LGL : Submission of Matters to a Vote of Security Holders - Form 8-K
December 06, 2023 at 10:45 am EST
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Item 5.07.
Submission of Matters to a Vote of Security Holders.
On December 6, 2023, The LGL Group, Inc. (the "Company") held its 2023 Annual Meeting of Stockholders (the "Annual Meeting").
The following matters were submitted to a vote of the Company's stockholders at the Annual Meeting: (i) the election of seven directors to serve until the Company's 2024 Annual Meeting of Stockholders; (ii) the ratification of the appointment of PKF O'Connor Davies LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023; and (iii) a non-binding advisory resolution to approve the compensation of the Company's named executive officers. The three proposals are described in detail in the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on November 7, 2023 (the "Definitive Proxy Statement").
Each of the three matters submitted to a vote of the Company's stockholders at the Annual Meeting was approved by the requisite vote of the Company's stockholders. Set forth below is the number of votes cast for, against or withheld, as well as the number of abstentions and broker non-votes as to each such matter, including a separate tabulation with respect to each nominee for director, as applicable.
1. Election of seven directors to the Board of Directors to serve until the 2024 Annual Meeting of Stockholders:
Nominee
For
Withheld
Broker Non-votes
Marc J. Gabelli
3,010,118
4,494
1,027,571
Timothy Foufas
3,011,409
3,203
1,027,571
Manjit Kalha
2,976,784
37,828
1,027,571
Michael Ferrantino
3,001,060
13,552
1,027,571
Kaan Aslansan
2,983,213
31,399
1,027,571
Herve Francois
3,012,308
2,304
1,027,571
Darlene DeRemer
3,013,284
1,328
1,027,571
2. Ratification of the appointment of PKF O'Connor Davies LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023:
For
Against
Abstain
Broker Non-votes
4,030,634
10,694
855
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3. Approval of an advisory resolution regarding the compensation of the Company's named executive officers:
The LGL Group Inc. published this content on 06 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 December 2023 15:44:19 UTC.
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. 
