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CIB Marine Bancshares, Inc. Announces Plans to Adjourn Annual Meeting to a Later Date


CIB Marine Bancshares, Inc. Announces Plans to Adjourn Annual Meeting to a Later Date
BROOKFIELD, Wis., May 17, 2021 (GLOBE NEWSWIRE) CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQB: CIBH), announced its plans to open and immediately adjourn its Annual Meeting of Shareholders scheduled for May 19, 2021. The Company plans to adjourn the Annual Meeting until July 29, 2021 at 1:00 P.M. (local time) at 19601 West Bluemound Road, Brookfield, Wisconsin, in order to allow it to conclude several steps required to institute its previously announced plan to repurchase all of its preferred stock over the next four years (the “Repurchase Plan”). Those steps include, conducting a preliminary Section 382 analysis of the impact of expected 2021 pro rata preferred stock repurchases under the Repurchase Plan on the Company’s existing deferred tax assets; finalizing a definitive agreement with Hildene Capital Management, LLC and Hildene Opportunities Master Fu ....

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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 t ....

United States , 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 , ஒன்றுபட்டது மாநிலங்களில் , ஜு பிரையன் சாஃபின் , நிறுவனம் கட்டுரைகள் ஆஃப் ஒருங்கிணைப்பு , கடல் பந்க்க்ஷரேஸ் இன்க் , ஆண்டு சந்தித்தல் , ப்ளூமவுண்ட் சாலை , பிரையன் சாஃபின் , ப்ரைவேட் பத்திரங்கள் வழக்கு சீர்திருத்தம் நாடகம் ,

CIB Marine Bancshares, Inc. Announces Agreement in Principle with Hildene Capital and ...


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
CIB Marine Bancshares, Inc. Announces Agreement in Principle with Hildene Capital and .
CIBM BankApril 28, 2021 GMT
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.   ....

United States , 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 , ஒன்றுபட்டது மாநிலங்களில் , ஜு பிரையன் சாஃபின் , நிறுவனம் கட்டுரைகள் ஆஃப் ஒருங்கிணைப்பு , கடல் பந்க்க்ஷரேஸ் இன்க் , ஆண்டு சந்தித்தல் , ப்ளூமவுண்ட் சாலை , பிரையன் சாஃபின் , ப்ரைவேட் பத்திரங்கள் வழக்கு சீர்திருத்தம் நாடகம் ,