Welcome to our dedicated page for Paragon Technologies news (Ticker: PGNT), a resource for investors and traders seeking the latest updates and insights on Paragon Technologies stock.
Paragon Technologies, Inc. (OTC Pink: PGNT) is a diversified holding company whose news flow centers on its subsidiaries in material handling, distribution, real estate, and investments, as well as significant corporate governance developments. Company releases provide updates on operating performance in areas such as automation and distribution, commentary on expenses, and the impact of investment gains and losses on reported results.
Investors following PGNT news can find earnings announcements that summarize results for recent periods and discuss trends in distribution sales, automation margins, and cost alignment efforts. These releases also explain how unrealized and realized gains or losses from the company’s investment portfolio affect the income statement and how Paragon uses pre-tax operating income, excluding investment gains and losses, as a non-GAAP measure in its analysis.
Paragon’s news feed has also featured detailed coverage of board and governance matters, including proxy contests, annual meeting voting results, and changes in board composition. Statements from both the company and major shareholders discuss strategic plans, litigation settlements, shareholder rights agreements, and broader questions of board accountability and alignment with stockholders.
By reviewing the PGNT news page, readers can track how Paragon Technologies communicates about its material handling and distribution businesses, real estate decisions, investment activities, and governance issues over time. This historical record of press releases and shareholder letters can help investors and observers understand the company’s priorities, challenges, and responses as they evolve.
Paragon Technologies (OTC Pink: PGNT) reported third-quarter and nine-month results for the periods ended September 30, 2025. Revenues rose ~30% in Q3 2025 versus Q3 2024, driven by stronger distribution sales. Management said it took steps to realign costs; SG&A for Q3 2025 was about $1.9M. The company noted a decline in sales and margin in its automation business but reported a modest profit for the quarter. Paragon distinguishes pre-tax operating earnings excluding investment gains/losses and reports realized investment gains/losses in its results.
Paragon Technologies (OTCID:PGNT) has announced its financial results for Q2 2025 and reached a significant settlement agreement resolving outstanding litigation. The settlement includes the dismissal of claims by Hesham M. Gad against Paragon and mutual releases between both parties.
The company reported that its Q2 2025 performance was impacted by several factors, including realized losses on marketable securities due to liquidation by the previous Board and Management, as well as increased operating expenses. The company notes that accounting rules from 2018 require recording unrealized gains/losses from equity investments in the income statement.
Paragon Technologies (OTCID:PGNT) released a shareholder update following significant management changes and the election of a new board with overwhelming support. The letter reveals concerning financial impacts from previous board actions, including approximately $3.7 million spent on entrenchment schemes and $1.2-$1.4 million in estimated remaining liabilities.
The company's cash and marketable securities declined from nearly $5 million to just above $1 million. However, there are positive developments, with SEDC posting its highest monthly sales of $13 million in July 2025. Under returning CEO Sham Gad's leadership, Paragon is focusing on rebuilding, expanding distribution and automation businesses, and implementing cost-cutting measures.
Paragon Technologies (OTC PINK:PGNT) announced the certified voting results from its 2025 Annual Shareholder Meeting held on June 30, 2025. Shareholders representing 83.74% of outstanding shares participated, with 71% overwhelmingly supporting the Gad nominees slate of directors. The new board members - David Duquette, James Kaufman, Ronell Rivera, Elodie Leoni, and Hesham Gad - were elected to serve until 2026.
Shareholders also approved RSM US LLP as independent auditors, voted for an independent board chair, and notably rejected the Stockholder Rights Agreement (poison pill), which will be terminated. The new board acknowledged significant value destruction by the previous management, including millions in wasteful expenses and asset sales, while committing to immediate action to realign operations, particularly at SI Systems.
Hesham "Sham" Gad, the largest shareholder of Paragon Technologies (OTC PINK:PGNT) with a 28.2% ownership stake, has announced the successful election of all five of his nominees to Paragon's Board of Directors based on preliminary results from the Annual Meeting.
According to preliminary voting results, approximately 60% of Paragon's outstanding shares supported the election of Gad and four new independent directors to the company's board. The victory comes after what Gad described as a challenging campaign marked by entrenchment attempts and personal attacks.
The board reconstitution is positioned as a significant shift in corporate governance, with Gad indicating plans to return to a strategy focused on stockholder value creation. Further details about the go-forward strategy will be communicated once the election results are certified.
Hesham "Sham" Gad, Paragon Technologies' (OTC PINK:PGNT) largest stockholder with a 28.2% stake, has issued a statement criticizing the incumbent board's last-minute decision to spend over $500,000 on director insurance just before the 2025 Annual Meeting.
Gad argues this move follows a concerning pattern of self-serving actions by the current board, including implementing a poison pill and issuing stock grants. He emphasizes that while he supports reasonable D&O insurance, the company has operated without any D&O claims for over a decade under his leadership.
The statement urges shareholders to vote using the BLUE proxy card for new directors focused on transparency, fiscal responsibility, and long-term value creation.
Paragon Technologies (OTC PINK:PGNT) announced receiving a litigation threat from former executive Hesham "Sham" Gad against the company and its directors. In response, the board approved a 3-year tail D&O insurance policy providing $4 million in coverage at an annual net cost under $200,000.
The board, excluding Gad, justified this decision citing Gad's history of depleting company resources through litigation, which has already cost millions. They highlighted concerns about Gad's past actions, including alleged breaches of duty, unauthorized work status, and fund misappropriation. The announcement comes amid an ongoing proxy fight, with the voting deadline set for June 29, 2025.
Hesham "Sham" Gad, the largest stockholder of Paragon Technologies (OTC PINK:PGNT) with a 28.2% ownership stake, has issued a statement thanking shareholders for their support ahead of the 2025 Annual Meeting. Gad is leading a proxy contest with his slate of director nominees against the incumbent board.
While acknowledging recent proxy advisory firm recommendations, Gad criticizes their assessment for not fully considering key issues like wasteful spending and Q1 losses. He expresses concern over the incumbent board's decision to include two of his nominees on their slate despite their objections, and condemns what he describes as a "calculated smear campaign" by current board leadership.
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