Mr. Anderson said, “We enter 2013 with the foundation of a strong balance sheet and a solid operating platform that we can leverage as market conditions improve. We continue to seek investment opportunities and to strategically allocate capital to projects and technology development that will bring new products to market and growth opportunities that create shareholder value.”
Donald Hunter Joins LGL Board of Directors
The Company also announced that Donald Hunter was appointed to the Board of Directors on March 26, 2013. Mr. Hunter brings more than 22 years of financial, operating, corporate development, international and mergers and acquisition experience, including six years as Chief Operating and Chief Financial Officer of Harbor Global Company Limited, a public company that owned international investment management and natural resources subsidiaries.
LGL’s Chairman of the Board, Marc Gabelli, said, “We welcome Donald to the Board of Directors and the valuable insights he brings to LGL through his international finance and corporate development experience.”Investor’s Conference Call Scheduled for Thursday, March 28, 2013, at 10:00 A.M. ET An investor conference call is scheduled for Thursday, March 28, 2013, at 10:00 a.m. ET. The purpose of the call is to discuss the Company’s full-year and fourth quarter 2012 earnings results, current business activities and strategy. The Company’s President and Chief Executive Officer, Greg Anderson, will host the audio event. Participants can access the conference call at (800) 862-9098 for domestic callers and (785) 424-1051 for international callers. The conference ID is LGLIR328. 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 devices are used extensively in electronic systems for military applications, avionics, earth-orbiting satellites, medical devices, instrumentation, industrial devices and global positioning systems. They are also used in infrastructure equipment for the telecommunications and network equipment industries. The Company has operations in Orlando, Florida, Yankton, South Dakota, Yantai, China and Noida, India, and sales offices in Hong Kong and Shanghai, China.