LGL Group to buy 1M MGHL shares for $2M, appoints director, reports FY2024 results

LGL GROUP INC

Subscribed to 1,000,000 newly issued MGHL shares at $2.00 per share for total $2.0M cash.
Appointed Vice Admiral Colin J. Kilrain, USN (Ret.), as director effective April 16, 2025.
Clarified that subsidiary P3 was not selected for DARPA's Venture Horizons; only an RFI response.
2020 warrants triggered on March 4, 2025 (30-day VWAP > $6.65); company exploring overallotment privilege.
FY2024 revenue $4.292M (up $614K YoY); net income $432K ($0.08 EPS) vs $269K ($0.05) in 2023.

item 1.01 item 5.02 item 7.01 item 8.01

Executive movements

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

Appointed

Colin J. Kilrain

director

LGL · LGL GROUP INC

Effective: 2025-04-16
Filed: April 17, 2025, 7:59 PM ET

On April 16, 2025, the Board of Directors (the "Board") of LGL Group appointed Vice Admiral Colin J. Kilrain, USN (Ret.), as a director of the Company, effective immediately, to serve until the Company's next annual meeting of stockholders or until his successor is duly elected and qualified.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Colin J. Kilrain was appointed as director at LGL GROUP INC.

Action: appointed
Role: director

Exact text from the filing

On April 16, 2025, the Board of Directors (the "Board") of LGL Group appointed Vice Admiral Colin J. Kilrain, USN (Ret.), as a director of the Company, effective immediately, to serve until the Company's next annual meeting of stockholders or until his successor is duly elected and qualified.

View on SEC.gov

LGL GROUP INC filing history →

Source: SEC EDGAR

accession 0001437749-25-012200

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.