US Market News
2週前
The LGL Group, Inc. Announces Terms of Subscription Rights OfferingMay 22, 2026 4:30 PM
NewsfileOrlando, Florida--(Newsfile Corp. - May 22, 2026) - (May 22, 2026) The LGL Group, Inc. (NYSE American: LGL) (NYSE American: LGL WS) ("LGL Group" or the "Company") today announced the terms of its previously announced transferable subscription rights offering (the "Rights Offering").The transferable subscription rights (each, a "Right" and, collectively, the "Rights") are being issued with the following features:One Right to purchase one share of the Company's common stock, par value $0.01 per share ("Common Stock");Record date of 5:00 p.m., Eastern Time, on June 4, 2026 (the "Record Date");Rights will trade on the NYSE American under symbol "LGL RT" and are transferable;Regular-way trading begins on June 8, 2026, and trading ceases at market close on June 22, 2026, unless extended;Rights will expire on June 23, 2026 at 5:00 p.m., Eastern Time, unless extended; andRights Offering, if fully subscribed, will raise approximately $44.6 million.Pursuant to the Rights Offering, the Company intends to distribute, at no charge, transferable Rights to holders of record of the Company's Common Stock, as of the Record Date, to purchase up to an aggregate 6,540,435 shares of the Company's Common Stock. Each common stockholder as of the Record Date will receive one (1) Right for each share of Common Stock owned as of the record date (the "Rights Offering"). One (1) Right can be exercised to purchase one (1) share of Common Stock at a subscription price that has yet to be determined. The subscription price is expected to be equal to the greater of: (i) a discount of not less than 1% and not more than 5% to the average of the daily volume-weighted average prices ("VWAP") of the Common Stock over the thirty (30) consecutive trading days ending on and including the day prior to the Record Date (or June 3, 2026); or (ii) $6.81, the Company's book value attributable to LGL Group common stockholders per share as of March 31, 2026. The Company intends for the Rights to be listed for trading during the subscription period on the NYSE American. Proceeds from the Rights Offering may be used to advance a broader defense technology and resilient infrastructure strategy, including opportunities related to precision timing and frequency and adjacent critical technologies.Each Rights holder that is a stockholder of record as of the Record Date and that exercises in full its basic subscription right may also subscribe for any shares of Common Stock that remain unsubscribed at the expiration of the Rights Offering, subject to certain limitations (the "over-subscription privilege"). If aggregate subscriptions (basic subscriptions plus over-subscriptions) exceed the number of shares of Common Stock offered in the Rights Offering, then shares available pursuant to the over-subscription privilege will be allocated among Rights holders exercising their respective over-subscription privileges, subject to availability and proration. Rights acquired in the secondary market will not be entitled to participate in the over-subscription privilege.Assuming the Rights Offering is fully subscribed, the Company currently expects the gross proceeds of the Rights Offering to be approximately $44.6 million.Trading in the Rights on NYSE American is expected to begin on a "when-issued basis" under symbol "LGL RTWI" on or about June 3, 2026. Trading in the Rights on the NYSE American is expected to begin on a "regular way" basis on or about June 8, 2026, under the symbol "LGL RT" and continue until the close of trading on NYSE American on June 22, 2026 (or, if the Rights Offering is extended, on the business day immediately prior to the extended expiration date). The Rights Offering is currently expected to commence promptly after the Record Date and to expire at 5:00 p.m., Eastern Time, on June 23, 2026, unless extended by the Company. The Company may extend the expiration date for any reason and for up to 30 days at the discretion of the Company's Board of Directors.Rights holders may exercise their Rights pursuant to the terms of a subscription rights certificate, the form of which was included as an exhibit to the Company's registration statement on Form S-1 (File No. 333-295925) (the "Registration Statement") initially filed with the U.S. Securities and Exchange Commission (the "SEC") on May 14, 2026.About The LGL Group, Inc.The LGL Group, Inc. ("LGL," "LGL Group," or the "Company") is a holding company engaged in services, merchant investment and manufacturing business activities. Precise Time and Frequency, LLC ("PTF") is a globally positioned producer of industrial Electronic Instruments and commercial products and services. Founded in 2002, PTF operates from our design and manufacturing facility in Wakefield, Massachusetts. Lynch Capital International LLC is focused on the development of value through investments.LGL Group was incorporated in 1928 under the laws of the State of Indiana, and in 2007, the Company was reincorporated under the laws of the State of Delaware as The LGL Group, Inc. The Company maintain its executive offices at 2525 Shader Road, Orlando, Florida 32804. Its telephone number is (407) 298-2000 and our Internet address is www.lglgroup.com. LGL Group common stock is traded on the NYSE American under the symbol "LGL."LGL Group's business strategy is primarily focused on growth through expanding new and existing operations across diversified industries. The Company's engineering and design origins date back to the early 1900s. In 1917, Lynch Glass Machinery Company ("Lynch Glass"), the predecessor of LGL Group, was formed and emerged in the late 1920s as a successful manufacturer of glass-forming machinery. Lynch Glass was then renamed Lynch Corporation ("Lynch") and was incorporated in 1928 under the laws of the State of Indiana. In 1946, Lynch was listed on the "New York Curb Exchange," the predecessor to the NYSE American. The Company has a had a long history of owning and operating various businesses in the precision engineering, manufacturing, and services sectors.Cautionary Note Concerning Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, such as those pertaining to the Company's plans, goals, objectives, outlook, expectations and intentions with respect to the proposed Rights Offering, including the anticipated size, timing, subscription price, proceeds and use of such proceeds thereof. All statements other than statements of current or historical fact contained in this press release are forward-looking statements. The words "believe," "expect," "anticipate," "should," "plan," "will," "may," "could," "intend," "estimate," "predict," "potential," "continue" or the negative of these terms and similar expressions, as they relate to LGL Group, are intended to identify forward-looking statements.These forward-looking statements are based on current expectations and projections about future events and financial trends that may affect the financial condition, results of operations, business strategy and financial needs of the Company. They can be affected by inaccurate assumptions, including the risks, uncertainties and assumptions described in the filings made by LGL Group with the SEC, including those risks set forth under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 as filed with the SEC on March 30, 2026 and subsequent filings with the SEC. In light of these risks, uncertainties and assumptions, the forward-looking statements in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. When you consider these forward-looking statements, you should keep in mind these risk factors and other cautionary statements in this press release.These forward-looking statements speak only as of the date of this press release. LGL Group undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.No Offer or SolicitationThis press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The Rights Offering is being conducted pursuant to the Registration Statement, including the prospectus forming a part thereof. The Registration Statement has not yet been declared effective by the SEC. No sale of the Rights or the shares of Common Stock issuable upon exercise of the Rights may occur, nor may offers to buy be accepted, prior to the time the Registration Statement becomes effective. Additional information regarding the Rights Offering will be set forth in a final prospectus to be filed with the SEC pursuant to Rule 424(b)(3) under the Securities Act of 1933, as amended, following effectiveness of the Registration Statement. Stockholders should read the prospectus carefully, including the risk factors included and incorporated by reference therein, when available. This press release contains only a summary of certain terms of the Rights Offering. Investors should carefully review the subscription rights certificate and related offering materials, when available, as they will contain important information regarding the Rights Offering and the Rights.###Contact:The LGL Group, Inc.
info@lglgroup.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/298528 Original: The LGL Group, Inc. Announces Terms of Subscription Rights Offering
US Market News
4週前
The LGL Group, Inc. Announces Subscription Rights OfferingMay 11, 2026 5:00 PM
NewsfileOrlando, Florida--(Newsfile Corp. - May 11, 2026) - The LGL Group, Inc. (NYSE American: LGL) ("LGL Group" or the "Company") today announced an offering of subscription rights to raise capital to advance a broad defense technology and resilient infrastructure strategy.The Company's Board of Directors today announced its intention to distribute transferable subscription rights (the "Rights") to purchase shares of the Company's common stock, par value $0.01 (the "Common Stock"), which entitles stockholders to receive one (1) subscription right for each share of Common Stock as of the record date (the "Rights Offering"). One (1) Right can be exercised to purchase one (1) share of Common Stock at a subscription price that has yet to be determined. Based on the terms currently under consideration, the subscription price is expected to equal the greater of: (i) a discount of not less than 1% and not more than 5% to the average of the daily volume-weighted average prices ("VWAP") of our Common Stock over the thirty (30) consecutive trading days ending on the pricing date; or (ii) $6.81, the Company's book value attributable to LGL Group common stockholders per share as of March 31, 2026. The Company intends for the Rights to be transferable on the NYSE American.Each Rights holder who is a stockholder of record as of the record date and exercises its full basic subscription rights may also subscribe for any shares of Common Stock that remain unsubscribed at the expiration of the Rights Offering, subject to certain limitations (the "over-subscription privilege"). If the aggregate subscriptions (basic subscriptions plus over-subscriptions) exceed the amount offered in the Rights Offering, then the aggregate over-subscription amount will be pro-rated among the Company stockholders exercising their respective over-subscription privileges based on the number of shares of Common Stock each Rights holder requested in the over-subscription privilege. Rights acquired in the secondary market may not participate in the over-subscription privilege.The Company intends to file a Form S-1 registration statement with the Securities and Exchange Commission to register the securities issued in this transaction. The commencement of the Rights Offering will occur promptly following the effectiveness of that registration statement. The Company plans to announce additional information regarding the Rights Offering at the time it files the prospectus."We intend to use the capital raised in the rights offering to support our efforts to continue to increase earnings and stockholder return while preserving a pro rata participation opportunity for all stockholders," stated Jason D. Lamb, LGL Group Chief Executive Officer. "Consistent with recent public statements by our management, we may use proceeds to advance a broader defense technology and resilient infrastructure strategy, including opportunities related to precision timing and frequency and adjacent critical technologies."About The LGL Group, Inc.The LGL Group, Inc. ("LGL Group" or the "Company") is a holding company engaged in services, merchant investment and manufacturing business activities. Precise Time and Frequency, LLC ("PTF") is a globally positioned producer of industrial Electronic Instruments and commercial products and services. Founded in 2002, PTF operates from our design and manufacturing facility in Wakefield, Massachusetts. Lynch Capital International LLC is focused on the development of value through investments.LGL Group was incorporated in 1928 under the laws of the State of Indiana, and in 2007, the Company was reincorporated under the laws of the State of Delaware as The LGL Group, Inc. The Company maintains its executive offices at 2525 Shader Road, Orlando, Florida 32804. The Company's telephone number is (407) 298-2000 and its internet address is www.lglgroup.com. LGL Group common stock is traded on the NYSE American under the symbol "LGL."LGL Group's business strategy is primarily focused on growth through expanding new and existing operations across diversified industries. The Company's engineering and design origins date back to the early 1900s. In 1917, Lynch Glass Machinery Company ("Lynch Glass"), the predecessor of LGL Group, was formed and emerged in the late 1920s as a successful manufacturer of glass-forming machinery. Lynch Glass was then renamed Lynch Corporation ("Lynch") and was incorporated in 1928 under the laws of the State of Indiana. In 1946, Lynch was listed on the "New York Curb Exchange," the predecessor to the NYSE American. The Company has a had a long history of owning and operating various businesses in the precision engineering, manufacturing, and services sectors.Cautionary Note Concerning Forward-Looking StatementsThis press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, such as those pertaining to the Company's financial condition, results of operations, business strategy and financial needs. All statements other than statements of current or historical fact contained in this press release are forward-looking statements. The words "believe," "expect," "anticipate," "should," "plan," "will," "may," "could," "intend," "estimate," "predict," "potential," "continue" or the negative of these terms and similar expressions, as they relate to LGL Group, are intended to identify forward-looking statements.These forward-looking statements are largely based on current expectations and projections about future events and financial trends that may affect the financial condition, results of operations, business strategy and financial needs of the Company. They can be affected by inaccurate assumptions, including the risks, uncertainties and assumptions described in the filings made by LGL Group with the Securities and Exchange Commission ("SEC"), including those risks set forth under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on March 30, 2026. In light of these risks, uncertainties and assumptions, the forward-looking statements in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. When you consider these forward-looking statements, you should keep in mind these risk factors and other cautionary statements in this press release.These forward-looking statements speak only as of the date of this press release. LGL Group undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. For these statements, LGL Group claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.No Offer or SolicitationThis press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A Form S-1 registration statement and prospectus describing the terms of the Rights Offering and the shares of Common Stock issuable upon exercise thereof will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Holders of the Common Stock should read the prospectus carefully, including the Risk Factors section included and incorporated by reference therein. This press release contains a general summary of the Rights Offering. Please read the prospectus, the subscription rights certificate and other materials that the Company files with the SEC when they become available as they will contain important information about the terms of the Rights Offering.###Contact:The LGL Group, Inc.
info@lglgroup.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297001 Original: The LGL Group, Inc. Announces Subscription Rights Offering
US Market News
4週前
The LGL Group, Inc. Reports First Quarter 2026 ResultsMay 11, 2026 4:50 PM
NewsfileRevenues increased 18.2% to $1,085,000 for the three months ended March 31, 2026 from $918,000 for the three months ended March 31, 2025Backlog increased $900,000, or 144.0%, to $1,525,000 as of March 31, 2026 from $625,000 as of December 31, 2025Cash and cash equivalents and marketable securities were $46.7 million as of March 31, 2026 compared to $41.6 million as of December 31, 2025Book value attributable to LGL Group common stockholders per share of $6.81 as of March 31, 2026 compared to $7.04 as of December 31, 2025 and $7.28 as of March 31, 2025Orlando, Florida--(Newsfile Corp. - May 11, 2026) - The LGL Group, Inc. (NYSE American: LGL) ("LGL," "LGL Group," or the "Company") announced today its financial results for the first quarter ended March 31, 2026."Precise time is the invisible infrastructure behind modern defense technology," said Jason Lamb, LGL Group Chief Executive Officer. "From space-based systems and electronic warfare to signals intelligence, targeting, secure communications, and networked command-and-control, these platforms depend on disciplined timing, synchronization, and frequency control to operate with accuracy, resilience, and trust. Through our ownership of Precise Time and Frequency, LLC, we believe we are positioned to build on that technical foundation, invest behind the business, and grow a technically differentiated platform serving mission-critical defense, aerospace, and communications applications."
As of and Three Months Ended March 31,
(in thousands, except share data) 2026 2025 % Change
U.S. GAAP Financial Measures
Revenues $1,085
$918
18.2
Gross margin
51.0%
52.4%
(2.6%)
Net loss $(622)
$(6)
(10,266.7%)
Net loss per diluted share
(0.10)
(0.00)
(8,556.9%)
Book value attributable to LGL Group common stockholders
44,535
39,233
13.5%
Book value attributable to LGL Group common stockholders per share
6.81
7.28
(6.5%)
Results from OperationsTotal revenues increased $167,000, or 18.2%, to $1,085,000 for the three months ended March 31, 2026 from $918,000 for the three months ended March 31, 2025 primarily due to higher shipments in the Electronic Instruments segment partially offset by lower investment income earned driven by lower yields on investments in U.S. Treasury money market funds.Net (loss) income available to LGL Group common stockholders was ($622,000) for the three months ended March 31, 2026 compared with ($6,000) for the three months ended March 31, 2025. The decrease was primarily due to non-cash incentive stock-based compensation granted to officers in January 2026, a slight decrease in net investment income, and higher materials and components costs partially offset by higher sales.Gross MarginGross margin was 51.0% for the three months ended March 31, 2026 compared to 52.4% for the three months ended March 31, 2025. The change in gross margins reflects higher costs of materials and components partially offset by higher revenues.BacklogAs of March 31, 2026, our order backlog was $1,525,000, an increase of $900,000, or 144.0%, from $625,000 as of December 31, 2025. The backlog of unfilled orders includes amounts based on purchase orders, which we have determined are firm orders likely to be fulfilled primarily in the next 12 months but most of the backlog will ship in the next 90 days.LiquidityOur working capital metrics were as follows:(in thousands) March 31, 2026 December 31, 2025Current assets $47,516
$46,324
Less: Current liabilities
1,211
915
Working capital $46,305
$45,409
As of March 31, 2026, LGL Group had investments (classified within Cash and cash equivalents and Marketable securities) with a fair value of $46.0 million, of which $25.9 million was held within the Merchant Investment business.Investor DayThe Company will host an Investor Day on Tuesday May 12, 2026, to provide shareholders, analysts and other stakeholders more detailed information on the Company's strategic direction, recent business developments and financial performance, and updates on strategic initiatives. Members of management will also be available to answer investor questions.The Investor Day will begin at 10:00 a.m. Eastern Time on Tuesday May 12, 2026 at the New York Stock Exchange, located at 11 Wall Street, New York, New York 10005.About The LGL Group, Inc.The LGL Group, Inc. ("LGL," "LGL Group," or the "Company") is a holding company engaged in services, merchant investment and manufacturing business activities. Precise Time and Frequency, LLC ("PTF") is a globally positioned producer of industrial Electronic Instruments and commercial products and services. Founded in 2002, PTF operates from our design and manufacturing facility in Wakefield, Massachusetts. Lynch Capital International LLC is focused on the development of value through investments.LGL Group was incorporated in 1928 under the laws of the State of Indiana, and in 2007, the Company was reincorporated under the laws of the State of Delaware as The LGL Group, Inc. We maintain our executive offices at 2525 Shader Road, Orlando, Florida 32804. Our telephone number is (407) 298-2000. Our Internet address is www.lglgroup.com. LGL Group common stock is traded on the NYSE American under the symbol "LGL".LGL Group's business strategy is primarily focused on growth through expanding new and existing operations across diversified industries. The Company's engineering and design origins date back to the early 1900s. In 1917, Lynch Glass Machinery Company ("Lynch Glass"), the predecessor of LGL Group, was formed and emerged in the late 1920s as a successful manufacturer of glass-forming machinery. Lynch Glass was then renamed Lynch Corporation ("Lynch") and was incorporated in 1928 under the laws of the State of Indiana. In 1946, Lynch was listed on the "New York Curb Exchange," the predecessor to the NYSE American. The Company has a had a long history of owning and operating various business in the precision engineering, manufacturing, and services sectors.Cautionary Note Concerning Forward-Looking StatementsThis press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, such as those pertaining to the Company's financial condition, results of operations, business strategy and financial needs. All statements other than statements of current or historical fact contained in this press release are forward-looking statements. The words "believe," "expect," "anticipate," "should," "plan," "will," "may," "could," "intend," "estimate," "predict," "potential," "continue" or the negative of these terms and similar expressions, as they relate to LGL Group, are intended to identify forward-looking statements.These forward-looking statements are largely based on current expectations and projections about future events and financial trends that may affect the financial condition, results of operations, business strategy and financial needs of the Company. They can be affected by inaccurate assumptions, including the risks, uncertainties and assumptions described in the filings made by LGL Group with the Securities and Exchange Commission ("SEC"), including those risks set forth under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 as filed with the SEC on March 30, 2026. In light of these risks, uncertainties and assumptions, the forward-looking statements in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. When you consider these forward-looking statements, you should keep in mind these risk factors and other cautionary statements in this press release.These forward-looking statements speak only as of the date of this press release. LGL Group undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.###Contact:The LGL Group, Inc.info@lglgroup.comThe LGL Group, Inc.
Consolidated Statements of Operations
(Unaudited)
Three Months Ended March 31,(in thousands, except share data) 2026 2025Revenues:
Net sales $682
$498
Net investment income
389
417
Net gains
14
3
Total revenues
1,085
918
Expenses:
Manufacturing cost of sales
334
237
Engineering, selling and administrative
1,536
640
Total expenses
1,870
877
(Loss) income before income taxes
(785)
41
Income tax (benefit) expense
(180)
28
Net (loss) income
(605)
13
Less: Net income attributable to non-controlling interests
17
19
Net loss attributable to LGL Group common stockholders $(622) $(6)
Loss per common share attributable to LGL Group common stockholders:
Basic $(0.10) $(0.00)Diluted $(0.10) $(0.00)
Weighted average shares outstanding:
Basic
6,410,166
5,352,937
Diluted
6,410,166
5,352,937
The LGL Group, Inc.
Consolidated Balance Sheets
(Unaudited)(in thousands) March 31, 2026 December 31, 2025Assets:
Current assets:
Cash and cash equivalents $46,646
$41,514
Marketable securities
50
36
Accounts receivable, net of reserves of $52 and $52, respectively
284
572
Inventories, net
278
297
Prepaid expenses and other current assets
258
3,905
Total current assets
47,516
46,324
Right-of-use lease assets
231
247
Intangible assets, net
9
15
Deferred income tax assets
367
190
Total assets $48,123
$46,776
Liabilities:
Total current liabilities
1,211
915
Non-current liabilities
283
296
Total liabilities
1,494
1,211
Stockholders' equity:
Total LGL Group stockholders' equity
44,535
43,488
Non-controlling interests
2,094
2,077
Total stockholders' equity
46,629
45,565
Total liabilities and stockholders' equity $48,123
$46,776
The LGL Group, Inc.
Segment Results
(Unaudited)
Three Months Ended March 31,
(in thousands) 2026 2025 $ Change % ChangeRevenues:
Electronic Instruments $682
$498
$184
36.9%Merchant Investment
223
247
(24)
(9.7%)Corporate
180
173
7
4.0%Total revenues
1,085
918
167
18.2%
Expenses:
Electronic Instruments
665
479
186
38.8%Merchant Investment
125
94
31
33.0%Corporate
1,080
304
776
255.3%Total expenses
1,870
877
993
113.2%
Income (loss) from operations before income taxes
Electronic Instruments
17
19
(2)
(10.5%)Merchant Investment
98
153
(55)
(35.9%)Corporate
(900)
(131)
(769)
(587.0%)(Loss) income from operations before income taxes
(785)
41
(826)
(2,014.6%)Income tax (benefit) expense
(180)
28
(208)
(742.9%)Net (loss) income
(605)
13
(618)
(4,753.8%)Less: Net income attributable to non-controlling interests
17
19
(2)
(10.5%)Net loss attributable to LGL Group common stockholders $(622) $(6) $(616)
(10,266.7%) To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296999 Original: The LGL Group, Inc. Reports First Quarter 2026 Results
US Market News
1月前
The LGL Group, Inc. Announces Details of Upcoming Investor Day on May 12, 2026May 5, 2026 5:22 PM
NewsfileOrlando, Florida--(Newsfile Corp. - May 5, 2026) - The LGL Group, Inc. (NYSE American: LGL) ("LGL Group" or the "Company") announced details for its previously announced Investor Day on Tuesday, May 12, 2026.The event will feature presentations from members of the Company's executive leadership team, who will provide an overview of LGL Group's strategy, operational priorities, and long-term growth initiatives. Management will also discuss recent business developments and financial performance, followed by a question-and-answer session.Event Details:Date: May 12, 2026 Time:10:00 a.m. - 11:30 a.m. ET Location: New York Stock Exchange 11 Wall Street New York, NY 10005 Investors and other parties interested in attending in person are encouraged to register in advance by completing the questionnaire at the following link as capacity is limited: RSVP.About The LGL Group, Inc.The LGL Group, Inc. ("LGL," "LGL Group," or the "Company") is a holding company engaged in services, merchant investment and manufacturing business activities. Precise Time and Frequency, LLC ("PTF") is a globally positioned producer of industrial Electronic Instruments and commercial products and services. Founded in 2002, PTF operates from our design and manufacturing facility in Wakefield, Massachusetts. Lynch Capital International LLC is focused on the development of value through investments.LGL Group was incorporated in 1928 under the laws of the State of Indiana, and in 2007, the Company was reincorporated under the laws of the State of Delaware as The LGL Group, Inc. We maintain our executive offices at 2525 Shader Road, Orlando, Florida 32804. Our telephone number is (407) 298-2000. Our Internet address is www.lglgroup.com. LGL Group common stock is traded on the NYSE American under the symbol "LGL."LGL Group's business strategy is primarily focused on growth through expanding new and existing operations across diversified industries. The Company's engineering and design origins date back to the early 1900s. In 1917, Lynch Glass Machinery Company ("Lynch Glass"), the predecessor of LGL Group, was formed and emerged in the late 1920s as a successful manufacturer of glassforming machinery. Lynch Glass was then renamed Lynch Corporation ("Lynch") and was incorporated in 1928 under the laws of the State of Indiana. In 1946, Lynch was listed on the "New York Curb Exchange," the predecessor to the NYSE American. The Company has a had a long history of owning and operating various businesses in the precision engineering, manufacturing, and services sectors.The LGL Group, Inc. Investor Relations
info@lglgroup.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/296034 Original: The LGL Group, Inc. Announces Details of Upcoming Investor Day on May 12, 2026
US Market News
2月前
The LGL Group, Inc. Announces 2026 Annual Meeting of Stockholders and Investor DayMarch 24, 2026 11:06 AM
NewsfileOrlando, Florida--(Newsfile Corp. - March 24, 2026) - The LGL Group, Inc. (NYSE American: LGL) ("LGL Group" or the "Company") today announced several matters to inform stockholders and investors as follows:2026 Annual Meeting of Stockholders to be held on Tuesday, May 12, 2026, at 8:30 a.m. ET at the Harvard Club of New York CityInvestor meeting to follow at 10:00 a.m. ET at the New York Stock ExchangeManagement to discuss plans to build a defense technology platform within LGL Group and the Company's partnership with Legion CapitalAnnual Meeting of StockholdersThe Board of Directors of LGL Group has determined that the Company's 2026 Annual Meeting of Stockholders (the "2026 Annual Meeting") will be held on Tuesday, May 12, 2026, at 8:30 a.m. ET at the Harvard Club of New York City, 35 West 44th Street, New York, New York 10036. Following the 2026 Annual Meeting, management will host an investor meeting at 10:00 a.m. ET at the New York Stock Exchange, 11 Wall Street, New York, New York 10005.Additional details regarding the 2026 Annual Meeting, including the record date, matters to be voted upon and attendance procedures, will be set forth in the Company's proxy materials. Investors interested in attending the investor meeting should contact the Company at info@lglgroup.com. Attendance will be subject to venue access limitations and applicable security procedures.Defense Technology Platform Strategy and Legion CapitalAt the investor meeting, management intends to discuss plans to build a defense technology platform within LGL Group through selective investments, acquisitions and connectivity partnerships. Management also intends to discuss the Company's partnership with Legion Capital, a new defense technology investment platform, and how that relationship may broaden sourcing, evaluation and strategic partnership opportunities across critical technologies supporting national security, defense and resilient infrastructure.The Company expects the discussion to focus on critical technologies supporting national security, defense and resilient infrastructure, with particular emphasis on precision time and frequency capabilities, disciplined capital allocation and the ability to identify emerging opportunities across a rapidly evolving defense technology landscape.Marc Gabelli, Executive Chairman of LGL Group, said, "Jason and the broader LGL Group team bring a rare combination of operator judgment, capital allocation discipline and national security insight. We believe that combination positions LGL Group to identify mission-relevant technologies early and help scale them with a long-term, shareholder-oriented mindset."The macro case for defense technology investment is becoming increasingly compelling. Allied defense budgets are expanding, procurement priorities are shifting toward resilient and software-enabled systems, and the need for secure supply chains and faster fielding continues to grow."Our partnership with Legion Capital is intended to widen our aperture at the right point in the cycle. As governments and industry commit more capital to modernization, we see a durable opportunity to back companies solving real mission needs across space, autonomy, electronic warfare, cyber resilience and other critical technologies.""The security environment has become more contested, more technologically dynamic and less forgiving of delay. From the battlefield lessons emerging in Europe to the persistent challenges in the Indo-Pacific and the protection of critical infrastructure at home, the demand for adaptable, mission-ready systems is accelerating," said Jason Lamb, Chief Executive Officer of LGL Group."Modern deterrence depends on resilient capabilities that can operate in denied or degraded environments. Precision timing, navigation, autonomy, electronic warfare, cyber defense and undersea systems are no longer niche priorities; they are foundational building blocks for national security and allied readiness," continued Mr. Lamb.About The LGL Group, Inc.The LGL Group, Inc. ("LGL," "LGL Group," or the "Company") is a holding company engaged in services, merchant investment and manufacturing business activities. Precise Time and Frequency, LLC ("PTF") is a globally positioned producer of industrial Electronic Instruments and commercial products and services. Founded in 2002, PTF operates from our design and manufacturing facility in Wakefield, Massachusetts. Lynch Capital International LLC is focused on the development of value through investments.LGL Group was incorporated in 1928 under the laws of the State of Indiana, and in 2007, the Company was reincorporated under the laws of the State of Delaware as The LGL Group, Inc. We maintain our executive offices at 2525 Shader Road, Orlando, Florida 32804. Our telephone number is (407) 298-2000. Our Internet address is www.lglgroup.com. LGL Group common stock is traded on the NYSE American under the symbol "LGL."LGL Group's business strategy is primarily focused on growth through expanding new and existing operations across diversified industries. The Company's engineering and design origins date back to the early 1900s. In 1917, Lynch Glass Machinery Company ("Lynch Glass"), the predecessor of LGL Group, was formed and emerged in the late 1920s as a successful manufacturer of glass-forming machinery. Lynch Glass was then renamed Lynch Corporation ("Lynch") and was incorporated in 1928 under the laws of the State of Indiana. In 1946, Lynch was listed on the "New York Curb Exchange," the predecessor to the NYSE American. The Company has a had a long history of owning and operating various businesses in the precision engineering, manufacturing, and services sectors.Cautionary Note Concerning Forward-Looking StatementsThis press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, such as those pertaining to the Company's financial condition, results of operations, business strategy and financial needs. All statements other than statements of current or historical fact contained in this press release are forward-looking statements. The words "believe," "expect," "anticipate," "should," "plan," "will," "may," "could," "intend," "estimate," "predict," "potential," "continue" or the negative of these terms and similar expressions, as they relate to LGL Group, are intended to identify forward-looking statements.These forward-looking statements are largely based on current expectations and projections about future events and financial trends that may affect the financial condition, results of operations, business strategy and financial needs of the Company. They can be affected by inaccurate assumptions, including the risks, uncertainties and assumptions described in the filings made by LGL Group with the Securities and Exchange Commission ("SEC"), including those risks set forth under the heading "Risk Factors" in the Company's most recent Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission. In light of these risks, uncertainties and assumptions, the forward-looking statements in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. When you consider these forward-looking statements, you should keep in mind these risk factors and other cautionary statements in this press release.These forward-looking statements speak only as of the date of this press release. LGL Group undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.###Contact:The LGL Group, Inc.
info@lglgroup.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/289697
Original: The LGL Group, Inc. Announces 2026 Annual Meeting of Stockholders and Investor Day