The LGL Group Announces Resignations Of 3 Directors
January 13, 2010 (FinancialWire) — The LGL Group, Inc. (NYSE AMEX: LGL) reported that, as previously announced, three members of its board of directors had voluntarily stepped down from the board, effective December 31, 2009, to assist the company with cost reduction initiatives.
The former directors are Avrum Gray, E. Val Cerutti and Peter DaPuzzo. They will all be available to provide advisory assistance to the remaining Board, according to the company. LGL president and CEO, Greg Anderson, said, “I thank each of these directors for their many and invaluable contributions, especially through the challenging times that we have faced the past several years.”
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.
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