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.
MEDIA CONTACT
Andrew
Blum
AJB Communications
917.783.1680
ajbcomms@gmail.com
SHAREHOLDER CONTACT
John Glenn
Grau
InvestorCom
Direct:203.295.7841
Main: 203 972.9300 ext. 11
jgrau@investor-com.com
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SOURCE Meson Capital Partners, LLC