Business
Independent Proxy Advisory Boards ISS and Glass Lewis Reject Gad's Slate and Endorse Paragon's Director Nominees
Independent Proxy Advisory Boards ISS and Glass Lewis Reject Gad's Slate and Endorse Paragon's Director Nominees.
About this update from Paragon Technologies, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Independent Proxy Advisory Boards ISS and Glass Lewis Reject Gad's Slate and Endorse Paragon's Director Nominees\r\n \r\n \r\n\r\n\r\nIndependent Proxy Advisory Boards ISS and Glass Lewis Reject Gad's Slate and Endorse Paragon's Director Nominees\r\n\r\n\r\n\r\n\r\n\r\nReports Cite Gad's Underperformance and Poor Track Record at Paragon - Urge Shareholders to Vote the White Proxy Card EASTON, PA / ACCESS Newswire / June 25, 2025 / Paragon Technologies, Inc. (OTC PK:PGNT), a diversified holding company, today announced that both Institutional Shareholder Services Inc. (\"ISS\") and Glass, Lewis & Co. (\"Glass Lewis\"), the leading independent proxy advisory firms, have recommended that Paragon shareholders vote FOR all of the Board's nominees to the Board of Directors at the Company's upcoming Annual Meeting of Shareholders scheduled for Monday, June 30, 2025.\r\n In their respective reports, both ISS and Glass Lewis concluded that the current Paragon Board is best positioned to oversee the Company's strategy, drive long-term value creation, and act in the best interests of shareholders, in direct contrast to Hesham \"Sham\" Gad's agenda.\r\n \"We are delighted that ISS and Glass Lewis-after careful and independent analysis-have emphatically endorsed the full slate of Paragon's highly qualified directors and have highlighted the fundamental flaws in dissident Sham Gad's approach,\" said David Lontini, Paragon's Chairman of the Board. \"These endorsements reflect the strength of our Board, the significant progress we've made, and the clear path we've laid out to deliver value for all shareholders. Shareholders should be confident that our nominees are the right choice to lead Paragon forward, rejecting any attempts to return to the past.\"\r\n Director Tim Eriksen further commented, \"The reports confirm what we have been saying all along: if an independent third party looked at all the available information, they would reach the same conclusions that the Board did. Sham Gad dramatically underperformed the market as CEO, falsely claimed to be a US citizen for decades, broke employment laws, misappropriated company funds multiple times, and has a life-long pattern of deceit. So when he claims the Board's nominees 'offer no strategy, no experience, and no track record,' you can be fairly certain that he is lyi...