LGL GROUP INC — Board/Management Information 2004

Oct 8, 2004

8-K 1 form8k03725_10062004.htm sec document 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) October 6, 2004 --------------- LYNCH CORPORATION (Exact Name of Registrant as Specified in Its Charter) Indiana 1-106 38-1799862 -------------------------------------------------------------------------------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 50 Kennedy Plaza, Suite 1250 Providence, Rhode Island 02903 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (401) 453-2007 (Registrant's Telephone Number, Including Area Code) N/A (Former name or former address, if changed since last report) 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 (see General Instruction A.2 below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230 425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. ---------------------------------- On October 6, 2004, the Board of Directors of Lynch Corporation, Inc. ("Lynch" or the "Corporation") announced that Ralph R. Papitto, the Chief Executive Officer of the Corporation and Richard E. McGrail, the President and Chief Operating Officer of the Corporation, have both resigned from their respective positions in the Company. As previously reported, Mr. Papitto will serve as Chairman Emeritus and Co-Chairman of a Board of Advisors, alongside Mr. Mario J. Gabelli. Mr. Papitto served as Lynch's Chief Executive Officer and Mr. McGrail served as Lynch's President and Chief Operating Officer since October 15, 2001. John C. Ferrara, 53, a current Director of Lynch Corporation, was named as the President and Chief Executive Officer of Lynch Corporation. Mr. Ferrara was the President and Chief Executive Officer of Space Holding Corporation from December 2000 to March 2002, and Chief Financial Officer from November 1999 to December 2000. He was the Executive Vice President and Chief Financial Officer of Golden Books Family Entertainment, Inc. from 1998 to 1999, and Vice President and Chief Financial Officer of Renaissance Communications Corp. from 1989 to 1997. Mr. Ferrara previously held financial positions at the American Express Company, the National Broadcasting Company and Deloitte & Touche LLP. Mr. Ferrara does not have any family relationships with any of the directors, executive officers of the Corporation or any people nominated or chosen by the Corporation to become a director or executive officer. On October 6, 2004, the Board of Directors also announced that Eugene Hynes was named Vice President, Secretary and Treasurer of Lynch. For additional information, reference is made to a press release filed by the Corporation on October 7, 2004, which is attached hereto as Exhibit 99.1 and incorporated herein by reference. Item 9.01 Financial Statements and Exhibits. --------------------------------- (c) Exhibits Exhibit No. Exhibits ----------- -------- 99.1 Press Release dated October 7, 2004. 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. Dated: October 8, 2004 By:/s/ John C. Ferrara --------------------- John C. Ferrara President and Chief Executive Officer