D-Wave Quantum falls nearly 3% as earnings miss overshadows revenue beat
The LGL Group , Inc. (NYSE:LGL), a $36 million market cap company that has delivered a 32% return to investors over the past year, held its 2025 Annual Meeting of Stockholders on Monday. According to the company’s recent SEC filing, all proposals received the necessary stockholder approval. InvestingPro analysis shows the company maintains a "GREAT" financial health score, with several positive indicators available to subscribers.
The first proposal involved the election of six directors to serve until the 2026 Annual Meeting. The elected directors are Kaan Aslansan, Darlene DeRemer, Herve Francois, Marc Gabelli, Manjit Kalha, and Vice Admiral Colin J. Kilrain, U.S. Navy (Ret.). Each nominee received a majority of votes in favor, with significant broker non-votes recorded. The company’s strong leadership has helped maintain an exceptional current ratio of 42.27, indicating robust financial stability.
The second proposal was a non-binding advisory vote on the compensation of LGL’s named executive officers. The resolution was approved, with 2,129,220 votes in favor, 8,684 against, and 9,675 abstentions. There were also 1,141,115 broker non-votes.
The third proposal ratified the appointment of PKF O’Connor Davies, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. This proposal received 3,267,812 votes in favor, 15,528 against, and 5,354 abstentions, with no broker non-votes.
The results of these votes were detailed in the company’s definitive proxy statement filed with the Securities and Exchange Commission on April 30, 2025. The information is based on a press release statement from the LGL Group.
In other recent news, The LGL Group, Inc. has announced significant changes in its executive leadership team. Timothy Foufas will step down as Co-Chief Executive Officer effective May 1, 2025. The company clarified that Foufas’s departure is not due to any disagreements with the company’s operations or policies. Concurrently, Nathan Miller has been appointed as the new Chief Operating Officer. Miller’s background includes a dual degree from Johns Hopkins University and experience with firms such as Morgan Group Holding Co. and PMV Consumer Acquisition Corp. Additionally, Tiffany Hayden has been named Vice President, bringing her extensive experience from Teton Advisors, Inc. The company confirmed no familial relationships or material transactions involving the new appointees. These leadership changes are part of LGL Group’s strategy to enhance its leadership team.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.