Bank of Sun Prairie Holds First Virtual Stockholder Meeting in 124-Year History with Mediasite Events
Bank of Sun Prairie successfully hosted its first-ever virtual stockholders meeting using Mediasite Events, expanding its reach nationally. This marked a significant transition for the bank, which has a rich 124-year history of in-person annual meetings. The event allowed stockholders to attend remotely, improving participation from those unable to attend in the past. The seamless execution of the meeting demonstrated the effectiveness of Mediasite’s platform, which enabled real-time voting and analytics. The bank's management expressed satisfaction with the virtual format, highlighting newfound benefits from the pandemic.
- Successful first virtual stockholders meeting, expanding audience reach.
- Flawless execution of the virtual event, ensuring compliance with legal requirements.
- Increased participation from stockholders unable to attend in-person meetings.
- Positive feedback from management regarding the effectiveness of the virtual platform.
- None.
Mediasite Events creates engaging, secure event this month for Wisconsin bank with virtual platform, expands reach to national audience
MADISON, Wis., March 30, 2021 (GLOBE NEWSWIRE) -- The Bank of Sun Prairie in the greater Madison, Wis. region successfully held its first-ever virtual stockholders meeting earlier this month, expanding its reach to a larger audience and complying with all its legal requirements outlined in its bylaws. Using Mediasite Events’ complete virtual and hybrid event platform, the bank connected stockholders from around the country online for the first time in its rich 124-year history.
“Being able to put on the event and have it go off without a hitch was very important to us because we have certain timing requirements in our bylaws that make it challenging to reschedule if things don’t go well. We needed confidence that our event would just work, because failure was not an option,” said Jimmy Kauffman, President and CEO, Bank of Sun Prairie. “Mediasite Events executed the event flawlessly. Using the Mediasite Events virtual platform we were able to invite stockholders, authenticate them prior to joining the live event, take attendance, stream my company presentation, and allow people to vote on motions in real time -- all within a dynamic, customized online experience.”
The bank historically holds its annual meeting in-person. However, some stockholders located around the country, especially those who are local and winter in warmer climates, have never been able to attend in the past.
“Our stockholders appreciated the fact that they could simply login and participate from any location via Mediasite this year,” said Deb Krebs, AVP, Community & Strategic Partnerships, Bank of Sun Prairie. “When considering what platform to use for our meeting, it was important to us that we were able to take attendance for our board meeting minutes. We needed to do registration and dive into analytics afterwards to show who attended, and Mediasite Events made that easy. Our Board of Directors thought this was one of our best meetings to date.”
“Holding a virtual event was never even a thought to us prior to the pandemic,” Kauffman said. “But COVID forced us into that world and now businesses like ours are learning that you can actually do it with the right partner and be very successful. We certainly see the benefits of virtual events. Beyond being able to reach a larger audience, our meeting was a lot more succinct in a virtual setting.”
“One of the positives that actually came out of the pandemic was the new-found creativity at corporations and organizations worldwide to keep meetings, communications and collaborations going despite distance. It is exciting to see corporations like Bank of Sun Prairie leveraging the capabilities of our platform to solve their business needs, even with limitations of COVID,” said Joe Mozden Jr., CEO, Sonic Foundry, the creator of Mediasite. “We’re pleased that our Mediasite Events team, which has been creating these dynamic online event experiences for nearly two decades, is helping companies stay connected with Mediasite’s unparalleled ability to unite people in real-time all over the world.”
The world’s top companies, organizations, healthcare associations, schools, and continuing education conferences trust Mediasite Events to create dynamic virtual and hybrid events that engage global audiences in this new digital-first world. With the most experienced project managers and rock-solid technology in the industry, Mediasite Events is the complete go-to virtual solution with everything needed to take an event online. Learn more about Mediasite Events’ town hall packages, the solution for events on a smaller scale, at www.mediasite.com/events/virtual-packages/#town-hall.
About Bank of Sun Prairie
Bank of Sun Prairie is a locally owned full-service community bank with more than
About Sonic Foundry®, Inc.
Sonic Foundry (OTC: SOFO) is the global leader for video capture, management and streaming solutions as well as virtual and hybrid events. Trusted by more than 5,200 educational institutions, corporations, health organizations and government entities in over 65 countries, its Mediasite Video Platform quickly and cost-effectively automates the capture, management, delivery and search of live and on-demand streaming videos. Learn more at www.mediasite.com and @mediasite.
© 2021 Sonic Foundry, Inc. Product and service names mentioned herein are the trademarks of Sonic Foundry, Inc. or their respective owners.
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