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Beaver Hollow Wellness Responds to Servotronics' Escalating Proxy Tactics
Prnewswireยท 2025-04-23 13:40
Core Viewpoint - Beaver Hollow Wellness, LLC (BHW) criticizes Servotronics, Inc.'s board for prioritizing executive compensation over shareholder value, indicating a disconnect between the board and shareholders [1][2]. Group 1: Board Actions and Shareholder Concerns - The board's newly inserted "change of control" provisions are seen as a self-serving tactic to protect executive payouts, which BHW argues is an inappropriate use of shareholder concerns [2]. - BHW emphasizes that the board has focused on granting excessive "Golden Parachutes" to executives, contrasting this with BHW's commitment to rebuilding the company through responsible practices [3]. Group 2: BHW's Commitment and Strategy - BHW aims to implement lean manufacturing principles, improve supply chain operations, and ensure high-quality deliverables, all while prioritizing shareholder interests and operational excellence [4]. - BHW encourages shareholders to reject the board's fear tactics and support their nominees, promoting a plan for real change within Servotronics [5]. Group 3: Nominees for Board Positions - BHW has nominated four individuals with diverse expertise in aerospace, finance, manufacturing, and governance to enhance the board's effectiveness [6].