1110 Maple Street, P.O. Box 300 – Elma, New York 14059-0300 716-655-5990 Fax 716-655-6012

Kenneth D. Trbovich

Chairman of the Board of Directors and

Chief Executive Officer

April 23, 201814, 2021

Dear Fellow Shareholder:

The Annual Meeting of Shareholders will take place on Friday, May 25, 201814, 2021 at 2:9:00 p.m., EDT, atA.M. Eastern Time. Due to the officescontinuing impact of Bond, Schoeneck & King, PLLC, Avant Building - Suite 900, 200 Delaware Avenue, Buffalo, NY 14202. You are cordially invitedthe coronavirus (COVID-19) and the Company’s concern for its employees and shareholders, we have decided to attend. If you wishhold our 2021 Annual Meeting solely by live webcast. We anticipate that we will revert back to attend thean in-person annual meeting in person, you will need to register with us in advance. Please follow the advance registration instructions described on page 1 of the Proxy Statement.future years after public health conditions have improved.

The enclosedStockholder Meeting Notice of Annual Meeting and Proxy Statement describe the matters to be acted upon during the meeting and provides instructions for voting as well as attending the virtual meeting. To ensure your representation at the meeting, evenEven if you are unableplan to attend please sign the enclosed Proxy Card and return itAnnual Meeting online, we recommend that you vote by proxy in advance so that your vote will be counted if you later decide not to participate in the postage paid envelope.Annual Meeting.

If you have any questions in regard to completing your proxy, please call our Corporate Secretary, Bernadine E. Kucinski (716) 655-5990.

Your continued interest and support is very much appreciated.

	Sincerely,
	/s/ Kenneth D. Trbovich
	Kenneth D. Trbovich

SERVOTRONICS, INC.

1110 Maple Street

P.O. Box 300

Elma, New York 14059

NOTICE OF

20182021 ANNUAL SHAREHOLDERS’ MEETING

To the Shareholders:

Notice is hereby given that the 20182021 Annual Meeting of the Shareholders of Servotronics, Inc. (the “Company”) will be held at the offices ofBond, Schoeneck & King, PLLC,Avant Building-Suite 900, 200 Delaware Avenue, Buffalo, NY 14202, on Friday, May 25, 201814, 2021 at 2:9:00 p.m.A.M., EDT,Eastern Time. In light of public health concerns regarding the coronavirus pandemic, the Annual Meeting will be held virtually via live webcast. You will be able to attend and participate in the Annual Meeting online and vote your shares electronically by visiting: www.meetingcenter.io/268673260 at the meeting date and time described in the proxy statement. The password for the meeting is SVT2021. You will not be able to attend the meeting physically. The Annual Meeting is being held for the following purposes:

Only shareholders of record at the close of business on March 23, 201825, 2021 are entitled to notice of and to vote at the meeting or any adjournments thereof.

	/s/ Kenneth D. Trbovich
	Kenneth D. Trbovich
	Chairman of the Board of Directors and
	Chief Executive Officer

Dated: April 23, 201814, 2021

Important notice regarding the availability of Proxy materials for the Annual Meeting of Shareholders to be held on May 25, 2018.14, 2021.

This Proxy statement, form of proxy and the Company’s 20172020 Annual Report are available at www.servotronics.com.

SERVOTRONICS, INC.

1110 Maple Street

P.O. Box 300

Elma, New York 14059

PROXY STATEMENT

FOR

ANNUAL MEETING OF SHAREHOLDERS

TO BE HELD May 25, 201814, 2021

The following information is furnished in connection with the Annual Meeting of Shareholders of Servotronics, Inc. (the “Company”) to be held on May 25, 201814, 2021 at 2:9:00 p.m., EDT,A.M. Eastern Time. The meeting can be accessed by visiting www.meetingcenter.io/268673260 and entering the password SVT2021. This proxy statement summarizes the information you need to know to vote by proxy or to virtually attend and vote your shares at the offices of Bond, Schoeneck & King, PLLC, Avant Building - Suite 900, 200 Delaware Avenue, Buffalo, NY 14202.Annual Meeting. You do not need to virtually attend the Annual Meeting in order to vote.

Attending the Annual Meeting virtually on the Internet

If you would likeare a shareholder of record (i.e. you hold your shares registered in your name through Computershare Trust Company, N.A. our transfer agent and registrar), you do not need to register in advance to participate in the Annual Meeting, vote electronically or submit questions during the meeting. Questions pertinent to meeting matters will be answered during the meeting, subject to time constraints. Please follow the instructions on the “Notice Regarding the Availability of Proxy Materials” (the “Notice”). You will need to enter your 15-digit control number that appears on your Notice or proxy card. You may also attend the meeting by visiting www.meetingcenter.io/268673260 as a “guest” but will not have the option to vote shares electronically or submit questions during the virtual meeting.

If you hold your shares through an intermediary, such as a broker, bank or other nominee, and you want to vote electronically or submit questions during the virtual meeting, you must register in advance.

To register to attend the Annual Meeting please pre-register by 11:59 p.m. EDTvirtually on Monday, May 21, 2018. Youthe Internet, you must present valid government-issued photographic identification, such asobtain a driver’s license, to be admitted intolegal proxy from the Annual Meeting. If you are a registered shareholder, please indicate that you intend to attend the Annual Meeting by checking the appropriate box on your proxy card. If you hold your shares beneficially, please notify us in writing that you will attend. In your written notification, please include a proof of ownership of our common stock (such as a letter from your broker, bank or other nominee a photocopy ofthat holds your current account statement orshares giving you the right to vote the shares. The legal proxy will show your holdings in Company Common Stock with your name. You must forward a copy of the legal proxy reflecting your voting card). Please alsoCompany holdings along with your name and email address to Computershare according to the below instructions.

Requests for registration should be directed as follows:

Requests for registration must be labeled as “Legal Proxy” and be received no later than 5:00 P.M. Eastern Time on May 7, 2021. You will receive a confirmation of your registration by email after Computershare receives your registration materials.

Beneficial owners that are unable to register in advance may still attend the meeting by visiting www.meetingcenter.io/268673260 as a “guest” but will not have the option to vote shares electronically or submit questions during the virtual meeting.

We encourage you to access the meeting in advance of the designated start time.

Available Information

Under rules adopted by the Securities and Exchange Commission (“SEC”), the Company has chosen to provide contact information where we can reach you if we haveits shareholders with the choice of accessing the Annual Meeting proxy materials on the Internet, rather than receiving printed copies of those materials through the mail. In connection with this process, a question about your notification. Send your notification by mailNotice Regarding the Availability of Proxy Materials (the “Notice”) is being mailed to the Company’s Corporate Secretary, 1110 Maple Street, P.O. Box 300, Elma, New York 14059.shareholders who have not previously requested electronic access to its proxy materials or printed proxy materials. The Notice contains instructions on how you may access and review the Company’s proxy materials on the Internet and how you may vote your shares over the Internet. The Notice will also tell you how to request the Company’s proxy materials, in either printed form or by email, at no charge. The Notice contains a control number that you will need to vote your shares. We suggest you keep the Notice for your reference through the meeting date.

A copy of the Company’s Annual Report to Shareholders for the fiscal year ended December 31, 2017 accompanies this Proxy Statement. Additional copies of the Annual Report, Notice, Proxy Statement and form of proxy may be obtained without charge from the Company’s Corporate Secretary, 1110 Maple Street, P.O. Box 300, Elma, New York 14059. This Proxy Statement and proxy card are first being mailed to shareholders on or about April 23, 2018.

SOLICITATION AND REVOCABILITY OF PROXIES

The enclosed proxy for the Annual Meeting of Shareholders is being solicited by the Directors of the Company. The proxy may be revoked by a shareholder at any time prior to the exercise thereof by filing with the Corporate Secretary of the Company a written revocation or duly executed proxy bearing a later date. The proxy may be revoked by a shareholder attending the meeting, by withdrawing such proxy and voting in person. The cost of soliciting the proxies on the enclosed form will be paid by the Company. In addition to the use of mailings, proxiesProxies may be solicited by employees of the Company (who will receive no additional compensation therefor) personally or by telephone or other electronic communications and arrangementscommunications. Arrangements may be made with banks, brokerage houses and other institutions, nominees and/or fiduciaries to forward the soliciting material to their principals and to obtain authorization for the execution of proxies. The Company may, upon request, reimburse banks, brokerage houses and other institutions, nominees and fiduciaries for their expenses in forwarding proxy material to their principals.

VOTING INFORMATION

The record date for determining shares entitled to vote has been fixed at the close of business on March 23, 2018.25, 2021. On such date there were outstanding 2,484,7352,478,507 shares of common stock of the Company, $.20 par value (“Common Stock”), entitled to one vote each.

In order to conduct the Annual Meeting, the presence, in person or by properly executed proxy, of the holders of a majority (i.e., greater than 50%) of all the votes entitled to be cast at the Annual Meeting is necessary to constitute a quorum. Directors will be elected by a plurality of all the votes cast at the 20182021 Annual Meeting with each share being voted for as many individuals as there are Directors to be elected. Ratification of the appointment of Freed Maxick CPAs, P.C. as the Company’s independent registered public accounting firm for the 20182021 fiscal year requires the affirmative vote of a majority of the votes cast. Pursuant to SEC rules,

We do not expect any other items of business because the deadline for shareholder proposals must have been received by February 19, 2018, which dateand nominations has passed. Nonetheless, in case there is 45 daysan unforeseen need, your proxy gives discretionary authority to Kenneth D. Trbovich and Bernadine E. Kucinski with respect to any other matters that might be brought before the date (April 5) on which the Company mailed its proxy materials for last year’s annual meeting, to be considered at the 2018 Annual Meeting. At February 19, 2018 the Company had not received notice of any intention to submit any other matter; and, therefore, the named proxies have discretionThose persons intend to vote on any other matter that comes before the meeting.proxy in accordance with their best judgment.

Shares of Common Stock represented virtually during the live webcast or by a properly signed, dated and returnedcompleted proxy will be treated as present at the meeting for the purposes of determining a quorum. Proxies relating to “street name” shares of Common Stock that are voted by brokersAbstentions and broker non-votes will each be counted as shares of Common Stock (i) present for purposes of determining the presenceexistence of a quorum at the Annual Meeting.

You may vote in the following ways:

Telephone and (ii)Internet voting options are available 24 hours a day, seven days a week. The deadline for voting by telephone or the Internet is 11:59 P.M. Eastern Time on May 13, 2021. When prompted, you will need to enter the 15-digit control number as having votedshown on your Notice. You will then be able to vote your shares and confirm that your instructions have been properly recorded. If you vote by telephone or over the Internet, your vote authorizes the proxies in accordance with the directionssame manner as if you had signed, dated and statementsreturned your proxy card by mail. Telephone and Internet voting procedures, including the use of control numbers found on the formNotice, are designed to authenticate shareholders’ identities, to allow shareholders to vote their shares securely and to confirm that their instructions have been properly recorded.

If your shares are held in a brokerage account or by a bank or other nominee, your broker, bank or other nominee will ask you how you want your shares to be voted. If you provide voting instructions, your shares must be voted as you direct. If you do not furnish voting instructions, one of proxy.two things can happen, depending upon whether a proposal is “routine.” Under the rules that govern brokers who have record ownership of shares beneficially owned by their clients, brokers have discretion to cast votes on routine matters, such as the ratification of the choice of auditor, without receiving voting instructions from their clients. Brokers are not permitted, however, to cast votes on “non-routine” matters, such as the election of directors, or executive compensation matters, without receiving client voting instructions. A “broker non-vote” occurs when a broker holding shares for a beneficial owner does not vote on a particular proposal because the broker does not have discretionary voting authority for that proposal and has not received voting instructions from the beneficial owner. The proposal to approve the ratification of the Audit Committee’s appointment of Freed Maxick CPAs, P.C. as our independent registered public accounting firm for 2021 is the only routine matter being voted on at the Annual Meeting and, therefore, is the only proposal that may be voted by your broker, bank or other nominee in its discretion without having received voting instructions from you.

If you hold your shares in street name, you may vote by telephone or over the Internet only if your bank, broker or other nominee makes those methods available to you, in which case your broker, bank or other nominee will provide specific instructions for using those options.

PROPOSAL 1: ELECTION OF DIRECTORS

The By-Laws of the Company provide that there shall not be less than three Directors not more than nine and that the number of Directors to be elected at the Annual Meeting of Shareholders shall be fixed by the Board of Directors. As of March 22, 2018,29, 2021, the Board of Directors has fixed the number of Directors to be elected at the meeting at five. Each person so elected shall serve until the next Annual Meeting of Shareholders and until his successor is elected and shall have qualified.

Each nominee is currently serving as a Director of the Company. The Directors believe that all of the nominees are willing and able to serve as Directors of the Company. If any nominee at the time of election is unable or unwilling to serve or is otherwise unavailable for election, the enclosedyour proxy will be voted in accordance with the best judgment of the person or persons voting the proxy.

The following paragraphs set forth certain information regarding the nominees for election to the Company’s Board of Directors, including the specific experience, qualifications, attributes or skills that led to the conclusion by the Board of Directors that such person should serve as a Director of the Company. The nominees for election to the Company’s Board of Directors are Jason T. Bear, age 36,39, Edward C. Cosgrove, Esq., age 83,86, Lucion P. Gygax, age 47,50, Christopher M. Marks, age 53,56, and Kenneth D. Trbovich, age 43.46.

The Board would like to acknowledge the contributions of Dr. Nicholas D. Trbovich to the Board and the Company. Dr. Trbovich died unexpectedly on August 8, 2017. He founded the Company in 1959 and led the Company as its Chairman and CEO for almost 58 years.

Jason T. Bear has served as a Director since 20172017. Mr. Bear is Chair of the Nominating and Corporate Governance Committee and is a member of the Independent DirectorsCompensation Committee. Mr. Bear is the Founder, President, and CEO of Full-Throttle Communications, Inc., a marketing and public relations firm that represents a wide variety of national manufacturing brands. His experience ranges from aerospace and tactical manufacturers that service military government entities to outdoor sporting brands. Prior to founding Full Throttle Communications in 2007, Mr. Bear held the position of Marketing Director at Bear Enthusiast Marketing Group and also served as an account manager at Kodiak Communications, Inc. where he oversaw a number of client accounts providing strategic marketing direction. Mr. Bear’s marketing experience includes the support of signature brands such as Wiley X, John Deere, Harley-Davidson,Harley- Davidson, and Remington.Pyramex. His leadership skills, marketing acumen, and aptitude for negotiation qualify him to be a Company Director.

Edward C. Cosgrove, Esq. has served as Director since 2012. Mr. Cosgrove is a prominent long-term member of the Western New York jurisprudencelegal community. He has been chosen by Martindale-Hubbell as one of the most accomplished lawyers in Western New York. He has been recognized by Buffalo’s Business First Newspaper and Buffalo Law Journal for the seventh consecutive year as one of Western New York’s Legal Elite. He earned a Bachelor of Arts Degree from the University of Notre Dame in 1956 and a Doctor of Laws Degree from Georgetown University Law School in 1959.School. His wide range of experience has included years as a Special Agent, Federal Bureau of Investigation, (1960 – 1962), Attorney at Law (1963 – 1973) and District Attorney of Erie County, NY (1974 – 1981).NY. From 1982 to the present his practice includes Civil and Criminal Litigation,civil litigation, management of legal crises, and representation of local, national and internationalfamilies, schools, corporations, insurance companiesbusinesses and professionals before State Licensing Boards with theThe Cosgrove Law Firm. In addition to criminal, real estate, wills, surrogate, accidents, business matters, Mr. Cosgrove brings extensive experience as an active member of professional and charitable organizations. Mr. Cosgrove is eminently qualified to be a Director of Servotronics, Inc. because of his wide rangewide-range of experience, excellent reputation and demonstrated competency in addressing complex challenges leading to significant opportunitiespersonal and conclusions.business challenges.

Lucion P. Gygax, an author, entrepreneur and MajorLieutenant Colonel in the Army National Guard, was appointed to the Board of Directors in July 2015 and serves as ChairmanChair of the Company’s Independent DirectorsCompensation Committee and a member of the Company’s Audit Committee and Nominating and Corporate Governance Committee. A decorated military officer, Mr. Gygax is the recipient of the Bronze Star and the Meritorious Service Medal, among other awards, and is a veteran of the Gulf War and the Iraq War. Mr. Gygax brings a diverse background to the board with experience in supply chain management, budget management, human resources and executive leadership. Mr. Gygax is the principal owner and managing partner of an event management company and is the Executive Officer of the Army National Guard’s 749th Combat224th Sustainment Support Battalion where he serves as chiefBrigade responsible for synchronizing administrative, intelligence, operations, logistics and communications functional areas across the brigade consisting of staff for a battalion of 600 personnel.1,734 Soldiers. He has over 2530 years of experience in the United States Armed Forces, including prior leadership assignments as a Non-commissionedBrigade Operations Officer, Battalion Executive Officer, Battalion Support Operations Officer, Battalion Human Resources Officer, Battalion Operations Officer, Brigade Transportation Officer, Armor Company Commander and Recruiting Company Commander. Mr. Gygax’s leadership experience and achievements qualify him as a Company Director.

Christopher M. Marks was appointed to the Board of Directors in July 2016 and serves as ChairmanChair of the Company’s Audit Committee and member of the Independent DirectorsCompensation Committee and Nominating and Corporate Governance Committee. Mr. Marks brings over 25 years of financial planning and analysis experience to the Company as well as a background in accounting, corporate law and governance. He holds a Bachelor’sBachelor of Science Degree in BusinessAccountancy from Villanova University, a Master of Business Administration from St. Bonaventure University, and a Juris Doctorate with honors from the State University of New York at Buffalo.Buffalo School of Law. His extensive experience includes practicing commercial and corporate law at Phillips Lytle, LLP in Buffalo, NY and several years working for the auditing and accounting firm Price Waterhouse in New York City. Mr. Marks is a partner inmember of the financial planning companyfirm Jensen, Marks, Langer & Vance, (formerly Buffalo Financial Associates),LLC, where he provides financial planning advice and investment management services. Also, he is a member and the Chief Compliance Officer of Sterling Investment Counsel, LLC, a registered investment advisor. Additionally, Mr. Marks is a member of the New York State and Erie County Bar Associations, is a past president of the Buffalo Chapter of the Society of Financial Service Professionals, and has served on various boards and advisory committees for privately held companies, charities, and educational institutions. Mr. Marks’ experience, accomplishments, and financial specialization qualifiesqualify him as a Company Director.

Kenneth D. Trbovich has been Chairman of the Board and Chief Executive Officer since November 2017 and President of the Company since 2012. Mr. Trbovich has served as a Director since 2012. Mr. Trbovich is also President and CEO of the Company’s subsidiary, The Ontario Knife Company (OKC). Mr. Trbovich initially joined the Company in 1993 and held positions of increasing responsibilities that led to his current roles. He is listed as co-inventor on multiple patents or patents-pending used by the Company and has extensive project management and business development experience, coordinating Company business in the United States, Taiwan, Singapore, Australia, Germany, England, and other locations around the world. In addition to his positions within the Company, Mr. Trbovich represents OKC on the Board of Regents of the American Knife and Tool Institute, serves on the Board of Trustees for Medaille College, and is a trustee for a private charitable foundation. Mr. Trbovich is a member of the National Association of Corporate Directors and he also maintains Company relationships with industry associations including the Buffalo Niagara Partnership, the National Association of Manufacturers, and the Aerospace Industry Association. He holds undergraduate degrees from Medaille College and Skidmore College in addition to certificates from the State University of New York at Buffalo’s School of Management and the University of Rochester’s Simon School of Business. Mr. Trbovich’s achievements, executive experience, established industry associations, and long tenure with the Company highly qualifies him as a Company Director.

The Directors recommend a vote FOR the five nominees listed above. Unless instructed otherwise, proxies will be voted FOR these nominees.

CORPORATE GOVERNANCE AND BOARD MATTERS

Independent Directors

Under the NYSE MKTAmerican listing standards, at least 50% of the Company’s directors must meet the test of “independence” as defined by the NYSE MKT.American. The NYSE MKTAmerican standards provide that, to qualify as an “independent” director, in addition to satisfying certain bright-line criteria, the Board of Directors must affirmatively determine that a director has no relationship with the Company that would interfere with such person’s ability to exercise independent judgment as a member of the Company’s Board.

The Board of Directors has determined that each current director and nominee is independent other than Kenneth D. Trbovich, the Company’s Chairman of the Board and Chief Executive Officer, and Mr. Edward C. Cosgrove, whose firm has provided legal services to the Company and its subsidiaries.In determining that Mr. Bear was “independent”, the Board considered the fact that the Company and its subsidiaries paid approximately $33,100$57,140 and $70,600$71,160 to Full-Throttle Communications, Inc. in 20172020 and 2016,2019, respectively.

Committees and Meeting Data

The Board of Directors has a standing Audit Committee, Compensation Committee and Independent DirectorsNominating and Corporate Governance Committee. Each member of each of these committees is “independent” as that term is defined in the NYSE MKTAmerican listing standards. The Audit Committee consists of Messrs. Gygax and Marks with Mr. Marks chairing the Committee and being designated as the Company’s “Audit Committee financial expert”. The Audit Committee meets with the Company’s Independent Auditors and reviews with them matters relating to corporate financial reporting and accounting procedures and policies, the adequacy of financial, accounting and operating controls, the scope of the audit and the results of the audit. The Audit Committee is also charged with the responsibility of submitting to the Board of Directors any recommendations it may have from time to time with respect to financial reporting and accounting practices, policies and financial accounting and operation controls and safeguards.

The Independent DirectorsCompensation Committee consists of Messrs. Gygax, Bear and Marks with Mr. Gygax chairing the Committee. The Independent DirectorsCompensation Committee is responsible for reviewing and recommending appropriate executive compensation policy and determining the compensation of the Company’s Directors and Executive Officers. The responsibilities of the Independent Directors Committee also include assessing Board membership needs and identifying, screening, recruiting, presenting director candidates to the Board, implementing policies regarding corporate governance matters and making recommendations regarding committee memberships.

PursuantThe Nominating and Corporate Governance Committee consists of Messrs. Bear, Gygax and Marks with Mr. Bear chairing the Committee. The Nominating and Corporate Governance Committee is responsible for (a) developing and implementing policies and procedures that are intended to ensure that the Board resolutions,will be appropriately constituted and organized to meet its fiduciary obligations to the Company and its shareholders; and (b) identifying individuals qualified to become members of the Board, and to select, or to recommend that the Board select, the director nominees for the next annual meeting of shareholders.

The full Board of Directors approves/ratifies all Director nominees after they are determined by the Independent DirectorsNominating and Corporate Governance Committee. See “Director Nominating Process” below. Additionally, Director and Executive Officer compensation determinations are subsequently submitted to the full Board of Directors for approval/ratification.

During the fiscal year ended December 31, 2017, the Audit Committee met 4 times, the Independent Directors Committee met 4 times and2020, the Board of Directors held seven meetings. The Audit Committee met 4 times.five times, the Compensation Committee met two times and the Nominating and Corporate Governance Committee met one time. No Director attended less than 100% of the meetings held during the period that each individual served as a Director. Each Director is encouraged to attend the Annual Meeting of Shareholders. In 2017,2020, the Annual Meeting of Shareholders was attended by five of the six Directors then in or elected to office.

Code of Ethics

The Company has adopted a Code of Ethics and Business Conduct (the “Code”) that applies to all Directors, Officers and employees of the Company as required by the listing standards of the NYSE MKT.American. The Code is available on the Company’s website at www.servotronics.com and the Company intends to disclose on this website any amendment to the Code. Waivers under the Code, if any, will be disclosed under the rules of the SEC and the NYSE MKT.American.

The Company also has a Whistleblower Policy, which is incorporated into the Code of Ethics and Business Conduct that requires Directors, Executive Officers and employees to comply with appropriate accounting and internal controls and establishes procedures to report any perceived wrongdoing, questionable accounting or auditing matters in a confidential and anonymous manner.

Report of the Audit Committee of the Board of Directors

The following Report of the Audit Committee does not constitute soliciting material and should not be deemed filed or incorporated by reference into any other filing by the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934 except to the extent the Company specifically incorporates this Report by reference therein.

The Audit Committee serves as the representative of the Board of Directors for general oversight of the Company’s financial accounting and reporting, systems of internal control, audit process and monitoring compliance with standards of business conduct. The Audit Committee operates under a written charter which is available on the Company’s website at www.servotronics.com. Management of the Company has primary responsibility for preparing financial statements of the Company as well as the Company’s financial reporting process. Freed Maxick CPAs, P.C. (“Freed Maxick”), acting as Independent Auditors, is responsible for expressing an opinion on the conformity of the Company’s audited financial statements with U.S.generallyU.S. generally accepted accounting principles.

In this context, the Audit Committee hereby reports as follows:

Each member of the Audit Committee is independent as defined under the listing standards of the NYSE MKT.American.

AUDIT COMMITTEE

Christopher M. Marks, Chair

Lucion P. Gygax

Leadership Structure

Kenneth D. Trbovich is the Company’s Chairman of the Board and Chief Executive Officer. The Company believes that having one person hold the roles of Chairman of the Board and Chief Executive Officer is the most effective way at this time to organize the leadership structure of the Board of Directors. Having one person hold the roles of Chairman of the Board and Chief Executive Officer promotes unified leadership and direction for the Board and executive management and it allows for a single and clear focus for the chain of command to execute the Company’s strategic initiatives and business plans. Because Mr. Trbovich is primarily responsible for managing the Company’s day-to-day operations and strategic plan implementations, he is in the best position to chair meetings of the Board of Directors where key business and strategic issues are discussed.

Another component of our leadership structure is the active role played by non- management and independent Directors in overseeing the Company’s business, both at the Board and Committee level. The Board believes that the combined role of Chairman of the Board and Chief Executive Officer coupled with the existence of the independent Directors is the appropriate leadership structure for the Board of Directors at this time. This structure provides sufficient independent oversight while avoiding unnecessary confusion regarding the Board’s oversight responsibilities and the day-to-day management of the Company’s business operations and strategic plan implementations. The Independent DirectorsNominating and Corporate Governance Committee periodically reviews this structure to assess its effectiveness on a continuing basis.

Board Oversight of Risk Management

The Board of Directors oversees the Company’s risk management process. This oversight is primarily accomplished through the Board’s committees and management’s reporting processes. The Company does not have a formal risk committee; however, the Audit Committee focuses on risk related to accounting, internal controls and financial and tax reporting. The Audit Committee also assesses economic and business risks and monitors compliance with ethical standards. The Independent DirectorsCompensation Committee identifies and oversees risks associated with the Company’s executive compensation policies and practices and the Nominating and Corporate Governance Committee reviews Director independence, related party transactions and the implementation of corporate governance policies.

Director Nominating Process

The determination of the individuals to be nominated for the Board of Directors is made by the Independent DirectorsNominating and Corporate Governance Committee. This determination is then subsequently submitted to the full Board of Directors for approval/ratification.

The Board has not adopted specific minimum criteria for director nominees. Nominees are identified by first evaluating the current members of the Board willing to continue in service. Current members of the Board with skills and experience that are relevant to the Company’s business and who are willing to continue in service are considered for re-nomination. If any member of the Board does not wish to continue in service, the Board first considers the appropriateness of the size of the Board and then considers factors that it deems are in the best interests of the Company and its shareholders in identifying and evaluating a new nominee. Consistent with the concept of diversity, the Company recognizes the value of having a Board that encompasses a broad range of skills, expertise, contacts, industry knowledge and diversity of opinion.

The Board will consider director nominees from any reasonable source, including nominees suggested by incumbent Board Members and Management as well as Shareholder recommendations tendered in accordance with the Company’s advance notice provisions. The Company does not currently employ an executive search firm, or pay a fee to any other third party, to locate qualified candidates for director positions.

Directors’ Compensation

The Company’s Non-employee Director Compensation Policy was revised effective October 1, 2015. The Board amended and restated the policy on June 10, 2016. Underprovides that policy, Non-employeeNon- employee Directors are paid an annual cash retainer of $50,000,$60,000, payable in twelve monthly installments, plus reimbursement of actual expenses for attendance at Board or Committee meetings. Non-employees Directors also receive an annual award of restricted stock under the Company’s 2012 Long-Term Incentive Plan. The Chairpersonannual award consists of shares of the Audit Committee andCompany’s common stock with a value of $25,000 as of the Independent Directors Committee are also paid a $10,000 annual cash retainer, payable in twelve monthly installments.date of the grant. These restricted shares will vest quarterly over the 12-month service period.

The following table contains information with respect to the total compensation paid to the Non-employee Directors for the year ended December 31, 2017.2020.

Shareholder Communications with the Board of Directors

Shareholders who wish to contact the Board of Directors or any of its members may do so by addressing their written correspondence to Board of Directors, 1110 Maple Street, P.O. Box 300, Elma, New York 14059. Correspondence directed to an individual Board member will be referred, if appropriate, to that member. Correspondence not directed to a particular Board member will be referred, if appropriate, to the Chairman of the Independent DirectorsNominating and Corporate Governance Committee.

EXECUTIVE OFFICERS

The following is a listing of the Company’s current Executive Officers:

EXECUTIVE COMPENSATION

The Summary Compensation Table quantifies the amount or value of the different forms of compensation earned by or awarded to the Company’s current Chief Executive Officer and the next two most highly compensated officers of the Company and the Company’s former Chief Executive Officer who died in August 2017 (the “Named Officers”) in fiscal 20172020 and 20162019 and provides a dollar amount for total compensation. Descriptions of the material terms of the employment agreementsagreement with certain Named Officers arethe Chief Executive Officer is provided under “Employment Agreements” below.

The Compensation Process Overview

The Independent DirectorsCompensation Committee functions as the compensation committee of the Board and determines the compensation of the Company’s Executive Officers in accordance with the NYSE MKTAmerican listing standards. Compensation of the Company’s Executive Officers is recommended to the Board for determination by the Independent Directors Committeestandards with the Chief Executive Officer and President playing a supporting role in the compensation-setting process for the Company’s other Executive Officers. The most significant aspects of management’s role are evaluating employee performance, recommending business performance targets and objectives, and recommending salary levels and other compensation awards, however final compensation determinations for all Executive Officers are approved by the Board uponCompensation Committee and ratified by the recommendation of the Independent Directors Committee.Board.

2017 Base Salary

The Independent DirectorsCompensation Committee seeks to provide the Company’s Executive Officers with a level of assured cash compensation in the form of base salary that is commensurate with their professional status, accomplishments and geographic location. The base salaries are reviewed annually by the Independent DirectorsCompensation Committee and are adjusted from time to time to recognize competitive market data, the officer’s level of responsibility, outstanding individual performance, promotions and internal equity considerations. For the year ended December 31, 2017,2020, base salary paid to each Named Officer is as set forth in the Summary Compensation Table. Mr. Trbovich’s base salary was adjusted in August 2017 to reflect his increased responsibilities resulting from the death of the Company’s founder, Chairman and Chief Executive Officer, Dr. Nicholas D. Trbovich.

2017Annual Bonus

The Company also mademakes cash awards to the Executive Officers and other employees that are not part of any pre-established, performance-based criteria. Awards of this type are completely discretionary and subjectively determined by the Board upon the recommendation of the Independent DirectorsCompensation Committee at the time they are awarded. In the event this type of cash award is made, it is reflected in the “Summary Compensation Table” under a separate column entitled “Bonus”. The Compensation Committee approved mid-year bonuses for each Named Officer in August 2020 as shown in the Summary Compensation Table.

Equity Awards

Pursuant to the 2012 Long-Term Incentive Plan, as approved by the Company’s shareholders, the Independent DirectorsCompensation Committee may grant equity awards, the vesting of which may be based on the passage of time, achievement of performance conditions or vesting conditions otherwise determined by the Independent DirectorsCompensation Committee. No equity awards were granted to the Executive Officers in 2017.2020.

Summary Compensation Table

The following table contains information with respect to the annual compensation for the years ended December 31, 20172020 and 20162019 for the Named Officers.

CEO Employment AgreementsAgreement

Mr. Trbovich has an employment agreement with the Company pursuant to which he is entitled to receive minimum salary compensation as set forth in the agreement, or such greater amount as the Company’s Board of Directors may approve/ratify. On May 12, 201713, 2020 the Board of Directors approved a base salary for Mr. Trbovich of $524,412,$639,496 per annum. In the event of death or total disability during the term of the employment agreement, he or his estate is entitled to receive 50% of the compensation he is receiving from the Company at the time of his death or disability during the remainder of the term of the employment agreement. Also, in the event of (i) a breach of the agreement by the Company, (ii) a change in control of the Company, as defined, or (iii) a change in the responsibilities, positions or geographic office location, he is entitled to terminate the agreement and receive a payment of 2.99 times theirhis average annual compensation from the Company for the preceding five years. If this provision is invoked and the Company makes the required payment, the Company will be relieved of any further salary liability under the agreement notwithstanding the number of years covered by the agreement prior to termination. The term of the agreement extends to and includes December 31, 20192022 provided however, when one year remains on the intended term of the agreement, the term of the agreement will be automatically extended for one1 additional year beyond its then expiration date unless either party has notified the other in writing that the term will not be extended. If the Company elects not to extend the agreement, he will be entitled to a severance payment equal to nine months’ salary and benefits.

The Company provides certain individual and spousal post-retirement health and life insurance benefits for Kenneth Trbovich. Upon retirement and after attaining at least the age of 65, the Company will pay for the retired executives’ and dependents’ health benefits and will continue the Company-provided life insurance offered at the time of retirement. The retiree’s health insurance benefits ceasescease upon the death of the retired executive. The actuarially calculated future obligation of the benefits at December 31, 20172020 and 20162019 for Kenneth Trbovich is $434,669$759,707 and $208,561$582,827 respectively.

Dr. Trbovich had an employment agreement with the Company at the time of his death. His estate will receive 50% of the compensation he was receiving at the time of his death through December 31, 2018. Additionally all unvested time-based restricted stock awards vested upon his death.

Outstanding Equity Awards at 20172020 Fiscal Year End

The following table shows all outstanding equity awards held by the Named Officers as of December 31, 2017.2020.

 

		Stock Awards
Named Officer		Number of shares or units that have not vested (#)				Market value of shares or units of stock that have not vested ($) (1)
Kenneth D. Trbovich			15,000 (2)			$	123,900
Lisa F. Bencel			4,000 (2)			$	33,040
James C. Takacs			3,750 (2)			$	30,975

Certain Relationships and Related Transactions

Kenneth D. Trbovich, Chairman of the Board and Chief Executive Officer, is an inventor or co-inventor of certain issued patents and patent pending applications that are used in the business of a subsidiary of the Company. The patents have been and are currently used by the subject subsidiary on a royalty-free basis with Mr. Trbovich’s consent.

The Company incurred legal fees and disbursements of approximately $205,000$183,000 in 20172020 for services provided by a law firm that is owned by Edward C. Cosgrove, Director of the Company.

Proposed transactions between the Company and a related person are submitted to the Independent DirectorsNominating and Corporate Governance Committee for their determinations. In making its determinations, the Independent DirectorsNominating and Corporate Committee consider, among other factors, whether the proposed transaction is in the Company’s best interest and is on terms no less favorable to the Company than terms generally available from an unaffiliated third-party under the same or similar circumstances and the extent of the related person’s interest in the transaction. Also, the Independent DirectorsNominating and Corporate Governance Committee may, at its discretion, request an independent appraisal if an independent appraisal has not already been provided. A related party is excluded from participating in the determinations of the Independent DirectorsNominating and Corporate Governance Committee.

OWNERSHIP OF COMPANY STOCK

Security Ownership of Certain Beneficial Owners

The following table lists the persons that owned beneficially, as of March 23, 2018,25, 2021, more than 5% of the outstanding shares of Common Stock of the Company, based on the Company’s records. Unless otherwise stated, each person has sole voting and investment power with respect to the shares of Common Stock indicated as beneficially owned by that person.

Security Ownership of Management

The following table sets forth, as of March 23, 201825, 2021 information as to the beneficial ownership of shares of Common Stock of the Company held by each Director, Named Officer and by all Directors and Officers as a group:

 *Less than 1.0%

Delinquent Section 16(a) Beneficial Ownership Reporting ComplianceReports

Based solely on its review of reports filed pursuant to Section 16(a) of the Securities Exchange Act or representations from Directors and Executive Officers required to file such reports, the Company believes that all such filings required of its Executive Officers and Directors and greater than 10% beneficial owners (subject to the qualifications in the following sentence) were timely made for 2017.2020. The Company does not have information with respect to the reporting compliance of Mr. Houtkin or on his behalf.

PROPOSAL 2:

RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Freed Maxick CPAs, P.C. (“Freed Maxick”) has been selected by the Board of Directors as the independent public accountants for the Company’s current fiscal year. A representativeRepresentatives of Freed Maxick is expectedhave been invited to be present at the meeting withand will have the opportunity to makeprovide a statement if he desiresstatement. Due to do so andthe change in the meeting format, Freed Maxick will be availablenot have the opportunity to respond to appropriate questions of shareholders.shareholder questions.

At the Annual Meeting, the shareholders will be asked to ratify the selection of Freed Maxick as the Company’s independent registered public accounting firm. Pursuant to the rules and regulations of the Securities and Exchange Commission, the Audit Committee has the direct responsibility to appoint, retain, fix the compensation and oversee the work of the Company’s independent registered public accounting firm. In the event that the shareholders fail to ratify the selection, it will be considered as a direction to the Board of Directors and the Audit Committee to consider the selection of a different firm. Even if the selection is ratified, the Audit Committee in its discretion may select a different independent registered public accounting firm at any time during the year if it determines that such a change would be in the best interests of the Company and our shareholders.

The affirmative vote of a majority of the votes cast on the proposal, assuming a quorum is present at the Annual Meeting, is required to ratify the appointment of Freed Maxick. The Directors of the Company unanimously recommend a vote “FOR” the ratification of Freed Maxick as the Company’s independent registered public accounting firm for 2018.2021. Unless otherwise instructed, proxies will be voted “FOR” ratification of the appointment of Freed Maxick.

The following table shows the fees paid or accrued by the Company for the audit and other services provided by Freed Maxick CPAs, P.C. for fiscal years 20172020 and 2016.2019.

The Audit Committee pre-approves audit and non-audit services provided by Freed Maxick. The Audit Committee has considered whether provision of the services described above is compatible with maintaining our accountant’s independence and has determined that such services have not adversely affected Freed Maxick’s independence.

SHAREHOLDER PROPOSALS FOR 2019THE 2022 ANNUAL MEETING

Shareholder proposals must be received at the Company’s offices no later than December 24, 2018,15, 2021, 120 days prior to the anniversary of the 20182021 mailing date (April 23)14), in order to be considered for inclusion, if appropriate, as a shareholder proposal in the Company’s proxy materials for the 20192022 Annual Meeting. Such proposals must also meet the other requirements established by the SEC for shareholder proposals.

Proposals to be introduced at the Annual Meeting, but not intended to be included in the Company’s Proxy Material

For any shareholder proposal to be presented in connection with the 20192022 Annual Meeting of Shareholders, a shareholder must give timely written notice thereof to the Company in compliance with the advance notice provisions of the federal securities laws. To be timely, a qualified shareholder must give written notice to the Company at the Company’s offices no later than March 9, 2019.February 28, 2022, 45 days prior to the anniversary of the 2021 mailing date (April 14).

OTHER MATTERS

So far as the Directors are aware, no matters other than the election of Directors and ratification of the engagement of Independent Auditors will be presented to the meeting for action on the part of the shareholders. If any other matters are properly brought before the meeting, it is the intention of the persons named in the accompanying proxy to vote thereon the shares to which the proxy relates in accordance with their best judgment.

	By Order of the Directors
	/s/ Kenneth D. Trbovich
	Elma, New York
	Kenneth D. Trbovich
	Chairman of the Board of Directors and
	Chief Executive OfficeOfficer

Elma, New York

Elma, New York 14059

The undersigned hereby appoints Kenneth D. Trbovich and Bernadine E. Kucinski or either of them, as Proxies, each with full power of substitution, and hereby authorizes them to represent and to vote as indicated below all shares of Servotronics, Inc. that the undersigned is entitled to vote at the Annual Meeting of Shareholders to be held on May 25, 2018 at the offices of Bond, Schoeneck & King, PLLC, Avant Building- 23 - Suite 900, 200 Delaware Avenue, Buffalo, NY 14202, or any adjournments thereof:

Meeting Attendance

Check this box to pre-register to attend the Annual Meeting.¨

(Continued and to be signed on the reverse side)

(Continued from other side)

The shares represented by this Proxy will be voted as directed by the shareholder. The Board of Directors favors a vote FOR the nominees named in Proposal 1 and FOR Proposal 2. If no direction is made, the Proxy will be voted with the Board's recommendations. In their discretion, the Proxies are authorized to vote upon such other business as may properly come before the Annual Meeting or any adjournment thereof.

Please date and sign your name exactly as it appears below and return this Proxy promptly in the enclosed envelope, which requires no postage if mailed in the United States.

Dated

, 2018

Servotronics, Inc.’s Annual Meeting of Shareholders will be held on Friday, May 14, 2021 at 9:00 AM, EDT, virtually via the internet at www.meetingcenter.io/268673260. To access the virtual meeting, you must have the information that is printed in the shaded bar located on the reverse side of this form. The password for this meeting is — SVT2021. IF VOTING BY MAIL, SIGN, DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE. Proxy — SERVOTRONICS INC Notice of 2021 Annual Meeting of Stockholders Proxy Solicited by Board of Directors for Annual Meeting — May 14, 2021 The undersigned hereby appoints Kenneth D. Trbovich and Bernadine E. Kucinski or either of them, as Proxies, each with full power of substitution, and hereby authorizes them to represent and to vote as indicated below all shares of Servotronics, Inc. that the undersigned is entitled to vote at the Annual Meeting of Shareholders to be held on May 14, 2021 virtually via the internet at: www.meetingcenter.io/268673260, or any adjournments thereof. The shares represented by this Proxy will be voted as directed by the shareholder. The Board of Directors favors a vote FOR the nominees named in Proposal1 and FOR Proposal 2. If no direction is made, the Proxy will be voted with the Board’s recommendations. In their discretion, the Proxies are authorized to vote upon such other business as may properly come before the Annual Meeting or any adjournment thereof. Please date and sign your name exactly as it appears below and return this Proxy promptly in the enclosed envelope, which requires no postage if mailed inthe United States. (Items to be voted appear on reverse side) Small steps make an impact. Help the environment by consenting to receive electronic delivery, sign up at www.investorvote.com/SVT