Solera Announces Reduction in the Size of Its Board of Directors and Withdrawal of Shareholder-Nominated Director Candidates
May 16 2014 - 8:52PM
Solera National Bancorp, Inc. (OTCQB:SLRK) ("Solera," the
"Company," "we," or "us"), the holding company for Solera National
Bank, today announced that Norma Akers and Basil Sabbah will not be
standing for re-election at the Company's 2014 annual meeting of
stockholders and that Ron Montoya and Stanley Sena have elected to
resign from the Company's board of directors. The board does not
intend to propose alternative nominees in place of these directors;
instead, it will reduce the size of the board to seven. Therefore,
its director nominees at the annual shareholders' meeting, which
will be held on May 22, 2014, will be John Carmichael, Maria Arias,
Ron Eller, Ray Nash, Dave Roberts, Larry Trujillo and Kent Veio.
Mr. Carmichael, Chief Executive Officer, stated "In the course of
our conversations with shareholders, some have expressed concerns
about the size of the board. These directors have responded to this
concern by leaving the board. We sincerely thank them for their
service over the years."
The Company also announced that it has received notice from
Kathleen Stout that Ms. Stout has withdrawn her nomination of eight
candidates for election as directors at the upcoming annual
meeting.
No matter how many shares you own, your vote is very
important to us. To follow the Solera board's recommendations,
shareholders should vote on the WHITE proxy card today FOR all the
Company's director nominees.
If you have any questions, require assistance in
voting your WHITE proxy card, or need additional copies of Solera's
proxy materials, please call Alliance Advisors LLC at the phone
numbers listed below.
ALLIANCE ADVISORS LLC
200 Broadacres Drive, 3rd Floor
Bloomfield, NJ 07003
Banks and Brokers Call Collect: (973)
873-7721 Shareholders Call TOLL-FREE: (855)
737-3177
About Solera National Bancorp, Inc.
Solera National Bancorp, Inc. was incorporated in 2006 to
organize and serve as the holding company for Solera National Bank,
which opened for business in September 2007. Solera National Bank
is a community bank serving emerging businesses in Lakewood,
Colorado with five additional loan production offices throughout
the state. At the core of Solera National Bank is welcoming,
inclusive and respectful customer service, a focus on supporting a
growing and diverse Colorado economy, and a passion to serve the
Hispanic community through service, education and volunteerism. For
more information, please visit http://www.SoleraBank.com.
CONTACT: Solera National Bancorp, Inc.
John P. Carmichael, President & CEO
(303) 937-6422
Solera National Bancorp (PK) (USOTC:SLRK)
Historical Stock Chart
From Oct 2024 to Nov 2024
Solera National Bancorp (PK) (USOTC:SLRK)
Historical Stock Chart
From Nov 2023 to Nov 2024