The LGL Group, Inc. Announces Changes to its Board of Directors
January 23 2019 - 06:35PM
Business Wire
The LGL Group, Inc. (NYSE MKT: LGL), today announced that its
Board of Directors have nominated Mr. Ivan Arteaga and Mr. Bel
Lazar to join the board, effective immediately.
“We are very pleased to announce these professionals are joining
the board. The company continues with its efforts in growing its
operating capabilities,” said Marc Gabelli, Chairman of the Board
of Directors. “Mr. Lazar and Mr. Arteaga have a broad array of
technological and capital markets experience. The timing for these
new directors joining LGL could not be better as we grow
shareholder value.”
Mr. Lazar is currently Vice President of Operations and member
of the Board of Directors at Efficient Power Conversion, a leading
provider of gallium nitride (GaN)-based power management
technology, and was previously President and CEO of API
Technologies Corp., formerly a NASDAQ listed company. Mr. Arteaga
is a Chartered Financial Analyst and Founder and Managing Member of
Arteaga Capital Management, LLC, a company that provides
alternative investment management services, and previously served
as a communications analyst and portfolio manager at Gabelli &
Company.
About The LGL Group, Inc.
The LGL Group, Inc., through its two principal subsidiaries
MtronPTI and PTF, designs, manufactures and markets
highly-engineered electronic components used to control the
frequency or timing of signals in electronic circuits, and designs
high performance frequency and time reference standards that form
the basis for timing and synchronization in various
applications.
Headquartered in Orlando, Florida, the Company has additional
design and manufacturing facilities in Yankton, South Dakota,
Wakefield, Massachusetts and Noida, India, with local sales offices
in Hong Kong, Sacramento, California and Austin, Texas.
For more information on the Company and its products and
services, contact James Tivy at The LGL Group, Inc., 2525 Shader
Rd., Orlando, Florida 32804, (407) 298-2000, or visit
www.lglgroup.com and www.mtronpti.com.
Caution Concerning Forward Looking Statements
This press release may contain forward-looking statements made
in reliance upon the safe harbor provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21 E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements include all statements that do not relate solely to
historical or current facts, and can be identified by the use of
words such as “may,” “will,” “expect,” “project,” “estimate,”
“anticipate,” “plan,” “believe,” “potential,” “should,” “continue”
or the negative versions of those words or other comparable words.
These forward-looking statements are not guarantees of future
actions or performance. These forward-looking statements are based
on information currently available to us and our current plans or
expectations, and are subject to a number of uncertainties and
risks that could significantly affect current plans, anticipated
actions and our future financial condition and results. Certain of
these risks and uncertainties are described in greater detail in
our filings with the Securities and Exchange Commission. We are
under no obligation to (and expressly disclaim any such obligation
to) update or alter our forward-looking statements, whether as a
result of new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20190123005882/en/
The LGL Group, Inc.Michael Ferrantino, Sr.,
407-298-2000CEOmferrantino@lglgroup.comorJames Tivy,
407-298-2000CFOjtivy@lglgroup.com
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