trending Market Intelligence /marketintelligence/en/news-insights/trending/G-dGxn23de56FkyC9rwtaA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Investor nominates two for CCSB board, but warns that votes may not be counted

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Investor nominates two for CCSB board, but warns that votes may not be counted

Park GP Inc. is seeking shareholder votes for the investor's nomination of David L. Johnson and DeAnn Totta to Liberty, Mo.-based CCSB Financial Corp.'s board.

Johnson previously was chairman, president and CEO of Maxus Realty Trust and is a majority owner of Missouri-based Maxus Properties Inc., a commercial property management company. The filing also states that Johnson owns 21.3% of First Missouri National Bank and is on that bank's board of directors. SNL Financial data show there is a David L. Johnson on the boards of First Missouri Bancshares Inc. and its banking subsidiary First Missouri Bank. Totta is the vice president for reporting and compliance of Maxus Properties.

In its nomination proxy filing, Park GP noted that because it missed the advance-notice byline to submit nominations under the company's bylaws, it is possible CCSB's board may not count shareholder votes for Park GP's nominees. It requested a waiver from this rule, and the company denied this request. "Nevertheless, Park GP believes that undertaking the solicitation process will be a referendum on whether the CCSB Board should waive [the application of the rule] and accept such votes," the investors wrote.

Park GP beneficially owned 95,494 common shares, or more than 12%, of CCSB's common stock as of Dec. 1, 2016. The investor made two offers to purchase shares of the company in 2016. The company's response to these offers was to state a position of neutrality, while also noting that the offers were mini-tender offers, which are subject to fewer disclosure requirements than tender offers that involve more than 5% of a company's stock.