2 Brothers to Seek Voice on HCC Industries’ Board
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Two sons of Michael Pelta, a principal of HCC Industries who died last month, said they plan to use their 16% stake in the Encino company to seek representation on HCC’s board of directors.
Edward J. Pelta said in a document filed with the Securities and Exchange Commission that during HCC’s annual meeting Sept. 6, he plans to nominate himself and/or another person for seats on the board. Pelta made the filing with his brother Murray.
The two inherited their father’s 16% stake in HCC, a maker of electronic connection devices for the aerospace industry. Michael Pelta was one of three founders of the company, vice chairman of its board and president of its Hermetic Seal Corp. unit.
In June, investor Walter Neubauer announced that he had increased his stake in HCC to 12% and was considering seeking control of the company or proposing a merger.
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