Carolina Financial Corporation Announces Alternatives to Physical Attendance for the April 2, 2020 Special Stockholders Meeti...
23 Marzo 2020 - 3:17PM
Carolina Financial Corporation (Nasdaq: CARO) (“Carolina
Financial”) today provided notice that in addition to the physical
location of its Special Meeting of Stockholders, relating to its
merger with United Bankshares, Inc. (“United”), Carolina Financial
is providing stockholders an alternative to physically attending
the Special Meeting.
Due to the emerging public health impact of the
coronavirus outbreak (COVID-19) and out of an abundance of caution
to support the health and well-being of Carolina Financial’s
employees and stockholders, the Special Meeting will now include a
virtual meeting format, via live webcast. Stockholders of record as
of the close of business on February 10, 2020 can attend the
virtual meeting via the internet
at www.meetingcenter.io/299156389 by using the control
number included on the proxy card, voting instruction form or
notice previously received.
Carolina Financial urges stockholders to vote
and submit proxies in advance of the Special Meeting by one of the
methods described in the proxy materials for the Special
Meeting.
About Carolina Financial
Carolina Financial is headquartered in
Charleston, S.C. and is the parent company of CresCom Bank. As of
December 31, 2019, Carolina Financial had assets of approximately
$4.71 billion, with 73 CresCom Bank locations in North Carolina and
South Carolina. CresCom Bank owns and operates Crescent Mortgage
Company, which is based in Atlanta. About United
United is a financial holding company with
approximately $19.7 billion in assets as December 31, 2019. United
is the parent company of United Bank, the largest community bank
headquartered in the Washington, D.C. metro area. United Bank and
its mortgage subsidiary George Mason Mortgage, LLC, have 138 full
service banking locations and 15 mortgage offices in Virginia,
Maryland, Washington, D.C., North Carolina, South Carolina,
Pennsylvania, West Virginia, and Ohio.
Participants in the Transactions
United, Carolina Financial and their respective
directors, executive officers and certain other members of
management and employees may be deemed “participants” in the
solicitation of proxies from United’s and Carolina Financial’s
stockholders in favor of the merger with United. Information
regarding the persons who may, under the rules of the SEC, be
considered participants in the solicitation of the United and
Carolina Financial stockholders in connection with the proposed
merger is set forth in the prospectus and joint proxy statement
filed with the SEC.
You can find information about the executive
officers and directors of United in its Annual Report on Form 10-K
for the year ended December 31, 2019 and in its definitive
proxy statement filed with the SEC on March 29, 2019. You can find
information about Carolina Financial’s executive officers and
directors in its Annual Report on Form 10-K for the year ended
December 31, 2019 and in its definitive proxy statement filed
with the SEC on March 22, 2019.
Additional Information About the Merger and
Where to Find It
This communication does not constitute an offer
to sell or the solicitation of an offer to buy any securities or a
solicitation of any vote or approval.
Stockholders of United and Carolina Financial
and other investors are urged to read the prospectus and joint
proxy statement included in the registration statement on Form S-4
that United filed with the SEC in connection with the proposed
merger because it contains important information about United,
Carolina Financial, the merger, the persons soliciting proxies in
the merger and their interests in the merger and related matters.
Investors are able to obtain all documents filed with the SEC by
United free of charge at the SEC’s Internet site
(http://www.sec.gov). The prospectus and joint proxy statement and
other documents filed in connection with the merger may also be
obtained for free by accessing United’s website at www.ubsi-inc.com
under the tab “Investor Relations” and then under the heading “SEC
Filings” or by accessing Carolina Financial’s website at
www.haveanicebank.com under the tab “Investor Relations” and then
under the heading “SEC Filings”. You are urged to read the
prospectus and joint proxy statement carefully before making a
decision concerning the merger.
For More Information,
Contact:
William A. Gehman, III, EVP and CFO,
843.723.7700
Carolina Financial (NASDAQ:CARO)
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