Territorial Bancorp Inc. Announces Change to a Virtual-Only Format for 2020 Annual Meeting of Stockholders
Rhea-AI Summary
Territorial Bancorp Inc. (NASDAQ: TBNK) announced a shift to a virtual format for its 2020 Annual Meeting of Stockholders, scheduled for June 11, 2020, at 8:30 a.m. Hawaii Standard Time. This decision was made to ensure the health and safety of participants amid the ongoing COVID-19 pandemic. Stockholders of record by March 13, 2020, can access the meeting online. The Proxy Statement and other relevant documents can be found at www.proxyvote.com. The company remains committed to transparency despite the challenges posed by the pandemic.
Positive
- The virtual meeting format allows for broader participation from stockholders.
- No change in the previously announced date and time of the Annual Meeting.
Negative
- The meeting's virtual format may limit personal interaction among stakeholders.
- Potential risks from the COVID-19 pandemic affecting overall business operations.
News Market Reaction – TBNK
On the day this news was published, TBNK gained 5.19%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
HONOLULU, May 19, 2020 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc., (NASDAQ: TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announced today a change in the location of its 2020 Annual Meeting of Stockholders. In the interest of the health and safety of all participants and the community, the Annual Meeting now will be held by remote communication in a virtual-only format. Stockholders will not be able to attend the Annual Meeting in person.
The previously announced date and time of the 2020 Annual Meeting has not changed. Stockholders of record of our common stock at the close of business on March 13, 2020, the record date, can participate in the Annual Meeting via the virtual meeting website below.
The Company’s Proxy Statement, the Notice of the Annual Meeting of Stockholders, the 2019 Annual Report to Stockholders and instructions regarding participation in the live audio webcast are available on the Internet at www.proxyvote.com.
Date: June 11, 2020
Time: 8:30 a.m., Hawaii Standard Time
Access to Virtual Location: www.virtualshareholdermeeting.com/TBNK2020
Certain statements herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as “believes,” “will,” “expects,” “project,” “may,” “could,” “would,” “developments,” “strategic,” “launching,” “opportunities,” “anticipates,” “estimates,” “intends,” “plans,” “targets” and similar expressions. These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to, general economic conditions, changes in interest rates, regulatory considerations, the effects of the COVID-19 pandemic, including the effects of the steps being taken to address the pandemic and their impact on the Company’s market and employees, and competition, as well as the risk factors described in the Company’s annual report on Form 10-K for the year ended December 31, 2019, as filed with the Securities and Exchange Commission, as updated through filings with the Securities and Exchange Commission and other releases issued by the Company from time to time. Should one or more of these risks materialize or should underlying beliefs or assumptions prove incorrect, the Company’s actual results could differ materially from those discussed. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release.
Territorial Savings Bank is a Hawaii state-chartered savings bank that was originally chartered in 1921 by the Territory of Hawaii. Territorial Savings Bank conducts business from its headquarters in Honolulu, Hawaii and has 29 branch offices in the State of Hawaii.
| Contact: | Walter Ida | |
| (808) 946-1400 |
FAQ
What is the date and time of the 2020 Annual Meeting for Territorial Bancorp Inc.?
How can stockholders participate in the Territorial Bancorp Inc. Annual Meeting?
Why is Territorial Bancorp Inc. holding a virtual Annual Meeting?
What documents are available for the Territorial Bancorp Inc. Annual Meeting?
