SCHAUMBURG, IL -- Sparton today announced that its board of directors has been exploring a range of strategic alternatives.

This process, which commenced several months ago, has the goal of identifying the best way to enhance shareholder value.

The EMS firm has retained Wells Fargo Securities, as financial advisor, and Mayer Brown LLP, as legal advisor, to assist in the process.

Sparton's CEO and CFO abruptly left the company last month following a conference call with several testy shareholders who were upset over the company's recent acquisitions and stock price. Some called for changes at the board level, or for the sale of certain divisions.

In a press release, the company said, "The board is committed to fully evaluating appropriate strategic alternatives while simultaneously supporting Sparton’s management and employees in their implementation of improvements in the company’s operations, their ongoing conduct of the company’s business and their continued focus on delivering superior performance to the company’s customers around the world."

No definitive timetable has been set for completion of the process and Sparton does not intend to disclose further developments until its board determines it appropriate to do so.

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