Paragon Technologies Appoints Three New Independent Directors
Paragon Technologies (OTC PINK:PGNT) has appointed three new independent directors: David Lontini, Howard Brownstein, and Tim Eriksen, while announcing the retirement of Jack Jacobs after 12 years of service, effective December 31, 2024. The board will temporarily expand from three to six directors before reducing to five upon Jacobs' retirement.
The new directors bring diverse expertise: Eriksen is CEO of Solitron Devices and specializes in micro-cap stocks; Brownstein has extensive experience in corporate governance and investment banking; and Lontini, current Chairman of Check Cap , is known for operational optimization. They will exclusively compose the company's Audit, Compensation, and Nominating Committees, with Brownstein, Lontini, and Eriksen serving as respective chairs.
Paragon Technologies (OTC PINK:PGNT) ha nominato tre nuovi direttori indipendenti: David Lontini, Howard Brownstein e Tim Eriksen, e ha annunciato il ritiro di Jack Jacobs dopo 12 anni di servizio, efficace dal 31 dicembre 2024. Il consiglio di amministrazione si espanderà temporaneamente da tre a sei membri prima di ridursi a cinque al momento del ritiro di Jacobs.
I nuovi direttori portano con sé competenze diverse: Eriksen è CEO di Solitron Devices e si specializza in azioni a micro-cap; Brownstein ha una vasta esperienza nella governance aziendale e nell'investment banking; e Lontini, attuale presidente di Check Cap, è conosciuto per l'ottimizzazione operativa. Costituiranno esclusivamente i Comitati di Audit, Compensazione e Nomina dell'azienda, con Brownstein, Lontini ed Eriksen che serviranno come rispettivi presidenti.
Paragon Technologies (OTC PINK:PGNT) ha nombrado a tres nuevos directores independientes: David Lontini, Howard Brownstein y Tim Eriksen, anunciando la jubilación de Jack Jacobs tras 12 años de servicio, a partir del 31 de diciembre de 2024. La junta se expandirá temporalmente de tres a seis directores antes de reducirse a cinco tras la jubilación de Jacobs.
Los nuevos directores aportan una experiencia diversa: Eriksen es CEO de Solitron Devices y se especializa en acciones de micro-cap; Brownstein tiene una amplia experiencia en gobernanza corporativa y banca de inversión; y Lontini, actual presidente de Check Cap, es conocido por la optimización operativa. Ellos constituirán exclusivamente los Comités de Auditoría, Compensación y Nominaciones de la empresa, con Brownstein, Lontini y Eriksen sirviendo como respectivos presidentes.
파라고온 테크놀로지스 (OTC PINK:PGNT)는 세 명의 새로운 독립 이사를 임명했습니다: 데이빗 론티니(David Lontini), 하워드 브라운스틴(Howard Brownstein), 팀 에리크센(Tim Eriksen)이며, 잭 제이콥스(Jack Jacobs)가 12년의 서비스 후 2024년 12월 31일에 은퇴한다고 발표했습니다. 이사회는 제이콥스의 은퇴 후에는 다시 다섯 명으로 줄어들기 전에 세 명에서 여섯 명으로 임시 확대됩니다.
새로운 이사는 다양한 전문성을 갖추고 있습니다: 에리크센은 솔리트론 디바이스의 CEO로 마이크로캡 주식 전문이며; 브라운스틴은 기업 거버넌스와 투자은행에서 폭넓은 경험을 가지고 있고; 론티니는 체크 캡의 현재 의장으로 운영 최적화에 대한 명성이 있습니다. 이들은 회사의 감사, 보상, 및 지명 위원회를 독점적으로 구성하며, 브라운스틴, 론티니, 에리크센이 각 위원회의 의장을 맡게 됩니다.
Paragon Technologies (OTC PINK:PGNT) a nommé trois nouveaux administrateurs indépendants : David Lontini, Howard Brownstein et Tim Eriksen, tout en annonçant la retraite de Jack Jacobs après 12 ans de service, effective le 31 décembre 2024. Le conseil d'administration s'agrandira temporairement de trois à six membres avant de revenir à cinq lors de la retraite de Jacobs.
Les nouveaux administrateurs apportent une expertise diversifiée : Eriksen est le PDG de Solitron Devices et se spécialise dans les actions à micro-cap ; Brownstein a une vaste expérience en gouvernance d'entreprise et en banque d'investissement ; et Lontini, président actuel de Check Cap, est connu pour l'optimisation opérationnelle. Ils composeront exclusivement les comités d'audit, de rémunération et de nomination de l'entreprise, Brownstein, Lontini et Eriksen occupant respectivement les postes de présidents.
Paragon Technologies (OTC PINK:PGNT) hat drei neue unabhängige Direktoren ernannt: David Lontini, Howard Brownstein und Tim Eriksen, während die Pensionierung von Jack Jacobs nach 12 Jahren im Dienst zum 31. Dezember 2024 bekannt gegeben wurde. Der Vorstand wird vorübergehend von drei auf sechs Direktoren erweitert, bevor er nach Jacobs' Pensionierung auf fünf reduzierte wird.
Die neuen Direktoren bringen vielfältige Fachkenntnisse mit: Eriksen ist CEO von Solitron Devices und auf Micro-Cap-Aktien spezialisiert; Brownstein hat umfangreiche Erfahrung in Unternehmensführung und Investmentbanking; und Lontini, der aktuelle Vorsitzende von Check Cap, ist für die operative Optimierung bekannt. Sie werden ausschließlich die Prüfungs-, Vergütungs- und Nominierungsausschüsse des Unternehmens bilden, wobei Brownstein, Lontini und Eriksen als jeweilige Vorsitzende fungieren.
- Addition of three experienced independent directors strengthening corporate governance
- New directors bring specialized expertise in finance, corporate governance, and operational optimization
- Formation of key committees (Audit, Compensation, Nominating) with independent directors
- Loss of long-term board member with 12 years of experience
Board Member Jack Jacobs to Retire
EASTON, PA / ACCESSWIRE / December 20, 2024 / Paragon Technologies, Inc. (OTC PINK:PGNT), a diversified holding company, today announced the appointment of David Lontini, Howard Brownstein, and Tim Eriksen as independent directors of the Board of Directors. The appointments coincide with the retirement of Jack Jacobs, who after 12 successful years as a member of the Board will retire effective December 31, 2024. As a result, Paragon Technologies' board will temporarily expand from three to six directors and will then be reduced to five directors upon Mr. Jacobs' retirement.
Sam Weiser, Chairman and CEO of Paragon Technologies, said, "We are excited to grow our Board of Directors and welcome David, Howard, and Tim as independent directors. These appointments demonstrate Paragon Technologies' commitment to strengthening our corporate governance and maintaining a Board with skills that are relevant to our growing business. Their extensive experience and strategic insights bring an exceptional level of expertise with a particular focus on financial, strategic, operational execution, and business transformation. With the addition of these highly qualified individuals, we are confident in our ability to position Paragon Technologies for long-term success."
Mr. Weiser continued, "On behalf of the Board, I would also like to express our sincere gratitude and appreciation to Jack Jacobs, who has given dedicated service to our Board and the Company. Jack has contributed to the growth and success of our organization in numerous ways throughout his tenure. He has always been a source of wisdom and support for Paragon Technologies. We wish him all the best in his future endeavors."
Mr. Jacobs commented, "It has been an honor to serve on the board of Paragon Technologies and contribute to its growth and success. I am confident that the reconstituted board will lead the company with vision and dedication. Their diverse perspectives and expertise will be imperative as Paragon Technologies moves forward. I extend my best wishes to them."
The new independent directors bring a wealth of experience and expertise to the Board.
Tim Eriksen brings expertise in micro-cap and small-cap stocks, coupled with his board experience, making him a valuable asset to the companies he serves. Tim is a skilled executive with a strong background in finance and investments. Mr. Eriksen is currently the CEO of Solitron Devices and the Managing Member of Eriksen Capital Management and Cedar Creek Partners.
Howard Brownstein is a seasoned business leader with a strong track record in corporate governance and investment banking. He has served on numerous boards of directors, including public companies, private equity-backed firms, and nonprofits. His expertise lies in audit, governance, risk management, and strategic planning. Mr. Brownstein has held leadership positions at various organizations, including Enprotech Corp., The Stone Group, and The Brownstein Corporation.
David Lontini is a highly experienced business consultant with a diverse skill set and a proven track record of success. He is well regarded for optimizing operations, increasing efficiency, and maximizing profitability. Mr. Lontini currently serves as Chairman of the Board for Check Cap Ltd., a NASDAQ-traded company.
Paragon Technologies' Audit Committee, Compensation Committee, and Nominating Committee will be composed solely of the new independent directors David Lontini, Howard Brownstein, and Tim Eriksen. Mr. Brownstein will serve as Chair of the Audit Committee, Mr. Lontini will chair the Compensation Committee, and Mr. Eriksen will chair the Nominating Committee.
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 accesswire.com
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