Cadence Bank Announces Adjournment of its Special Meeting
Cadence Bank (NYSE: CADE) announced the adjournment of its special meeting of shareholders until March 26, 2025. The adjournment aims to allow additional time to solicit proxies from preferred shareholders for Proposal 2, which would authorize the Board to implement stock repurchases under Regulation H.
Common shareholders have already approved Proposals 1, 2, 3, and 4 at the December 30, 2024 meeting, while preferred shareholders approved Proposal 4. The record date for voting eligibility remains November 8, 2024. Previously submitted valid proxies will continue to be valid for the reconvened meeting.
The reconvened virtual Special Meeting will be held at 8:45 a.m. Central Time, accessible through meetnow.global/MLVC22S. Preferred shareholders who haven't voted on Proposal 2 can contact Okapi Partners for assistance.
Cadence Bank (NYSE: CADE) ha annunciato il rinvio della sua riunione straordinaria degli azionisti fino al 26 marzo 2025. Questo rinvio ha lo scopo di dare ulteriore tempo per richiedere proxy da parte degli azionisti privilegiati per la Proposta 2, che autorizzerebbe il Consiglio a implementare riacquisti di azioni secondo la Regolamentazione H.
Gli azionisti comuni hanno già approvato le Proposte 1, 2, 3 e 4 nella riunione del 30 dicembre 2024, mentre gli azionisti privilegiati hanno approvato la Proposta 4. La data di registrazione per la validità del voto rimane l'8 novembre 2024. I proxy validi precedentemente inviati continueranno a essere validi per la riunione riconvocata.
La riunione straordinaria virtuale riconvocata si terrà alle 8:45 ora centrale, accessibile attraverso meetnow.global/MLVC22S. Gli azionisti privilegiati che non hanno votato sulla Proposta 2 possono contattare Okapi Partners per assistenza.
Cadence Bank (NYSE: CADE) anunció la postergación de su reunión extraordinaria de accionistas hasta el 26 de marzo de 2025. La postergación tiene como objetivo permitir más tiempo para solicitar poderes de los accionistas preferentes para la Propuesta 2, que autorizaría a la Junta a implementar recompras de acciones bajo la Regulación H.
Los accionistas comunes ya han aprobado las Propuestas 1, 2, 3 y 4 en la reunión del 30 de diciembre de 2024, mientras que los accionistas preferentes aprobaron la Propuesta 4. La fecha de corte para la elegibilidad al voto sigue siendo el 8 de noviembre de 2024. Los poderes válidos presentados anteriormente seguirán siendo válidos para la reunión reconvocada.
La reunión extraordinaria virtual reconvocada se llevará a cabo a las 8:45 a.m. Hora Central, accesible a través de meetnow.global/MLVC22S. Los accionistas preferentes que no hayan votado sobre la Propuesta 2 pueden contactar a Okapi Partners para asistencia.
Cadence Bank (NYSE: CADE)는 주주 특별 회의를 2025년 3월 26일로 연기한다고 발표했습니다. 이번 연기의 목적은 주주들로부터 제안 2에 대한 위임장을 추가로 수집하기 위한 시간입니다. 제안 2는 이사회가 H 규정에 따라 자사주 매입을 시행할 수 있도록 허가하는 내용입니다.
보통주주들은 2024년 12월 30일 회의에서 제안 1, 2, 3 및 4를 이미 승인한 반면, 우선주주들은 제안 4를 승인했습니다. 투표 자격의 기준일은 2024년 11월 8일로 유지됩니다. 이전에 제출된 유효한 위임장은 재소집된 회의에서도 계속 유효합니다.
재소집된 가상 특별 회의는 중앙 표준시 기준으로 오전 8시 45분에 개최되며, meetnow.global/MLVC22S를 통해 접근할 수 있습니다. 제안 2에 대해 투표하지 않은 우선주주들은 Okapi Partners에 도움을 요청할 수 있습니다.
Cadence Bank (NYSE: CADE) a annoncé le report de son assemblée générale extraordinaire des actionnaires au 26 mars 2025. Ce report vise à permettre de prendre plus de temps pour solliciter des procurations auprès des actionnaires privilégiés pour la Proposition 2, qui autoriserait le Conseil à mettre en œuvre des rachats d'actions conformément à la Réglementation H.
Les actionnaires ordinaires ont déjà approuvé les Propositions 1, 2, 3 et 4 lors de la réunion du 30 décembre 2024, tandis que les actionnaires privilégiés ont approuvé la Proposition 4. La date de référence pour l'éligibilité au vote reste le 8 novembre 2024. Les procurations valides soumises précédemment resteront valides pour la réunion reconvoquée.
La réunion extraordinaire virtuelle reconvoquée se tiendra à 8h45, heure centrale, accessible via meetnow.global/MLVC22S. Les actionnaires privilégiés qui n'ont pas voté sur la Proposition 2 peuvent contacter Okapi Partners pour obtenir de l'aide.
Cadence Bank (NYSE: CADE) hat die Verschiebung seiner außerordentlichen Hauptversammlung bis zum 26. März 2025 bekannt gegeben. Die Verschiebung dient dazu, zusätzliche Zeit zu gewinnen, um von den Vorzugsaktionären Proxystimmen für den Vorschlag 2 einzuholen, der dem Vorstand die Durchführung von Aktienrückkäufen gemäß der Regelung H ermöglichen würde.
Die Stammaktionäre haben bereits die Vorschläge 1, 2, 3 und 4 in der Sitzung am 30. Dezember 2024 genehmigt, während die Vorzugsaktionäre Vorschlag 4 genehmigt haben. Das Stichtdatum für die Wahlberechtigung bleibt der 8. November 2024. Zuvor eingereichte gültige Proxys behalten Ihre Gültigkeit für die erneut einberufene Sitzung.
Die erneut einberufene virtuelle außerordentliche Sitzung findet um 8:45 Uhr Central Time statt und ist über meetnow.global/MLVC22S erreichbar. Vorzugsaktionäre, die noch nicht über Vorschlag 2 abgestimmt haben, können Okapi Partners um Unterstützung bitten.
- Board seeking authorization for stock repurchase program implementation
- Common shareholders already approved all proposals
- Preferred shareholders approved Proposal 4
- Delay in obtaining preferred shareholders' approval for stock repurchase authorization
- Extended timeline for implementation of potential stock repurchases due to meeting adjournment
The proposal is described in more detail in the Company's proxy statement dated Nov. 19, 2024, furnished to the Company's shareholders in connection with the solicitation of proxies by the Company's Board of Directors for use at the Special Meeting. The Company's common shareholders approved Proposals 1, 2, 3 and 4 at the Special Meeting on Dec. 30, 2024, prior to adjournment, which was all of the business to be voted upon by common shareholders at the Special Meeting. The Company's preferred shareholders approved Proposal 4 prior to adjournment.
The record date for determining shareholders eligible to vote at the Special Meeting will remain the close of business on Nov. 8, 2024. Valid proxies submitted by Company preferred shareholders prior to the adjourned Dec. 30, 2024 Special Meeting will continue to be valid for purposes of the reconvened Special Meeting scheduled for Wednesday, March 26, 2025.
Company preferred shareholders as of the close of business on Nov. 8, 2024, who have not voted on Proposal 2 but wish to do so should contact Okapi Partners, the Company's proxy solicitor, at info@okapipartners.com or (855) 208-8902 (Toll-Free).
Attending the Virtual Special Meeting
The reconvened Special Meeting of the Company's preferred shareholders to vote on Proposal 2 will be held virtually on Wednesday, March 26, 2025, at 8:45 a.m. Central Time.
Preferred shareholders may attend and participate in the reconvened Special Meeting virtually by visiting the following web address, meetnow.global/MLVC22S, and entering the 15-digit control number found on the Notice of Internet Availability of Proxy Materials (Notice) received. Preferred shareholders who hold shares through an intermediary, such as a bank or broker, must register in advance using the instructions in the Notice materials.
About Cadence Bank
Cadence Bank (NYSE: CADE) is a leading regional banking franchise with approximately
Additional Information
This communication may be deemed to be additional solicitation material with respect to the special meeting. On November 19, 2024, the Company filed a definitive proxy statement with the Federal Deposit Insurance Corporation ("FDIC") in connection with the Special Meeting. SHAREHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT AND ANY OTHER SOLICITING MATERIALS THAT ARE FILED WITH THE FDIC OR FEDERAL RESERVE WHEN THEY BECOME AVAILABLE BECAUSE THESE DOCUMENTS CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE PROPOSAL TO BE VOTED UPON. The Company's proxy statement and any other solicitation materials filed by the Company with the FDIC and Federal Reserve can be obtained free of charge on the Investor Relations section of our website at ir.cadencebank.com. Shareholders may also request a copy of these materials at no cost by contacting the Company at 201 South Spring Street,
Forward-Looking Statements
This press release may contain certain "forward-looking statements" including statements concerning plans, objectives, future events or performance and assumptions and other statements, which are statements other than statements of historical fact. The Company cautions readers that certain factors may have affected and could in the future affect actual results and could cause actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company herein. For a list of factors which could affect the Company's results, see the Company's filings with the FDIC and Federal Reserve, including "Item 1A. Risk Factors," set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date of this filing, even if subsequently made available by the Company on its website or otherwise. The Company undertakes no obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.
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SOURCE Cadence Bank
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