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Gad Issues Letter to Paragon Technologies Stockholders Regarding Litigation Settlement and Continued Commitment to Paragon’s Bright Future
Gad Issues Letter to Paragon Technologies Stockholders Regarding Litigation Settlement and Continued Commitment to Paragon’s Bright Future.
About this update from Paragon Technologies, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Gad Issues Letter to Paragon Technologies Stockholders Regarding Litigation Settlement and Continued Commitment to Paragon’s Bright Future\r\n \r\n \r\n\r\n\r\nGad Issues Letter to Paragon Technologies Stockholders Regarding Litigation Settlement and Continued Commitment to Paragon’s Bright Future\r\n\r\n\r\n\r\n\r\n\r\nSets the Record Straight on the Board's Desperate Campaign of Retaliation and Latest Audit Committee Purported \"Findings\"\r\n Delaware Court DENIES Paragon Board's Attempt to Use Potential Claims Against Mr. Gad to Delay Trial and Delay 2025 Annual Meeting Calling those Claims \"Questionable\" and \"Not Relevant\"\r\n Highlights Paragon's Release of Potential Claims Against Mr. Gad Relating to Any Wrongdoing After Eight Months of Entrenchment Tactics and Wasteful Corporate Spending\r\n Urges Stockholders to Support His Slate of Five Uniquely Qualified Director Candidates for Election at the 2025 Annual Meeting NEW YORK CITY, NY / ACCESS Newswire / May 5, 2025 / Hesham \"Sham\" Gad, who beneficially owns approximately 28.4% of the outstanding shares of common stock of Paragon Technologies, Inc. (\"Paragon\" or the \"Company\") (OTC Pink:PGNT) and is Paragon's largest stockholder, today issued the following letter to fellow stockholders regarding the recent settlement of litigation against Paragon's current and former board members and fact checking the Company's continuing campaign of misinformation.\r\n The full text of the letter is set forth below:\r\n Dear Fellow Paragon Stockholders:\r\n I have been a stockholder and member of the board of directors (the \"Board\") of Paragon Technologies, Inc. (\"Paragon\" or the \"Company\") since 2010, and I am currently the Company's largest stockholder. Over the past fifteen years, I have been steadfast in my commitment to the Company and my belief in its great potential. During my tenure as CEO from June 2014 until August 2024, the Company delivered an 11% annualized return to stockholders (which is apparently very frustrating to the other members of the Board, who have resorted to a campaign of misleading and false personal attacks since they cannot attack the value I was able to deliver for stockholders). Throughout my time at Paragon, I have prioritized acting in the best interest of the stockholders - the true owners of the Company...