--- schema_version: "secwatch.filing_event.v1" accession: "0001564590-22-033836" form_type: "8-K" ticker: "MPTI" cik: "0001902314" company_name: "M-tron Industries, Inc." filed_at: "2022-10-11T23:59:59+00:00" generated_at: "2026-06-23T04:32:44.010632+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # M-tron Industries completes spin-off from LGL Group; begins trading as MPTI on NYSE American ## Summary - LGL distributed 100% of MtronPTI shares on Oct 7, 2022; LGL holders received 0.5 MPTI shares per LGL share. - MtronPTI becomes independent, listed on NYSE American under MPTI; LGL retains no ownership. - Board appointed: Marc Gabelli (Chairman), Michael Ferrantino (CEO), plus other directors and officers. - Cancelled intercompany balance of $4.44M and declared $5,973 dividend to LGL to reduce cash to $1M. - Transitional services and tax indemnity agreements with LGL in place for up to 12 months. ## SEC filing metadata - accession: 0001564590-22-033836 - form_type: 8-K - ticker: MPTI - cik: 0001902314 - company_name: M-tron Industries, Inc. - filed_at: 2022-10-11T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 2.01, 5.01, 5.02, 5.03, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1902314/000156459022033836/0001564590-22-033836-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1902314/000156459022033836/mpti-8k_20221007.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001564590-22-033836 - JSON: https://secwatch.observer/filing/0001564590-22-033836.json - Plain text: https://secwatch.observer/filing/0001564590-22-033836.txt ## Key facts - Executive change Hendi Susanto was appointed as Director at M-tron Industries, Inc.. - Action: appointed - Role: Director source text: Marc J. Gabelli , Michael J. Ferrantino, Hendi Susanto , John S. Mega , B el Lazar , Robert V. “Rob” LaPenta Jr. , and David M. Goldman were appointed as directors of MtronPTI. evidence_url: https://www.sec.gov/Archives/edgar/data/1902314/000156459022033836/0001564590-22-033836-index.htm - Executive change Robert V. LaPenta Jr. was appointed as Director at M-tron Industries, Inc.. - Action: appointed - Role: Director source text: Marc J. Gabelli , Michael J. Ferrantino, Hendi Susanto , John S. Mega , B el Lazar , Robert V. “Rob” LaPenta Jr. , and David M. Goldman were appointed as directors of MtronPTI. evidence_url: https://www.sec.gov/Archives/edgar/data/1902314/000156459022033836/0001564590-22-033836-index.htm - Executive change James W. Tivy was appointed as Chief Financial Officer at M-tron Industries, Inc.. - Action: appointed - Role: Chief Financial Officer source text: James W. Tivy was appointed to serve as the Chief Financial Officer of MtronPTI evidence_url: https://www.sec.gov/Archives/edgar/data/1902314/000156459022033836/0001564590-22-033836-index.htm - Executive change Marc J. Gabelli was appointed as Director at M-tron Industries, Inc.. - Action: appointed - Role: Director source text: Marc J. Gabelli , Michael J. Ferrantino, Hendi Susanto , John S. Mega , B el Lazar , Robert V. “Rob” LaPenta Jr. , and David M. Goldman were appointed as directors of MtronPTI. evidence_url: https://www.sec.gov/Archives/edgar/data/1902314/000156459022033836/0001564590-22-033836-index.htm - Executive change Michael J. Ferrantino was appointed as Director at M-tron Industries, Inc.. - Action: appointed - Role: Director source text: Marc J. Gabelli , Michael J. Ferrantino, Hendi Susanto , John S. Mega , B el Lazar , Robert V. “Rob” LaPenta Jr. , and David M. Goldman were appointed as directors of MtronPTI. evidence_url: https://www.sec.gov/Archives/edgar/data/1902314/000156459022033836/0001564590-22-033836-index.htm - Executive change David M. Goldman was appointed as Director at M-tron Industries, Inc.. - Action: appointed - Role: Director source text: Marc J. Gabelli , Michael J. Ferrantino, Hendi Susanto , John S. Mega , B el Lazar , Robert V. “Rob” LaPenta Jr. , and David M. Goldman were appointed as directors of MtronPTI. evidence_url: https://www.sec.gov/Archives/edgar/data/1902314/000156459022033836/0001564590-22-033836-index.htm - Executive change John S. Mega was appointed as Director at M-tron Industries, Inc.. - Action: appointed - Role: Director source text: Marc J. Gabelli , Michael J. Ferrantino, Hendi Susanto , John S. Mega , B el Lazar , Robert V. “Rob” LaPenta Jr. , and David M. Goldman were appointed as directors of MtronPTI. evidence_url: https://www.sec.gov/Archives/edgar/data/1902314/000156459022033836/0001564590-22-033836-index.htm - Executive change Michael Ferrantino was appointed as Chief Executive Officer at M-tron Industries, Inc.. - Action: appointed - Role: Chief Executive Officer source text: Michael Ferrantino was appointed to serve as the Chief Executive Officer of MtronPTI evidence_url: https://www.sec.gov/Archives/edgar/data/1902314/000156459022033836/0001564590-22-033836-index.htm - Executive change Marc J. Gabelli was appointed as Chairman of the Board at M-tron Industries, Inc.. - Action: appointed - Role: Chairman of the Board source text: Marc J. Gabelli was appointed Chair man of the Board effective as of 12:01 a .m. Eastern Time on October 7, 2022. evidence_url: https://www.sec.gov/Archives/edgar/data/1902314/000156459022033836/0001564590-22-033836-index.htm - Executive change William A. Drafts was appointed as President at M-tron Industries, Inc.. - Action: appointed - Role: President source text: William A. Drafts was appointed to serve as the President of MtronPTI evidence_url: https://www.sec.gov/Archives/edgar/data/1902314/000156459022033836/0001564590-22-033836-index.htm - Executive change Bel Lazar was appointed as Director at M-tron Industries, Inc.. - Action: appointed - Role: Director source text: Marc J. Gabelli , Michael J. Ferrantino, Hendi Susanto , John S. Mega , B el Lazar , Robert V. “Rob” LaPenta Jr. , and David M. Goldman were appointed as directors of MtronPTI. evidence_url: https://www.sec.gov/Archives/edgar/data/1902314/000156459022033836/0001564590-22-033836-index.htm - Executive change Linda M. Biles was appointed as V.P., Controller and Secretary at M-tron Industries, Inc.. - Action: appointed - Role: V.P., Controller and Secretary source text: Linda M. Biles was appointed to be the V.P., Controller and Secretary of MtronPTI following the Distribution. evidence_url: https://www.sec.gov/Archives/edgar/data/1902314/000156459022033836/0001564590-22-033836-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.