Star Equity Fund Calls on SVT Board to Conduct Strategic Review For ALL Assets
Servotronics, Inc. (SVT)
NASDAQ:AMEX Investor Relations:
servotronics.com/investor-relations
Company Research
Source: GlobeNewswire
OLD GREENWICH, Conn., May 31, 2023 (GLOBE NEWSWIRE) -- Star Equity Fund, LP (“Star Equity” or “we”) is an investment fund focused on unlocking shareholder value and improving corporate governance at its portfolio companies. Star Equity owns 5.4% of the common stock of Servotronics, Inc. (NYSE American: SVT) (“Servotronics,” “SVT,” or the “Company”) and calls on SVT’s Board to conduct a strategic review for ALL its assets. In addition, we urge all stockholders to vote WITHHOLD on the re-election of incumbent board members Edward Cosgrove, Christopher Marks, and William Farrell at the Company’s 2023 annual meeting of shareholders (the “Annual Meeting”), which will be held in a virtual format on June 9, 2023 at 9:00 a.m., E.T. Rather than pursuing its current strategy, we believe the long-suffering SVT shareholders would be better served by the Company exploring strategic alternatives for ALL its assets. We believe the Company should sell both its Consumer Products Group (CPG) and A
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SVT
News
- Servotronics Announces Fourth Quarter and Full-Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- Servotronics Announces Fourth Quarter and Full-Year 2023 Financial ResultsPR Newswire
- Servotronics, Inc. Names Harrison W. Kelly III as New Chief Operating Officer [Yahoo! Finance]Yahoo! Finance
- Servotronics, Inc. Names Harrison W. Kelly III as New Chief Operating OfficerPR Newswire
SVT
Sec Filings
- 4/15/24 - Form 144
- 4/11/24 - Form ARS
- 4/11/24 - Form DEF
- SVT's page on the SEC website