"An independent firm has weighed in on the side of First Savings Bank Northwest’s holding company in the latest chapter of a public spat between the bank company's board and one of its major shareholders.
Turns out dissident shareholder Joseph Stilwell, an investment manager who owns about 8.5 percent of the shares and wants to push for a sale of the bank, apparently missed a deadline to turn in ballots he controlled."
"Carl T. Hagberg and Associates, an independent inspector of election for the Renton bank’s May 24 proxy vote, has determined that shareholders reelected three bank board members, including President and CEO Victor Karpiak. The two others were M. Scott Gaspard and Daniel L. Stevens, the bank said.
Those three received more than 6 million votes each. Spencer Schneider, a candidate associated with Stilwell, received only 650 votes."
Source
http://www.bizjournals.com/seattle/blog/2012/06/first-financial-nw-stilwell-dispute.html
No comments:
Post a Comment