The Stilwell Group Receives Overwhelming Support To Elect All Three Of Its Nominees To Wheeler's Board At Today's Annual Meet...

Date : 12/19/2019 @ 5:47PM
Source : PR Newswire (US)
Stock : Wheeler Real Estate Investment Trust Inc (WHLR)
Quote : 1.395  -0.085 (-5.74%) @ 4:05PM

The Stilwell Group Receives Overwhelming Support To Elect All Three Of Its Nominees To Wheeler's Board At Today's Annual Meet...

Wheeler Real Estate Inve... (NASDAQ:WHLR)
Historical Stock Chart

3 Months : From Nov 2019 to Feb 2020

Click Here for more Wheeler Real Estate Inve... Charts.

NEW YORK, Dec. 19, 2019 /PRNewswire/ -- The Stilwell Group ("Stilwell"), the largest shareholder of Wheeler Real Estate Investment Trust, Inc. ("Wheeler" or the "Company")(NASDAQ:WHLR, WHLRP, WHLRD), today announced that based on preliminary voting results from Wheeler's Annual Meeting of Shareholders held today, Wheeler shareholders have elected all three of Stilwell's director nominees, Joseph D. Stilwell, Paula J. Poskon and Kerry G. Campbell, to Wheeler's  Board of Directors.  The results are expected to be certified in the coming days.

Stilwell also announced that it released the following remarks made by Joe Stilwell during today's Annual Meeting:

"When the results are certified in the coming days, the legacy directors will likely have lost by a margin of better than 8-1 – which they richly deserved given their dirty campaign and their incompetence in discharging their duties.

Now that the board is largely cleaned-up, we'll work to clean up management, straighten out the
organization, and rationalize the corporate capital structure. Based on my discussions with the major shareholders, we all want to see this company returned to health and continue as a viable REIT. We're willing to provide the time and support necessary to accomplish this goal.

My Group's nominees now no longer represent The Stilwell Group; they represent the common
shareholders of WHLR. We will work with the other newly elected directors and with Andy Jones to take all appropriate actions with the greatest possible dispatch.

Thank you."

Investor Contact:
The Stilwell Group
Megan Parisi
(917) 881-8076
mparisi@stilwellgroup.com

Cision View original content:http://www.prnewswire.com/news-releases/the-stilwell-group-receives-overwhelming-support-to-elect-all-three-of-its-nominees-to-wheelers-board-at-todays-annual-meeting-based-on-preliminary-voting-results-300977829.html

SOURCE The Stilwell Group

Copyright 2019 PR Newswire

Latest WHLR Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.