CIB Marine Bancshares, Inc. Announces Agreement in Principle with Hildene Capital and Postponement of Annual Meeting

CIB Marine Bancshares, Inc. Announces Agreement in Principle with Hildene Capital and Postponement of Annual Meeting
April 27, 2021 22:17 ET
| Source:
CIBM Bank
CIBM Bank
Brookfield, Wisconsin, UNITED STATES
BROOKFIELD, Wis., April 27, 2021 (GLOBE NEWSWIRE) -- CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQB: CIBH), today issued a letter to its shareholders announcing that it has reached an agreement in principle with Hildene Capital Management, LLC and Hildene Opportunities Master Fund I, Ltd. (collectively, “Hildene”) regarding a plan for the repurchase by CIB Marine of all of its preferred stock over the next four years (the “Repurchase Plan”) and that it has postponed its Annual Meeting of Shareholders (the “Annual Meeting”) for three weeks to allow it time to seek regulatory approvals, finalize negotiations, and document the Repurchase Plan and a related amendment to the Company’s Articles of Incorporation.  

Related Keywords

Wisconsin ,United States ,Brookfield ,J Brian Chaffin , ,Hildene Opportunities Master Fundi Ltd ,Hildene Capital Management ,Company Articles Of Incorporation ,Marine Bancshares Inc ,Annual Meeting ,Repurchase Plan ,Bluemound Road ,Brian Chaffin ,Private Securities Litigation Reform Act ,Earnings Release ,விஸ்கான்சின் ,ஒன்றுபட்டது மாநிலங்களில் ,ப்ரூக்ஃபீல்ட் ,ஜு பிரையன் சாஃபின் ,நிறுவனம் கட்டுரைகள் ஆஃப் ஒருங்கிணைப்பு ,கடல் பந்க்க்ஷரேஸ் இன்க் ,ஆண்டு சந்தித்தல் ,ப்ளூமவுண்ட் சாலை ,பிரையன் சாஃபின் ,ப்ரைவேட் பத்திரங்கள் வழக்கு சீர்திருத்தம் நாடகம் ,