NEW YORK, Aug. 10, 2018 /PRNewswire/ -- Camac
Partners, LLC, the investment manager of Camac Fund, LP, is pleased
to announce that it intends to submit two director nominations for
the special meeting that will be called of the Series B Preferred
shareholders of Impac Mortgage Holdings (NYSE-MKT: IMH) for the
purpose of electing two directors. The special meeting is to
be held pursuant to the Articles Supplementary and the Order of the
Circuit Court for Baltimore City dated July
16, 2018 in Case No. 24-C-11-008391 (Timm, et al. v. Impac).
Camac is a beneficial holder of approximately 1/3 of the preferred
Series B stock issued by Impac. In the July
16 ruling, the court determined that the Articles
Supplementary governing the preferred Series B remain in full force
and effect, and pursuant to Section 6(b) of the Articles, Impac is
ordered to hold a special election which in which the Series B
shareholders may elect two additional directors.
Camac has nominated Eric
Shahinian of Camac Partners, LLC and Michael Cricenti of Magis Capital Partners LLC
to serve as the additional directors.
Eric Shahinian is the founder and
managing member of the GP of Camac Partners, LLC, an investment
management firm based in New York
which specializes in long-duration investments, since February 2011. Prior to founding Camac, he was an
analyst at Kingstown Capital, an investment firm, from 2009 to
2011. Mr. Shahinian was a director of Khan Resources, Inc. from
2015 to 2017 during which time the company reached a settlement
with the government of Mongolia in
regards to an arbitration award entered in the company's favor. Mr.
Shahinian has a Bachelor of Science from Babson College.
Mr. Michael Cricenti is the
Founder and Chief Investment Officer of Magis Capital Partners, a
family office based in Dallas,
Texas since 2017. From 2009-2016 Michael Cricenti was a Managing Director of
Bluestem Asset Management a $1.5B
investment firm based in Charlottesville,
VA. In that role, Mr. Cricenti sourced, conducted research,
and executed on investments in public, private, and partnership
securities around the world. Mr. Cricenti has a Bachelor of Science
in Business Administration, with a concentration in finance and
quantitative methods from Babson
College.
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SOURCE Camac Partners, LLC