SAN FRANCISCO, Jan. 30, 2017 /PRNewswire/ -- Meson Capital Partners, LLC ("Meson"), a major and long-term stockholder of Sevcon, Inc. (NASDAQ: SEV) ("Sevcon" or the "Company") with approximately 20% of the Company's outstanding shares, believes Sevcon is in clear violation of SEC proxy rules for failing to identify Bassi Holdings as a participant in its solicitation.
The violation stems from a press release issued in Lugo, Italy on January 25, 2017 by Bassi Holding S.r.l. ("Bassi"), which owns 11.4% of Sevcon's outstanding shares, regarding the solicitation of proxies for the Company's February 7, 2017 Annual Meeting of Stockholders.
Meson believes this Press Release constitutes a solicitation by the Company and the Company has failed to disclose to stockholders that Bassi is a Participant in the Company's solicitation. Meson calls on the Company to immediately correct and update its filings, and provide such revised information to its stockholders to ensure that all in fact receive accurate information in advance of the Annual Meeting.
Important Stockholder Information
Sevcon will hold its 2017 Annual Meeting of stockholders on February 7, 2017. Meson has filed with the Securities and Exchange Commission (the "SEC") and mailed to its stockholders a definitive proxy statement and form of GOLD proxy card in connection with the 2017 Annual Meeting. The definitive proxy statement contains important information about Meson, the 2017 Annual Meeting, and related matters.
STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ MESON'S DEFINITIVE PROXY STATEMENT AND ANY OTHER RELEVANT SOLICITATION MATERIALS. THESE DOCUMENTS CONTAIN IMPORTANT INFORMATION.
Warning Regarding Forward Looking Statements
THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS. FORWARD LOOKING STATEMENTS CAN BE IDENTIFIED BY USE OF WORDS SUCH AS "OUTLOOK", "BELIEVE", "INTEND", "EXPECT", "POTENTIAL", "WILL", "MAY", "SHOULD", "ESTIMATE", "ANTICIPATE", AND DERIVATIVES OR NEGATIVES OF SUCH WORDS OR SIMILAR WORDS. FORWARD LOOKING STATEMENTS IN THIS PRESS RELEASE ARE BASED UPON PRESENT BELIEFS, EXPECTATIONS, ESTIMATES AND PROJECTIONS REGARDING THE COMPANY AND PROJECTIONS REGARDING THE INDUSTRY IN WHICH IT OPERATES. HOWEVER, FORWARD LOOKING STATEMENTS AND THEIR IMPLICATIONS ARE NOT GUARANTEED TO OCCUR AND MAY NOT OCCUR AS A RESULT OF VARIOUS RISKS, REASONS AND UNCERTAINTIES. FURTHER, SUCH RISKS, REASONS AND UNCERTAINTIES COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY. ACCORDINGLY, YOU SHOULD NOT RELY UPON FORWARD-LOOKING STATEMENTS AS A PREDICTION OF ACTUAL RESULTS AND ACTUAL RESULTS MAY VARY MATERIALLY FROM WHAT IS EXPRESSED IN OR INDICATED BY THE FORWARD-LOOKING STATEMENTS.
John Glenn Grau
Main: 203 972.9300 ext. 11
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SOURCE Meson Capital Partners, LLC