Shareholder Activism Intensifies as Paragon Technologies Inc. Faces Crucial Boardroom Battle Ahead of Annual Meeting
Reuters
Jun 05, 2025
Shareholder Activism Intensifies as Paragon Technologies Inc. Faces Crucial Boardroom Battle Ahead of Annual Meeting
Paragon Technologies Inc. faces a significant shareholder activism movement led by its largest stockholder, Hesham "Sham" Gad, who owns approximately 28.2% of the company's outstanding shares. Ahead of the company's 2025 Annual Meeting of Stockholders, Gad has issued a definitive proxy statement and sent a letter to fellow stockholders urging them to vote on the BLUE Proxy Card. He aims to elect a new slate of director nominees committed to prioritizing stockholders' interests, restoring confidence, and unlocking value. Gad, who served as CEO from 2014 through August 2024, argues that changes in the boardroom are essential for the company to reach its potential. He criticizes the current board's approach and highlights his track record of delivering an 11% annualized return during his tenure and a 30% annualized return from 2017 to 2024 with oversight of SI Systems, LLC and capital allocation at Paragon. Further information on his campaign is available at www.saratogaproxy.com/PGNT.
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