trending Market Intelligence /marketintelligence/en/news-insights/trending/ENeHBUNWSliOlZp6icgccA2 content esgSubNav
In This List

Walter Investment shareholders to consider board declassification proposal

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Insight Weekly: CEO pay jumps; yield curve inversion deepens; wind giants lift turbine prices


Walter Investment shareholders to consider board declassification proposal

WalterInvestment Management Corp. shareholders will consider a proposalthat would declassify the board and provide for the annual election of alldirectors.

The board is currently divided into three classes, and oneclass of directors is elected at each annual stockholders meeting for a term ofthree years. Upon the approval of the declassification proposal, all directorswill stand for election annually for one-year terms expiring at the nextsucceeding annual stockholders meeting, beginning at the 2017 annualstockholders meeting. The class I directors, whose terms will expire in 2019,and the class III directors, whose terms will expire in 2018, are expected toresign effective immediately prior to the election of directors at the 2017annual stockholders meeting.

The board recommends shareholders as of March 17 vote forthe proposal at the annual stockholders meeting on June 9.