TechPrecision's Largest Shareholder Wins Two Board Seats

Dow Jones

2024-12-26

Techprecision Corp.0.00%

By Ben Glickman

TechPrecision said two nominees from Wynnefield Group, the company's largest individual shareholder, were elected to its board and named chair and vice chair.

The Westminster, Mass., company, which makes metal components for the defense and industrial sectors, said Thursday that three new directors--John Moore, General Victor Renuart Jr. and Robert Straus--had been elected at the company's annual meeting.

Straus and Renuart were both nominees of Wynnefield, a small-cap focused hedge fund which has been agitating for change at the company. Renuart was elected chair of the board, while Straus was elected vice chair.

Wynnefield holds about 4.5% of TechPrecision's shares, according to FactSet.

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

December 26, 2024 17:37 ET (22:37 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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