HOLDCO ASSET MANAGEMENT RELEASES PRESENTATION TO FIRST INTERSTATE BANCSYSTEM, INC.
Rhea-AI Summary
HoldCo Asset Management (managing approximately $2.6 billion in regulatory AUM) released a presentation to First Interstate BancSystem (NASDAQ: FIBK) titled "Respect To The Board" on Nov 6, 2025. HoldCo disclosed it owns common stock of FIBK and has an economic interest in the securities' price.
HoldCo said it does not intend to pursue a proxy contest at the 2026 Annual Meeting and expects to be long‑term shareholders, while actively monitoring the company's capital allocation. HoldCo warned it may pursue a proxy contest or advocate for a sale if the Board acts contrary to shareholder interests.
Positive
- $2.6 billion regulatory assets under management
- HoldCo committed to be long‑term shareholders for several years
- No proxy contest planned for the 2026 Annual Meeting
Negative
- HoldCo reserves right to pursue a proxy contest if dissatisfied
- HoldCo may advocate for a sale if Board actions harm shareholders
News Market Reaction 1 Alert
On the day this news was published, FIBK declined 1.27%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
The presentation may be found at the following link:
In the presentation, HoldCo disclosed that it owns common stock of First Interstate BancSystem, Inc. (NASDAQ Global Select Market: FIBK) and consequently has an economic interest in the price of these securities.
"In light of the recent concessions the Board and management made, HoldCo does not intend to pursue a proxy contest at the 2026 Annual Meeting," said Misha Zaitzeff, Co-CIO of HoldCo. "We expect to be long-term shareholders for the next several years, and will be actively monitoring the company's actions and capital allocation decisions."
Added Vik Ghei, co-CIO of HoldCo, "If the Board pursues actions inconsistent with our expectations and/or to the detriment of shareholders, we will not hesitate to take any action that we deem necessary to protect the rights of shareholders and drive value, including the potential pursuit of a proxy contest and/or advocating for a sale of the company."
About HoldCo Asset Management, LP
HoldCo Asset Management, LP is an investment adviser located in
Disclaimer
As of the publication date of this report, a fund managed by HoldCo has a long position in First Interstate BancSystem, Inc. through ownership of its common stock. HoldCo may change its views about its investment positions in First Interstate BancSystem, Inc. at any time, for any reason or no reason, and at any time may change the form or substance of any of its related or unrelated investment positions. If it does so, it will not be under obligation to inform anyone and does not intend to do so unless required by law.
All content in this press release and referenced presentation represent the opinions of HoldCo and are for discussion and general information purposes only. HoldCo has obtained all information herein from publicly available sources, and such information is presented "as is," without warranty of any kind whether express or implied. All data and other information are not warranted as to completeness or accuracy and reflect HoldCo's views as of this date, all of which are accordingly subject to change without notice.
This document is not intended to be, nor should it be construed as, a marketing or solicitation vehicle for HoldCo or any fund managed by HoldCo, and it is not investment advice, an investment recommendation, or an offer to buy or sell or the solicitation of an offer to buy or sell any securities, including without limitation any interests in a fund managed by and/or associated with HoldCo. Any offer or solicitation may only be made pursuant to a private placement memorandum, agreement of limited partnership, or similar or related documents, which will only be provided to qualified offerees and should be reviewed carefully and in their entirety by any such offerees prior to making or considering a decision to invest in any HoldCo managed fund.
The information contained in this document may include, or incorporate by reference, forward-looking statements, which would include any statements that are not statements of historical fact. These forward-looking statements may turn out to be wrong and can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors. There can be no assurance that forward-looking statements will materialize or that actual results will not be materially different than those presented.
View original content to download multimedia:https://www.prnewswire.com/news-releases/holdco-asset-management-releases-presentation-to-first-interstate-bancsystem-inc-302607259.html
SOURCE HOLDCO ASSET MANAGEMENT
FAQ
What did HoldCo announce to First Interstate BancSystem (FIBK) on November 6, 2025?
Does HoldCo plan to launch a proxy contest against FIBK at the 2026 Annual Meeting?
How large are HoldCo's assets under management disclosed in the FIBK presentation?
What actions might HoldCo take if FIBK's Board acts against shareholder interests?
Will HoldCo remain an investor in FIBK after November 6, 2025?
Where can investors find HoldCo's presentation to FIBK dated November 6, 2025?
