Paragon Technologies Faces New Litigation Threat from Former Director Hesham Gad

Reuters

2025/06/28

Paragon Technologies Faces New Litigation Threat from Former Director Hesham Gad

Paragon Technologies Inc. is facing potential new litigation as Hesham "Sham" Gad's legal counsel has threatened action against the company and its directors. The conflict arises from accusations by Mr. Gad, who claims the board failed to provide proper notice of a meeting, exaggerated the costs of a policy, and engaged in actions that violate a settlement agreement. The board denies these allegations, asserting that Mr. Gad's behavior demonstrates a misuse of company resources for personal aims, and emphasizes the need for shareholders to protect the company from his influence. The board has urged shareholders to vote using the WHITE proxy card, emphasizing the importance of this decision for the future of Paragon Technologies. The voting deadline is set for June 29, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Paragon Technologies Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1044013) on June 27, 2025, and is solely responsible for the information contained therein.

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