DEFA14A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 4, 2023

Servotronics, Inc.

(Exact name of registrant as specified in its charter.)

Commission File Number: 001-07109

Delaware	16-0837866
(State or other jurisdiction	(IRS Employer
of incorporation)	Identification No.)

1110 Maple Street

Elma, New York 14059-0300

(Address of principal executive offices, including zip code)

(716) 655-5990

(Registrant's telephone number, including area code)

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common stock	SVT	NYSE American

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

x Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company        ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.         ¨

Item 7.01 Regulation FD Disclosure.

On April 4, 2023, the Company issued a press release titled “Servotronics Announces Strategic Vision to Maximize Long-Term Shareholder Value” A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.

On April 4, 2023, the Company made available on the investor relations section of the Company’s website an updated investor presentation that includes information regarding the Company’s strategic plan, business segment performance and long-term outlook. A copy of the investor presentation is attached as Exhibit 99.2 and is incorporated herein by reference.

IMPORTANT INFORMATION

The Company will file a proxy statement with the Securities and Exchange Commission (the "SEC") in connection with the solicitation of proxies for its annual meeting of shareholders. The Company will furnish the definitive proxy statement to its shareholders. Shareholders are strongly advised to read the proxy statement because it will contain important information from the Company. Shareholders may obtain a free copy of the proxy statement, any amendments or supplements to the proxy statement and other documents that the Company files with the SEC from www.sec.gov or the Company's website at https://servotronics.com/investor-relations/ as soon as reasonably practicable after such materials are electronically filed with, or furnished to, the SEC.

The Company, its directors and its executive officers may be deemed participants in the Company's solicitation of proxies from shareholders in connection with the matters to be considered at the upcoming annual meeting of shareholders. Information about the Company's directors and executive officers is set forth in the Company's preliminary proxy statement for its 2023 Annual Meeting of Shareholders, which was filed with the SEC on March 24, 2023 and is available at the SEC's website at www.sec.gov. Additional information regarding the interests of participants in the solicitation of proxies in connection with the upcoming annual meeting of shareholders will be included in the definitive proxy statement that the Company will file with the SEC.

Item 9.01 Financial Statements and Exhibits.

Exhibit No. Description

99.1 Press release of Servotronics, Inc. dated April 4, 2023

99.2 Investor Presentation dated April 4, 2023

104 Cover Page Interactive Data File (embedded within Inline XBRL document)

Signature(s)

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:     April 4, 2023

Servotronics, Inc.
By:	/s/Lisa F. Bencel, Chief Financial Officer
	Lisa F. Bencel
	Chief Financial Officer

EX-99.1

Exhibit 99.1

Servotronics Announces Strategic Vision to Maximize Long-Term Shareholder Value

-- Progress throughout 2022 Supports Focus on Core Business to Drive Long-term Profitable Growth --

Elma, NY, April 4, 2023 – Servotronics, Inc. (NYSE American – SVT) a designer and manufacturer of servo-control components and other advanced technology products today announced details of its strategic vision to improve operational effectiveness and help drive sustainable growth and long-term shareholder value.

Within the last twelve months the Company made considerable progress in revitalizing its leadership and culture. Steps included:

· Named William F. Farrell, Jr. as Chief Executive Officer to lead a transformation and revitalization of the culture and business results.

· Refreshed the Board of Directors with three new independent directors and a non-executive Chairman to enhance overall governance and bring fresh perspectives to leadership.

· Enhanced governance with the early elimination of the Company’s shareholder rights plan for greater shareholder accountability.

· Developed an updated strategic plan, identifying tactics to guide the organization in realizing its potential.

· Strengthened the corporate leadership team, including the addition of a new Director of Human Resources and two executives to lead its Advanced Technology Group (ATG) and Consumer Products Group (CPG) segments.

· Announced the pursuit of strategic alternatives for CPG to align long-term strategic focus on Servotronics’ core aerospace business.

“Our team has made tremendous progress over the past year to revitalize our culture and define a long-term strategic vision for the business,” said Chief Executive Officer William F. Farrell, Jr. “Our efforts to create additional value for all stakeholders began with the refresh of our corporate culture to drive integrity and accountability. In addition, we have added leadership team members that exemplify this change and bring capabilities to improve the performance of our Company. This transformation will enhance our operational effectiveness, create profitable growth, and result in long-term value for our employees, customers, and shareholders.”

1110 Maple Road, PO Box 300 | Elma, New York 14059-0300 | 716-655-5990 | www.servotronics.com

The core of Servotronics’ new strategic vision is centered on four key objectives that will collectively drive shareholder value. They are:

1. Profitable Growth: Significant post-pandemic recovery is occurring in the Commercial Aerospace market. Servotronics is well positioned with long-term contracts on major programs to capitalize on this growth. In addition, new products are being added to expand the Company’s portfolio within these markets. Opportunities are also being explored in new markets that require the safety-critical products in which Servotronics excels. Each area for growth has also been evaluated to insure profit targets are being achieved.

2. People Centric Culture: The organization is building a culture of integrity and accountability. These improvements, and investments in our employees, are helping to attract, retain, and develop talent that is critical to Servotronics’s future.

3. Operational Excellence: The Company is focused on exceeding customers’ quality and delivery expectations. Continuous improvement efforts are underway to improve manufacturing efficiency and ensure the safety of processes and products.

4. Quality: With the safety critical applications of its products, Servotronics continues to focus on quality and compliance with industry Zero-Defect initiatives.

In support of the implementation of the Company’s new long-term strategic vision, the Leadership Team has developed a 5-year operating plan to drive profitable growth. By executing the strategic plan, targeted improvements in financial results include:

· Mid-single-digit revenue growth which is in line with, or slightly higher than, projected industry growth.

· A return to pre-pandemic gross margins, representing meaningful improvement in profitability over the 5-year time horizon.

Chief Executive Officer William F. Farrell, Jr. concluded, “Our refreshed Board of Directors and new Leadership Team are guiding the Company through a culture change, and driving our updated strategy. We are respecting Servotronics’s historical strengths and are accelerating to the future on our newly developed strategic path. This transformation will create improved financial performance and value for all of our stakeholders.”

Servotronics has provided an updated investor presentation with detailed information regarding the strategic plan, business segment performance and long-term outlook. The presentation is available on the investor relations section of the Company’s website.

1110 Maple Road, PO Box 300 | Elma, New York 14059-0300 | 716-655-5990 | www.servotronics.com

ABOUT SERVOTRONICS

The Company is composed of two groups – the Advanced Technology Group (ATG) and the Consumer Products Group (CPG). The ATG primarily designs, develops and manufactures servo controls and other components for various commercial and government applications (i.e., aircraft, jet engines, missiles, manufacturing equipment, etc.). The CPG designs and manufactures cutlery, bayonets, pocket knives, machetes and combat knives, survival, sporting, agricultural knives and other edged products for both commercial and government applications.

IMPORTANT INFORMATION

The Company will file a proxy statement with the Securities and Exchange Commission (the "SEC") in connection with the solicitation of proxies for its annual meeting of shareholders. The Company will furnish the definitive proxy statement to its shareholders. Shareholders are strongly advised to read the proxy statement because it will contain important information from the Company. Shareholders may obtain a free copy of the proxy statement, any amendments or supplements to the proxy statement and other documents that the Company files with the SEC from www.sec.gov or the Company's website at https://servotronics.com/investor-relations/ as soon as reasonably practicable after such materials are electronically filed with, or furnished to, the SEC.

The Company, its directors and its executive officers may be deemed participants in the Company's solicitation of proxies from shareholders in connection with the matters to be considered at the upcoming annual meeting of shareholders. Information about the Company's directors and executive officers is set forth in the Company's preliminary proxy statement for its 2023 Annual Meeting of Shareholders, which was filed with the SEC on March 24, 2023 and is available at the SEC's website at www.sec.gov. Additional information regarding the interests of participants in the solicitation of proxies in connection with the upcoming annual meeting of shareholders will be included in the definitive proxy statement that the Company will file with the SEC.

1110 Maple Road, PO Box 300 | Elma, New York 14059-0300 | 716-655-5990 | www.servotronics.com

FORWARD-LOOKING STATEMENTS

Certain of the statements contained in this press release should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “will,” expect,” “intend,” “anticipate,” “believe,” "estimate,” “plan,” “could,” “should,” “would,” “continue” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Examples of forward-looking statements include, among others, statements about the Company’s plans, objectives, expectations, intentions, estimates and strategies for the future and other statements that are not historical facts. These forward-looking statements are based on the Company’s current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, among others, general economic and business conditions affecting the commercial aviation industry and other industries served by the Company, conditions affecting the Company’s customers and suppliers, the introduction of new technologies and the impact of competitive products, the willingness and ability of the Company's customers to fund long-term purchase programs, and market demand and acceptance both for the Company's products and its customers' products which incorporate Company-made components, the Company's ability to accurately align capacity with demand, the availability of financing and changes in interest rates, the outcome of pending and potential litigation, the severity, magnitude and duration of the COVID-19 pandemic, including impacts of the pandemic and of businesses' and governments' responses to the pandemic on our operations and personnel, and on commercial activity and demand across our and our customers' businesses, and on global supply chains, the ability of the Company to obtain and retain key executives and employees and the additional risks discussed in the Company's filings with the Securities and Exchange Commission. Additionally, there may be other factors of which the Company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The Company does not assume an obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the date indicated in the statement.

SERVOTRONICS, INC. (SVT) IS LISTED ON NYSE American

1110 Maple Road, PO Box 300 | Elma, New York 14059-0300 | 716-655-5990 | www.servotronics.com

EX-99.2

Exhibit 99.2

SHAREHOLDER UPDATE PRESENTATION 3 APRIL 2023 Copyright © 2023, Servotronics, Inc.

FORWARD LOOKING STATEMENT Certain of the statements contained in this presentation should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “will,” expect,” “intend,” “anticipate,” “believe,” "estimate,” “plan,” “could,” “should,” “would,” “continue” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Examples of forward-looking statements include, among others, statements about the Company’s plans, objectives, expectations, intentions, estimates and strategies for the future and other statements that are not historical facts. These forward-looking statements are based on the Company’s current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, among others, general economic and business conditions affecting the commercial aviation industry and other industries served by the Company, conditions affecting the Company’s customers and suppliers, the introduction of new technologies and the impact of competitive products, the willingness and ability of the Company's customers to fund long-term purchase programs, and market demand and acceptance both for the Company's products and its customers' products which incorporate Company-made components, the Company's ability to accurately align capacity with demand, the availability of financing and changes in interest rates, the outcome of pending and potential litigation, the severity, magnitude and duration of the COVID-19 pandemic, including impacts of the pandemic and of businesses' and governments' responses to the pandemic on our operations and personnel, and on commercial activity and demand across our and our customers' businesses, and on global supply chains, the ability of the Company to obtain and retain key executives and employees and the additional risks discussed in the Company's filings with the Securities and Exchange Commission. Additionally, there may be other factors of which the Company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The Company does not assume an obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the date indicated in the statement. Copyright © 2023, Servotronics, Inc. 3

YEAR OF TRANSFORMATION Copyright © 2023, Servotronics, Inc. The past year has been one of transformation for Servotronics. Since my appointment as CEO, we have taken strategic actions to benefit all stakeholders in the company including: • Fostering a culture of integrity and accountability • Taking advantage of recovery and growth in the aerospace market • Leveraging our exceptional team members and manufacturing expertise • Developing and deploying a new business strategy As part of our strategic review, we have decided to divest our Consumer Products Group (CPG). This realignment will allow us to concentrate our efforts on our core aerospace markets. Our newly refreshed Board and leadership team are focused on gaining market share and achieving long-term returns to our shareholders by delivering the highest quality products while remaining flexible in our approach to meet our customers’ evolving needs. We are energized for the future of our company and what it can bring to our customers, employees, and shareholders. Thank you for your continued support. Bill Farrell, Jr. | CEO Respecting the Past and Accelerating to the Future

AGENDA 01 Servotronics Overview 02 ATG Segment 03 CPG Segment 04 A Growth Company Copyright © 2023, Servotronics, Inc. 5

SERVOTRONICS OVERVIEW Founded in 1959 as a servo valve manufacturing company, we partner with Tier 1 Aerospace companies to design and deliver high-quality products at competitive prices. Servotronics, Inc. (NYSE Amex: SVT) Advanced Technology Group (ATG) Comprises the servo valve business operating as a premier supplier of safety-critical products for applications that touch every person that flies in a plane. Consumer Products Group (CPG) Comprised of Ontario Knife Company, a heritage knife designer and manufacturer that offers high-quality tactical, outdoor, and kitchen designs. Your Partner for Performance 6 Copyright © 2023, Servotronics, Inc. CPG 20% ATG 80% 2022 Sales Breakdown

DRIVING SUPERIOR RETURNS FOR SHAREHOLDERS 7 Copyright © 2023, Servotronics, Inc. Servotronics is leading a people-focused culture change. We are taking a new view to the future where all employees are proud to work here, understand they make a difference, and care about customers. Respecting the past and accelerating to the future Clear strategic path to attaining our 5-year goals of mid-single digit CAGR in sales and return to pre-pandemic gross margins to drive superior returns for our shareholders.

FUTURE FOCUSED Stability Stable engineering and manufacturing company with the technical expertise to meet the safety-critical specifications of world-class, growing aerospace customers Culture People-focused culture recognizes that employees are essential to the company's future and fosters recruitment, retention and development by investing in people Vision Renewed strategic vision with four objectives: 1. Profitable Growth 2. Leading culture change 3. Commitment to Operational Excellence 4. Zero Defects Manufacturing Refresh A management team and Board of Directors refresh combined with a renewed brand is creating a new view of the future to ensure business fundamentals are in place to support long-term investor value Overcoming past challenges with a new Leader, Board of Directors refresh, and a forward-looking, proactive business approach 8 Copyright © 2023, Servotronics, Inc.

A NEW STRATEGIC VISION • Implement world-class quality methodology • Focus on detection, prevention & zero waste • Compliant with Aerospace initiatives Zero Defects • Exceed customer expectations • Innovative product development • Efficiency improvements Process Commitment • Strong recovery of existing markets • Realigning business portfolio • Diversification to new applications & markets Sustainable Success • Culture of integrity and accountability • Attract, retain, and grow talent • Invest in employees Leading Change 1. Profitable Growth 3. Operational Excellence 4. Quality Assurance 2. People Centric Culture Four Objectives for a New Servotronics 9 Copyright © 2023, Servotronics, Inc.

A STRATEGIC PATH TO PROFITABLE GROWTH • Aerospace recovering from pandemic lows – double-digit growth over next few years • ATG’s stable workforce and expertise are competitive advantages Strong Recovery in Existing Markets Realigning Business Portfolio • Adding new products based on market needs • Repair and Overhaul (R&O) growth • Divesture of CPG/Ontario Knife Company Diversification to New Applications & Markets • Expansion into adjacent markets with high growth potential • Diversification beyond commercial aerospace • Investing in new technologies 10 Copyright © 2023, Servotronics, Inc.

Building a culture of integrity and accountability •Create engagement with a new Employee Value Proposition •Accessible, engaged, and accountable leadership Attract, retain, and grow talent •Stable employment drives strategic imperatives •A welcoming & productive workplace that contributes to a thriving community Invest in Employees •Ensure a positive employee experience across all stages of the employee life cycle •Opportunities for career growth and personal development PEOPLE-CENTRIC CULTURE 11 Copyright © 2023, Servotronics, Inc.

COMMITMENT TO OPERATIONAL EXCELLENCE Efficiency Improvement •Drive the highest quality products while ensuring safety •Enable teams with continuous improvement tools Exceed Customer Expectations •Enhance manufacturing throughput and reduce rework •Enable teams with a lean methodology to improve efficiencies and eliminate waste Innovative Product Development • Leverage strengths in engineering and product development •Empower teams with innovation tools 12 Copyright © 2023, Servotronics, Inc.

Implement world-class quality methodology •Relentless focus on the quality of products for our global clients Focus on detection, prevention & zero waste • Lean methodology implemented consistently throughout the organization Compliant with the Aerospace Initiatives •Working on Aerospace Engine Manufacturers Zero Defect Initiatives ZERO DEFECT MANUFACTURING 13 Copyright © 2023, Servotronics, Inc.

Recovering & Growing ATG SEGMENT 14 Copyright © 2023, Servotronics, Inc.

Medical 1% Aviation Military 13% Repair & Overhaul 15% Aviation Civil 72% SERVO VALVE LEADERSHIP FOR COMMERCIAL AIRCRAFT 15 Copyright © 2023, Servotronics, Inc. Touching every person who flies in a plane • Preferred servo valve supplier for civil and military aviation with long-term customer contracts Strategic Customers • Providing the most competitive servo valves in the industry • Ideal for safety-critical, high-temperature, and high-vibration environments • Single and two-stage servo valves for hydraulic and pneumatic systems Products • Technology, aerospace infrastructure, and a stable workforce to meet stringent requirements Capabilities 2022 Sales Breakdown

EXCELLING ON SAFET Y-CRITICAL APPLICATIONS Optimizing technology for Tier 1 OEMs & MRO’s Environmental Controls Anti-Ice Systems Hydromechanical Systems Auxiliary Power Units (APU) on Engines 16 Copyright © 2023, Servotronics, Inc.

FINANCIAL PERFORMANCE 17 Copyright © 2023, Servotronics, Inc. Organic Growth and New Opportunities Fuel Future Outlook • Experiencing double-digit near-term growth trajectory fueled by recovery of customers post-COVID pandemic • 2019 - 2021 Gross margins were adversely affected by the pandemic • 2022 Gross margins impacted by additional costs in preparation for future revenue growth • Anticipate margins to start improving in 2023 5% 10% 15% 20% 25% 30% 35% $10M $20M $30M $40M $50M $60M 2016 2017 2018 2019 2020 2021 2022 Gross Margin Revenue Revenue Gross Margin • Business development investment, growth initiatives, and rebrand attracting new opportunities in core markets and beyond Organic Growth Gross Margins Trends New Opportunities

CIVIL AVIATION GROWTH FORECAST 18 0 750 1500 2250 3000 2011 2013 2015 2017 2019 2021 2023 2025 2027 2029 2031 Narrowbody & Widebody Jets Regional Jets & Tuboprops Forecast 2023 - 2032 Favorable Forecast Fuels Servotronics Growth Trajectory Copyright © 2023, Servotronics, Inc. • Market recovery of Airframers, Servotronics is well positioned on programs including the two largest (737 Max, A320neo) • Industry primed for growth trajectory and Servotronics products supplied to commercial airplanes, (Narrowbody and Widebody), and business jets Recovery Ready Source: Naveo Limited Air Transport Quantity of Deliveries

Major airframe program ramp-up (737 Max, A320 Neo) Long term contracts with the two largest programs set us up for growth Flying hours increasing and lower aircraft retirement Increase in repair and overhaul business MARKET TRENDS Growth Benefits for Servotronics 19 Copyright © 2023, Servotronics, Inc. Constraints in the aircraft supply chain driving the customer to alternatives New business opportunities with existing and new customers Industry-wide loss of technical knowledge Retaining talent to manage growth MARKET TRENDS BENEFITS FOR SERVOTRONICS

REALIGNING PORTFOLIO Technology Expansion Enhancing product portfolio for new applications and fostering partnerships Business Development Using rapid modeling tools to demonstrate preliminary designs and a new website to drive customer engagement New Product Launch New product introduction of two-stage Jet Pipe Servo valve targeted for hydraulic systems on aircraft, turret controls on tanks and other related applications 20 Copyright © 2023, Servotronics, Inc.

DIVERSIFICATION TO NEW APPLICATIONS & MARKETS Identify new long-term markets Explore options for new applications Realign product mix Growth initiatives Underway 21 Investigate new business models Copyright © 2023, Servotronics, Inc.

Leveraging Organic Growth with a Strong Recovery in Existing Markets and Ramp-up of Aircraft Production Implementing Plans for Diversification and Growth in New Markets, Applications, and Products Implementing Strategic Objectives to Change the Culture and Transform Business Operations ATG SUMMARY 22 Copyright © 2023, Servotronics, Inc. Path to Profitable Growth

Realigning Around Heritage Brand CPG SEGMENT 23 Copyright © 2023, Servotronics, Inc.

Tools 54% Camping 3% Culinary 5% Military & Tactical 19% Hunting 19% ONTARIO KNIFE COMPANY 24 Copyright © 2023, Servotronics, Inc. • One of the oldest operating brands in the industry Loyal Customer Base • Leveraging innovative product design and new materials American Ingenuity Affordable USA Heritage Brand 2022 Sales Breakdown • Founded on patented technology and pride in craftsmanship Craftsmanship & Quality

FINANCIAL PERFORMANCE 25 Copyright © 2023, Servotronics, Inc. Markets are Growing for Overall Knife Business • *Knife market expected to grow 6% CAGR, 2022 - 2030 • Popularity of outdoor and adventure activities drives increased demand for knives in OKC core markets Organic Growth • Innovation and new product development fueling market growth • OKC leads in the development of products with new Magnacut Material North America Market -10% -5% 0% 5% 10% 15% 20% 25% $2M $4M $6M $8M $10M 2016 2017 2018 2019 2020 2021 2022 Gross Margin Revenue Revenue Gross Margin • Operational improvements, portfolio review, and price increases help to improve gross margins Gross Margins Trends *Source: Grand View Research

Exports 4% OEM/ Private Label 10% Commercial Retailers 10% Military Distributors 15% E-Commerce 31% Distributors 30% BUSINESS DEVELOPMENT STRATEGY 26 Copyright © 2023, Servotronics, Inc. Optimizing Channels and Products for Greater Impact • Received multiple awards and recognition at recent 2023 SHOT Show New Product Launch • Focus on new and reinvigorated channels and private label Channels • Strategic review and adjustment of product lines and pricing Portfolio Management

Heritage Brand in a Growing Market Leverage New Products, New Brand and Invigorated Channels for Sales Growth Support Strategic Divestiture and Transition CPG SUMMARY 27 Copyright © 2023, Servotronics, Inc. Path to Profitable Growth

Poised for Existing & New Opportunities A GROWTH COMPANY 28 Copyright © 2023, Servotronics, Inc.

A CLEAR STRATEGIC PATH 2022 2023 2024 – 2027 ➡ • William F. Farrell Jr. appointed CEO • Start of Board of Directors refresh • Develop Strategic Plan • Strong, double digit commercial aircraft recovery • Implement strategy • Divestiture of OKC • Higher revenues and resulting operating leverage will lead to a return to profitability • Growth initiative implementation • New product launch • Technology expansion 29 Copyright © 2023, Servotronics, Inc. Attaining our 5-Year Goals Driving superior returns for our shareholders. Mid-single digit CAGR in sales and return to pre-pandemic gross margins.

Stable Engineering & Manufacturing Company People-Focused Culture Renewed Strategic Vision Management Team & Board of Directors Refresh SUMMARY 30 Copyright © 2023, Servotronics, Inc. Respecting the Past and Accelerating to the Future Divestiture of CPG

CONTACT BILL FARRELL JR. Chief Executive Officer info@servotronics.com 716-655-5990 Investor Relations Copyright © 2023, Servotronics, Inc.