Paragon News Release
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Egypt coach Hassan says Palestinian suffering 'a shame on the world'
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US embraces Balogun World Cup reprieve as world seethes
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NBA Kings waive six-time All-Star forward DeRozan
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Spain win it late to give Ronaldo bitter end to World Cup career
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Stock markets meander as US tech stocks climb
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Britain's Fery stuns Dimitrov, Paolini into Wimbledon quarters
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Russian strikes kill 24 in Kyiv region on eve of NATO summit
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Paragon News Release
Paragon Technologies Announces Audit Committee Investigation of Hesham Gad
Paragon Technologies Announces Audit Committee Investigation of Hesham Gad
a diversified holding company, announced today that the Audit Committee of the Board of Directors has engaged legal counsel from Holland & Knight LLP to conduct an independent investigation into the conduct of Hesham M. Gad. The Board of Directors previously replaced Mr. Gad as Chairman of the Board and Chief Executive Officer of Paragon on August 9, 2024, and on November 4, 2024, the Board terminated Mr. Gad as President of SI Systems, LLC and from any and all remaining positions he held with Paragon and its subsidiaries.
The Audit Committee is committed to conducting a prompt, expeditious, and thorough independent investigation, but it is unable to predict the duration or outcome of its investigation. The Company will provide further information from the Audit Committee's investigation at the appropriate time.
About Paragon Technologies
Paragon Technologies, Inc. is a holding company owning subsidiaries that engage in diverse business activities, including material handling, distribution, real estate, and investments. For additional information please visit: www.pgntgroup.com.
Investor Relations Contact:
Alliance Advisors IR
[email protected]
SOURCE: Paragon Technologies Inc.
A.Taylor--AT
