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Servotronics Announces 2022 Financial Results

Servotronics, Inc. (NYSE American – SVT) a designer and manufacturer of servo-control components and other advanced technology products today reported financial results for the fourth quarter and twelve months ended December 31, 2022.

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Servotronics, Inc. Appoints New Independent Director

Servotronics, Inc. (NYSE American – SVT) a designer and manufacturer of servo-control components and other advanced technology products today announced the appointment of Brent D. Baird to the Board and the entry into a Cooperation Agreement between the Company and Mr. Baird. Mr. Baird will serve as a director effective February 16, 2023, with an initial term through the Company's 2023 Annual Meeting of Shareholders, and the Company has agreed to include Mr. Baird in the Company's slate of director nominees for election at the 2023 Annual Meeting.

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Servotronics Responds to Star Equity's Communication

Servotronics, Inc. (NYSE American – SVT) a designer and manufacturer of servo-control components and other advanced technology products today responds to recent claims from Star Equity Holdings, Inc. ("Star Equity") about its indication of interest to combine with Servotronics.

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Servotronics, Inc. Provides Letter To Stakeholders

Servotronics, Inc. (NYSE American – SVT) a designer and manufacturer of servo-control components and other advanced technology products today made available a letter to stakeholders from William F. Farrell, Jr., Chief Executive Officer. The letter provides an initial update on the Company's strategic plan that was developed by the Company's leadership team over the past six months. A copy of the letter is available on the Company's website at www.servotronics.com.

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Servotronics Announces 2021 Financial Results Including EPS of $1.68, Record Operating Cash Flow, Lower Total Operating Costs and Expenses, and Enhanced Balance Sheet Strength

Servotronics, Inc. (NYSE American – SVT) a designer and manufacturer of servo-control components and other advanced technology products today reported financial results for the fourth quarter and twelve months ended December 31, 2021 including net income growth and record high levels of operating cash flow and year-end cash.

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The Board Of Servotronics, Inc. Announces Leadership Change

Servotronics, Inc. (NYSE American - SVT) announced that Kenneth D. Trbovich has resigned as Chief Executive Officer and President and was removed as Chairman of the Board, after a nearly six-month-long internal investigation identified grounds for his termination.

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Servotronics, Inc. Receives Supplier Of The Year Awards

Servotronics, Inc. (NYSE American – SVT) a designer and manufacturer of servo-control components and other advanced technology products announced that it received the 2020 Supplier of the Year award from Collins Aerospace. Servotronics received the award based on its operational excellence and exceptional support as a supplier to Collins' Power & Controls Division. Servotronics also received the 2020 Most Improved Supplier of the Year Award for repair and overhaul from Collins Aerospace.

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