UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. )
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Filed by the Party other than the Registrant ☒
Check the appropriate box:
☐ Preliminary Proxy Statement.
☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☐ Definitive Proxy Statement
☒ Definitive Additional Materials
☐ Soliciting Material under § 240.14a-12
SERVOTRONICS, INC.
(Name of Registrant as Specified In Its Charter)
PAUL L. SNYDER III
FOUNDERS SOFTWARE, INC.
BEAVER HOLLOW WELLNESS, LLC
KATHLEEN ANN SCHEFFER
CHRISTINE R. MARLOW
MICHAEL W. DOLPP
CHARLES C. ALFIERO
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
☒ No fee required
☐ Fee paid previously with preliminary materials
☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11
Item 1: On May 13, 2025, Beaver Hollow Wellness, LLC issued the following investor presentation, as set forth below, with regard to its filing of a definitive proxy statement and accompanying WHITE proxy card on May 2, 2025 with respect to Beaver Hollow Wellness, LLC’s highly-qualified director nominees to be voted on at the 2025 annual meeting of shareholders of Servotronics, Inc., a Delaware corporation (the “Company”), scheduled to be held virtually on June 3, 2025, at 9:00 a.m. Eastern Daylight Time:
*****
Item 2: On May 13, 2025, Beaver Hollow Wellness, LLC issued the following press release with regard to its filing of a definitive proxy statement and accompanying WHITE proxy card on May 2, 2025 with respect to Beaver Hollow Wellness, LLC’s highly-qualified director nominees to be voted on at the 2025 annual meeting of shareholders of Servotronics, Inc., a Delaware corporation (the “Company”), scheduled to be held virtually on June 3, 2025, at 9:00 a.m. Eastern Daylight Time:
FOR IMMEDIATE RELEASE
May 13, 2025
BHW Unveils Comprehensive Plan to Rescue Servotronics from Financial and Governance Crisis
Urges Shareholders to Vote for Proven Leadership and the S.A.V.E. Servotronics Plan
Buffalo, NY – Beaver Hollow Wellness, LLC ("BHW"), a significant shareholder of Servotronics, Inc. (NYSE American: SVT), today announced the release of a detailed and actionable strategy to restore Servotronics to operational excellence and long-term profitability. The initiative, titled the S.A.V.E. Servotronics Plan, outlines an aggressive path forward to reverse the Company’s alarming downward trajectory under current leadership.
“For over three years, we have attempted to work with the incumbent board and leadership to proactively strengthen Servotronics,” said Paul L. Snyder III, Chairman and CEO of Founders Holding Co. and BHW nominee. “Our offers of operational support, strategic partnerships, and governance improvements have been ignored. The result has been catastrophic financial mismanagement, a crisis of corporate governance, and the destruction of shareholder value. Immediate change is not optional—it is essential.”
Why Change Is Critical
Servotronics has suffered dramatic deterioration in financial performance:
- Net income has plummeted from a $5.0 million gain in 2021 to a $0.3 million loss in 2024.
- Cash reserves have collapsed from $11.8 million in 2021 to just $46,000 in 2024.
- Operating cash flow has deteriorated by over 99% since 2021.
- A damaging reliance on debt and a failed divestiture of its Ontario Knife Company business have only worsened the crisis.
An independent competitive analysis further revealed Servotronics ranks last among peer companies such as Moog, Inc. (MOG.A), Woodward, Inc. (WWD), and Curtiss-Wright Corp. (CW), with dramatically inferior margins, growth, and shareholder returns.
The S.A.V.E. Servotronics Plan
The BHW strategy focuses on:
- Leadership transformation with highly qualified, independent nominees who possess the necessary skills and experience in manufacturing, operational efficiency, and financial accountability to create long-term shareholder value.
- Operational excellence through Lean manufacturing, supply chain revamp, and a zero-defect delivery model.
- Customer trust rebuilding by re-establishing quality assurance and transparent communications.
- Financial stabilization by restructuring debt, optimizing assets, and improving liquidity.
- Workforce empowerment through training, development, and creating a high-performance culture.
- New market penetration and innovation to drive sustainable revenue growth and shareholder value.
A Superior Board for a New Era
BHW has nominated an exceptional slate of directors:
- Paul L. Snyder III – transformational business leader with a track record of turnaround success.
- Christine R. Marlow – defense industry strategist and Six Sigma expert.
- Michael W. Dolpp – former VP at Danaher with world-class operational credentials.
- Charles C. Alfiero – seasoned portfolio and asset manager with deep governance expertise.
“These proven leaders bring decades of relevant experience to rescue Servotronics from its current peril and reposition it as a respected industry player,” Snyder emphasized.
Investors, employees, customers, and stakeholders can view the plan, and related materials, at https://saveservotronics.com/
Call to Action
BHW strongly urges shareholders to vote “FOR” the four (4) BHW nominees Paul L. Snyder III, Christine R. Marlow, Michael W. Dolpp and Charles C. Alfiero, “FOR” the one (1) unopposed Company nominee Karen L. Howard, and “WITHHOLD” on the remaining four (4) Company nominees: Brent D. Baird, William F. Farrell, Jr., Christopher M. Marks, and Evan H. Wax on the WHITE universal proxy card to protect and maximize shareholder value.
About Beaver Hollow Wellness
Beaver Hollow Wellness, LLC is a private investment and business development firm dedicated to operational excellence, governance accountability, and driving long-term shareholder value.
Media Contact:
Kevin Keenan
Keenan Communications Group
716-481-6806
kevin@keenancommunicationsgroup.com
If shareholders have any questions, please contact our Proxy Solicitor, Alliance Advisors at:
Alliance Advisors
Email: BHW@allianceadvisors.com
CERTAIN INFORMATION CONCERNING THE PARTICIPANTS
Beaver Hollow Wellness, LLC, together with the other participants named herein (collectively “the Group”), has filed a definitive proxy statement and accompanying WHITE proxy card with the Securities and Exchange Commission (“SEC”) to be used to solicit proxies with respect to the election of Beaver Hollow Wellness LLC’s highly-qualified director nominees to be voted on at the 2025 annual meeting of shareholders of Servotronics, Inc., a Delaware corporation (the “Company”), scheduled to be held virtually on June 3, 2025, at 9:00 a.m. Eastern Daylight Time.
THE GROUP STRONGLY ADVISES ALL SHAREHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS ARE AVAILABLE AT NO CHARGE ON THE SEC WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, UPON REQUEST.
The participants in the proxy solicitation are Beaver Hollow Wellness, LLC, Founders Software, Inc., Paul L. Snyder, III, Kathleen Scheffer Christine R. Marlow, Michael W. Dolpp and Charles C. Alfiero.
As of the date hereof, Beaver Hollow Wellness, LLC beneficially owns directly 388,745 shares of common stock, par value $0.20 per share, of the Company (the “Common Stock”). Founders Software, Inc., as a member of, and holder of approximately 92 percent of the issued and outstanding membership interest of Beaver Hollow Wellness, LLC, may be deemed to beneficially own the 388,745 shares of Common Stock owned directly by Beaver Hollow Wellness, LLC. Paul L. Snyder III, as the indirect, majority shareholder and Chairman of the Board of Directors of Founders Software, may be deemed to beneficially own the 388,745 shares of Common Stock owned directly by Beaver Hollow Wellness, LLC. As of the date hereof, Kathleeen Ann Scheffer beneficially owns directly 2,173 shares of Common Stock. As of the date hereof, none of Christine R. Marlow, Michael W. Dolpp or Charles C. Alfiero beneficially owns any Common Stock.
Shareholders who have any questions or need assistance voting may contact the Group’s proxy solicitors, Alliance Advisors, toll-free at (844) 202-6145.