SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934 (Amendment
No. __)
Filed by the Registrant [ ]
Filed by a Party other than the Registrant
[x]
Check the appropriate box:
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Preliminary Proxy Statement |
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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Definitive Proxy Statement |
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Definitive Additional Materials |
[x] |
Soliciting Material Under Rule 14a-12 |
Campus Crest Communities, Inc.
(Name of Registrant as Specified In Its Charter)
Clinton Group, Inc.
Clinton Relational Opportunity, LLC
Clinton Relational Opportunity Master Fund,
L.P.
GEH Capital, Inc.
George E. Hall
Scott R. Arnold
Randall H. Brown
William A. Finelli
Raymond Mikulich
Campus Evolution Villages, LLC
Andrew Stark
Evan Denner
(Name of Person(s) Filing Proxy Statement, if
other than the Registrant)
Payment of Filing Fee (check the appropriate
box):
[X] |
No fee required. |
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Fee computed on table below per Exchange Act Rule 14a-6(i)(4) and 0-11. |
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act |
Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): |
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Fee paid previously with preliminary materials. |
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the |
filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
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Date Filed: |
CLINTON GROUP AND CAMPUS EVOLUTION VILLAGES
FILE DETAILED PRESENTATION
ON CAMPUS CREST COMMUNITIES
NEW YORK, March 13, 2015 /PRNewswire/ -- Clinton Group, Inc.
(“Clinton Group” or “CGI”), a stockholder of Campus Crest Communities, Inc. ("Campus Crest",
"CCG" or the "Company") (NYSE:CCG), and Campus Evolution Villages, LLC (“Campus Evolution Villages"
or “CEV” and together with CGI, the “Clinton/Campus Evolution Group”), a leading private owner and operator
of student housing assets, filed a presentation earlier today describing their perspectives on the Company.
“We wanted to
detail our case for change and plans for the future for the benefit of all existing and potential shareholders in advance of the
Company’s record date on March 20th. As I have stated previously, notwithstanding our plan, our nominees will
not stand in the way of a bona fide change of control transaction at a market clearing price,” stated Joseph A. De Perio,
Senior Portfolio Manager at Clinton Group. De Perio continued “The Company has been without a permanent CEO for five months
and there is virtually no student housing expertise at the Board and executive level. It is imperative to get student housing
management expertise into the C-suite immediately, as this will help stabilize the operations in the near term and make the Company
more attractive for a potential sale.”
“As set forth in detail in the presentation, Campus Evolution
Villages will bring much needed student housing leadership, sector specific operating expertise and culture that we believe are
sorely needed at the Company to restore shareholder value,” noted Andrew Stark, Chief Executive Officer of Campus Evolution
Villages.
“We have the ability to come in, work with and empower employees by providing them the tools and strategies that
will allow the Company to achieve a greater level of success,” added Evan Denner, Chief Investment Officer at Campus Evolution
Villages.
A link to the PDF version of presentation can be found here:
http://www.sec.gov/Archives/edgar/data/1490983/000090266415001732/0000902664-15-001732-index.htm
About Clinton Group, Inc.
Clinton Group, Inc. is a diversified asset management firm that
is a Registered Investment Advisor. The firm has been investing in global markets since its inception in 1991 with expertise that
spans a wide range of investment styles and asset classes.
About Campus Evolution Villages, LLC
Campus Evolution Villages is a singularly focused student housing
management company; a thought leader and change agent setting a new standard in student living that goes beyond merely heads in
beds. Its senior management team has more than 25 years of experience in serving the student demographic. Campus Evolution Villages’
specialized focus and customer-centric approach gives it a unique perspective on the particular needs and challenges of managing
student housing. Campus Evolution Villages owns and/or manages approximately10,000 beds today at 20 universities from San Diego,
California to Clemson, South Carolina.
CEV and its principals have a proven track-record in student housing,
commercial and residential real estate finance and development, and in growing successful operating real estate platforms, which
gives it a unique insight into the nuances of student housing. The principals of CEV are seasoned leaders with turn-around and
growth experience at both the corporate and asset level and also with significant exposure to the capital markets, including public
company and shareholder know-how. CEV has wide-ranging student housing management experience and strong relationships with owners,
universities and other institutions. Top-down leadership and brand building, with culture immersion and training, has separated
CEV from its peers; CEV understands that student housing is a management-intensive operating business requiring a cohesive team
at all touch-points focused on the experiential nature of student housing.
CLINTON RELATIONAL OPPORTUNITY MASTER FUND, L.P., CLINTON RELATIONAL
OPPORTUNITY, LLC, GEH CAPITAL, INC., CLINTON GROUP, INC. AND GEORGE E. HALL (COLLECTIVELY, "CLINTON"), SCOTT R. ARNOLD,
RANDALL H. BROWN, WILLIAM A. FINELLI AND RAYMOND MIKULICH (THE "NOMINEES") AND CAMPUS EVOLUTION VILLAGES, LLC, EVAN DENNER
AND ANDREW STARK (TOGETHER WITH CLINTON AND THE NOMINEES, THE "PARTICIPANTS") INTEND TO FILE WITH THE SECURITIES AND
EXCHANGE COMMISSION (THE "SEC") A DEFINITIVE PROXY STATEMENT AND ACCOMPANYING FORM OF PROXY CARD TO BE USED IN CONNECTION
WITH THE PARTICIPANTS' SOLICITATION OF PROXIES FROM THE STOCKHOLDERS OF CAMPUS CREST COMMUNITIES, INC. (THE "COMPANY")
FOR USE AT THE COMPANY'S 2015 ANNUAL MEETING OF STOCKHOLDERS (THE "PROXY SOLICITATION"). ALL STOCKHOLDERS OF THE COMPANY
ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE PROXY SOLICITATION, WHEN THEY BECOME AVAILABLE,
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING ADDITIONAL INFORMATION RELATED TO THE PARTICIPANTS. WHEN COMPLETED,
THE DEFINITIVE PROXY STATEMENT AND AN ACCOMPANYING PROXY CARD WILL BE FURNISHED TO SOME OR ALL OF THE COMPANY'S STOCKHOLDERS AND
WILL BE, ALONG WITH OTHER RELEVANT DOCUMENTS, AVAILABLE AT NO CHARGE ON THE SEC'S WEBSITE AT HTTP://WWW.SEC.GOV/.
INFORMATION ABOUT THE PARTICIPANTS AND A DESCRIPTION OF THEIR
DIRECT OR INDIRECT INTERESTS BY SECURITY HOLDINGS IS CONTAINED IN THE PRELIMINARY PROXY STATEMENT ON SCHEDULE 14A FILED BY CLINTON
WITH THE SEC ON FEBRUARY 23, 2015. THIS DOCUMENT CAN BE OBTAINED FREE OF CHARGE FROM THE SOURCE INDICATED ABOVE.
CONTACT: Joseph A. De Perio, Clinton Group, Inc., +1-212-825-0400,
evolvecampuscrest@clinton.com
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