Press Release: Sevcon : Sevcon Responds to Dissident Board Member's Shareholder Proposals as to Board Composition

SOUTHBOROUGH, Mass., Dec. 29, 2016 (GLOBE NEWSWIRE) -- Sevcon, Inc. (Nasdaq:SEV) ("Sevcon" or the "Company") today sets the record straight for its stockholders, customers, suppliers, employees and other constituents about the significant actions your Board of Directors and management team have undertaken to best position the Company for future growth and maximize shareholder value. This communication is occasioned by the Company's need to respond to a proposal by a dissident director and former Executive Chairman who, along with the activist hedge fund that he operates, Meson Capital LP ("Meson"), seeks to nominate a slate of directors at the 2017 Annual Meeting of Stockholders.