8-K filed August 16, 2023, 7:59 PM ET ticker LGL CIK 0000061004

leadership confidence high sentiment neutral materiality 0.60

LGL Group elects two new board members; appoints Timothy Foufas as Co-CEO

LGL GROUP INC

Darlene DeRemer and Herve Francois were elected to the LGL Board, effective August 11, 2023.
DeRemer brings 35 years in asset management; Francois adds 20+ years in technology investing.
Timothy Foufas appointed Co-CEO, replacing Michael Ferrantino who transitions to the Board.
Foufas has over 25 years of investment experience; serves alongside Co-CEO Marc Gabelli.
Changes continue management transition following the spin-off of M-tron Industries in late 2022.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Timothy Foufas

Co-CEO

LGL · LGL GROUP INC

Effective: 2023-08-11
Filed: August 16, 2023, 7:59 PM ET

Tim Foufas, a long-time Board member, was appointed as Co-CEO and will serve as the Company's Principal Executive Officer, replacing Michael Ferrantino.

Departed

Michael Ferrantino

Co-CEO

LGL · LGL GROUP INC

Effective: 2023-08-11
Successor: Timothy Foufas
Filed: August 16, 2023, 7:59 PM ET

as Michael Ferrantino transitions from management to the Board.

Appointed

Herve Francois

Director

LGL · LGL GROUP INC

Effective: 2023-08-11
Filed: August 16, 2023, 7:59 PM ET

elected Darlene DeRemer and Herve Francois to join the Board, effective immediately.

Appointed

Darlene DeRemer

Director

LGL · LGL GROUP INC

Effective: 2023-08-11
Filed: August 16, 2023, 7:59 PM ET

elected Darlene DeRemer and Herve Francois to join the Board, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Timothy Foufas was appointed as Co-CEO at LGL GROUP INC.

Action: appointed
Role: Co-CEO

Exact text from the filing

Tim Foufas, a long-time Board member, was appointed as Co-CEO and will serve as the Company's Principal Executive Officer, replacing Michael Ferrantino.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Michael Ferrantino changed role as Co-CEO at LGL GROUP INC.

Action: transitioned
Role: Co-CEO

Exact text from the filing

as Michael Ferrantino transitions from management to the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Herve Francois was elected as Director at LGL GROUP INC.

Action: elected
Role: Director

Exact text from the filing

elected Darlene DeRemer and Herve Francois to join the Board, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Darlene DeRemer was elected as Director at LGL GROUP INC.

Action: elected
Role: Director

Exact text from the filing

elected Darlene DeRemer and Herve Francois to join the Board, effective immediately.

View on SEC.gov

LGL GROUP INC filing history →

Source: SEC EDGAR

accession 0001437749-23-023951

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