Paragon Technologies Provides Update on CEO Succession Plan
Rhea-AI Impact
Rhea-AI Sentiment
Rhea-AI Summary
Paragon Technologies (OTC PINK:PGNT) announced an update to its CEO succession plan. Current Interim CEO Sam Weiser will step down from his position on June 30, 2025, following the Annual Meeting of Stockholders. The company is in the midst of a proxy contest between the current board's slate and Hesham Gad's slate. If Paragon's director slate wins, a board member will serve as Interim CEO while the company conducts a search for a permanent CEO. The company aims to have a new permanent CEO in place by October 1, 2025, and has already received interest from qualified executives. Paragon emphasized its commitment to finding an exceptional leader to drive innovation and growth.
Paragon Technologies (OTC PINK:PGNT) ha annunciato un aggiornamento al piano di successione del CEO. L'attuale CEO ad interim, Sam Weiser, lascerà il suo incarico il 30 giugno 2025, dopo l'Assemblea Annuale degli Azionisti. La società è attualmente coinvolta in una contesa per la nomina del consiglio tra la lista dell'attuale consiglio e quella guidata da Hesham Gad. Se vincerà la lista dei direttori di Paragon, un membro del consiglio assumerà il ruolo di CEO ad interim mentre l'azienda cercherà un CEO permanente. L'obiettivo è avere un nuovo CEO permanente entro il 1° ottobre 2025, e sono già arrivate manifestazioni di interesse da parte di dirigenti qualificati. Paragon ha sottolineato il suo impegno a trovare un leader eccezionale per guidare innovazione e crescita.
Paragon Technologies (OTC PINK:PGNT) anunció una actualización en su plan de sucesión del CEO. El actual CEO interino, Sam Weiser, renunciará a su cargo el 30 de junio de 2025, tras la Junta Anual de Accionistas. La compañía está en medio de una contienda por el control del consejo entre la lista actual y la encabezada por Hesham Gad. Si gana la lista de directores de Paragon, un miembro del consejo asumirá como CEO interino mientras se busca un CEO permanente. La empresa espera contar con un nuevo CEO permanente para el 1 de octubre de 2025 y ya ha recibido interés de ejecutivos calificados. Paragon destacó su compromiso de encontrar un líder excepcional que impulse la innovación y el crecimiento.
Paragon Technologies(OTC PINK:PGNT)는 CEO 승계 계획에 대한 업데이트를 발표했습니다. 현 임시 CEO인 샘 와이저(Sam Weiser)는 2025년 6월 30일 주주총회 이후 직위에서 물러날 예정입니다. 회사는 현재 현 이사회 명단과 Hesham Gad 명단 간의 대리인 경쟁 중에 있습니다. Paragon의 이사회 명단이 승리할 경우, 이사회 구성원이 임시 CEO 역할을 맡아 영구 CEO를 찾는 동안 회사를 이끌게 됩니다. 회사는 2025년 10월 1일까지 새로운 영구 CEO를 임명하는 것을 목표로 하고 있으며, 이미 자격을 갖춘 경영진들의 관심을 받고 있습니다. Paragon은 혁신과 성장을 이끌 탁월한 리더를 찾는 데 전념하고 있음을 강조했습니다.
Paragon Technologies (OTC PINK:PGNT) a annoncé une mise à jour de son plan de succession du PDG. L'actuel PDG par intérim, Sam Weiser, quittera son poste le 30 juin 2025, après l'Assemblée générale annuelle des actionnaires. La société est en pleine contestation entre la liste du conseil actuel et celle menée par Hesham Gad. Si la liste des administrateurs de Paragon l'emporte, un membre du conseil assumera le rôle de PDG par intérim pendant que la société recherche un PDG permanent. L'objectif est de nommer un nouveau PDG permanent d'ici le 1er octobre 2025, et des cadres qualifiés ont déjà manifesté leur intérêt. Paragon a souligné son engagement à trouver un leader exceptionnel pour stimuler l'innovation et la croissance.
Paragon Technologies (OTC PINK:PGNT) hat ein Update seines CEO-Nachfolgeplans bekanntgegeben. Der derzeitige Interims-CEO Sam Weiser wird sein Amt zum 30. Juni 2025 nach der Hauptversammlung der Aktionäre niederlegen. Das Unternehmen befindet sich in einem Stellvertreterkampf zwischen dem aktuellen Vorstandsteam und der Liste von Hesham Gad. Sollte die Paragon-Direktorenliste gewinnen, wird ein Vorstandsmitglied als Interims-CEO fungieren, während die Suche nach einem festen CEO läuft. Das Unternehmen plant, bis zum 1. Oktober 2025 einen neuen festen CEO zu ernennen und hat bereits Interesse von qualifizierten Führungskräften erhalten. Paragon betonte sein Engagement, eine herausragende Führungskraft zu finden, die Innovation und Wachstum vorantreibt.
Positive
- Several qualified executives have already expressed interest in the CEO position
- Clear timeline established for permanent CEO appointment by October 1, 2025
- Structured transition plan in place to ensure leadership continuity
Negative
- Ongoing proxy contest creates uncertainty in leadership transition
- Interim leadership arrangement may cause temporary strategic uncertainty
- Short timeline between interim and permanent CEO may impact thorough search process
EASTON, PA / ACCESS Newswire / June 12, 2025 / Paragon Technologies, Inc. (OTC PINK:PGNT), a diversified holding company, today provided an update on its CEO succession plan. As previously disclosed, Interim CEO, Sam Weiser will not seek re-election at the upcoming Annual Meeting of Stockholders on June 30, 2025, and will cease his role as Interim CEO on that date.
If Paragon's director slate prevails over Hesham "Sham" Gad's slate in the proxy contest at the Annual Meeting, the newly constituted board will meet and it is expected that one of the board members on Paragon's slate will serve as Interim CEO after the Annual Meeting. The Board will promptly commence a CEO search to identify the next CEO with the goal of having a permanent CEO in place by October 1, 2025. We have already had some very qualified executives reach out and express interest. The Company is committed to conducting a thorough and comprehensive search process to identify an exceptional leader who will drive Paragon Technologies' continued innovation and growth.
About Paragon Technologies
Paragon Technologies, Inc. is a holding company owning subsidiaries that engage in diverse business activities, including material handling, distribution, real estate, and investments. For additional information please visit: www.pgntgroup.com.
Investor Relations Contact:
Alliance Advisors IR
ParagonIR@allianceadvisors.com
SOURCE: Paragon Technologies Inc.
View the original press release on ACCESS Newswire
FAQ
When will Paragon Technologies (PGNT) current Interim CEO Sam Weiser step down?
Sam Weiser will step down as Interim CEO on June 30, 2025, following the Annual Meeting of Stockholders.
Who will be the next CEO of Paragon Technologies (PGNT)?
If Paragon's director slate wins the proxy contest, a board member will serve as Interim CEO while the company searches for a permanent CEO, targeting appointment by October 1, 2025.
What is the timeline for Paragon Technologies (PGNT) to appoint a permanent CEO?
Paragon Technologies aims to have a permanent CEO in place by October 1, 2025.
What is the current leadership situation at Paragon Technologies (PGNT)?
The company is in a proxy contest between the current board's slate and Hesham Gad's slate, with Interim CEO Sam Weiser stepping down on June 30, 2025.
How will Paragon Technologies (PGNT) manage the CEO transition?
If the current board's slate wins, a board member will serve as Interim CEO while the company conducts a comprehensive search for a permanent CEO.
Paragon Technologies Inc