Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Instagram Outage Disrupts Thousands of U.S. Users 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
SOUTHBOROUGH, Mass., Dec. 09, 2016 -- Sevcon, Inc. (Nasdaq:SEV) today announced that independent director Matt Goldfarb has been elected Chairman of the Board of Directors. He replaces Ryan J. Morris, who had been Executive Chairman and who will remain a director.
Mr. Goldfarb has served as Acting Chief Executive Officer of Cline Mining Corporation, a Canadian mining company, since December 2013. He is a founding partner of Southport Midstream Partners LLC, a private-equity backed development company focused on energy infrastructure projects. Mr. Goldfarb has previously served as Chief Executive Officer and Vice Chairman of Xinergy Ltd. and as a senior investment professional with GSO Capital Partners, Pirate Capital and Icahn Associates Corp. He is a director of Midway Gold Corporation and has served on numerous other public company boards of directors. He received his Bachelor of Arts degree from the University of Wisconsin and a J.D. from Fordham University School of Law.
About Sevcon, Inc.
Sevcon is a global supplier of control and power solutions for zero-emission, electric and hybrid vehicles. Its products control on- and off-road vehicle speed and movement, integrate specialized functions, optimize energy consumption and help reduce air pollution. Sevcon’s newly acquired Bassi Division produces battery chargers for electric vehicles; power management and uninterrupted power source systems for industrial, medical and telecom applications; and electronic instrumentation for battery laboratories. The company supplies customers from its operations in the U.S., U.K., France, Germany, Italy, China and the Asia Pacific region, as well as through an international dealer network.
Contact: David Calusdian Sharon Merrill Associates 1 (617) 542 5300 [email protected] Matt Boyle President and CEO 1 (508) 281 5503 [email protected]
