ORLANDO, FL – The LGL Group, Inc. (NYSE American: LGL), a manufacturer of electronic components, announced today that its 2024 Annual Stockholder Meeting is scheduled for November 20, 2024. The company disclosed this information in a recent SEC filing, confirming the event will take place at 10:00 am Eastern Time.
The Board of Directors has set September 30, 2024, as the record date for stockholders eligible to receive notice and vote at the meeting. The meeting will address corporate matters for which stockholders are entitled to vote. The specifics of the agenda were not detailed in the filing.
LGL Group, which operates in the electronic components industry under the Standard Industrial Classification (SIC) code 3679, is incorporated in Delaware with its principal executive office located in Orlando, Florida. The company's common stock and warrants to purchase common stock are both traded on the NYSE American under the symbols "LGL" and "LGL WS," respectively.
The announcement comes as part of a routine disclosure in compliance with SEC regulations. The 8-K filing, submitted on September 19, 2024, serves as the formal notification of the annual meeting date and record date for shareholders.
Investors and interested parties can refer to the company's SEC filings for further details regarding the annual meeting. The LGL Group has not provided any additional information about the topics to be discussed or decisions to be made at the upcoming meeting.
The LGL Group, known previously as Lynch Corp, has a history dating back to its name change in 1992. The company's IRS Employer Identification Number is 38-1799862.
This news is based on a press release statement and the company's SEC filing, offering stakeholders the necessary information to participate in the governance of the company.
InvestingPro Insights
As The LGL Group, Inc. gears up for its annual stockholder meeting, investors may find value in the latest financial metrics and analyst insights provided by InvestingPro. The company's recent performance shows a remarkable revenue growth of 599.11% in the last twelve months as of Q2 2024, with a quarterly increase of 48.13% in Q2 2024. This surge is reflected in a solid gross profit margin of 79.28%, indicating the company's efficiency in managing its cost of goods sold.
InvestingPro Tips also highlight the company's financial health and future prospects. Analysts are optimistic, expecting net income growth this year. This is supported by a track record of profitability over the last twelve months and a projection that the company will remain profitable this year. Moreover, The LGL Group's liquid assets have been noted to exceed short-term obligations, showcasing a strong balance sheet.
Investors looking to delve deeper into The LGL Group's financials and analyst predictions can find over six additional InvestingPro Tips on https://www.investing.com/pro/LGL. These insights may prove particularly useful as shareholders prepare for the annual meeting and assess the company's strategic direction and performance.
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