Servotronics, Inc. (NYSE American – SVT) this week received a communication purporting to give notice of shareholder nomination of individuals for election as directors at the Company’s 2022 annual meeting.
Servotronics and its Board of Directors welcomes constructive input from shareholders and will be reviewing the communication from Star Equity Fund, LP, which is believed to be an affiliate of Star Equity Holdings, Inc., Star Equity Fund, Star Equity Fund GP, LLC, Star Value, LLC, Star Investment Management, LLC.
Servotronics’ shareholders are not required to take any action at this time and the Company recommends that the shareholders make voting decisions after they receive definitive proxy materials from the Company, which will include the date and time for the 2022 annual meeting.
ABOUT SERVOTRONICS
The Company is composed of two groups – the ATG and the CPG. The ATG primarily designs, develops and manufactures servo controls and other components for various commercial and government applications (i.e., aircraft, jet engines, missiles, manufacturing equipment, etc.). The CPG designs and manufactures cutlery, bayonets, pocket knives, machetes and combat knives, survival, sporting, agricultural knives and other edged products for both commercial and government applications.
