On January 7, 2013, The LGL Group, Inc. announced that its board of directors appointed R. LaDuane Clifton to serve as the company's chief financial officer effective December 17, 2012. Mr. Clifton continues to serve as the company's principal financial officer. Previously, Mr. Clifton, served as the company's chief accounting officer since March 2010, and as the company's corporate controller from August 2009 to March 2010.

Mr. Clifton also was a Member of the Audit Committee of Community First Credit Union of Florida from September 2008 to July 2010, the chief financial officer of a21, Inc. On January 7, 2013, the company also announced that its board of directors appointed James L. Williams to serve as the company's corporate controller and its principal accounting officer effective January 2, 2013. Previously, Mr. Williams was Director of Accounting for ABM Industries, Inc.