Core Points - The LGL Group, Inc. will hold its 2025 Annual Meeting of Stockholders on June 2, 2025, at the Bruce Museum, with a record date of April 25, 2025, for stockholders entitled to vote [1][7][22] - Management will discuss the 2024 results and operational outlook, including opportunities from the investment in Morgan Group [2][7] - The company has appointed Vice Admiral Colin Kilrain to its Board of Directors, bringing extensive military and leadership experience [4][7] Financial Performance - Total revenues for the fiscal year 2024 increased by $614,000 to $4,292,000 compared to $3,678,000 in 2023 [5] - Gross margin decreased to 53.0% in 2024 from 53.9% in 2023 due to increased costs and lower-margin product sales [8] - Net income rose to $432,000, or $0.08 per diluted share, in 2024, up from $269,000, or $0.05 per diluted share, in 2023 [8][14] Investment Activities - LGL Group finalized an agreement to purchase 1,000,000 shares of Morgan Group Holding Co. at $2.00 per share, expected to close in Q2 2025 [11][12] - The acquisition will allow LGL to enhance its operational capabilities and provide investment opportunities across various industries [13][15] Business Developments - The P3 Division has developed AI-driven prototypes for Tactical Edge Computing, targeting industries such as defense and agriculture [19][20] - P3 was invited to participate in DARPA's Venture Horizons program, indicating a focus on technology development [20] Liquidity and Capital Structure - As of December 31, 2024, LGL Group's working capital was $41,738,000, with current assets of $42,642,000 and current liabilities of $904,000 [10] - The company holds investments valued at $41.2 million, with $24.6 million in the Merchant Investment business [10] Corporate Governance - The management team includes Nathan Miller as COO and Tiffany Hayden as VP, with Marc Gabelli as CEO [3][7] - Stockholder proposals for the 2025 Annual Meeting must be submitted by April 26, 2025 [21][24]