Paragon Technologies Announces CEO Succession Plan

Paragon Technologies has announced an update on its CEO succession plan. Interim CEO Sam Weiser will cease his role on June 30, 2025, after the Annual Meeting of Stockholders. If Paragon's director slate prevails, a new interim CEO will be appointed, and the board will commence a search for a permanent CEO to be in place by October 1, 2025. The company has already received interest from qualified executives.

Paragon Technologies (OTC PINK: PGNT) has announced an update to its CEO succession plan. The company's interim CEO, Sam Weiser, will step down from his position on June 30, 2025, following the Annual Meeting of Stockholders [1]. If Paragon's director slate prevails, a new interim CEO will be appointed, and the board will commence a search for a permanent CEO, aiming to have one in place by October 1, 2025 [1]. The company has already received interest from qualified executives.

The proxy contest between the current board's slate and Hesham Gad's slate is ongoing. Gad, who holds 28.2% of Paragon Technologies shares, calls for significant board changes. Under Gad's leadership from 2014 to August 2024, Paragon's revenue grew from $8 million to over $100 million without external capital [2]. Gad proposes a new slate of directors, criticizing the current board for lacking strategic vision and prioritizing self-preservation over shareholder interests [2]. He urges stockholders to vote on the BLUE proxy card to elect his proposed nominees and align the company's strategy with shareholder interests.

References:
[1] https://www.stocktitan.net/news/PGNT/paragon-technologies-provides-update-on-ceo-succession-62cvhgardetn.html
[2] https://www.gurufocus.com/news/2910661/mr-gad-issues-definitive-proxy-statement-for-upcoming-annual-meeting-at-paragon-pgnt-stock-news