Schaumburg, Dec 5, 2018 (Issuewire.com) - Concerned Shareholders of Sparton announces today that it intends to vote No on the Incumbent Boards recommendations at the Annual General Meeting of Sparton (NASDAQ: SPA) shareholders.
Concerned Shareholders of Sparton intends to withhold votes from all incumbent Directors of Sparton with the exception of Alan Bazaar.
Concerned Shareholders of Sparton includes shareholders of Sparton with decades of experience successfully investing in publicly traded companies. Walter M. Schenker, a member of Concerned Shareholders of Sparton invested in Sevcon. When Sevcon encountered problems similar to the problems now facing Sparton, Mr Schenker joined the board of Sevcon and successfully sold Sevcon at a large premium. All shareholders benefitted from the effective work of Mr Schenker at Sevcon.
The apparent failures of the Incumbent Board of Sparton have been detailed in dozens of articles. There is no need to rehash these apparent failures here.
All those who own stock in Sparton and who wish to understand the reasons for our decision to vote no are encouraged to call the following members of Concerned Shareholders of Sparton
Walter M. Schenker
973-641-5643
Richard McGowan
203-247-3016
Legal Disclaimer: This press release is not a solicitation. This press release does not seek proxy from any stockholder. This press release is not an indication that Concerned Shareholders wish to form a group with any shareholder. This press release is not an indication that Concerned Shareholders are acting in concert with any shareholder.
Media Contact
MAZ Partners LP
973-641-5643
7, Century Drive, Parsippany, New Jersey
Source :MAZ Partners LP
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