Star Equity Fund Issues Statement on the Results of Servotronics 2022 AGM
Servotronics, Inc. (SVT)
NASDAQ:AMEX Investor Relations:
servotronics.com/investor-relations
Company Research
Source: GlobeNewswire
Election Results Confirm Significant Shareholder Frustration Calls on Ed Cosgrove and Lucion Gygax to Resign OLD GREENWICH, Conn., June 23, 2022 (GLOBE NEWSWIRE) -- Star Equity Fund, LP (“Star Equity Fund”, “we”, “our”), a shareholder of Servotronics, Inc. (NYSE American: SVT) (“Servotronics” or “the Company”), seeks to unlock shareholder value and improve corporate governance at its portfolio companies. On May 24, we issued a press release urging Servotronics shareholders to vote WITHHOLD on the re-election of incumbent board members Ed Cosgrove and Lucion Gygax due to their enablement of—or at best failure to see—malfeasance occurring at Servotronics. On June 10, Servotronics held its 2022 Annual Meeting of Shareholders, and the majority of the Company’s shareholders voted with our recommendation: a staggering 54% and 51% of votes cast voted WITHHOLD on Cosgrove and Gygax, respectively. In addition, the majority of shareholders voted against the approval of the Company’s 2021 exe
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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