Trans-Lux Corporation appointed Yantao (Tony) Yu, age 50, as its new Chief Executive Officer on April 13, 2026, following the resignation of Interim CEO John Hammock. The company states that Mr. Hammock’s departure was not due to any disagreement over operations, policies, or practices.
Mr. Yu has served as a director since July 30, 2019 and as Chief Operating Officer since August 1, 2021, while also working as Chief Financial Officer of Unilumin USA, an affiliate of the company’s largest stockholder. He will continue to receive compensation from Trans-Lux at his existing rate of $26,000 per year in addition to his Unilumin compensation.
Trans-Lux Corporation, a designer and manufacturer of LED digital display systems and scoreboards, reported a net loss of $3.5 million for 2024 on revenues of $12.9 million, down 17.3% from 2023. The company has a working capital deficiency of $17.4 million and a stockholders’ deficit of $17.3 million as of December 31, 2024. Cash was $371,000 against total debt of about $5.5 million, most of it classified as current, and several debt instruments and pension obligations are in default or past due. The auditor and management both state there is substantial doubt about Trans-Lux’s ability to continue as a going concern without additional financing or significantly improved performance.