HOLDCO ASSET MANAGEMENT RELEASES PRESENTATION TO FIRST INTERSTATE BANCSYSTEM, INC.
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.
HoldCo Asset Management (gestisce circa $2.6 miliardi di AUM regolamentare) ha rilasciato una presentazione a First Interstate BancSystem (NASDAQ: FIBK) intitolata "Respect To The Board" il 6 novembre 2025. HoldCo ha dichiarato di possedere azioni ordinarie di FIBK e di avere un interesse economico nel prezzo dei titoli.
HoldCo ha detto che non intende perseguire una contesa di proxy all'Assemblea Annuale 2026 e prevede di essere azionista a lungo termine, monitorando attivamente l'allocazione di capitale della società. HoldCo ha avvertito che potrebbe perseguire una contestazione di proxy o sostenere una vendita se il Consiglio agisce in contrasto con gli interessi degli azionisti.
HoldCo Asset Management (gestionando aproximadamente $2.6 mil millones en AUM regulatorio) lanzó una presentación a First Interstate BancSystem (NASDAQ: FIBK) titulada "Respect To The Board" el 6 de noviembre de 2025. HoldCo reveló que posee acciones ordinarias de FIBK y tiene un interés económico en el precio de los valores.
HoldCo dijo que no tiene la intención de buscar una contienda de comités en la Reunión Anual de 2026 y espera ser accionista a largo plazo, mientras supervisa activamente la asignación de capital de la empresa. HoldCo advirtió que podría buscar una contienda por proxy o defender una venta si la Junta actúa en contra de los intereses de los accionistas.
HoldCo Asset Management가 규제 AUM 약 $2.6십억를 관리하고 있는 상태에서 First Interstate BancSystem (NASDAQ: FIBK)에 대한 "Respect To The Board"라는 제목의 발표를 2025년 11월 6일에 발표했습니다. HoldCo는 FIBK의 보통주를 보유하고 있으며 증권 가격에 대해 경제적 이해관계를 갖고 있음을 공개했습니다.
HoldCo는 2026년 연례 주주총회에서 의결권 대결을 추구할 의도가 없다고 밝혔으며 회사의 자본 배분을 적극적으로 모니터링하는 한편 장기 주주로 남을 것으로 기대합니다. 또한 이사회가 주주 이익에 반하는 행동을 할 경우 의결권 대결을 추구하거나 매각을 옹호할 수 있음을 경고했습니다.
HoldCo Asset Management (gérant environ $2,6 milliards d'actifs sous gestion réglementaires) a publié une présentation à First Interstate BancSystem (NASDAQ: FIBK) intitulée « Respect To The Board » le 6 novembre 2025. HoldCo a indiqué posséder des actions ordinaires de FIBK et d’avoir un intérêt économique dans le prix des titres.
HoldCo a déclaré qu’il n’a pas l’intention de mener une lutte pour le proxy lors de l’Assemblée annuelle 2026 et prévoit d’être un actionnaire à long terme, tout en surveillant activement l’allocation de capital de la société. HoldCo a averti qu’il pourrait engager une contestation de proxy ou plaider en faveur d’une vente si le Conseil agit de manière contraire aux intérêts des actionnaires.
HoldCo Asset Management (verwaltet ca. $2,6 Milliarden regulativer Vermögenswerte unter Verwaltung) veröffentlichte eine Präsentation bei First Interstate BancSystem (NASDAQ: FIBK) mit dem Titel "Respect To The Board" am 6. November 2025. HoldCo gab bekannt, dass es Aktien von FIBK besitzt und ein wirtschaftliches Interesse am Preis der Wertpapiere hat.
HoldCo sagte, dass es nicht beabsichtigt, eine Proxy-Contest bei der Jahresversammlung 2026 zu verfolgen und erwartet, langfristige Aktionäre zu bleiben, während es die Kapitalallokation des Unternehmens aktiv überwacht. HoldCo warnte, dass es eine Proxy-Contestation verfolgen oder für einen Verkauf eintreten könnte, falls der Vorstand im Widerspruch zu den Interessen der Aktionäre handelt.
HoldCo Asset Management (يدير نحو $2.6 مليار من الأصول الخاضعة للتنظيم) أصدر عرضاً لـ First Interstate BancSystem (NASDAQ: FIBK) بعنوان "Respect To The Board" في 6 نوفمبر 2025. كشفت HoldCo أنها تملك أسهماً عادية في FIBK وأن لها مصلحة اقتصادية في سعر الأوراق المالية.
قالت HoldCo إنها لا تنوي متابعة صراع تفويض تفويض (Proxy) في اجتماع الجمعية العامة لعام 2026 وتتوقع أن تظل مساهمة طويلة الأجل، مع مراقبة تخصيص رأس المال للشركة بنشاط. حذرت HoldCo من أنها قد تلاحق صراع تفويض أو تدافع عن بيع إذا تصرف المجلس بما يخالف مصالح المساهمين.
- $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
- HoldCo reserves right to pursue a proxy contest if dissatisfied
- HoldCo may advocate for a sale if Board actions harm shareholders
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.
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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?
