On January 9, 2013, North & Webster, LLC issued an open letter to the Board of Directors of CSP Inc. stating that it will be filing preliminary proxy materials, and also urged all shareholders to withhold their vote from counting towards a quorum at the 2013 annual meeting in order to send a message to the Board that shareholders agree with North & Webster that the Company should immediately conduct an open sale process aimed at maximizing shareholder value. In addition, North & Webster stated that it intends to engage in discussions with the Company.