<SEC-DOCUMENT>0001654954-20-007505.txt : 20200709
<SEC-HEADER>0001654954-20-007505.hdr.sgml : 20200709
<ACCEPTANCE-DATETIME>20200709165516
ACCESSION NUMBER:		0001654954-20-007505
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20200709
DATE AS OF CHANGE:		20200709
EFFECTIVENESS DATE:		20200709

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Zoom Telephonics, Inc.
		CENTRAL INDEX KEY:			0001467761
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE & TELEGRAPH APPARATUS [3661]
		IRS NUMBER:				042621506
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37649
		FILM NUMBER:		201020998

	BUSINESS ADDRESS:	
		STREET 1:		225 FRANKLIN STREET, 26TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		617-423-1072

	MAIL ADDRESS:	
		STREET 1:		225 FRANKLIN STREET, 26TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>zmtp_defa14a.htm
<DESCRIPTION>DEFA1A
<TEXT>
<html>
<head>
<!-- Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com -->
<!-- Copyright 2020 Issuer Direct Corporation -->
<title>Unassociated Document</title>
</head>
<body style="font-family: Times New Roman; font-size: 13px;">
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; width: 100%; height: 4px; background-color: #000000; margin-bottom: 6px"><font>&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; width: 100%; height: 1px; background-color: #000000; margin-bottom: 6px"><font>&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-weight: bold; font-size: 13px; font-family: Times New Roman">UNITED
STATES</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-weight: bold; font-size: 13px; font-family: Times New Roman">SECURITIES
AND EXCHANGE COMMISSION</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-weight: bold; font-size: 13px; font-family: Times New Roman">WASHINGTON,
D.C.&#xA0;&#xA0;20549</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
<div style="text-align: center; margin-left: auto; margin-right: auto; text-indent: 0px"><font style="font-weight: bold; font-size: 16px; font-family: Times New Roman">SCHEDULE
14A INFORMATION</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
<div style="text-align: center; margin-left: auto; margin-right: auto; text-indent: 0px"><font style="font-weight: bold; font-size: 13px; font-family: Times New Roman">Proxy
Statement Pursuant to Section 14(a) of the Securities Exchange Act
of 1934</font></div>
<div style="text-align: center; margin-left: auto; margin-right: auto; text-indent: 0px"><font>(Amendment No. __)</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman"><a name="tab2"><!--EFPlaceholder--></a>Filed by the Registrant&#xA0;&#xA0;
&#x2611;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Filed by a Party
other than the Registrant&#xA0;&#xA0; &#x2610;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Check the
appropriate box:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#x2610;&#xA0;
Preliminary Proxy Statement</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#x2610;&#xA0;
Confidential, For Use of the Commission Only (As Permitted by Rule
14a-6(e)(2))</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#x2610;&#xA0;
Definitive Proxy Statement</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#x2611;&#xA0;
Definitive Additional Materials</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#x2610;&#xA0;
Soliciting Material under Rule 14a-12</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
<div style="text-align: left; margin-left: auto; margin-right: auto;">
<table cellpadding="0" cellspacing="0" style="text-align: left; width: 45%; margin-left: auto; margin-right: auto; font-size: 13px; font-family: Times New Roman">
<tr>
<td style="width: 100%; border-bottom: 2px solid black">
<div style="text-align: center; margin-left: auto; margin-right: auto; text-indent: 0px"><font style="font-weight: bold; font-size: 16px; font-family: Times New Roman"><font style="font-weight: bold; font-family: Times New Roman; font-size: 24px">
ZOOM TELEPHONICS, INC.</font>&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 100%">
<div style="text-align: center; margin-left: auto; margin-right: auto; text-indent: 0px"><font style="font-style: italic; font-size: 13px; font-family: Times New Roman">
(Name of Registrant as Specified In Its Charter)</font></div>
</td>
</tr><tr>
<td style="width: 100%; border-bottom: 2px solid black">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 100%">
<div style="text-align: center; margin-left: auto; margin-right: auto; text-indent: 0px"><font style="font-style: italic; font-size: 13px; font-family: Times New Roman">
(Name of Person(s) Filing Proxy Statement, if other than the
Registrant)</font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Payment of Filing
Fee (Check the appropriate box):</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#x2611;&#xA0; No
fee required</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#x2610;&#xA0; Fee
computed on table below per Exchange Act Rules 14a-6(i)(1) and
0-11.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
<div style="text-align: left; margin-left: 60px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">(1)&#xA0;&#xA0;Title
of each class of securities to which transaction
applies:</font></div>
<div style="text-align: left; margin-left: 60px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">(2)&#xA0;&#xA0;Aggregate
number of securities to which transaction applies:</font></div>
<div style="text-align: left; margin-left: 84px; margin-right: 0px; text-indent: -24px"><font style="font-size: 13px; font-family: Times New Roman">(3)&#xA0;&#xA0;Per
unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule</font> <font style="font-size: 13px; font-family: Times New Roman">0-11 (set forth the
amount on which the filing fee is calculated and state how it
was&#xA0;determined):</font></div>
<div style="text-align: left; margin-left: 60px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">(4)&#xA0;&#xA0;Proposed
maximum aggregate value of transaction:</font></div>
<div style="text-align: left; margin-left: 60px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">(5)&#xA0;&#xA0;Total
fee paid:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#x2610;&#xA0; Fee
paid previously with preliminary materials.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">&#x2610;&#xA0; Check
box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting
fee was paid previously. Identify the previous filing by
registration statement number, or the form or schedule and the date
of its filing.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
<div style="text-align: left; margin-left: 60px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">(1)&#xA0;&#xA0;Amount
Previously Paid:</font></div>
<div style="text-align: left; margin-left: 60px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">(2)&#xA0;&#xA0;Form,
Schedule or Registration Statement No.:&#xA0;</font></div>
<div style="text-align: left; margin-left: 60px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">(3)&#xA0;&#xA0;Filing
Party:&#xA0;</font></div>
<div style="text-align: left; margin-left: 60px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">(4)&#xA0;&#xA0;Date
Filed:</font></div>
<div style="text-align: left; margin-left: 60px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;<br></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 8px; border-top: 1px solid #000000; border-bottom: 4px solid #000000">
<!--style footer--><br></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
<div id="pb" style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; break-after: page; width: 100%; height: 1px; background-color: rgb(255, 255, 255);">
<!--page break line--></div>
<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><img src="logo.jpg"></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
ZOOM TELEPHONICS, INC.</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">225
Franklin Street</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Boston,
MA 02110</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
SUPPLEMENT TO</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
NOTICE OF THE ANNUAL MEETING OF STOCKHOLDERS</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
AND PROXY STATEMENT</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
DATED JUNE 4, 2020</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
FOR THE ANNUAL MEETING OF STOCKHOLDERS</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
TO BE HELD ON JULY 17, 2020</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">This
supplement (the &#x201C;Supplement&#x201D;) provides updated
information with respect to the 2020 Annual Meeting of Stockholders
(the &#x201C;Annual Meeting&#x201D;) of Zoom Telephonics, Inc. (the
&#x201C;Company&#x201D;) to be held on July 17, 2020<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font>by
live webcast at www.virtualshareholdermeeting.com/ZMTP2020. The
meeting will be held in virtual format only and will begin at 10:00
a.m. Eastern Time.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">On June
4, 2020, the Company commenced distributing to its stockholders a
Notice of the Annual Meeting of Stockholders and&#xA0;Definitive
Proxy&#xA0;Statement (the &#x201C;Notice and Proxy Statement&#x201D;)
for the Annual Meeting. This Supplement, which describes a recent
change in the proposed nominees for election to the Board of
Directors (the &#x201C;Board&#x201D;) of the Company, should be read
in conjunction with the Notice and Proxy Statement.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Withdrawal of Nominee for Election as Director</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Jonathan Seelig,
who joined the Board in May 2019 and was included in the Notice
and&#xA0;Proxy Statement&#xA0;as a nominee
for&#xA0;re-election&#xA0;as a director at the Annual Meeting,
submitted his&#xA0;resignation&#xA0;from the Board on July 6, 2020.
Mr. Seelig was a member of the Nominating Committee of the Board
and, by resigning from the Board, also resigned from the Nominating
Committee. Mr. Seelig&#x2019;s resignation was not the result of any
disagreements with the Company on any matter relating to the
Company&#x2019;s operations, policies or practices. The Board
accepted Mr. Seelig&#x2019;s resignation on July 9,
2020.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Due to
his resignation, Mr. Seelig's name has been withdrawn from
nomination for re-election to the Board at the Annual Meeting. The
Board has determined that it will not nominate a replacement
Director for election at the Annual Meeting.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Proposed Change to Elect the Eight Remaining Director Nominees in
Proposal 1</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Pursuant to the
Company's By-Laws, the Board has reduced the number of Directors
that shall constitute the whole Board from nine to eight, effective
as of July 9, 2020. Pursuant to a stock purchase agreement with the
Company dated May 3, 2019 Zulu Holdings LLC, which is the
beneficial owner of 3,727,273 shares, or 17.4%, of the
Company&#x2019;s Common Stock as of May 22, 2020 and is indirectly
owned by the Company&#x2019;s Executive Chairman of the Board and
acting principal executive officer, Jeremy Hitchcock, and his
spouse, is entitled to designate a replacement director for Mr.
Seelig subject to the approval of such designee by a majority of
the independent directors of the Company. Zulu Holdings LLC has
reserved the right to designate a replacement director and it is
anticipated that, when a replacement director is designated and
approved by a majority of the Company&#x2019;s independent
directors, the Board will be expanded to consist again of nine
members and the designee will be elected to the Board.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Item 1
in the Notice and Proxy Statement now is a proposal to elect the
eight remaining director nominees named in the Proxy Statement to
hold office until the next annual meeting of
stockholders.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
<div id="pb" style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; page-break-after: always; width: 100%; height: 1px; background-color: #000000">
<!--page break line--></div>
<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
The Board Recommends that you Vote FOR each of the Eight Remaining
Director Nominees</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
Board unanimously recommends a vote for each of the eight director
nominees.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Voting Matters</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; font-style: italic; color: #000000">If you have
already voted, you do not need to take any action unless you wish
to change your vote.</font> <font style="color: #000000">Proxy
voting forms already returned by stockholders will remain valid and
will be voted at the Annual Meeting unless
revoked.</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Shares
represented by proxy voting forms before the Annual Meeting will be
voted for the directors nominated by the Board as instructed on the
form, except that votes will not be cast for Mr. Seelig because he
has resigned from the Board and is no longer standing
for&#xA0;re-election.&#xA0;If you have not yet voted, please
complete the proxy voting form or submit your voting instructions,
disregarding Mr. Seelig&#x2019;s name as a nominee for election as
director.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">None
of the other agenda items presented in the Notice and Proxy
Statement are affected by this Supplement, and shares represented
by proxy voting forms returned before the Annual Meeting will be
voted with respect to all other matters properly brought before the
Annual Meeting as instructed on the form.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Information
regarding how to vote your shares, or revoke your proxy or voting
instructions, is available in the Notice and Proxy
Statement.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;<br></font></div>
<div>
<table cellpadding="0" cellspacing="0" style="font-family: inherit; font-size: inherit; margin-right:0px;width:100%;margin-left:0px;">
<tr>
<td rowspan="1" style="width: 50%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td colspan="2" rowspan="1" style="vertical-align: bottom; width: 38%;">
<div><font style="color: #000000; font-family: Times New Roman; font-size: 13px">BY
ORDER OF THE BOARD OF DIRECTORS</font></div>
</td>
<td rowspan="1" style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 35%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 50%; border-bottom: medium solid rgb(255, 255, 255);">
<br></td>
<td style="vertical-align: top; width: 3%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">By:&#xA0;&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 35%; border-bottom: 2px solid black; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/ <font style="color: #000000; font-family: Times New Roman; font-size: 13px">Jacquelyn
Barry Hamilton</font> &#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 12%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 35%; white-space: nowrap;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">Jacquelyn
Barry Hamilton</font></td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr><tr>
<td style="width: 50%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 35%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">Chief
Financial Officer</font></font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;<br>
</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Boston, Massachusetts</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
July 9, 2020</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR
THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON JULY 17,
2020</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-size: 13px; font-family: Times New Roman">Zoom
Telephonic, Inc.&#x2019;s Notice of the Annual Meeting, Proxy
Statement, Form of Proxy, and Annual Report to Stockholders for the
fiscal year ended December 31, 2019, as well as this Proxy
Statement Supplement dated July 9, 2020, are available, free of
charge, at www.proxyvote.com. You will need to input the Control
Number located on the proxy card or notice of internet availability
of proxy materials when accessing these documents. A separate
notice of internet availability of such proxy materials was first
sent to our stockholders on or around June 4, 2020. Stockholders
may access these materials and vote over the internet or request
delivery of a full set of materials by mail or email. If you
receive the separate notice of internet availability of proxy
materials, you will not receive a paper or email copy of the proxy
materials unless you request one in the manner set forth in the
notice.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font>&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
<div id="pb" style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; page-break-after: always; width: 100%; height: 2px; background-color: #000000">
<!--page break--></div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>logo.jpg
<DESCRIPTION>IMAGE
<TEXT>
begin 644 logo.jpg
M_]C_X  02D9)1@ ! 0$ > !X  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1" !3 %,# 2(  A$! Q$!_\0
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M<<>9YQ7B?[*X>P<:%.6U.A!*37]^:2;7?X86W74]Y9MJY/ '))[5\I_M9?\
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MCL[6V2U2YD$*C2V953<<!62"4,N.AWDD8)VDE05]DT4 ?S6_\.D_V?/^B?\
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6['\L2^7QM'&W''(HHH _8>BBB@#_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
