The LGL Group (NYSE American: LGL) adds CEO Jason Lamb pay terms
Filing Impact
Filing Sentiment
Form Type
8-K/A
Rhea-AI Filing Summary
The LGL Group, Inc. filed an amended current report to add details about compensation for its new Chief Executive Officer, Jason Lamb. The original report had announced his appointment as CEO, effective immediately, but noted that his compensation package was not yet finalized.
This amendment states that on January 5, 2026, the company approved Mr. Lamb’s compensation arrangements in connection with his CEO role. Aside from adding this compensation disclosure, all other information from the earlier report remains unchanged.
Positive
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Negative
- None.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
Amendment No. 1
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): January 9, 2026 (January 5, 2026 )
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(Commission File Number)
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(IRS Employer Identification No.)
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(Address of Principal Executive Offices)
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(Zip Code)
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(407 ) 298-2000
Registrant’s Telephone Number, Including Area Code
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(Former Name or Former Address, If Changed Since Last Report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Explanatory Note
This Amendment No. 1 on Form 8-K/A (this "Amendment") is being filed to amend the Current Report on Form 8-K filed by The LGL Group, Inc., a Delaware corporation (the "Company"), with the Securities and Exchange Commission (the "SEC") on January 7, 2026 (the "Original Form 8-K"). In the Original Form 8-K, the Company disclosed the appointment of Jason Lamb as Chief Executive Officer, effective immediately, but the Company indicated the compensation arrangements for Mr. Lamb had not yet been finalized. This Amendment is being filed to disclose such compensation arrangements. Except as set forth herein, the Original Form 8-K remains unchanged.
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Item 5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On January 5, 2026, the Company approved the compensation arrangement for Mr. Lamb in connection with his appointment as Chief Executive Officer.
The material terms of Mr. Lamb's compensation are summarized below:
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(i)
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an annual draw of $60,000 against incentive compensation (the "Base Draw");
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(ii)
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eligibility to receive incentive compensation for identifying, analyzing and managing investment opportunities according to standard payout rates then in effect to the extent it exceeds the Base Draw plus expenses; and
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(iii)
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eligibility to receive a discretionary annual bonus based on individual performance and performance of the Company.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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THE LGL GROUP, INC.
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| Date: January 9, 2026 |
By:
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/s/ Patrick Huvane
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Name:
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Patrick Huvane
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Title:
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Executive Vice President - Business Development
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FAQ
What did LGL (LGL) disclose in this amended report?
The company filed an amendment to a prior report to disclose the compensation arrangements for Jason Lamb, who was recently appointed as Chief Executive Officer.
Why did The LGL Group, Inc. (LGL) amend its earlier filing?
The earlier report announced Jason Lamb’s appointment as CEO but stated that his compensation had not yet been finalized. This amendment is to disclose those compensation arrangements.
Who is the new CEO mentioned in LGL’s amended filing?
The amended filing concerns Jason Lamb, who has been appointed as Chief Executive Officer of The LGL Group, Inc.
When did LGL approve Jason Lamb’s CEO compensation?
The company approved Jason Lamb’s compensation arrangement in connection with his CEO appointment on January 5, 2026.
Does this LGL amendment change other parts of the prior report?
The amendment states that, except for the added compensation disclosure for Jason Lamb, the original report remains unchanged.
What stock exchange is LGL’s common stock listed on?
The LGL Group, Inc.’s common stock, par value $0.01, trades on the NYSE American under the symbol LGL.