LGL Group Inc. Files DEF 14A for FY2023
Ticker: LGL · Form: DEF 14A · Filed: Oct 7, 2024 · CIK: 61004
| Field | Detail |
|---|---|
| Company | Lgl Group Inc (LGL) |
| Form Type | DEF 14A |
| Filed Date | Oct 7, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, corporate-governance, executive-compensation
TL;DR
LGL Group DEF 14A out - check exec pay & board stuff for FY23.
AI Summary
LGL Group Inc. filed a DEF 14A on October 7, 2024, for the fiscal year ending December 31, 2023. The filing details executive compensation and other corporate governance matters. The company, previously known as Lynch Corp, is incorporated in Delaware and headquartered in Orlando, Florida.
Why It Matters
This filing provides crucial information for shareholders regarding executive compensation, director elections, and other significant corporate decisions that can impact the company's future performance and stock value.
Risk Assessment
Risk Level: medium — DEF 14A filings are routine but can reveal information about executive compensation, potential shareholder proposals, or changes in corporate governance that may indicate underlying risks or opportunities.
Key Players & Entities
- LGL GROUP INC (company) — Filer
- LYNCH CORP (company) — Former Company Name
- 20241007 (date) — Filing Date
- 20241120 (date) — Period of Report
- 2023-12-31 (date) — Fiscal Year End
- 2022-12-31 (date) — Prior Fiscal Year End
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit shareholder votes on important corporate matters, such as the election of directors, executive compensation, and other proposals.
When was LGL Group Inc. previously known by another name?
LGL Group Inc. was formerly known as Lynch Corp, with a date of name change on July 3, 1992.
What is the business address of LGL Group Inc.?
The business address of LGL Group Inc. is 2525 Shader Road, Orlando, FL 32804.
What is the Standard Industrial Classification (SIC) code for LGL Group Inc.?
The Standard Industrial Classification (SIC) code for LGL Group Inc. is 3679, which corresponds to Electronic Components, NEC.
What is the fiscal year end for LGL Group Inc.?
The fiscal year end for LGL Group Inc. is December 31.
Filing Stats: 4,417 words · 18 min read · ~15 pages · Grade level 13.8 · Accepted 2024-10-07 16:04:31
Filing Documents
- lglg20240124_def14a.htm (DEF 14A) — 703KB
- directorage2023v7.jpg (GRAPHIC) — 13KB
- directorethnic2023v7.jpg (GRAPHIC) — 13KB
- directorgender2023v8.jpg (GRAPHIC) — 9KB
- directorskills2023v5.jpg (GRAPHIC) — 32KB
- directortenure2023v7.jpg (GRAPHIC) — 12KB
- img1.jpg (GRAPHIC) — 4KB
- lgl-2023proxycardp1.jpg (GRAPHIC) — 141KB
- lgl-2023proxycardp2.jpg (GRAPHIC) — 129KB
- lgllogolarge.jpg (GRAPHIC) — 34KB
- logo.jpg (GRAPHIC) — 6KB
- peovsneocapvsni2023v3.jpg (GRAPHIC) — 49KB
- peovsneocapvstsr2023v3.jpg (GRAPHIC) — 43KB
- 0001437749-24-030801.txt ( ) — 2457KB
- lgl-20231231.xsd (EX-101.SCH) — 3KB
- lgl-20231231_def.xml (EX-101.DEF) — 2KB
- lgl-20231231_lab.xml (EX-101.LAB) — 2KB
- lgl-20231231_pre.xml (EX-101.PRE) — 1KB
- lglg20240124_def14a_htm.xml (XML) — 100KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 15 PROPOSAL 2 Advisory Vote to Approve Executive Compensation 15 Executive Officers 16 Compensation Discussion and Analysis 17
Executive Compensation Tables
Executive Compensation Tables 19 Report of the Compensation Committee 23 AUDIT-RELATED MATTERS 24 PROPOSAL 3 R ATIFICATION OF A PPOINTMENT OF I NDEPENDENT R EGISTERED P UBLIC A CCOUNTING F IRM 24 Fees Paid to Independent Registered Public Accounting Firm 25 Policy on Pre-Approval of Audit and Permissible Non-Audit Services 25 Change of Independent Registered Public Accounting Firm 25 Report of the Audit Committee 26 STOCKHOLDER PROPOSALS 27 ADDITIONAL INFORMATION 28 Transactions with Related Persons, Promoters and Certain Control Persons 28 29 Delinquent Section 16(a) Reports 29 FREQUENTLY ASKED QUESTIONS ABOUT THE ANNUAL MEETING 30 2 Table of Contents Cautionary Note Concerning Forward Looking Statements This document contains information that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act"). The Company intends for all such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act, as applicable by law. Such statements include, in particular, statements about the Company's beliefs, plans, objectives, goals, expectations, estimates, projections and intentions. These statements are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond the Company's control. The words "may," "could," "should," "would," "believe," "anticipate," "estimate," "expect," "intend," "plan," "target," "goal" and similar expressions are intended to identify forward-looking statements. All forward-looking statements, by their nature, are subject to risks and uncertainties. Therefore, such statements are not intended to be a guarantee of the Company