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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of report (Date of earliest event reported): January 17, 2025
 
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THE LGL GROUP, INC.
(Exact Name of Registrant as Specified in Charter)
     
Delaware
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
     
2525 Shader Road, Orlando, FL
32804
(Address of Principal Executive Offices)
(Zip Code)
 
Registrant’s Telephone Number, Including Area Code: (407) 298-2000
 
(Former Name or Former Address, If Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
  
Trading Symbol(s)
  
Name of each exchange on which registered
Common Stock, par value $0.01
  
LGL
  
NYSE American
Warrants to Purchase Common Stock, par value $0.01
  
LGL WS
  
NYSE American
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
 
Item 7.01.
 Regulation FD Disclosure
 
On January 17, 2025, The LGL Group, Inc. (“LGL Group” or the “Company”) announced the launch of a connectivity partnership (the “Partnership”) as part of its broader merchant investment strategy. The Partnership will seek to make influential operating investments in the radio frequency (“RF”) ecosystem and will include hardware, software, and service-related opportunities.
 
The Partnership will be a subsidiary of Lynch Capital International, LLC (“Lynch Capital”), a wholly owned subsidiary of LGL Group, and will serve the interests of its founding members in a strategic fashion. The verticals of coverage will include smart agriculture, healthcare, communications, big data, and others amongst its universe.
 
It is expected that Timothy Foufas and Michael Ferrantino, Jr. will play a central role in the development of the Partnership along with several other members of the LGL Group management team.
 
Precise Time and Frequency LLC (“PTF”), a globally positioned producer of industrial electronic instruments and commercial products and services, including testing and measurements, and a wholly owned subsidiary of LGL Group, will be an initial platform company of focus for building this RF vertical.
 
The Partnership will be raising capital, culling investment opportunities in Q1 2025, and will start with a founding investment from Lynch Capital and its partners.
 
The information furnished pursuant to this Item 7.01 of this Current Report on Form 8-K, including the exhibits hereto, shall not be considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any future filings by the Company under the Securities Act of 1933, as amended, or under the Exchange Act, unless the Company expressly sets forth in such future filing that such information is to be considered "filed" or incorporated by reference therein.
 
Item 8.01.
 Other Events
 
The information included in Item 7.01 is incorporated by reference into this Item 8.01.
 
Item 9.01.
Financial Statements and Exhibits
 
 
(d)
Exhibits
 
Exhibit No.
Description
   
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
THE LGL GROUP, INC.
  (Registrant)
   
Date: January 17, 2025
By:
/s/ Christopher L. Nossokoff
   
Name:
Christopher L. Nossokoff
   
Title:
Vice President - Finance
 
 
 
 
v3.24.4
Document And Entity Information
Jan. 17, 2025
Document Information [Line Items]  
Entity, Registrant Name THE LGL GROUP, INC.
Document, Type 8-K
Document, Period End Date Jan. 17, 2025
Entity, Incorporation, State or Country Code DE
Entity, File Number 001-00106
Entity, Tax Identification Number 38-1799862
Entity, Address, Address Line One 2525 Shader Road
Entity, Address, City or Town Orlando
Entity, Address, State or Province FL
Entity, Address, Postal Zip Code 32804
City Area Code 407
Local Phone Number 298-2000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0000061004
CommonStockParValue001 Custom [Member]  
Document Information [Line Items]  
Title of 12(b) Security Common Stock, par value $0.01
Trading Symbol LGL
Security Exchange Name NYSE
WarrantsToPurchaseCommonStockParValue001 Custom [Member]  
Document Information [Line Items]  
Title of 12(b) Security Warrants to Purchase Common Stock, par value $0.01
Trading Symbol LGL WS
Security Exchange Name NYSE
LGL (AMEX:LGL)
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