LGL Promotes Patti Smith to Chief Financial Officer
April 21 2015 - 4:15PM
Business Wire
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.
The LGL Group, Inc.Patti A. Smith,
407-298-2000pasmith@lglgroup.com
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