Shareholders Foundation, Inc.

Sparton Corporation (NYSE:SPA) Investor Alert: Investigation over Potential Excessive Executive Pay

An investigation for Sparton Corporation (NYSE:SPA) investors over potential breaches of fiduciary duties by certain directors of Sparton Corporation was announced and current long-term NYSE:SPA stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (ReleaseWire) -- 09/24/2012 -- Certain officers and directors of Sparton Corporation are currently under investigation concerning whether they breached their fiduciary duties by paying certain top officials at Sparton Corporation excessive compensation.

Investors who are current long-term stockholders of shares of Sparton Corporation (NYSE:SPA), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether certain directors and officers of Sparton Corporation harmed the company by agreeing to pay certain of Sparton’s senior officers and executives excessive compensation.

Sparton Corporation (NYSE:SPA) reported that its Total Revenue rose from $173.98 million for the 12 months period that ended on June 30, 2010 to $223.58 million for the 12 months period that ended on June 20, 2012.

However its Total Revenue was $221.87 million for the 12 months period that ended on June 30, 2009, before it fell to from $173.98 million for the 12 months period that ended on June 30, 2010.

The compensation of certain top officials at Sparton Corporation increased significantly from the Fiscal year 2011 to its Fiscal Year 2012. For instance, the President and CEO’s total pay rose from over $735,000 in the FY 2011 to over $1.4 million in the FY 2012 and the CFO’s total compensation increased from over $355,000 in the FY 2011 to over $496,000 in the FY 2012.

Shares of Sparton Corporation (NYSE:SPA) closed on September 21, 2012, at $12.29 per share.

Those who are current long-term stockholders of Sparton Corporation (NYSE:SPA) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com