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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。