Servotronics INC /DE/

Servotronics, Inc. has been successfully acquired by TransDigm Inc. for $47.00 per share in cash, becoming a wholly-owned subsidiary and initiating its delisting from the NYSE American.

Servotronics, Inc. announced the results of its 2025 Annual Meeting of Stockholders, where all nominated directors were re-elected, 2024 executive compensation was approved, and an annual frequency for future say-on-pay votes was adopted.

Servotronics, Inc. has announced an amendment to its merger agreement with TransDigm Inc., increasing the tender offer price for its common shares to $47.00 per share in cash, following an unsolicited acquisition proposal from a third party.

TransDigm Group Incorporated will acquire Servotronics, Inc. for $38.50 per share in cash, valuing the transaction at approximately $110 million, including certain tax benefits.

Servotronics reports mixed financial results for 2024, with full-year growth offset by a challenging fourth quarter, and announces a board review of strategic alternatives.

Servotronics, Inc. announces the resignation of its Chief Operating Officer, Harrison W. Kelly III, effective September 17, 2024.

Servotronics, Inc. announces improved Q1 2025 results with increased revenue and profitability, driven by strong demand in the commercial aerospace and defense sectors.

Servotronics Inc. experienced a revenue increase but a net loss in the third quarter of 2024, influenced by aerospace market volatility and a legal settlement.

Servotronics Inc. saw a significant improvement in its financial performance in the second quarter of 2024, driven by increased revenue and operational efficiencies in its aerospace business.

Servotronics, Inc. saw a significant improvement in its first quarter results, driven by increased revenue and gross profit in its aerospace segment.

Servotronics, Inc. reports a slight revenue increase and improved operating results for 2024 despite challenges in the aerospace industry, including customer-driven delivery delays.

Servotronics, Inc. reports a year of strategic transformation in 2023, marked by the divestiture of its Consumer Products Group and a focus on its core aerospace business, alongside a 24% revenue increase.

A Servotronics Inc. director, Evan H. Wax, disposed of common stock shares on July 1, 2025, as a result of the company's acquisition by TransDigm Inc. for $47.00 per share in cash.

A director of Servotronics, Inc. has reported the disposition of all their common stock holdings, including restricted stock, as part of the company's acquisition by TransDigm Inc. for $47.00 per share in cash.

Servotronics Inc. Director Karen L. Howard disposed of all her common stock holdings, including vested restricted stock, for $47.00 per share in cash following the company's merger with TransDigm Inc.

Brent D. Baird, a Director and 10% Owner of Servotronics Inc., disposed of his common stock holdings, including restricted shares, on July 1, 2025, as part of the previously announced merger with TransDigm Inc. for $47.00 per share in cash.

Servotronics Inc.'s Chief Technical Officer, James C. Takacs, has disposed of all his beneficial ownership in the company's common stock on July 1, 2025, as part of the merger with TransDigm Inc. at $47.00 per share.

Servotronics Inc.'s Chief Financial Officer, Robert Fraass, has disposed of all his common stock holdings in the company following the completion of the merger with TransDigm Inc. at $47.00 per share.

Beaver Hollow Wellness has withdrawn its nominees for election to Servotronics' Board of Directors, effectively ending the proxy contest.

Beaver Hollow Wellness (BHW), a significant shareholder of Servotronics, Inc. (SVT), is seeking to replace four long-tenured board members due to concerns over poor financial performance and corporate governance.

Servotronics, Inc. is urging shareholders to vote for its director nominees using the BLUE proxy card amidst a proxy contest initiated by Beaver Hollow Wellness, LLC.

Servotronics, facing industry challenges and activist shareholder pressure, has initiated a strategic review that could lead to a sale, capital investment, or continuation of its current strategy.

Servotronics initiates a strategic review of alternatives while reporting increased full-year revenue but a challenging fourth quarter due to customer delays and industry headwinds.

Servotronics, Inc. will hold its 2024 Annual Meeting of Shareholders virtually on May 10, 2024, to vote on the election of directors, executive compensation, and the ratification of the independent auditor.

Star Equity Fund, a long-time activist investor, has exited its position in Servotronics, Inc. after the company was acquired by TransDigm Group Incorporated for $47.00 per share, representing a 357% premium, a transaction Star Equity Fund claims to have catalyzed.

Beaver Hollow Wellness, LLC, Founders Software, Inc., and Paul L. Snyder III have significantly reduced their beneficial ownership in Servotronics Inc. to 0.0% through a series of stock sales.

An amended Schedule 13D filing reveals that Paul L. Snyder III and affiliated entities have significantly reduced their beneficial ownership in Servotronics Inc. to 8.2% through recent share dispositions.

Beaver Hollow Wellness, LLC, a significant shareholder in Servotronics Inc., has announced its intention to sell up to an additional 148,600 shares of common stock, following a recent sale of 31,591 shares.

Beaver Hollow Wellness, LLC (BHW) has concluded its proxy campaign for Servotronics, Inc. following a proposed acquisition by TransDigm Group Incorporated, which BHW states delivers an exceptional shareholder return and preserves local jobs.

Star Equity Fund, a significant shareholder in Servotronics, Inc., has commented on the company's recently announced strategic review, advocating for a comprehensive and competitive process to maximize shareholder value, attributing the review to its multi-year activist campaign.