LGL Group Inc. reported that Vice President / Controller Christopher Bruns directly held 20,000 shares of common stock as of October 1, 2026. The holding includes 6,667 unvested shares of restricted common stock remaining from a 10,000-share grant on May 12, 2026; continued vesting is subject to his continued service.
The LGL Group, Inc. designated Christopher W. Bruns, its Vice President and Controller, as principal accounting officer effective October 1, 2026; Linda M. Biles ceased serving in that role on the same date. Bruns, 38, has more than 12 years of accounting and finance experience. Before joining the company in May 2026, he held accounting roles at Urban One and FTI Consulting and began his career in public accounting at Ernst & Young; he is a Certified Public Accountant. The company stated that no new compensatory arrangements had been entered into with Bruns and no changes had been made to existing arrangements.
The LGL Group, Inc. (LGL) has completed its previously approved redomestication, changing its state of incorporation from Delaware to Nevada. The move became effective on September 1, 2026 at 4:00 p.m. Eastern Time through filings in both states and the adoption of new Nevada Articles of Incorporation and Bylaws.
Each outstanding share of LGL common stock automatically converted on a one-for-one basis into a share of the Nevada corporation, with no action required from stockholders. The company states that the redomestication does not change its business, operations, management, assets, liabilities, workforce, or material contracts, and its common stock continues to trade on the NYSE American under the symbol LGL with the same CUSIP.
LGL GROUP INC (symbol: LGL) is the issuer of record for a Form 8-K filing submitted to the SEC.
LGL GROUP INC (LGL) reports that Vice President Tiffany Renee Hayden sold 10,000 Subscription Rights on July 15, 2026 at $0.0062 per right. Each right entitled the holder to purchase one share of common stock at an exercise price of $6.90 per share.
Following this transaction, Hayden directly holds 10,000 shares of common stock, including 3,333 fully vested shares and 6,667 restricted shares. Of the restricted shares, 3,333 are scheduled to vest on January 16, 2027 and 3,334 on January 16, 2028, in each case under the applicable award agreement.
The LGL Group, Inc. reported higher revenue but larger losses for the quarter ended June 30, 2026. Total revenues were $1,153 thousand, up from $924 thousand, driven by a 52.7% increase in net sales to $750 thousand as backlog converted to shipments. Net investment income was $412 thousand, slightly below $428 thousand a year earlier, and marketable securities produced a small loss.
Total expenses rose sharply to $1,600 thousand from $955 thousand, mainly from higher manufacturing costs and engineering, selling and administrative expenses, including a large increase in stock-based compensation. The result was a loss before income taxes of $447 thousand versus $31 thousand, and a net loss attributable to common stockholders of $353 thousand, or $0.06 per share. For the first six months, the net loss attributable to common stockholders was $975 thousand.
LGL ended June 30, 2026 with $45,435 thousand in cash, cash equivalents and restricted cash and total assets of $49,684 thousand, with no debt. Subsequent to quarter-end, the company completed a subscription rights offering, issuing 3,419,215 shares on exercise of rights plus 2,643,499 shares via oversubscription, for gross proceeds of $41.8 million, materially increasing capital. During the quarter the Merchant Investment segment, through Skyline SPV, acquired a $1,968 thousand convertible promissory note of Skyline Instruments Corporation and associated governance rights, which is measured at fair value as a Level 3 asset.
The LGL Group, Inc. reported higher revenue but wider losses for the three and six months ended June 30, 2026. Second-quarter revenues were $1,153,000, up 24.8% from $924,000, driven mainly by a $259,000 increase in Net sales in the Electronic Instruments segment as backlog shipments converted to revenue. However, gross margin fell to 49.2% from 57.0% due to product and pricing mix, including volume-based pricing for a single customer.
Net loss attributable to common stockholders increased to $353,000, or $0.06 per diluted share, from $51,000, or $0.01, mainly from higher Engineering, selling, and administrative expenses, including higher stock-based compensation and professional fees. For the first half of 2026, revenues rose 21.5% to $2,238,000, but net loss widened to $975,000. Cash and cash equivalents and marketable securities were $45.2 million as of June 30, 2026.
LGL’s order backlog was $3,628,000 as of June 30, 2026, up sharply from $625,000 at December 31, 2025, and includes part of a series of August 2026 orders totaling $6.0 million. A January 2026 warrant dividend program generated about $5.0 million, and a July 2026 transferable rights offering generated roughly $41.8 million, bringing cash and marketable securities to over $86.0 million and increasing shares outstanding to approximately 12.6 million.
LGL Group Inc. shareholder Marc Gabelli and affiliated entities report beneficial ownership of 4,387,727 shares of common stock, representing approximately 34.8% of the outstanding class, based on 12,592,466 shares outstanding as reported by the company.
Gabelli directly owns 2,009,121 shares, with a further 2,378,606 shares held by Venator Merchant Fund, L.P., over which Gabelli and Venator Global, LLC may be deemed to share beneficial ownership while each disclaims ownership beyond their pecuniary interests. The reporting persons used approximately $22,988,557 to purchase additional stock since the prior filing, including $12,792,703 by Gabelli and $10,195,854 by Venator Merchant Fund, L.P. On July 15, 2026, Gabelli purchased 1,854,015 shares and Venator Merchant Fund, L.P. purchased 1,477,660 shares, each at $6.90 per share, in connection with LGL Group’s subscription rights offering.
Marc Gabelli, a director and more than 10% owner of LGL Group Inc., reported exercising subscription rights on July 15, 2026 to acquire Common Stock at 6.9000 per share. He exercised rights for 114,523 shares held directly and 764,303 shares held indirectly through Venator Merchant Fund, L.P. Following these exercises, he holds 2,009,121 LGL shares directly and 2,378,606 shares indirectly via the limited partnership, while the Subscription Rights positions were reduced to zero.
LGL Group Inc. Chief Executive Officer Jason D. Lamb exercised subscription rights to acquire 50,000 shares of common stock at $6.90 per share on July 15, 2026. Following this exercise, he directly holds 100,000 common shares and retains fully vested stock options covering 50,000 additional shares at an exercise price of $7.66 expiring January 16, 2031.