{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-018197","form_type":"8-K/A","ticker":"LGL","cik":"0000061004","company_name":"LGL GROUP INC","filed_at":"2023-06-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.915042+00:00","generated_at":"2026-06-13T18:34:17.409394+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"LGL Group Q1 net income $157k, operating loss narrows; Co-CEO to resign, Foufas to join","bullets":["Revenue $441k vs $417k YoY; operating loss $309k vs $847k loss; net income $157k, EPS $0.03.","Cash and marketable securities $38.4M at March 31; investment income $345k vs $45k.","Co-CEO Michael Ferrantino to resign after Q2, remaining on board; Tim Foufas to become Co-CEO.","Formed SPV Lynch Systems Acquisition Holding in April 2023 to advance merchant banking activities.","Board expanding with independent candidates with transactional experience to support M&A growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-018197","json":"https://secwatch.observer/filing/0001437749-23-018197.json","markdown":"https://secwatch.observer/filing/0001437749-23-018197.md","text":"https://secwatch.observer/filing/0001437749-23-018197.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/61004/000143774923018197/0001437749-23-018197-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/61004/000143774923018197/lglg20230623_8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T18:34:17.409394+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2b33acaca10a56d1bf2681298919be4790fb9912","claim":"LGL GROUP INC reported first quarter 2023 (three months ended March 31, 2023) results: revenue $441,000, net income $157,000, EPS $0.03 per share.","evidence_excerpt":"Revenue of $441,000 for the three months ended March 31, 2023 compared to $417,000 for the comparable prior year period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/61004/000143774923018197/0001437749-23-018197-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023 (three months ended March 31, 2023)"},{"label":"Revenue","value":"$441,000"},{"label":"Net income","value":"$157,000"},{"label":"EPS","value":"$0.03 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}