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Berkshire Hills to Nominate Two New Directors to the Company s Board
Enters into Agreement with HoldCo Asset Management
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BOSTON, March 8, 2021 /PRNewswire/ Berkshire Hills Bancorp, Inc. (NYSE: BHLB) ( the Company ) today announced that it intends to nominate Michael (Misha) A. Zaitzeff and a second new independent director selected by the Company with HoldCo s consent, together with 11 current Directors, to stand for election to its Board of Directors at the Company s 2021 Annual Meeting of Shareholders, to be held on May 20, 2021. In connection with this announcement, Berkshire has entered into a cooperation agreement with HoldCo Asset Management, LP ( HoldCo ), an investment firm which owns approximately 3.3 percent of the Company s outstanding shares. Mr. Zaitzeff is a co-founder and managing member of VM II LLC, the general partner of HoldCo Asset Management, LP.