Patti A. Smith Resigns as Chief Financial Officer of the LGL Group, Inc
October 19, 2017 at 04:05 pm EDT
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The LGL Group, Inc. announced that its Chief Financial Officer, Patti A. Smith, has informed the company that she has decided to resign from her position to accept other employment outside of industry, effective November 6, 2017. Ms. Smith will remain available to the company on a consultant basis through January 31, 2018, while the company considers the appointment of her successor.
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.