PR Newswire
Beaver Hollow Wellness proxy fight featured in The Buffalo News
BUFFALO, N.Y.
, Feb. 25, 2025 /PRNewswire/ — The Buffalo News recently published an in-depth story on the proxy fight for control of Servotronics, Inc. (NYSE American – SVT), the Elma, New York-based manufacturer of high-performance servo valves for the aerospace industry. The battle pits Paul Snyder III, Servotronics’ largest individual shareholder, against the current board, with Snyder championing his transformative SAVE Servotronics plan to revitalize the company and protect Western New York jobs.
According to The Buffalo News, “A dissident shareholder campaign aiming to win a majority on Servotronics’ board involves some prominent Buffalo family names. Paul Snyder III, who is spearheading the effort, is Servotronics’ largest individual shareholder, owning 15.2% of its shares. Charles ‘Chris’ Alfiero, the son of prominent Buffalo executive Sal Alfiero who now oversees the family’s business and charitable ventures, is one of the group’s nominees for a board seat.”
Read the full article from *The Buffalo News* here: [Inside the fight for control of Servotronics](https://buffalonews.com/news/local/business/inside-the-fight-for-control-of-servotronics/article_1d9308d8-e7e0-11ef-9608-0f7d82dc8211.html).
The SAVE Servotronics Plan: A Path to Renewal and Growth
Snyder’s SAVE Servotronics plan is a comprehensive strategy designed to unlock the company’s untapped potential while ensuring it remains a vibrant part of the Western New York economy. The plan prioritizes:
1. Strategic Leadership: Electing a board with the experience and vision to drive innovation and operational excellence.
2. Accountability and Transparency: Conducting an internal investigation into potential unjust enrichment to ensure ethical governance.
3. Value Creation: Implementing operational efficiencies and growth initiatives aimed at boosting profitability and shareholder returns.
4. Empowering Employees: Investing in workforce development and innovation to solidify Servotronics’ industry leadership.
“I’m passionate about this because I cannot stand by and watch another vital Western New York company decline,” Snyder stated. “The SAVE Servotronics plan represents a fresh start—one rooted in accountability, innovation, and a commitment to the community.”
A Company at a Crossroads
Servotronics’ stagnant stock performance and lackluster financial results underscore the urgent need for change. As The Buffalo News reported, the company’s stock price remains at 2016 levels, while the S&P 500 has nearly tripled in that time. Through the first nine months of 2024, Servotronics reported a net loss of $251,000 on sales of $35.1 million, with fourth-quarter and full-year results still unreleased.
In a January 13, 2025 regulatory filing, Snyder formally initiated a proxy contest to secure board seats for himself, Alfiero, and two other highly qualified nominees. On January 28, Snyder issued a formal demand for an internal investigation into potential unjust enrichment at Servotronics, reinforcing his commitment to ethical leadership and shareholder rights.
Growing Support from Employees
Since The Buffalo News story ran, numerous current and former employees of Servotronics have reached out to express their support for the SAVE Servotronics plan. Many have shared their concerns about the company’s direction under current leadership and their belief that Snyder’s vision offers the best path forward for both the company and its workforce.
Protecting Western New York Jobs
Beyond financial performance, Snyder’s vision is deeply rooted in community stewardship. “I’m passionate about this because I cannot stand by and watch another story unfold that is a complete loss to this community, when I have a front-row seat to try to change it,” Snyder told The Buffalo News. His SAVE Servotronics plan ensures the company remains headquartered in Western New York, preventing the kind of corporate exodus that has harmed the region in the past.
Make Your Voice Heard
Servotronics shareholders are encouraged to support Snyder’s slate of board nominees and the SAVE Servotronics plan—a clear path toward revitalization, profitability, and community prosperity. For questions or more information, please contact Alliance Advisors at [email protected].
Read Beaver Hollow Wellness’ related letters to Servotronics shareholders and the Board of Directors here: [Beaver Hollow Wellness Letters](https://www.prnewswire.com/news-releases/beaver-hollow-wellness-issues-letters-to-servotronics-inc-nyse-american—svt-shareholders-and-board-of-directors-302367895.html).
Media Contact:
Kevin Keenan
Keenan Communications Group
716-481-6806
[email protected]
About Servotronics, Inc.:
Servotronics, Inc. is a leading designer and manufacturer of advanced technology servo valves and other high-performance components for the aerospace industry. Based in Elma, New York, the company has long been a key contributor to the region’s industrial landscape.
View original content:https://www.prnewswire.com/news-releases/inside-the-fight-for-control-of-servotronics-paul-snyders-save-servotronics-plan-takes-center-stage-302384976.html
SOURCE Beaver Hollow Wellness
