Beaver Hollow Wellness proxy fight featured in The Buffalo
News
BUFFALO,
N.Y., Feb. 25, 2025 /PRNewswire/ -- The Buffalo
News recently published an in-depth story on the proxy fight for
control of Servotronics, Inc. (NYSE American – SVT), the
Elma, New York-based manufacturer
of high-performance servo valves for the aerospace industry. The
battle pits Paul Snyder III,
Servotronics' largest individual shareholder, against the current
board, with Snyder championing his transformative SAVE Servotronics
plan to revitalize the company and protect Western New York jobs.
According to The Buffalo News, "A dissident shareholder
campaign aiming to win a majority on Servotronics' board involves
some prominent Buffalo family
names. Paul Snyder III, who is
spearheading the effort, is Servotronics' largest individual
shareholder, owning 15.2% of its shares. Charles 'Chris' Alfiero,
the son of prominent Buffalo
executive Sal Alfiero who now
oversees the family's business and charitable ventures, is one of
the group's nominees for a board seat."
Read the full article from *The Buffalo News* here: [Inside the
fight for control of
Servotronics](https://buffalonews.com/news/local/business/inside-the-fight-for-control-of-servotronics/article_1d9308d8-e7e0-11ef-9608-0f7d82dc8211.html).
The SAVE Servotronics Plan: A Path to Renewal and Growth
Snyder's SAVE Servotronics plan is a comprehensive strategy
designed to unlock the company's untapped potential while ensuring
it remains a vibrant part of the Western
New York economy. The plan prioritizes:
1. Strategic Leadership: Electing a board with the experience
and vision to drive innovation and operational excellence.
2. Accountability and Transparency: Conducting an internal
investigation into potential unjust enrichment to ensure ethical
governance.
3. Value Creation: Implementing operational efficiencies and growth
initiatives aimed at boosting profitability and shareholder
returns.
4. Empowering Employees: Investing in workforce development and
innovation to solidify Servotronics' industry leadership.
"I'm passionate about this because I cannot stand by and watch
another vital Western New York
company decline," Snyder stated. "The SAVE Servotronics plan
represents a fresh start—one rooted in accountability, innovation,
and a commitment to the community."
A Company at a Crossroads
Servotronics' stagnant stock performance and lackluster
financial results underscore the urgent need for change. As The
Buffalo News reported, the company's stock price remains at
2016 levels, while the S&P 500 has nearly tripled in that time.
Through the first nine months of 2024, Servotronics reported a net
loss of $251,000 on sales of
$35.1 million, with fourth-quarter
and full-year results still unreleased.
In a January 13, 2025 regulatory
filing, Snyder formally initiated a proxy contest to secure board
seats for himself, Alfiero, and two other highly qualified
nominees. On January 28, Snyder
issued a formal demand for an internal investigation into potential
unjust enrichment at Servotronics, reinforcing his commitment to
ethical leadership and shareholder rights.
Growing Support from Employees
Since The Buffalo News story ran, numerous current and
former employees of Servotronics have reached out to express their
support for the SAVE Servotronics plan. Many have shared their
concerns about the company's direction under current leadership and
their belief that Snyder's vision offers the best path forward for
both the company and its workforce.
Protecting Western New York Jobs
Beyond financial performance, Snyder's vision is deeply rooted
in community stewardship. "I'm passionate about this because I
cannot stand by and watch another story unfold that is a complete
loss to this community, when I have a front-row seat to try to
change it," Snyder told The Buffalo News. His SAVE
Servotronics plan ensures the company remains headquartered in
Western New York, preventing the
kind of corporate exodus that has harmed the region in the
past.
Make Your Voice Heard
Servotronics shareholders are encouraged to support Snyder's
slate of board nominees and the SAVE Servotronics plan—a clear path
toward revitalization, profitability, and community prosperity. For
questions or more information, please contact Alliance Advisors at
BHW@allianceadvisors.com.
Read Beaver Hollow Wellness' related letters to Servotronics
shareholders and the Board of Directors here: [Beaver Hollow
Wellness
Letters](https://www.prnewswire.com/news-releases/beaver-hollow-wellness-issues-letters-to-servotronics-inc-nyse-american---svt-shareholders-and-board-of-directors-302367895.html).
Media Contact:
Kevin Keenan
Keenan Communications Group
716-481-6806
kevin@keenancommunicationsgroup.com
About Servotronics, Inc.:
Servotronics, Inc. is a leading designer and manufacturer of
advanced technology servo valves and other high-performance
components for the aerospace industry. Based in Elma, New York, the company has long been a
key contributor to the region's industrial landscape.
View original
content:https://www.prnewswire.com/news-releases/inside-the-fight-for-control-of-servotronics-paul-snyders-save-servotronics-plan-takes-center-stage-302384976.html
SOURCE Beaver Hollow Wellness
