CEO Ferrantino resigns; CFO Pforr named interim CEO; rights offering for 582k shares

M-tron Industries, Inc.

CEO Michael Ferrantino resigned effective Feb 17, 2025; receives $174k bonus and salary through Mar 31.
CFO Cameron Pforr appointed interim CEO while retaining CFO role; compensation changes pending.
Board authorized rights offering for up to 582,233 common shares; record date March 3, 2025.
Rights transferable; 5 rights per share; subscription price TBD; expiration March 21, 2025.
Rights trading on NYSE American: when-issued Feb 28, regular way Mar 5-20, 2025.

item 5.02 item 8.01

Executive movements

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

Appointed (interim)

Cameron Pforr

Interim Chief Executive Officer

MPTI · M-tron Industries, Inc.

Effective: 2025-02-17
Filed: February 21, 2025, 6:59 PM ET

On February 17, 2025, in connection with Mr. Ferrantino's departure, the Board appointed Cameron Pforr, age 60, the Company's Chief Financial Officer since October 2024, as the Company's Interim Chief Executive Officer, to hold such position until a permanent successor Chief Executive Officer is appointed.

Departed

Michael J. Ferrantino, Jr.

Chief Executive Officer

MPTI · M-tron Industries, Inc.

Effective: 2025-02-17
Successor: Cameron Pforr
Filed: February 21, 2025, 6:59 PM ET

On February 17, 2025, Michael J. Ferrantino, Jr. resigned as Chief Executive Officer of M-tron Industries, Inc. ("Mtron" or the "Company") and as a member of the Board of Directors (the "Board"), effective immediately, in order to focus his efforts on the Connectivity Partnership, a fund focused on software, hardware, and services opportunities associated with the proliferation of radio frequency technologies across multiple sectors.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Cameron Pforr was appointed as Interim Chief Executive Officer at M-tron Industries, Inc..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

On February 17, 2025, in connection with Mr. Ferrantino's departure, the Board appointed Cameron Pforr, age 60, the Company's Chief Financial Officer since October 2024, as the Company's Interim Chief Executive Officer, to hold such position until a permanent successor Chief Executive Officer is appointed.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael J. Ferrantino, Jr. resigned as Chief Executive Officer at M-tron Industries, Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On February 17, 2025, Michael J. Ferrantino, Jr. resigned as Chief Executive Officer of M-tron Industries, Inc. ("Mtron" or the "Company") and as a member of the Board of Directors (the "Board"), effective immediately, in order to focus his efforts on the Connectivity Partnership, a fund focused on software, hardware, and services opportunities associated with the proliferation of radio frequency technologies across multiple sectors.

View on SEC.gov

M-tron Industries, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-25-004753

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.