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Stock impact report

Star Equity Fund Urges Servotronics to Schedule 2022 Annual Meeting

Servotronics, Inc. (SVT) 
NASDAQ:AMEX Investor Relations: servotronics.com/investor-relations
Company Research Source: GlobeNewswire
Believes Shareholders Deserve an Opportunity to Decide on Board Composition As Soon As Possible Responds to Misleading Earnings Release and the Company’s Refusal to Engage OLD GREENWICH, CT, April 08, 2022 (GLOBE NEWSWIRE) -- Star Equity Fund, LP (“Star Equity Fund” or “we”), 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. To that end, on March 2, 2022, Star Equity Fund announced its nomination of a diverse, highly qualified slate of director candidates for election at Servotronics to act in the best interests of all shareholders who have long suffered value destruction during the tenure of the Company’s incumbent board of directors. Servotronics recently issued its fourth quarter and full year 2021 earnings release in which it touted record operating cash flow and year-end cash, lower operating costs, and net income growth. The earnings rele Show less Read more
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