Mr. Gad Announces the Election of All Five of His Nominees to Paragon's Board of Directors Based on Preliminary Results of the Annual Meeting
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, il maggiore azionista di Paragon Technologies (OTC PINK:PGNT) con una quota del 28,2%, ha annunciato l'elezione di successo di tutti e cinque i suoi candidati al Consiglio di Amministrazione di Paragon, basandosi sui risultati preliminari dell'Assemblea Annuale.
Secondo i risultati preliminari delle votazioni, circa il 60% delle azioni in circolazione di Paragon ha sostenuto l'elezione di Gad e di quattro nuovi direttori indipendenti nel consiglio della società. Questa vittoria arriva dopo quella che Gad ha definito una campagna impegnativa, caratterizzata da tentativi di consolidamento e attacchi personali.
La riorganizzazione del consiglio rappresenta un cambiamento importante nella governance aziendale, con Gad che ha indicato l'intenzione di tornare a una strategia focalizzata sulla creazione di valore per gli azionisti. Ulteriori dettagli sulla strategia futura saranno comunicati una volta certificati i risultati elettorali.
Hesham "Sham" Gad, el mayor accionista de Paragon Technologies (OTC PINK:PGNT) con una participación del 28.2%, ha anunciado la exitosa elección de los cinco candidatos que propuso para la Junta Directiva de Paragon, según los resultados preliminares de la Junta Anual.
De acuerdo con los resultados preliminares de la votación, aproximadamente el 60% de las acciones en circulación de Paragon apoyaron la elección de Gad y de cuatro nuevos directores independientes para el consejo de la empresa. La victoria llega tras lo que Gad describió como una campaña desafiante, marcada por intentos de consolidación y ataques personales.
La reestructuración del consejo se presenta como un cambio significativo en la gobernanza corporativa, con Gad indicando planes para volver a una estrategia centrada en la creación de valor para los accionistas. Se comunicarán más detalles sobre la estrategia futura una vez que se certifiquen los resultados electorales.
헤샴 "샴" 가드, Paragon Technologies (OTC PINK:PGNT)의 최대 주주로서 28.2%의 지분을 보유한 그는 연례 총회 예비 결과를 바탕으로 자신이 추천한 5명의 이사가 모두 성공적으로 선출되었음을 발표했습니다.
예비 투표 결과에 따르면, 약 Paragon의 발행 주식의 60%가 가드와 네 명의 신규 독립 이사 선출을 지지했습니다. 이 승리는 가드가 난관과 개인적 공격이 난무한 힘든 선거전이었다고 설명한 이후에 이루어졌습니다.
이사회 재구성은 기업 지배구조에 중대한 변화를 의미하며, 가드는 주주 가치 창출에 중점을 둔 전략으로 복귀할 계획임을 밝혔습니다. 선거 결과가 확정되면 향후 전략에 대한 자세한 내용이 전달될 예정입니다.
Hesham "Sham" Gad, principal actionnaire de Paragon Technologies (OTC PINK:PGNT) avec une participation de 28,2%, a annoncé l'élection réussie de ses cinq candidats au conseil d'administration de Paragon, sur la base des résultats préliminaires de l'assemblée annuelle.
Selon les résultats préliminaires du vote, environ 60% des actions en circulation de Paragon ont soutenu l'élection de Gad et de quatre nouveaux administrateurs indépendants au conseil de la société. Cette victoire fait suite à une campagne que Gad a qualifiée de difficile, marquée par des tentatives d'enracinement et des attaques personnelles.
La reconstitution du conseil est présentée comme un changement majeur dans la gouvernance d'entreprise, Gad indiquant son intention de revenir à une stratégie axée sur la création de valeur pour les actionnaires. Plus de détails sur la stratégie à venir seront communiqués une fois les résultats des élections certifiés.
Hesham "Sham" Gad, der größte Anteilseigner von Paragon Technologies (OTC PINK:PGNT) mit einem 28,2%igen Eigentumsanteil, hat die erfolgreiche Wahl aller fünf seiner Nominierten in den Vorstand von Paragon basierend auf vorläufigen Ergebnissen der Hauptversammlung bekannt gegeben.
Den vorläufigen Abstimmungsergebnissen zufolge unterstützten etwa 60% der ausstehenden Paragon-Aktien die Wahl von Gad und vier neuen unabhängigen Direktoren in den Vorstand des Unternehmens. Der Sieg folgt auf eine von Gad als herausfordernd beschriebene Kampagne, die von Verhärtungsversuchen und persönlichen Angriffen geprägt war.
Die Neubesetzung des Vorstands wird als bedeutender Wandel in der Unternehmensführung gesehen, wobei Gad Pläne ankündigte, zu einer Strategie zurückzukehren, die auf die Schaffung von Aktionärswert ausgerichtet ist. Weitere Details zur zukünftigen Strategie werden mit der Zertifizierung der Wahlergebnisse mitgeteilt.
- None.
- Previous management resistance and reported wasteful spending during proxy fight
- Delayed implementation of new strategy pending election certification
Believes the Reconstitution of the Board Will Position Paragon to Return to our Strategy of Prioritizing Stockholders and Long Term Value Creation
Thanks Fellow Stockholders for Their Overwhelming Support
NEW YORK, NY / ACCESS Newswire / June 30, 2025 / Hesham "Sham" Gad, the largest stockholder of Paragon Technologies, Inc. (OTC PINK:PGNT) ("Paragon" or the "Company"), owning approximately
"After spending the past several months fighting entrenchment maneuvers and navigating a campaign of defamatory personal attacks and needless spending, we are very pleased that Paragon's stockholders finally had their voices heard at today's Annual Meeting. Preliminary results indicate that holders of approximately
Contacts
Saratoga Proxy Consulting
John Ferguson
jferguson@saratogaproxy.com
SOURCE: Sham Gad
View the original press release on ACCESS Newswire
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