Star Equity Issues Open Letter to Board of Superior Drilling Products
Retrieved on:
Tuesday, May 10, 2022
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OLD GREENWICH, Conn., May 10, 2022 (GLOBE NEWSWIRE) -- Star Equity Fund, LP and affiliates (“Star Equity”, “we”, “our”), a shareholder of Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDPI” or the “Company”), issued today an open letter to SDPI’s Board of Directors (the “Board”).
Key Points:
- OLD GREENWICH, Conn., May 10, 2022 (GLOBE NEWSWIRE) -- Star Equity Fund, LP and affiliates (Star Equity, we, our), a shareholder of Superior Drilling Products, Inc. (NYSE American: SDPI) (SDPI or the Company), issued today an open letter to SDPIs Board of Directors (the Board).
- The participants in the proxy solicitation are anticipated to be Star Equity Fund, Star Equity Fund GP, LLC (Star Equity Fund GP), Star Value, LLC (Star Value), Star Equity Holdings, Inc. (Star Equity Holdings), Star Investment Management, LLC (Star Investment Management), Jeffrey E. Eberwein, BaShara (Bo) Boyd, and Robert G. Pearse.
- Star Equity Fund GP, as the general partner of Star Equity Fund, may be deemed to beneficially own the 350,000 shares of Common Stock owned directly by Star Equity Fund.
- Star Equity Fund, LP is an investment fund managed by Star Equity Holdings, Inc. Star Equity Fund seeks to unlock shareholder value and improve corporate governance at its portfolio companies.