WYNNEFIELD GROUP SENDS DEFINITIVE PROXY MATERIALS TO TECHPRECISION …
TechPrecision Corporation (TPCS) is currently facing challenges with late SEC filings and a warning about its ability to continue as a going concern. The Wynnefield Group, a significant shareholder in TPCS, is taking action by sending definitive proxy materials to all stockholders, including a blue proxy card and a letter holding the board accountable for poor results and strategic missteps.
The Wynnefield Group, led by Robert D. Straus, is advocating for the election of its two qualified director nominees to the board. In light of TechPrecision’s recent disclosure of non-compliance with a Nasdaq Listing Rule due to late filing, the concerns raised by the Wynnefield Group are significant. The company’s consistent failure to meet filing deadlines over the years poses a risk to stockholders, with doubts raised about its future viability. This situation underscores the importance of immediate action and accountability from the board.
To ensure that all TechPrecision stockholders have a say in the matter, the Wynnefield Group urges everyone to vote using the blue proxy card or voting instruction form. This is crucial for electing new directors who can bring positive change to the company. In case of any questions or assistance needed in voting, stockholders can reach out to Saratoga Proxy Consulting LLC.
Remember, your vote matters, and it’s essential to make your voice heard to protect your investment in TechPrecision. For more updates and information, visit www.RebuildTPCSCredibility.com. Let’s work together to ensure a better future for TechPrecision and its shareholders.
