Corporate Governance Highlights

Sparton's Corporate Governance & Compliance Program is designed to comply with SEC and NYSE rules and regulations. In addition to new policies, procedures, and charters, this program is an extension and formalization of previous practices and policies that have been in place for years. All of our employees, as well as our external partners, are required to comply with stringent standards for ethical and responsible business conduct. Our Board of Directors is diligent in its oversight responsibilities, and as a result, sound and effective corporate governance principles are paramount to the company:

• A majority of our board members are independent as that term is generally defined.
• Our Audit, Compensation, Nominating and Corporate Governance Committees are comprised of only independent directors.
• Our Audit Committee maintains policies and practices consistent with SEC and NYSE guidelines related to auditor independence.
• Our independent auditors, BDO & Seidman, report directly to the Audit Committee.
• We maintain a Code of Business Conduct and Ethics that is communicated to all employees.
• We maintain procedures that allow employees to anonymously report activities of a concern to them.

At Sparton, corporate governance has been, and continues to remain, a priority for its senior executives and Board of Directors. We encourage our stockholders to view the various charters and guidelines contained in this website.

Committee Charters
Audit
Compensation
Nominating/Corporate Governance
Executive

Governance
Corporate Governance Guidelines
Code of Business Conduct and Ethics

Communications
Shareowners Communication Procedures

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A printed copy of any of the above documents may be received by request to Corporate Communications.