Showing posts with label Spencer Schneider. Show all posts
Showing posts with label Spencer Schneider. Show all posts

Wednesday, June 20, 2012

Joseph Stilwell seems like a Real Ass to Me. Now he is suing to Enforce his alleged rights to FORCE a Sale? To me, in my Opinion this Deal Wreaks of Corruption, Collusion and Possibly Anti-Trust Violations. Maybe even Rico Violations or Insider Trading.. hmmm.. Can't Wait to See what Happens Next..

"But, also according to the report, “At 11:55 a.m. the Stilwell group delivered a Master Ballot to the Inspector, signed by Spencer Schneider as the proxy-holder for the opposition slate, but, as noted, the polls had long been officially closed. Accordingly, none of the votes that were `present at the meeting' were cast for the Stilwell group, except for one ballot that was properly executed for Stilwell on the company’s form.”
Could a lawsuit be next? In an SEC filing on May 24, Stilwell contended his board nominee was the winner:
“Our nominee (Spencer Schneider) beat Victor Karpiak ... by a substantial percentage. The company is attempting to invalidate the group’s votes. We will sue to enforce our rights and will take such action as is appropriate against those responsible for attempting to subvert the election,” Stilwell said."

Missed Deadlines? NASDAQ: FFNW - Joseph Stilwell Don't Seem to Bright to Me.

"Missed deadline adds another twist to First Financial NW-Stilwell dispute"

"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

Spencer Schneider and Joseph Stilwell seem like the Apple Dumpling Gang don't ya Think?

Complete Moron Spencer Schneider makes HUGE Error, then Big Daddy Joseph Stilwell seems to think it wise to sue the Bank they want to take over. Yet how in the world would shareholders want two Idiots in charge of their investment when they don't even know that they need to SIGN a Ballot.  Stilwell Group votes DO NOT COUNT.

Joseph Stilwell is a BULLY and seems to be very connected. Hopefully Joseph Stilwell will get no where in the First Financial Proxy Fight.

"Most recently, Stilwell claimed a victory at First Financial Northwest Inc. (NASDAQ: FFNW), saying Spencer Schneider, his nominee for the board of the Renton, Wash.-based bank won a proxy fight, according to the Puget Sound Business Journal.

An independent election inspector found that Schneider failed to submit a signed ballot before the polls closed, invalidating most of Stilwell Group’s votes, American Banker reported."