Servotronics INC /DE/ 8-K filings
Current reports — the filing a company makes when something happens that shareholders need to know about before the next quarterly report.
8-K: Servotronics Acquired by TransDigm for $47.00 Per Share, Initiates Delisting from NYSE American
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.
8-K: Servotronics Amends Merger Agreement with TransDigm, Boosting Tender Offer Price to $47.00 Per Share
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. held its 2024 annual meeting on May 10, 2024, where directors were elected, executive compensation was approved in an advisory vote, and the company's auditor was ratified.
Servotronics, Inc. has appointed Harrison W. Kelly III as its new Chief Operating Officer, bringing extensive experience in operations and engineering.