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Midland States seeks shareholder approval to increase number of directors

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Midland States seeks shareholder approval to increase number of directors

The board of Midland States Bancorp Inc. seeks shareholder approval to increase the company's number of directors to no fewer than seven and no more than 13.

Effingham, Ill.-based Midland States' articles currently allow the board to have no fewer than six and no more than 11 directors. Midland States' board currently has 11 directors, the maximum number permitted under the company's current articles. Midland States' board has already approved the proposal.

Midland States annual shareholders meeting is expected to commence May 7.