WYNNEFIELD GROUP SENDS DEFINITIVE PROXY MATERIALS TO TECHPRECISION …
Wynnefield Group, along with Robert D. Straus, has taken a stand by sending definitive proxy materials to TechPrecision stockholders. Why? They want to hold members of the board accountable for what they argue are years of poor operating results, performance, and expensive strategic errors. These materials include a blue proxy card and a letter addressed to stockholders.
The goal? Wynnefield Group is advocating for the election of two of their highly qualified and exceptional director nominees to the Company’s Board. They’ve also put out a detailed investor presentation to bolster their case.
Why now? TechPrecision recently failed to meet a crucial Nasdaq Listing Rule due to the tardy filing of its Quarterly Report on Form 10-Q for the fiscal quarter that ended on September 30, 2024. This is not an isolated incident, as they’ve apparently missed multiple SEC filing deadlines in the past. This trend has signaled red flags for Wynnefield Group, especially considering the Company’s expressed doubts regarding its future as a going concern.
The call to action? TechPrecision stockholders are encouraged to vote for Wynnefield Group’s two Director nominees by using the blue proxy card or blue voting instruction form received. This is crucial to ensure that every single share is represented.
Uncertain about how to proceed? Not to worry. Reach out to Saratoga Proxy Consulting LLC at (212) 257-1311 or (888) 368-0379, or drop them an email at [email protected] for help with casting your vote.
Stay informed by signing up for updates at www.RebuildTPCSCredibility.com. Voting isn’t just a right; it’s a chance to shape the future of TechPrecision.
