LGL Group (NYSE: LGL) sets CEO base salary at $190,000
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
The LGL Group, Inc. updated the compensation terms for Chief Executive Officer Jason Lamb. Effective January 5, 2026, when he began serving as CEO, Mr. Lamb is entitled to an annual base salary of $190,000, subject to annual review by the Board of Directors.
This base salary is in addition to the previously disclosed $60,000 incentive draw. The Board approved this modification on March 25, 2026, and there were no other changes to Mr. Lamb’s compensation arrangements.
Positive
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Negative
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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.
Key Figures
CEO base salary: $190,000 per year
Incentive draw: $60,000
Board approval date: March 25, 2026
+2 more
5 metrics
CEO base salary
$190,000 per year
Effective January 5, 2026 for Chief Executive Officer Jason Lamb
Incentive draw
$60,000
Previously disclosed incentive draw for CEO Jason Lamb
Board approval date
March 25, 2026
Date Board approved modification to CEO compensatory arrangement
Effective service date
January 5, 2026
Date Jason Lamb commenced service as Chief Executive Officer
Report signature date
March 30, 2026
Date the report was signed by Executive Vice President - Business Development
Key Terms
compensatory arrangement, incentive draw, Compensation Committee, Emerging growth company, +1 more
5 terms
compensatory arrangement financial
"approved a modification to the compensatory arrangement for Jason Lamb, Chief Executive Officer"
incentive draw financial
"This salary is in addition to the $60,000 incentive draw previously disclosed"
Compensation Committee financial
"the Board of Directors ... upon recommendation of the Compensation Committee, approved a modification"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
Emerging growth company regulatory
"Emerging growth company On March 25, 2026, the Board of Directors"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Securities Exchange Act of 1934 regulatory
"Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): March 30, 2026 (March 25, 2026 )
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(407 ) 298-2000
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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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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. ☐
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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 March 25, 2026, the Board of Directors of The LGL Group, Inc. (the "Company"), upon recommendation of the Compensation Committee, approved a modification to the compensatory arrangement for Jason Lamb, Chief Executive Officer.
Effective January 5, 2026, the date on which Mr. Lamb commenced his service as Chief Executive Officer, Mr. Lamb will be entitled to receive an annual base salary of $190,000, subject to annual review by the Board of Directors. This salary is in addition to the $60,000 incentive draw previously disclosed in Amendment No. 1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on January 9, 2026. Except as described above, there were no other changes to Mr. Lamb's compensation arrangements.
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: March 30, 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 CEO compensation change did LGL (LGL) disclose in this 8-K?
LGL updated Chief Executive Officer Jason Lamb’s compensation to include a $190,000 annual base salary. This salary applies retroactively to January 5, 2026, when he became CEO, and is in addition to a previously disclosed $60,000 incentive draw.
When does Jason Lamb’s new $190,000 base salary at LGL (LGL) take effect?
Jason Lamb’s $190,000 annual base salary is effective as of January 5, 2026. That date marks the start of his service as Chief Executive Officer, and the Board later approved the modification on March 25, 2026.
Does the LGL (LGL) CEO still receive the $60,000 incentive draw?
Yes. The filing states that the $190,000 annual base salary is in addition to the $60,000 incentive draw. That incentive draw was previously disclosed and remains part of Jason Lamb’s overall compensation package as Chief Executive Officer.
Who approved the change to LGL (LGL) CEO Jason Lamb’s compensation?
The Board of Directors of The LGL Group, Inc., acting on the recommendation of its Compensation Committee, approved the modification. The approval occurred on March 25, 2026, and confirmed the updated salary terms for Jason Lamb as CEO.
Were there any other changes to LGL (LGL) CEO Jason Lamb’s compensation?
No. The filing specifies that, apart from the $190,000 annual base salary in addition to the $60,000 incentive draw, there were no other changes to Jason Lamb’s compensation arrangements as Chief Executive Officer of The LGL Group, Inc.