On January 29, 2013, North & Webster, LLC filed a proxy urging the shareholders of CSP Inc to elect its nominees: James Bussone, J.K. Hage III, Samuel A. Kidston, and Erik Thoresen and to vote against the Company's proposals, Advisory resolution to approve the compensation paid to the Company's named executive officers and The ratification of the appointment of McGladrey & Pullen, LLP as the Company's independent auditors for fiscal 2013 at the 2013 annual meeting of Stockholders of the Company.