The LGL Group, Inc. announced that its Board of Directors has approved a spin-off of the MTron/PTI subsidiary. The Company had previously announced its exploration of this potential spin-off transaction and will now proceed with the spin-off, which will be submitted to a shareholder vote for approval. The company further announced the resignation of Robert “Rob” LaPenta Jr. from LGL's board of directors and that of its subsidiary, MTron/PTI, effective September 27, 2021.