On January 25, 2013, North & Webster, LLC filed a preliminary proxy statement and announced that it has decided to withdraw its “withhold quorum” solicitation and instead to seek representation on the Board of Directors of the CSP Inc. It also announced that it is seeking shareholders support at the annual meeting of stockholders scheduled to be held on Tuesday, February 12, 2013, for the following: To consider and vote upon the election of North & Webster's director nominees, James Bussone, J.K. Hage III, Samuel A. Kidston, and Erik Thoresen, to serve as directors of the Company until the 2014 annual meeting of stockholders and until their respective successors have been duly elected and qualified.