---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-21-049851"
form_type: "8-K"
ticker: "LGL"
cik: "0000061004"
company_name: "LGL GROUP INC"
filed_at: "2021-10-01T23:59:59+00:00"
generated_at: "2026-06-29T00:10:10.240168+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001564590-21-049851
- form_type: 8-K
- ticker: LGL
- cik: 0000061004
- company_name: LGL GROUP INC
- filed_at: 2021-10-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/61004/000156459021049851/0001564590-21-049851-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/61004/000156459021049851/lgl-8k_20210927.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-21-049851
- JSON: https://secwatch.observer/filing/0001564590-21-049851.json
- Plain text: https://secwatch.observer/filing/0001564590-21-049851.txt

## Key facts
- Executive change
  Robert LaPenta Jr. resigned as Director at LGL GROUP INC.
  - Action: resigned
  - Role: Director
  source text: Robert “Rob” LaPenta Jr. resigned from LGL’s board of directors and that of its subsidiary, MTron/PTI, effective September 27, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/61004/000156459021049851/0001564590-21-049851-index.htm

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