Paragon Technologies Board Nominates Ronell Rivera and Elodie Leoni Without Their Consent
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Paragon Technologies (OTC PINK:PGNT) faces controversy as board nominees Ronell Rivera and Elodie Leoni publicly denounce their unauthorized inclusion in the company's management slate. Both individuals had explicitly declined nominations through the Board's Nominating Committee, yet their names appeared in formal proxy materials released this week. Rivera and Leoni issued statements confirming their commitment to the Gad shareholder-aligned slate while expressing concerns about the unauthorized use of their names. The unauthorized nominations potentially violate Delaware law and raise serious questions about corporate governance practices and transparency in Paragon's board nomination process.
Paragon Technologies (OTC PINK:PGNT) è al centro di una controversia poiché i candidati al consiglio Ronell Rivera ed Elodie Leoni hanno denunciato pubblicamente la loro inclusione non autorizzata nella lista di gestione dell'azienda. Entrambi avevano esplicitamente rifiutato le nomine tramite il Comitato di Nomina del Consiglio, eppure i loro nomi sono comparsi nei materiali ufficiali del proxy pubblicati questa settimana. Rivera e Leoni hanno rilasciato dichiarazioni confermando il loro impegno verso la lista allineata agli azionisti Gad, esprimendo però preoccupazione per l'uso non autorizzato dei loro nomi. Le nomine non autorizzate potrebbero violare la legge del Delaware e sollevano seri dubbi sulle pratiche di governance aziendale e sulla trasparenza nel processo di nomina del consiglio di Paragon.
Paragon Technologies (OTC PINK:PGNT) enfrenta una controversia ya que los candidatos a la junta Ronell Rivera y Elodie Leoni denunciaron públicamente su inclusión no autorizada en la lista de gestión de la empresa. Ambos habían rechazado explícitamente las nominaciones a través del Comité de Nominaciones de la Junta, sin embargo, sus nombres aparecieron en los materiales formales del poder de representación publicados esta semana. Rivera y Leoni emitieron declaraciones confirmando su compromiso con la lista alineada con los accionistas Gad, al tiempo que expresaron preocupación por el uso no autorizado de sus nombres. Las nominaciones no autorizadas podrían violar la ley de Delaware y plantean serias dudas sobre las prácticas de gobernanza corporativa y la transparencia en el proceso de nominación de la junta de Paragon.
Paragon Technologies(OTC PINK:PGNT)는 이사회 후보인 Ronell Rivera와 Elodie Leoni가 회사 경영진 명단에 무단으로 포함된 사실을 공개적으로 반박하면서 논란에 휩싸였습니다. 두 사람은 이사회 추천위원회를 통해 명확히 지명을 거부했음에도 불구하고, 이번 주에 발표된 공식 위임장 자료에 이름이 포함되었습니다. Rivera와 Leoni는 Gad 주주 연합 명단에 대한 의지를 확인하는 성명을 발표하며, 이름이 무단으로 사용된 것에 대한 우려를 표명했습니다. 이러한 무단 지명은 델라웨어 법을 위반할 가능성이 있으며, Paragon 이사회 후보 선정 과정의 기업 지배구조 및 투명성에 심각한 의문을 제기합니다.
Paragon Technologies (OTC PINK:PGNT) est au cœur d'une controverse alors que les candidats au conseil d'administration Ronell Rivera et Elodie Leoni dénoncent publiquement leur inclusion non autorisée dans la liste de gestion de l'entreprise. Tous deux avaient explicitement refusé les nominations via le comité de nomination du conseil, pourtant leurs noms sont apparus dans les documents officiels de procuration publiés cette semaine. Rivera et Leoni ont publié des déclarations confirmant leur engagement envers la liste alignée avec les actionnaires Gad, tout en exprimant leurs préoccupations quant à l'utilisation non autorisée de leurs noms. Ces nominations non autorisées pourraient enfreindre la loi du Delaware et soulèvent de sérieuses questions sur les pratiques de gouvernance d'entreprise et la transparence du processus de nomination au conseil de Paragon.
Paragon Technologies (OTC PINK:PGNT) steht im Mittelpunkt einer Kontroverse, da die Vorstandskandidaten Ronell Rivera und Elodie Leoni öffentlich ihre unautorisierte Aufnahme in die Managementliste des Unternehmens anprangern. Beide hatten die Nominierungen ausdrücklich über den Nominierungsausschuss des Vorstands abgelehnt, dennoch erschienen ihre Namen in den diese Woche veröffentlichten offiziellen Proxy-Unterlagen. Rivera und Leoni gaben Erklärungen ab, in denen sie ihre Verpflichtung zur aktionärsorientierten Gad-Liste bestätigten und Bedenken hinsichtlich der unbefugten Verwendung ihrer Namen äußerten. Die unautorisierten Nominierungen könnten gegen das Delaware-Recht verstoßen und werfen ernsthafte Fragen zur Unternehmensführung und Transparenz im Nominierungsprozess des Paragon-Vorstands auf.
Positive
- None.
Negative
- Board included nominees without their consent, potentially violating Delaware law
- Misleading proxy materials that could confuse shareholders
- Questionable corporate governance practices by current board
- Potential legal and regulatory consequences from unauthorized nominations
NEW YORK, NY / ACCESS Newswire / May 30, 2025 / Today, Ronell Rivera and Elodie Leoni issued a joint statement in response to their unauthorized inclusion on the management slate proposed by the current Board of Paragon Technologies, Inc. (OTC PINK:PGNT) ("Paragon" or the "Company").
Despite having previously and explicitly declined to be nominated by the Board's Nominating Committee, both individuals were named as part of the company's formal proxy materials released this week.
"I clearly and respectfully informed Mr. Tim Eriksen that I did not wish to be included on the management slate," said Mr. Rivera. "To be listed against my will - after making my position unmistakably clear - creates a false impression to shareholders during a highly sensitive process. I remain fully committed to the Gad shareholder-aligned slate and to transparent, ethical governance."
Ms. Leoni added: "I made it unequivocally clear to Mr. Eriksen that I did not consent to being nominated on his slate. Including my name without permission is a disservice to shareholders. I remain fully committed to the Gad shareholder-aligned slate and to transparent, ethical governance."
Despite their clear instructions, Mr. Rivera and Ms. Leoni's names were included without their consent - an act that misleads shareholders and a potential violation of Delaware law.
CONTACT:
hmgad78@gmail.com
SOURCE: Sham Gad
View the original press release on ACCESS Newswire
FAQ
What controversy is surrounding Paragon Technologies (PGNT) board nominations?
Paragon Technologies' board included Ronell Rivera and Elodie Leoni in their management slate without their consent, despite both individuals explicitly declining to be nominated.
Who are Ronell Rivera and Elodie Leoni supporting in the Paragon Technologies (PGNT) board election?
Both Rivera and Leoni have publicly stated they remain fully committed to the Gad shareholder-aligned slate, not the management slate.
What potential legal issues does Paragon Technologies (PGNT) face from unauthorized nominations?
The unauthorized inclusion of nominees without their consent potentially violates Delaware law and could lead to legal consequences.
How did Paragon Technologies (PGNT) nominees respond to their unauthorized inclusion?
Both nominees issued public statements denouncing their unauthorized inclusion and reaffirming their commitment to the Gad shareholder-aligned slate.
What impact could the unauthorized nominations have on PGNT shareholders?
The unauthorized nominations create misleading proxy materials that could confuse shareholders during the voting process and raise concerns about corporate governance.
Paragon Technologies Inc