The LGL Group, Inc. (NYSE MKT:LGL) (the “Company”) today announced that
Patti A. Smith has been promoted to Chief Financial Officer, effective
April 20, 2015. Ms. Smith previously served as the Company’s Director of
Financial Reporting and Human Resources.
Ms. Smith is a graduate of St. John Fisher College and a certified
public accountant. Prior to joining the Company, she held positions of
increasing responsibility with CNL Financial Group, Inc., CNL Hotels and
Resorts, Inc. and Harris Interactive Inc.
Michael Ferrantino, LGL’s Executive Chairman and Chief Executive
Officer, said, “It gives me great pleasure to announce this
well-deserved appointment. Patti joined the Company three years ago and
in that time has clearly shown her ability to take on complex tasks with
excellent results. I am relying on Patti’s advice and counsel in helping
to move our Company forward.”
LGL’s Chairman of the Board, Marc Gabelli, added, “Patti has brought a
wealth of knowledge to the Company. I, as well as the entire Board of
Directors, welcome Patti to this senior leadership position. The team
has made progress, and now with Patti as CFO, we hope to accelerate our
growth and ultimately increase shareholder value.”
About The LGL Group, Inc.
The LGL Group, Inc., through its wholly-owned subsidiary MtronPTI,
manufactures and markets highly-engineered electronic components used to
control the frequency or timing of signals in electronic circuits. These
components ensure reliability and security in aerospace and defense
communications, synchronize data transfers throughout the wireless and
internet infrastructure, and provide low noise and base accuracy for lab
instruments.
Headquartered in Orlando, Florida, the Company has additional design and
manufacturing facilities in Yankton, South Dakota and Noida, India, with
local sales offices in Sacramento, California and Hong Kong.
For more information on the Company and its products and services,
contact Patti Smith 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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