UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
As previously reported, Richard D. Roomberg, the previous Chief Financial Officer of TechPrecision Corporation (the “Company”) resigned on February 14, 2025. Following Mr. Roomberg’s resignation, the Board of Directors of the Company (the “Board”) appointed Alexander Shen, the Company’s Chief Executive Officer, to serve as the interim principal financial officer and principal accounting officer of the Company .
On March 7, 2025, the Board appointed Barbara M. Lilley, 66, the Controller of Ranor, Inc., one of the Company’s operating subsidiaries, to serve as Interim Chief Financial Officer, principal financial officer and principal accounting officer, in addition to her current duties, while the Board is engaged in a search to identify the Company’s next Chief Financial Officer. Mr. Shen will no longer be the principal financial officer and principal accounting officer of the Company, as Ms. Lilley assumed those responsibilities upon her appointment as Interim Chief Financial Officer.
Ms. Lilley previously served as the Company’s Chief Financial Officer from July 2023 to September 2024 and, prior to her initial appointment as Chief Financial Officer of the Company, had also served as Controller of Ranor, Inc. Prior to joining the Company in June 2016, Ms. Lilley served as Controller of Materials Systems, Inc., a worldwide supplier of a range of custom-designed products from acoustic transducers for underwater sonar to industrial ultrasound systems, from 2011 through 2015.
There are no family relationships between or among Ms. Lilley and any director or other executive officer of the Company, and Ms. Lilley has no direct or indirect material interest in any transaction or proposed transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Ms. Lilley will not receive any additional compensation in connection with her service as Interim Chief Financial Officer, principal financial officer and principal accounting officer.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TECHPRECISION CORPORATION | ||
| Date: March 13, 2025 | ||
| By: | /s/ Alexander Shen | |
| Alexander Shen | ||
| Chief Executive Officer | ||