Wynnefield Group Sends Proxy Materials to TechPrecision
Wynnefield Group Takes Action to Hold TechPrecision Board Accountable
Wynnefield Partners Small Cap Value, L.P. I and its affiliates, along with Robert D. Straus, known as the Wynnefield Group, have sent official proxy materials to TechPrecision stockholders. These materials include a blue proxy card and a letter addressing concerns about years of poor operational results, performance, and costly strategic mistakes made by the board.
In addition to the proxy materials, the Wynnefield Group has released a detailed investor presentation that can be found on www.RebuildTPCSCredibility.com. They are urging all TechPrecision stockholders to vote with the blue proxy card and blue voting instruction form they receive to elect the Wynnefield Group’s two director nominees to the board.
The Wynnefield Group owns about 7% of TechPrecision’s outstanding common stock and has filed this definitive proxy statement with the Securities and Exchange Commission (SEC) to bring attention to the serious issues facing the company. With TechPrecision failing to comply with a Nasdaq Listing Rule and admitting doubts about its future as a going concern, the Wynnefield Group believes it’s time for significant changes.
To ensure that all shares are voted, stockholders who own TechPrecision shares in multiple accounts are encouraged to vote with each blue proxy card they receive. If you have any questions or need help with voting, you can contact Saratoga Proxy Consulting LLC.
TechPrecision stockholders are advised to review the proxy statement, letter to stockholders, and detailed investor presentation from the Wynnefield Group before making their decision. By voting for the Wynnefield Group’s highly qualified director nominees, General Victor Eugene “Gene” Renuart, Jr. and Mr. Robert Straus, stockholders can make their voices heard and push for positive change within the company.
