NEW YORK — Asher B. Edelman was named chairman of Datapoint Corp. as part of an agreement Friday between the New York investor and Datapoint to restructure the computer maker's board of directors.
As part of the agreement, Harold E. O'Kelley resigned as chairman, chief executive and a director of Datapoint.
The agreement was a major victory for dissident Edelman, a 45-year-old financier who has been seeking control of the San Antonio-based company for the past few months.
The agreement calls for Datapoint to have a 12-member board that includes six present Datapoint directors, Edelman and five of his designees. Edelman is scheduled to officially become chairman March 22.
Edward P. Gistaro, currently Datapoint's president and chief operating officer, was named chief executive and will remain a director.
Three months ago, Edelman disclosed that he owned more than 8% of Datapoint's shares, and a month later he offered $23 a share, or $416.3 million, to acquire the company. Datapoint rejected the offer but began inviting takeover proposals from other interested parties.