GAMCO Comments on Sevcon Proxy Contest
January 30 2017 - 4:00PM
Business Wire
At this time GAMCO Asset Management Inc., (“GAMCO”), an
affiliate of GAMCO Investors, Inc. (NYSE:GBL), on behalf of its
clients believes that it is in the best interest of all
stockholders to stay the course and allow the current Board of
Directors, including Ryan Morris, to work together to create
shareholder value.
Accordingly, GAMCO intends to vote against the expedited
declassification and to vote for the election of all five
candidates nominated by the Board of Directors of Sevcon, Inc.
(“Sevcon”) (NASDAQ:SEV) (assuming the declassification proposal is
not approved by stockholders). A representative of GAMCO will be
present at the annual meeting on February 7th in Boston, MA with
legal proxies.
GAMCO has evaluated the data that Ryan Morris and Meson Capital
Partners, LLC have brought to the attention of stockholders of
Sevcon. GAMCO believes the creative tension that exists is
constructive and will focus on strategic decisions that are in the
best interests of all stockholders.
GAMCO Investors, Inc., through its subsidiaries, manages private
advisory accounts (GAMCO Asset Management Inc.), mutual funds and
closed-end funds (Gabelli Funds, LLC). As of September 30, 2016,
GAMCO had approximately $39.6 billion in assets under
management.
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version on businesswire.com: http://www.businesswire.com/news/home/20170130006028/en/
For GAMCO Asset Management Inc.George Maldonado,
914-921-7733Director of Proxy Voting
Serviceswww.gabelli.com
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