Beaver Hollow Wellness Files Definitive Proxy Statement
Sends Letter to
On
Beaver Hollow Wellness Files Definitive Proxy Statement and Sends Letter to
Nominates Four Highly Qualified Director Nominees – Paul L. Snyder III,
Incumbent Directors Who Failed to Maximize Shareholder Value Over Many Years Should Not be Entrusted to
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"
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
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. ("
We urge you to vote FOR the election of Paul L. Snyder III,
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.
-more-
Even more concerning, the board has embedded "Golden Parachute" provisions into key contracts and agreements that could trigger lucrative payouts and protections for insiders simply because shareholders elect new directors. This is nothing more than an anti-shareholder governance designed to intimidate and entrench. These provisions, as described in their own filings do not protect the company or its shareholders—they merely shield the incumbents.
Most alarmingly, as detailed in the company's announcement of a so-called "Review of Strategic Alternatives," the incumbent board has effectively abandoned its responsibilities to repair the extensive damage they have inflicted on Servotronics and its Shareholders. Pursuing a sale process at a time when the company's operations are distressed — and without any meaningful engagement with shareholders — underscores their disregard for
How can shareholders reasonably entrust this board—whose mishandling of the Ontario Knife divestiture resulted in a value-destructive outcome—with executing a strategic review process in what could be the most pivotal decision in
Our proposed nominees bring world-class expertise in manufacturing, finance, strategic turnarounds, and governance. Each is committed to serving all shareholders and restoring
Shareholders and Employees can review our strategic plan at https://saveservotronics.com.
This campaign is about revitalization, not disruption. We are calling on shareholders to vote the WHITE proxy card FOR Paul L. Snyder III,
If you have any questions or require any assistance with your vote, please contact the
Thank you very much for your support.
Sincerely,
Paul L. Snyder III
Media Contact
(716) 481-6806
kevin@keenancommunicationsgroup.com
Investor Contact
BHW@allianceadvisors.com
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SOURCE Beaver Hollow Wellness
