EX-99.3 4 ex993to13da109488011_050416.htm ex993to13da109488011_050416.htm
Exhibit 99.3
 
Termination of Group Agreement

Each of the undersigned hereby terminates that certain Group Agreement, dated March 10, 2016, relating to Sparton Corporation to the extent the undersigned is a party thereto, effective immediately.


May 4, 2016

 
Engine Capital, L.P.
   
 
By:
Engine Investments, LLC,
General Partner
   
 
By:
/s/ Arnaud Ajdler
   
Name:
Arnaud Ajdler
   
Title:
Managing Member


 
Engine Jet Capital, L.P.
   
 
By:
Engine Investments, LLC,
General Partner
   
 
By: 
/s/ Arnaud Ajdler
   
Name: 
Arnaud Ajdler
   
Title:
Managing Member


 
Engine Capital Management, LLC
   
   
 
By: 
/s/ Arnaud Ajdler
   
Name: 
Arnaud Ajdler
   
Title:
Managing Member


 
Engine Investments, LLC
   
   
 
By: 
/s/ Arnaud Ajdler
   
Name: 
Arnaud Ajdler
   
Title:
Managing Member


 
/s/ Arnaud Ajdler
 
ARNAUD AJDLER


 
 

 
 

 
Norwood Capital Partners, LP
   
 
By:
Norwood Investment Partners, LP
its General Partner
   
 
By: 
/s/ Charles H. Hoeveler
   
Name: 
Charles H. Hoeveler
   
Title:
Managing Partner


 
Norwood Investment Partners, LP
   
 
By:
Norwood Investment Partners GP, LLC
its General Partner
   
 
By: 
/s/ Charles H. Hoeveler
   
Name: 
Charles H. Hoeveler
   
Title:
Managing Member


 
Norwood Investment Partners GP, LLC
   
   
 
By: 
/s/ Charles H. Hoeveler
   
Name: 
Charles H. Hoeveler
   
Title:
Managing Member


 
/s/ Charles H. Hoeveler
 
CHARLES H. HOEVELER