On May 23, 2023, Star Equity Fund LP announced that it has filed a definitive proxy statement with Securities and Exchange Commission, requesting the shareholders of the Servotronics Inc to vote for its board nominees G. Mark Pomeroy and Richard K. Coleman Jr, to the Company board. In addition, Star Equity Fund stated that despite the recent board turnover, it believes the current board lacks the necessary experience and skillsets to lead a successful turnaround at the Company, or even to execute on their articulated growth strategy, it believes that having not even 1 independent board member with aerospace or advanced engineering expertise is unwise for a Company attempting to realign itself as an aerospace pure play, and no incumbent board members have any turnaround or M&A experience or a track-record of value creation for shareholders serving on microcap boards.
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5-day change | 1st Jan Change | ||
12.86 USD | -0.31% | +11.73% | +2.88% |
Mar. 22 | Servotronics, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Mar. 22 | Earnings Flash (SVT) SERVOTRONICS Posts Q4 Revenue $12.3M | MT |
1st Jan change | Capi. | |
---|---|---|
+2.88% | 32.55M | |
+3.52% | 149B | |
+33.05% | 131B | |
+18.33% | 129B | |
+10.83% | 62.75B | |
+6.42% | 41.08B | |
+93.28% | 35.49B | |
+6.61% | 32.3B | |
-12.05% | 32.08B | |
+2.93% | 27.38B |
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