In This Article:
Sends Letter to Servotronics, Inc. Shareholders Highlighting Material Underperformance
On May 2, 2025, Beaver Hollow Wellness issued the following press release and letter:
Beaver Hollow Wellness Files Definitive Proxy Statement and Sends Letter to Servotronics, Inc. Shareholders Highlighting Material Underperformance, Misguided Capital Allocation Strategy and Loss of Shareholder Value
Nominates Four Highly Qualified Director Nominees – Paul L. Snyder III, Christine R. Marlow, Michael W. Dolpp and Charles C. Alfiero – to Servotronics' Board of Directors
Incumbent Directors Who Failed to Maximize Shareholder Value Over Many Years Should Not be Entrusted to Manage Company's Review of Strategic Alternatives
Beaver Hollow Wellness Has Identified Four Deeply Experienced and Qualified Nominees to Unlock Servotronics' Full Potential
Urges Shareholders to Vote the WHITE Proxy Card "FOR" Beaver Hollow Wellness' Four Highly Qualified Director Nominees and "WITHHOLD" on all Company Nominees except for Karen L. Howard
BUFFALO, N.Y., May 2, 2025 /PRNewswire/ -- Today, Beaver Hollow Wellness ("BHW"), the largest shareholder of Servotronics, Inc. (NYSE: SVT), owning 15.2% of the outstanding shares announced the filing of its Definitive Proxy Statement, seeking to elect a highly qualified slate of director nominees at the upcoming Annual Meeting scheduled for June 3, 2025.
More information about BHW's nominees can be found at https://saveservotronics.com.
In connection with its definitive proxy filing, BHW today also sent the following letter to Servotronics shareholders:
Dear Fellow Servotronics Shareholders,
The filing of our definitive proxy statement marks a critical step in our effort to restore transparency, performance, and integrity at Servotronics, Inc. ("Servotronics" or the "Company"). Shareholders now face a clear choice: continue with a board that has presided over years of declining shareholder value and embarrassing mismanagement, or vote to SAVE Servotronics by bringing in a new, expert leadership team with a plan to unlock the Company's full potential.
We urge you to vote FOR the election of Paul L. Snyder III, Christine R. Marlow, Michael W. Dolpp and Charles C. Alfiero on the WHITE proxy card to change the trajectory of the Company.
The current board's failures are evident in the company's declining financial health, deteriorating operating margins, and the persistent erosion of shareholder value. While executive compensation has remained unjustifiably high, long-term shareholders have seen their investment value steadily decline. These are not mere setbacks. They instead reflect a systemic breakdown in the board's fiduciary duties, oversight responsibilities and executive leadership.