|
Quotes & Info
|
| HFFC > SEC Filings for HFFC > Form 8-K on 31-Aug-2009 | All Recent SEC Filings |
31-Aug-2009
Other Events, Financial Statements and Exhibits
On August 26, 2009, HF Financial Corp. (the "Company") entered into a Standstill Agreement (the "Standstill Agreement") with PL Capital, LLC, John W. Palmer, Richard J. Lashley, and certain affiliates thereof (the "PL Capital Parties"). Based on the Schedule 13D most recently filed by the PL Capital Parties with the Securities and Exchange Commission, the PL Capital Parties beneficially own, in the aggregate, 291,699 shares of the Company's outstanding common stock.
The Standstill Agreement was entered into following the determination of the Company's Board of Directors (the "Board") to adopt a majority voting policy commencing with the Company's 2010 Annual Meeting of Stockholders (the "2010 Meeting").
Under the terms of the Standstill Agreement, the PL Capital Parties agreed, among other things, not to bring any proposals before the Company's 2009 Annual Meeting of Stockholders (the "2009 Meeting") or the 2010 Meeting and to vote the shares beneficially owned by them for the election of the directors nominated by the Board at the 2009 Meeting and 2010 Meeting.
The foregoing summary of the Standstill Agreement does not purport to be complete and is qualified in its entirety by reference to the Standstill Agreement, a copy of which is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
(d) Exhibits
99.1 Standstill Agreement, dated August 26, 2009, by and among the Company, PL Capital, LLC, John W. Palmer, Richard J. Lashley, and certain affiliates thereof.
* * *
|
|