The LGL Group, Inc. to Hold its 2011 Annual Meeting of Stockholders on Thursday, August 4, 2011

ORLANDO, Fla., July 8, 2011 /PRNewswire/ -- The LGL Group, Inc. (NYSE Amex: LGL) (the "Company") announced today that its 2011 Annual Meeting of Stockholders (the "2011 Annual Meeting") will be held on Thursday, August 4, 2011, at 9:00 a.m., local time, at The Union League Club, 38 East 37th Street, New York, NY 10016.  The record date for stockholders to receive notice of, and to vote at, the 2011 Annual Meeting was June 23, 2011.  Stockholders are cordially invited to attend the meeting in person to meet with management to discuss recent results and current business activities.  The agenda will be as follows:  

• 9:00 a.m.    2011 Annual Meeting of Stockholders
• 9:30 a.m.    Management's presentation of recent results and current activities;
• 10:00 a.m.  Question and answer
• 10:30 a.m.  Adjournment

In addition, the Company announced that on June 28, 2011, Messrs. James Abel, Vincent Enright and Manjit Kalha were elected to the Company’s Board of Directors.  Mr. Abel has more than 40 years of finance and accounting experience, including 18 years as Chief Financial Officer of The Lamson & Sessions Co., a manufacturer and distributor of electrical products for the Industrial/Commercial and Telecommunications Infrastructure markets.  Mr. Enright currently serves as a Director and Chairman of the Audit Committee for certain funds managed by Gabelli Funds, LLC, and served in various senior management roles for 33 years, including 5 years as Chief Financial Officer, with KeySpan Corporation, an energy holding company with utilities providing energy throughout the New York state area.  Mr. Kalha is Chief Executive Officer of Jeet Associates Private Limited, a consulting firm based in New Delhi, India, and began his career in Arthur Anderson’s New Dehli office.  He is a Chartered Accountant and a fellow member of the Institute of Chartered Accountants of India.  LGL’s Chairman of the Board, Marc Gabelli, said, “Each of these individuals brings to LGL significant knowledge of the capital markets and outstanding financial management experience.  Their addition to the Board will support the Company’s continuing mission of creating shareholder value.”

Two incumbent members of the Board, Messrs. Hans Wunderl and Robert Zuccaro, will not stand for re-election at the 2011 Annual Meeting.  Mr. Gabelli said, "We thank our departing directors for their efforts and contributions in positioning the Company for further success in the future."

About The LGL Group, Inc.

The LGL Group, Inc., through its wholly-owned subsidiary MtronPTI, manufactures and markets highly engineered electronic components used to control the frequency or timing of signals in electronic circuits.  These devices are used extensively in electronic systems for military applications, avionics, earth-orbiting satellites, medical devices, instrumentation, industrial devices and global positioning systems.  They are also used in infrastructure equipment for the telecommunications and network equipment industries.  The Company has operations in Orlando, Florida, Yankton, South Dakota and Noida, India, and sales offices in Hong Kong and Shanghai, China.

For more information on the Company and its products and services, contact LaDuane Clifton at The LGL Group, Inc., 2525 Shader Rd., Orlando, Florida 32804, (407) 298-2000, or visit the Company's Web site: www.lglgroup.com.

Caution Concerning Forward Looking Statements

This document includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances.  Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors.  More detailed information about those factors is contained in The LGL Group's filings with the U.S. Securities and Exchange Commission.

Contacts:  LaDuane Clifton, The LGL Group, Inc.:   (407) 298-2000,
                Email: [email protected]

SOURCE The LGL Group, Inc.