Comments for SPA - Stockpickr! Your Source for Stock Ideas

Comments for SPA

Added By	Comments	Type	Date Added
barrons2	Lawndale Capital Management sent a letter to Sparton formally recommending that the company consider adding four independent directors to its board. Lawndale also wants the board to hire experienced turnaround management from outside its "historically ineffective managerial culture." The investor also provided the required notice of its intent, absent a satisfactory settlement of differing viewpoints, to directly nominate candidates for board seats via an alternative proxy slate at the next annual meeting. Lawndale holds 968,810 shares (9.9%).	Love	August 30, 2008
barrons2	Lawndale Capital Management says that it wants the electronics company to explore alternatives, including a possible sale: "Lawndale...believes the current stock price fails to reflect the value of Sparton's defense and niche EMS [electronics-manufacturing-service] businesses, largely because of inadequate corporate-governance practices that have effectively entrenched Sparton's underperforming management team." Lawndale currently owns 960,000 shares (9.8% of the total outstanding).	Love	January 19, 2008
barrons2	Lawndale Capital said that it intends to withhold 916,052 shares (9.3%) for the reelection of directors David Molfenter, W. Peter Slusser and Bradley Smith at the Oct. 24 annual meeting. Lawndale holds 960,460 shares (9.8%).	Love	October 13, 2007
barrons2	From Barron's 8-11-07: "Lawndale Capital Management is calling for Sparton to explore strategic alternatives. Lawndale wants Sparton to eliminate its staggered board structure and hire an outside pension consultant to review the asset allocation to company stock under Sparton's defined-benefit pension plan. Lawndale Capital holds 888,812 shares (9.1%)."	Love	August 11, 2007