TNLX · Trans-Lux Corporation

Trans-Lux Corporation announced a transition in its top leadership on April 13, 2026, accepting the resignation of John Hammock from his position as Interim Chief Executive Officer. The filing explicitly states that Mr. Hammock’s departure was not due to any disagreement regarding the Company’s operations, policies, or practices, suggesting a planned or amicable transition rather than a conflict-driven exit.

Simultaneously, the Board appointed Mr. Yantao (Tony) Yu, age 50, as the new Chief Executive Officer. Mr. Yu is a seasoned insider who has served as a director of the Company since July 30, 2019, and as Chief Operating Officer since August 1, 2021. His extensive background includes over 25 years of financial experience, holding senior roles such as Chief Financial Officer at Unilumin USA and Lover Group, as well as controller positions at major firms like The Quaker Oats Company. He holds an EMBA from the University of Minnesota and carries professional certifications including CPA and CMA.

A notable aspect of this appointment is the compensation structure. Mr. Yu will continue to be compensated by the Company at a rate of $26,000 per year while also receiving compensation from Unilumin, the Company’s largest stockholder. This arrangement highlights the strategic relationship between Trans-Lux and its largest shareholder. There are no related party transactions requiring disclosure other than his employment, and no arrangements or understandings with third parties regarding his selection.