Team Financial Inc /Ks - Additional Proxy Soliciting Materials (definitive) (DEFA14A)
June 12 2008 - 6:01AM
Edgar (US Regulatory)
UNITED STATES
|
SECURITIES
AND EXCHANGE COMMISSION
|
Washington,
D.C. 20549
|
|
SCHEDULE 14A
|
(Rule
14a-101)
|
|
Proxy Statement
Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )
|
|
Filed by the Registrant
x
|
|
Filed by a Party other than the Registrant
o
|
|
Check the appropriate box:
|
o
|
Preliminary Proxy Statement
|
o
|
Confidential, for Use of the Commission Only (as
permitted by Rule 14a-6(e)(2))
|
o
|
Definitive Proxy Statement
|
x
|
Definitive Additional Materials
|
o
|
Soliciting Material Pursuant to §240.14a-12
|
|
Team Financial, Inc.
|
(Name of Registrant
as Specified In Its Charter)
|
|
|
(Name of Person(s)
Filing Proxy Statement, if other than the Registrant)
|
|
Payment of Filing Fee (Check the appropriate box):
|
x
|
No fee required.
|
o
|
Fee computed on table below per Exchange Act Rules 14a-6(i)(1)
and 0-11.
|
|
(1)
|
Title of each class of securities to which transaction applies:
|
|
|
|
|
(2)
|
Aggregate number of securities to which transaction applies:
|
|
|
|
|
(3)
|
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):
|
|
|
|
|
(4)
|
Proposed maximum aggregate value of transaction:
|
|
|
|
|
(5)
|
Total fee paid:
|
|
|
|
o
|
Fee paid previously with preliminary materials.
|
o
|
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.
|
|
(1)
|
Amount Previously Paid:
|
|
|
|
|
(2)
|
Form, Schedule or Registration Statement No.:
|
|
|
|
|
(3)
|
Filing Party:
|
|
|
|
|
(4)
|
Date Filed:
|
|
|
|
|
|
|
|
FOR IMMEDIATE RELEASE
|
|
For More Information Contact:
|
|
|
Robert J. Weatherbie
|
|
|
Chief Executive Officer
|
|
|
Team Financial, Inc.
|
|
|
(913) 294-9667
|
|
|
bob.weatherbie@teamfinancialinc.com
|
|
|
http://www.teamfinancialinc.com
|
|
|
|
|
|
or Contact the Companys Solicitor:
|
|
|
Georgeson
|
|
|
Banks & Brokers Call: 212-440-9800
|
|
|
Call Toll Free: 866-344-8965
|
TEAM
FINANCIAL, INC. GIVEN BACKING FROM TWO INDEPENDENT PROXY ADVISORY FIRMS.
Paola,
Kansas, June 11, 2008 Institutional Shareholder Services (ISS), the
worlds leading provider of corporate governance and proxy voting services, has
made a recommendation that shareholders vote for the slate of directors
nominated by Team Financial, Inc., (the Company), (NASDAQ: TFIN) rather
than those nominees presented by a dissident shareholder. Glass-Lewis & Co., another
world-wide provider of independent research and recommendations to
shareholders, has also made a similar recommendation.
ISS
noted that the Company has been responsive in addressing capital needs, loan
loss reserves, and has been proactive in establishing cost savings. We are extremely pleased with the
recommendations of these two very respected, independent reports. These reports should assure our shareholders
of the Boards ability to lead the Company and that the Company is proactively
addressing restoring shareholder value, stated Robert Weatherbie, Chairman and
Chief Executive Officer of the Company.
Both
independent reports point to a lack of an actual plan for improvement from the
dissident shareholder, and note that the claims of excessive executive pay are
unwarranted, that in fact, the Companys compensation is in-line with that of
its peers.
Both
reports note hesitations to recommend two former directors on the dissidents
slate whose presence on the Board did not add shareholder value the first time
around. The Companys annual meeting of
shareholders is set for Tuesday, June 17, 2008.
2
IMPORTANT
INFORMATION AND WHERE TO FIND IT
In
connection with its 2008 Annual Meeting, Team Financial, Inc. has filed a
definitive proxy statement, WHITE proxy card and other materials with the U.S.
Securities and Exchange Commission (SEC). WE URGE INVESTORS TO READ THE PROXY
STATEMENT AND THESE OTHER MATERIALS CAREFULLY WHEN THEY BECOME AVAILABLE,
BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT TEAM FINANCIAL, INC. AND THE
MATTERS TO BE CONSIDERED AT ITS ANNUAL MEETING. Investors may contact Robert J.
Weatherbie at (913) 294-9667 or
by email at bob.weatherbie@teamfinancialinc.com.
Investors may also obtain a free copy of the proxy statement and other relevant
documents as well as other materials filed with the SEC concerning Team
Financial, Inc. at the SECs website at
http://www.sec.gov
. These
materials and other documents may also be obtained for free from: Secretary,
Team Financial, Inc., 8 West
Peoria, Suite 200, Paola, Kansas 66071 (913) 294-9667.
CERTAIN
INFORMATION REGARDING PARTICIPANTS IN THE SOLICITATION
Team
Financial, Inc. and its directors are, and certain of its officers and
employees may be deemed to be, participants in the solicitation of proxies from
Team Financials stockholders with respect to the matters considered at the
Team Financial, Inc. 2008 Annual Meeting. Information regarding these
directors, and these certain officers and employees, is included in the
definitive proxy statement on Schedule 14A filed with the SEC on April 28,
2008. Security holders can also obtain information with respect to the identity
of the participants and potential participants in the solicitation and a
description of their direct or indirect interests, by security holdings or
otherwise, for free, by contacting: Secretary, Team Financial, Inc., 8 West Peoria, Suite 200, Paola, Kansas
66071 (913) 294-9667. More detailed information with respect to the
identity of the participants, and their direct or indirect interests, by
security holdings or otherwise, has been and will be set forth in our
definitive proxy statement and other proxy related materials to be filed with
the SEC in connection with the Team Financial, Inc. 2008 Annual Meeting.
FORWARD-LOOKING
STATEMENTS
This
press release contains forward-looking statements under the Private Securities
Litigation Reform Act of 1995 that are subject to certain risks and
uncertainties that could cause actual results to differ materially from
historical income and those presently anticipated or projected. The
Company cautions readers not to place undue reliance on any such forward
looking statements, which speak only as of the date of this release. Such
risks and uncertainties include those detailed in the Companys filings with
the Securities and Exchange Commission, risks of adverse changes in results of
operations, risks related to the Companys expansion strategies, risks relating
to loans and investments, including the effect of the change of the economic
conditions in areas the Companys borrowers are located, risks associated with
the adverse effects of governmental regulation,
changes in regulatory oversight, interest rates, and competition for the
Companys customers by other providers of financial services, all of which are
difficult to predict and many of which are beyond the control of the Company.
3
Triumph Financial (NASDAQ:TFIN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Triumph Financial (NASDAQ:TFIN)
Historical Stock Chart
From Jul 2023 to Jul 2024