LGL Group approves spin-off of MTron/PTI subsidiary; IRNT shares distributed

LGL GROUP INC

Board approved spin-off of MTron/PTI subsidiary, subject to shareholder vote.
LGL received 2,843,935 IRNT shares; 1,543,935 unrestricted, 1,300,000 restricted for 6 months.
50,000 IRNT shares donated to charity as part of corporate citizenship.
Director Robert LaPenta Jr. resigned effective Sept 27, 2021, joining IronNet board.
IRNT investment will transition to mark-to-market accounting.

item 5.02 item 9.01

Executive movements

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Departed

Robert LaPenta Jr.

Director

LGL · LGL GROUP INC

Effective: 2021-09-27
Filed: October 1, 2021, 7:59 PM ET

Robert “Rob” LaPenta Jr. resigned from LGL’s board of directors and that of its subsidiary, MTron/PTI, effective September 27, 2021.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Robert LaPenta Jr. resigned as Director at LGL GROUP INC.

Action: resigned
Role: Director

Exact text from the filing

Robert “Rob” LaPenta Jr. resigned from LGL’s board of directors and that of its subsidiary, MTron/PTI, effective September 27, 2021.

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LGL GROUP INC filing history →

Source: SEC EDGAR

accession 0001564590-21-049851

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