Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 26, 2012, Safeguard Scientifics, Inc. (the "Company") promoted Jeffrey B. McGroarty to the position of Senior Vice President - Finance. Mr. McGroarty also will assume the role of the Company's Principal Accounting Officer. Mr. McGroarty, age 43, joined the Company in December 2005 as Vice President and Corporate Controller and most recently has served as Vice President - Finance and Corporate Controller. Mr. McGroarty began his career at PricewaterhouseCoopers LLP and, prior to joining the Company, held financial executive positions at international biopharmaceutical and manufacturing companies. Mr. McGroarty has extensive financial and accounting experience, including financial reporting, treasury and tax functions, among others.

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