On August 24, 2020, the Board of Directors of LGL Group, Inc., elected John Mega and Robert Rob" LaPenta to the Board, effective immediately. John Mega currently serves as President of LGL Systems Acquisition Corp, since September, 2019. Robert Rob" LaPenta currently serves as Executive Vice President and Chief Financial Officer of LGL Systems Acquisition Corp, since September 2019.
The LGL Group, Inc. is a holding company engaged in services, merchant investment and manufacturing business activities. The Company, through its subsidiary, Precise Time and Frequency, LLC (PTF), produces industrial electronic instruments and commercial products and services. PTF operates from its design and manufacturing facility in Wakefield, Massachusetts. It operates through two segments: Electronic Instruments and Merchant Investment. The Electronic Instruments segment operates through PTF, which is engaged in the design of frequency and time reference standards that form the basis for timing and synchronization in various applications, including satellite communication, time transfer systems, network synchronization, electricity distribution and metrology. The Merchant Investment segment consists of various investment vehicles in which the Company has a shareholder, partner, or general partner interest, and through which LGL Group invests its capital.
THE LGL GROUP, INC. 
