Gad Announces His Intention to Solicit Stockholder Support For His Slate of Five Uniquely Qualified Director Candidates
Hesham 'Sham' Gad, the largest stockholder of Paragon Technologies (OTC PINK:PGNT) with approximately 28.4% ownership, has announced his intention to solicit proxies and consents for his proposed slate of five director candidates for election to the Company's Board of Directors.
The announcement, made on March 26, 2025, follows his previous press release from March 18, 2025, which detailed information about the director candidates and expressed concerns regarding the Board's entrenchment actions and wasteful spending. Gad emphasized his commitment to working towards securing a bright future for Paragon for the benefit of its stockholders.
Hesham 'Sham' Gad, il maggiore azionista di Paragon Technologies (OTC PINK:PGNT) con circa 28,4% di possesso, ha annunciato la sua intenzione di richiedere deleghe e consensi per la sua proposta di cinque candidati per il consiglio di amministrazione dell'azienda.
L'annuncio, fatto il 26 marzo 2025, segue il suo precedente comunicato stampa del 18 marzo 2025, che forniva dettagli sui candidati e esprimeva preoccupazioni riguardo alle azioni di consolidamento del Consiglio e alla spesa eccessiva. Gad ha sottolineato il suo impegno a lavorare per garantire un futuro luminoso per Paragon a beneficio dei suoi azionisti.
Hesham 'Sham' Gad, el mayor accionista de Paragon Technologies (OTC PINK:PGNT) con aproximadamente 28.4% de propiedad, ha anunciado su intención de solicitar poderes y consentimientos para su propuesta de cinco candidatos a directores para la elección a la Junta Directiva de la empresa.
El anuncio, realizado el 26 de marzo de 2025, sigue a su comunicado de prensa anterior del 18 de marzo de 2025, que detallaba información sobre los candidatos a directores y expresaba preocupaciones sobre las acciones de consolidación de la Junta y el gasto derrochador. Gad enfatizó su compromiso de trabajar para asegurar un futuro brillante para Paragon en beneficio de sus accionistas.
헤샴 '샴' 가드, 파라곤 테크놀로지스 (OTC PINK:PGNT)의 최대 주주로 약 28.4%의 지분을 보유하고 있는 그는 회사 이사회에 선출될 5명의 이사 후보 목록에 대한 위임장과 동의를 요청할 의사를 발표했습니다.
2025년 3월 26일 발표된 이 소식은 2025년 3월 18일에 발표된 이전 보도자료에 이어 나온 것으로, 이사 후보들에 대한 정보와 이사회의 고착화 조치 및 낭비적인 지출에 대한 우려를 표명했습니다. 가드는 주주들의 이익을 위해 파라곤의 밝은 미래를 확보하기 위해 노력하겠다는 의지를 강조했습니다.
Hesham 'Sham' Gad, le plus grand actionnaire de Paragon Technologies (OTC PINK:PGNT) avec environ 28,4% de propriété, a annoncé son intention de solliciter des procurations et des consentements pour sa liste proposée de cinq candidats au conseil d'administration de l'entreprise.
L'annonce, faite le 26 mars 2025, fait suite à son précédent communiqué de presse du 18 mars 2025, qui détaillait des informations sur les candidats au conseil et exprimait des préoccupations concernant les actions de maintien du conseil et les dépenses inutiles. Gad a souligné son engagement à travailler pour assurer un avenir radieux pour Paragon au bénéfice de ses actionnaires.
Hesham 'Sham' Gad, der größte Aktionär von Paragon Technologies (OTC PINK:PGNT) mit etwa 28,4% Anteil, hat seine Absicht angekündigt, Vollmachten und Zustimmungen für seine vorgeschlagene Liste von fünf Direktorenkandidaten zur Wahl in den Vorstand des Unternehmens einzuholen.
Die Ankündigung, die am 26. März 2025 gemacht wurde, folgt auf seine vorherige Pressemitteilung vom 18. März 2025, die Informationen über die Direktorenkandidaten enthielt und Bedenken hinsichtlich der Festhaltungsmaßnahmen des Vorstands und der verschwenderischen Ausgaben äußerte. Gad betonte sein Engagement, auf eine strahlende Zukunft für Paragon im Interesse seiner Aktionäre hinzuarbeiten.
- Largest shareholder (28.4% ownership) actively engaging in corporate governance
- Potential for board refresh with five new director candidates
- Ongoing corporate governance disputes between major shareholder and current board
- Allegations of wasteful spending by current board
- Signs of board entrenchment issues
Reiterates His Commitment to Working to Secure a Bright Future for Paragon
NEW YORK, NY / ACCESS Newswire / March 26, 2025 / Hesham "Sham" Gad, the largest stockholder of Paragon Technologies, Inc. (OTC PINK:PGNT) ("Paragon" or the "Company"), owning approximately
For additional information on Mr. Gad's director candidates and his concerns about the remainder of the Board's continued entrenchment actions and wasteful spending, please refer to his press release issued on March 18, 2025, which can be found here: https://www.accessnewswire.com/newsroom/en/banking-and-financial-services/gad-announces-nomination-of-five-uniquely-qualified-director-candida-1002053
CONTACT:
hmgad78@gmail.com
SOURCE: Sham Gad
View the original press release on ACCESS Newswire
FAQ
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