On March 3, 2022, Servotronics, Inc. announced that it has received a communication purporting to give notice of shareholder nomination of 9 individuals for election as directors at the Company's 2022 annual meeting. The Company and its Board of Directors stated that they welcome constructive input from shareholders and would 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, and Star Investment Management, LLC. The Company added that 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.