013–2014
1990200020102020
Board members and other officers (41)

Timeline

  1. Sep 3, 2019New chief executive Timothy L. Duitsman becomes CEO9
  2. May 22, 2018New chief executive Alfred S. John becomes CEO10
  3. Jul 18, 2017New chief executive Matthew B. Brady becomes CEO11
  4. Oct 19, 2016New chief executive Kirk R. Brannock becomes CEO12
  5. Feb 12, 2015New chief executive John Thomas Gruenwald becomes CEO13
  6. Apr 15, 2010New chief executive Timothy J. Reedy becomes CEO14
  7. Feb 25, 2009New chief executive Richard S. Gilbert becomes CEO15
  8. Jul 10, 2008New chief executive Bernard F. Sergesketter becomes CEO16
  9. Jan 31, 2007New chief executive Thomas E. Mader becomes CEO17
  10. Dec 1, 1995Went public Listed on NASDAQ1
  11. 1980Founded Founded1

SEC filer profile

How Westell Technologies, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARWESTELL TECHNOLOGIES INC2
  • CIK0001002135
  • Employer ID (EIN)36-31549572
  • Filer statusNon-accelerated filer<br>smaller reporting company2
  • Incorporated inDelaware2
  • Fiscal year endsMarch 312
  • Industry code (SIC)3661 Telephone & Telegraph Apparatus2
  • Business address750 N Commons Drive, Aurora, IL 605042
  • Mailing address750 North Commons Drive, Aurora, IL 605042
  • Phone63089825002
  • Public float$14.0M as of Sep 30, 20208
  • On EDGAR sinceMay 31, 19962
  • Filings1,029 in all: 4 (393), 8-K (201), SC 13G/A (86), 10-Q (75), 3 (45), SC 13G (27), DEF 14A (26), 10-K (25)2
    All 45 form types

    DEFA14A (15), 10-K/A (14), UPLOAD (13), SC 13D/A (11), S-3/A (10), CORRESP (9), 10-Q/A (8), ARS (8), SD (7), S-8 (6), PRE 14A (5), S-3 (5), 4/A (4), 8-K/A (4), 5 (3), S-8 POS (3), SC 13E3/A (3), EFFECT (2), NT 10-K (2), POS AM (2), 10-K405 (1), 10-K405/A (1), 15-12G (1), 25 (1), 424B1 (1), 424B2 (1), DEF 14C (1), DEFR14A (1), NT 10-Q (1), POS EX (1), PRER14A (1), S-1 (1), S-1/A (1), S-4 (1), S-4/A (1), SC 13D (1), SC 13E3 (1)

  • Latest filingsAnnual report (10-K) May 21, 2021
    Quarterly report (10-Q) Feb 12, 2021
    Proxy statement (DEF 14A) Aug 11, 2020
    Latest 8-K (8-K) Mar 19, 2021

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