LGL GROUP INC moved its corporate domicile from Delaware to Nevada on September 1, 2026, while its Nevada articles authorize 30,000,000 common-stock shares. The move shifts internal-affairs governance from the DGCL to the NRS, and each existing common-stock share converts into one Nevada share.

Key Highlights

  • Each validly issued Delaware common-stock share converts into one Nevada common-stock share.
  • The conversion preserves a $0.01 Par Value for the common stock described in the conversion plan.
  • New Nevada bylaws govern the company after the board adopted them in connection with the redomestication.

LGL GROUP INC (AMEX: LGL) completed its conversion from Delaware to Nevada on September 1, 2026, with Nevada’s articles authorizing 30,000,000 shares of common stock. The move changes the company’s corporate domicile and replaces Delaware governance with Nevada law.

Nevada Articles Authorize 30,000,000 Shares

The Nevada Articles authorize one stock class, common stock, with 30,000,000 shares available for issuance. Each of those shares carries a par value of $0.001 under the Nevada Articles. The conversion plan separately states that every validly issued, fully paid and nonassessable Delaware common-stock share outstanding or held in treasury immediately before the effective time became one validly issued and nonassessable Nevada common-stock share. That conversion plan identifies the common stock’s par value as $0.01 per share. The company’s board adopted new Nevada bylaws alongside the conversion. The plan and related Nevada corporate documents had received approval from stockholders.

Nevada Law Governs Internal Affairs

LGL GROUP INC’s internal affairs are now governed by the Nevada Revised Statutes, or NRS, instead of the Delaware General Corporation Law, or DGCL. The company is also governed by its Nevada Articles and Nevada Bylaws rather than its former Delaware charter and bylaws. The Nevada provisions allow the board to set the number of directors and Fill certain vacancies through board action. The Nevada Articles also designate the Eighth Judicial District Court of Nevada in Clark County as the exclusive forum for specified derivative proceedings unless the company provides written consent to another forum. The plan records that the Delaware corporation was incorporated on July 12, 2007.

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