Examples of Mtron in a sentence
Revolving Promissory Note, dated as of September 30, 2014, by and between M-tron Industries, Inc.
Loan Agreement, dated as of September 30, 2014, by and between M-tron Industries, Inc.
Cash Collateral Agreement, dated as of September 30, 2014, by and between M-tron Industries, Inc.
The Company formed three subsidiaries: M-tron Systems Holdings, LLC, LGL Systems Acquisition Holding Company, LLC and LGL Systems Acquisition Corp.
The combined operations of Mtron and PTI are referred to herein as “MtronPTI.” MtronPTI has operations in Orlando, Florida, Yankton, South Dakota and Noida, India.
MtronPTI also has sales offices in Austin, Texas and Hong Kong.In 2019, the Company created an intermediate holding company, M-tron Systems Holdings, LLC, for its existing operating assets and reorganized to facilitate opportunities to further diversify its portfolio.
Actual costs that may have been incurred if Mtron had been a stand-alone public company would depend on a number of factors, including the chosen organizational structure, what functions were outsourced or performed by employees and strategic decisions made in areas such as information technology and infrastructure.
The financial statements included in this information statement may not necessarily reflect our financial position, results of operations and cash flows as if Mtron had operated as a stand-alone public company during all periods presented.
Accordingly, in connection with the spin-off and effective as of the distribution date, we intend to adopt the Mtron 2022 Incentive Plan (the “Incentive Plan”), the terms of which (other than the number of shares which may be awarded) are substantially similar to those of the Company’s 2021 Incentive Plan.
Management considers these allocations to be a reasonable reflection of the utilization of services by, or the benefits provided to, Mtron.