Paragon Technologies Urges Shareholders to Support Independent Board Slate in Upcoming Proxy Vote

Reuters

05-30

Paragon Technologies Urges Shareholders to Support Independent Board Slate in Upcoming Proxy Vote

Paragon Technologies Inc. has issued a definitive proxy statement urging shareholders to vote "FOR" the director nominees on the WHITE proxy card ahead of the critical annual meeting scheduled for June 30, 2025. The company's Nominating and Corporate Governance Committee, consisting entirely of independent directors, has expressed deep concerns about former Chairman and CEO Hesham "Sham" Gad, citing his history of alleged deceit, legal violations, and underperformance. The proposed Board slate includes David Lontini, Howard Brownstein, Tim Eriksen, Ronell Rivera, and Elodie Leoni, combining experienced independent directors with individuals possessing institutional knowledge and significant shareholder support. Paragon's Board warns against signing or returning any proxy card from Mr. Gad and emphasizes the importance of a strategically unified and independent Board for the company's future.

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: 1033464) on May 29, 2025, and is solely responsible for the information contained therein.

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