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Mark Jaindl, a Pennsylvania banker, fell less than 100,000 short of shaking up the board at the parent of Home Savings Bank.
May 21 -
The activist investor claims that D.F. King failed to turn in a master ballot, causing his board candidate to lose an election.
May 20 -
An activist investor resigned from the board of First Financial Northwest after just five weeks when his demands for austerity measures were tabled. The investor, who is now planning a proxy fight, had asked that the company serve only hard candy at annual meetings, among other demands.
February 27
Ron Swanner was prepared for just about anything during South Street Financial's (SSFC) annual meeting this week, which included a proxy fight.
South Street's chairman and CEO adroitly handled questions about credit issues, expensive branches and
"We used to have Cokes, pastries and fruit at these meetings," a shareholder said during a question-and-answer session. "Can we get those back?"
Swanner paused to collect his thoughts. "Sorry about that," he responded. "We'll do a better job next time."
Another investor noted afterward that Uwharrie Capital, another banking company in Albemarle, still holds a barbecue as part of its annual meeting.
Food also played a minor role in a shareholder squabble last year when Spencer Schneider, a representative for Stilwell Group,
Schneider, who was a director at the time, quit the board, prompting a lengthy proxy battle between Stilwell and the Renton, Wash., company.
