The LGL Group, Inc. (LGL) — Reincorporation detail

Announcement

2026-03-10

First SEC disclosure

Meeting / Vote

2026-05-12

APPROVED_PENDING_EFFECTIVE

Effective

—

Legal effective date

Market Cap

$45M

At announcement

Why this firm matters

Standard cohort firm (Approved_Pending_Effective). Included for breadth across destinations and sectors.

Vote outcome — reincorporation proposal

Approval standard: majority of the voting power of the outstanding stock entitled to vote (DGCL §266 conversion) — provisional pending exact DEF 14A pincite. Meeting type: annual.

For

3,493,598

Against

500,848

Abstain

27,383

Broker non-vote

1,093,864

86.87% approval (For ÷ outstanding voting power (DGCL §266 conversion))

Event-study abnormal returns — announcement window

Returns around the announcement date.

Event date: 2026-03-10 · Estimation window: trailing 240 days; 240 valid after NaN drop

Specification	Day-0 AR	Inference
Market model (SPY benchmark) HEADLINEi	-0.70%	Patell-z p-value = 0.801

Event-study abnormal returns — vote window

Returns around the shareholder-vote (or written-consent) date.

Specification	CAR / BHAR	Details
Cumulative abnormal return — vote windowi	-5.53%	Market-model abnormal return on vote day
Day-of-vote abnormal returni	-5.53%	Market-model benchmark (S&P 500)

*** p < 0.05 · * p < 0.10 · CAR = cumulative abnormal return; BHAR = buy-and-hold abnormal return; FFC6 = Fama-French five-factor + momentum (UMD)

Long-run abnormal returns & pooled estimates

Buy-and-hold abnormal returns (1 / 3 / 6 / 12 months) and calendar-time portfolio alpha (CTE) post-effective.

Specification	CAR / BHAR	Details
Day-of-effective abnormal returni	+0.49%	Market-model benchmark (S&P 500)
Pooled three-event statistici	+2.47%	Pooled three-event statistic

*** p < 0.05 · * p < 0.10 · CAR = cumulative abnormal return; BHAR = buy-and-hold abnormal return; FFC6 = Fama-French five-factor + momentum (UMD)

Cohort-level robustness battery

Heckman selection-corrected ATE · Romano-Wolf step-down + BH FDR · pooled BHAR. This firm's reading is shown in context of the full cohort.

Heckman two-step selection correction (controlled-vs-widely-held)

Cohort ATE = +0.94% (SE = 7.06%, n = 2395) after correcting for controller-status selection (inverse Mills ratio = -0.062).

Romano-Wolf step-down + Benjamini-Hochberg FDR (n = 47)

This firm: raw p = 0.801, Romano-Wolf adjusted p = 1.000, BH-FDR adjusted p = 0.966. Multiple-hypothesis correction is computed across the full cohort to control family-wise error rate at alpha = 0.05.

Pooled cohort BHAR (mover firms only)

BHAR_63d: mean = -5.60% (SE = 22.11%, n = 3, p = 0.499) · BHAR_126d: mean = +17.33% (SE = 41.17%, n = 3, p = 0.774)

See Cohort event study → for the full battery and forest plots.

Nevada Statutory Disclosures

Nevada Revised Statutes (NRS) governance provisions relevant to Delaware→Nevada redomestications. Five sections summarized; each links to the Nevada Legislature’s authoritative NRS text. Counterpart to the Texas § 21.552 / § 21.373 panel for TX-destination firms.

NRS § 78.138 — Director / officer fiduciary duty

Codifies the business-judgment rule and limits monetary liability of directors and officers absent breach of loyalty, intentional misconduct, fraud, or knowing violation of law. Stronger statutory shield than DGCL § 102(b)(7) on its face; charter opt-out / carve-out is firm-specific.

PENDING VERIFICATION

Adoption with carve-out by The LGL Group, Inc.: primary-source verification pending; canonical record not yet populated.

NRS § 78.7502 — Indemnification of directors / officers

Broad permissive indemnification statute; covers expenses, judgments, fines, and amounts paid in settlement for any action by reason of service as director or officer, subject to good-faith standard. Charter / bylaw uptake is firm-specific.

PENDING VERIFICATION

The LGL Group, Inc. indemnification provisions pending charter / bylaw extraction.

NRS §§ 78.378–3793 — Acquisition of controlling interest

Nevada's control-share acquisition statute (anti-takeover): voting rights of shares acquired in a “control-share acquisition” are extinguished absent disinterested-shareholder approval. Opt-out is by charter or bylaw amendment; default is opt-in for Nevada corporations meeting the statute's coverage thresholds.

PENDING VERIFICATION

The LGL Group, Inc. opt-in / opt-out status pending charter or bylaw verification.

NRS §§ 78.411–444 — Combinations with interested stockholders

Nevada's business-combination statute (anti-takeover): for two years post-acquisition, a Nevada corporation may not engage in a “combination” with a 10%+ interested stockholder unless the board pre-approved the transaction. Charter opt-out available.

PENDING VERIFICATION

The LGL Group, Inc. opt-in / opt-out status pending charter verification.

NRS § 92A.135 — Conversion mechanism (DGCL § 266 analog)

Authorizes conversion of a foreign business entity into a Nevada domestic entity by filing articles of conversion. The Nevada analog to DGCL § 266 (Delaware) and TBOC §§ 10.101–108 (Texas). Where used, the firm's redomestication is a true legal-entity conversion rather than a reverse-triangular merger.

PENDING VERIFICATION

Mechanism (§ 92A.135 conversion vs. merger-with-NV-sub) pending primary-source verification.

Primary-source pending. Where badges read “PENDING VERIFICATION,” the firm-specific adoption posture (e.g., charter carve-outs to NRS § 78.138, opt-outs from NRS §§ 78.378–3793 or 78.411–444) has not yet been extracted from the firm’s amended-and-restated articles or proxy materials. The presence of a Nevada incorporation alone does not establish adoption of every provision; opt-outs are charter-level facts.

Source filings

Primary-source documents on SEC EDGAR plus IR / search links.

Link — https://www.lglgroup.com/
EDGAR — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000061004&type=&dateb=&owner=include&count=40
Proxy — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000061004&type=DEF+14A&dateb=&owner=include&count=40
8-K Item 5.07 (vote) · 0001437749-26-017113 — filing →
Note. 2026 proxy (Nevada articles + annual-meeting conversion materials; vote May 12, 2026)

Classification & audit trail

Bucket

Panel eligibility

PANEL_A_post_SB29

Audit status

PENDING_TRANSACTION | PATCHED_v6-rev77_2026-05-24_wave1b_audit_fixes: per firm_roster_audit_2026-05-24.md + batch summaries

Source confidence

VERIFIED_PROXY

Transaction status

PENDING

Audit notes

Phase 3M 2026-04-27: status=SCHEDULED — moved 2026-05-12 from actual to proposed_effective_date_iso. Will promote to actual after vote passes.
[2026-04-28] Phase 4I: replaced Google-search IR fallback with direct URL https://www.lglgroup.com/
[2026-04-28] Phase 4N: synthesized event_study_announcement_json from existing scalar CAR cells (phase4a_v2 join). Reviewer can extend with multi-spec analysis. [ORIGINAL_ACCESSION_FIELD_TEXT] 2026 proxy (Nevada articles + annual-meeting conversion materials; vote May 12, 2026) [2026-04-28] phase5e: no canonical accession found in raw value '2026 proxy (Nevada articles + annual-meeting conversion materials; vote May 12, 2026)'; original narrative moved to audit_notes; edgar_accession_canonical cleared and audit_status flagged NEEDS_ACCESSION for manual EDGAR pull [2026-04-29] phase5w: comprehensive validation by external reviewer across tranches v3 (4-version full residual walk, 269 substantive answers across 52 firms, 0 bucket drifts vs v3.58) [2026-04-29] phase5z: LGL edgar_accession_canonical contains narrative text rather than a canonical accession; public display should show 'Proxy materials filed; canonical accession pending verification' rather than the narrative text
[2026-04-29] v3.75: VERIFIED MECHANISM (DGCL §266 conversion to Nevada) via DEF 14A summary; exact threshold-quote pincite pending. Special meeting May 12, 2026 at Harvard Club NYC. Cited rationale: ~$93k/yr Delaware franchise tax vs ~$650/yr Nevada, plus broader default D&O liability limits. [2026-05-24] LGL R-9 status aging + vote-result backfill: meeting held 2026-05-12 at Harvard Club of NYC; stockholders APPROVED redomestication DE -> NV via DGCL §266 conversion (NRS §92A.195 + §92A.205 receiving statutes). Vote tally per 8-K Item 5.07: For=3,493,598 / Against=500,848 / Abstain=27,383 / Broker non-vote=1,093,864. Per WebSearch — likely 8-K accession 0001437749-26-017113 (LGL 2026-05-11/12 filings). Status set to APPROVED_PENDING_EFFECTIVE per R-9 standing rule (Cert of Conversion not yet effective).