Team Financial Inc /Ks - Additional Proxy Soliciting Materials (definitive) (DEFA14A)
June 16 2008 - 4:58PM
Edgar (US Regulatory)
UNITED STATES
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SECURITIES
AND EXCHANGE COMMISSION
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Washington,
D.C. 20549
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SCHEDULE
14A
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(Rule
14a-101)
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Proxy Statement
Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )
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Filed by the Registrant
x
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Filed by a Party other than the Registrant
o
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Check the appropriate box:
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o
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Preliminary Proxy Statement
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o
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Confidential, for Use of the Commission Only (as
permitted by Rule 14a-6(e)(2))
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o
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Definitive Proxy Statement
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x
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Definitive Additional Materials
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o
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Soliciting Material Pursuant to §240.14a-12
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Team Financial, Inc.
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(Name of Registrant
as Specified In Its Charter)
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(Name of Person(s)
Filing Proxy Statement, if other than the Registrant)
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Payment of Filing Fee (Check the appropriate box):
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x
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No fee required.
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o
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1)
and 0-11.
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(1)
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Title of each class of securities to which transaction applies:
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(2)
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Aggregate number of securities to which transaction applies:
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(3)
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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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(4)
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Proposed maximum aggregate value of transaction:
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(5)
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Total fee paid:
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o
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Fee paid previously with preliminary materials.
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o
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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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(1)
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Amount Previously Paid:
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(2)
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Form, Schedule or Registration Statement No.:
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(3)
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Filing Party:
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(4)
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Date Filed:
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FOR IMMEDIATE RELEASE
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For More Information Contact:
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Robert J. Weatherbie
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Chief Executive Officer
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Team Financial, Inc.
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(913) 294-9667
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bob.weatherbie@teamfinancialinc.com
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http://www.teamfinancialinc.com
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or Contact the Companys Solicitor:
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Georgeson
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Banks & Brokers Call: 212-440-9800
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Call Toll Free: 866-344-8965
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Team Financial, Inc. Provides Corporate Governance
Update
Paola,
Kansas June 16, 2008Team Financial, Inc.
(NASDAQ:TFIN) is pleased to announce that its Board of Directors has taken
action to create a Strategic Planning Committee comprised exclusively of
independent directors which will be chaired by Connie Hart, an independent
director who acquired extensive experience in bank holding company matters
during her seven of years of service with the Federal Reserve Bank Kansas City
Regional Office. The Strategic Planning Committee will explore all
strategic alternatives to maximize and improve shareholder value of the
Company, including capital raising alternatives, strategic acquisitions, and
mergers of the Company. In addition the
Committee will lead the Companys selection of an investment banker and
host a series of presentations from various firms scheduled to begin this week.
In
addition, Ms. Hart was appointed Vice Chairperson of the Board subject to
regulatory notices while the Company finalizes its efforts to bifurcate the
position of Board Chairman and CEO which is being coordinated by the
Compensation Committee. It is anticipated that Ms. Hart will assume
the duties of Chairperson when the Compensation Committee finalizes its
contractual negotiations with the current CEO, Robert J. Weatherbie who now
serves in both positions. Mr. Weatherbie has endorsed this effort
which will give him the opportunity to focus even more attention on the Companys
bank operations.
In
addition, the Company officially received from its primary regulator, the
Kansas City regional office of the Federal Reserve Bank, a letter dated June 13,
2008, which is similar to those issued by the Office of the Comptroller a few
weeks ago with respect to the Companys subsidiary banks. As is customary, the letter provides that the
Company is under similar regulatory conditions as those of its subsidiary
banks, including prior regulatory notification of changes in senior management
and the Board of Directors and restrictions on severance payments to officers,
directors and employees.
We
urge all stockholders to consider the importance of continuity of the Board
during these challenging economic and regulatory conditions and the
undesirability of choosing unknown changes at the annual meeting tomorrow.
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.
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