United States securities and exchange commission logo
March 31, 2023
Jeffrey E. Eberwein
Executive Chairman
Star Equity Holdings
53 Forest Ave., Suite 101
Old Greenwich, CT 06870
Re: Servotronics, Inc.
Preliminary Proxy
Statement on Schedule 14A filed by Star Equity Holdings et
al.
Filed March 29,
2023
File No. 001-07109
Dear Jeffrey E. Eberwein:
We have reviewed your filing and have the following comments. In
some of our
comments, we may ask you to provide us with information so we may better
understand your
disclosure.
Please respond to these comments by providing the requested
information or advise us as
soon as possible when you will respond. If you do not believe our
comments apply to your facts
and circumstances, please tell us why in your response.
After reviewing your
response to these comments, we may have additional comments.
Preliminary Proxy on Schedule 14A filed by Star Equity on March 29, 2023
Quorum; Broker Non-Votes; Discretionary Voting, page 22
1. We note the disclosure
here and elsewhere that brokers will not have discretionary
authority to vote on
any of the proposals. It is our understanding that brokers may
exercise discretionary
authority on routine matters if they do not receive soliciting
materials. Please
clarify throughout the filing or advise.
Other Matters and Additional Information, page 27
2. Please advise us when
Star Equity anticipates distributing the proxy statement. Given that
reliance on Exchange
Act Rule 14a-5(c) is impermissible at any time before the registrant
distributes its proxy
statement, Star Equity will accept all legal risk in connection with
distributing the
initial definitive proxy statement without all required disclosures and
Jeffrey E. Eberwein
Star Equity Holdings
March 31, 2023
Page 2
should undertake to subsequently provide any omitted information in a
supplement in
order to mitigate that risk.
Proxy Card, page i
3. Please list the nominees in alphabetical order by last name for
Company Nominees
Opposed by Star Equity. See Rule 14a-19(e)(4).
4. We note the disclosure here and elsewhere that "if you mark more than
six 'FOR' and/or
'WITHHOLD' boxes with respect to the election of directors, all of
your votes for the
election of directors will be deemed invalid." It is our understanding
that a shareholder's
votes for the election of directors will be deemed invalid if a
shareholder marks more than
six "FOR" boxes, as opposed to marking more than six "FOR" and/or
"WITHHOLD"
boxes. Refer to the Company's proxy statement and card and revise or
advise as
appropriate.
We remind you that the filing persons are responsible for the accuracy
and adequacy of
their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
Please direct any questions to Michael Killoy at (202) 551-7576 or Perry
Hindin at (202)
551-3444.
FirstName LastNameJeffrey E. Eberwein Sincerely,
Comapany NameStar Equity Holdings
Division of
Corporation Finance
March 31, 2023 Page 2 Office of Mergers
& Acquisitions
FirstName LastName