---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-023951"
form_type: "8-K"
ticker: "LGL"
cik: "0000061004"
company_name: "LGL GROUP INC"
filed_at: "2023-08-16T23:59:59+00:00"
generated_at: "2026-06-11T08:54:09.058755+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-023951
- form_type: 8-K
- ticker: LGL
- cik: 0000061004
- company_name: LGL GROUP INC
- filed_at: 2023-08-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/61004/000143774923023951/0001437749-23-023951-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/61004/000143774923023951/lglg20230717_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-023951
- JSON: https://secwatch.observer/filing/0001437749-23-023951.json
- Plain text: https://secwatch.observer/filing/0001437749-23-023951.txt

## Key facts
- Executive change
  Timothy Foufas was appointed as Co-CEO at LGL GROUP INC.
  - Action: appointed
  - Role: Co-CEO
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/61004/000143774923023951/0001437749-23-023951-index.htm
- Executive change
  Michael Ferrantino changed role as Co-CEO at LGL GROUP INC.
  - Action: transitioned
  - Role: Co-CEO
  source text: as Michael Ferrantino transitions from management to the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/61004/000143774923023951/0001437749-23-023951-index.htm
- Executive change
  Herve Francois was elected as Director at LGL GROUP INC.
  - Action: elected
  - Role: Director
  source text: elected Darlene DeRemer and Herve Francois to join the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/61004/000143774923023951/0001437749-23-023951-index.htm
- Executive change
  Darlene DeRemer was elected as Director at LGL GROUP INC.
  - Action: elected
  - Role: Director
  source text: elected Darlene DeRemer and Herve Francois to join the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/61004/000143774923023951/0001437749-23-023951-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.