Green Dot Names Three New Independent Directors to its Board

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Go back to Green Dot Names Three New Independent Directors to its Board

Green Dot (GDOT) Board Expansion Disenfranchises Shareholders - Harvest Capital

April 13, 2016 1:04 PM EDT

Harvest Capital Strategies LLC , one of the largest shareholders of Green Dot Corporation (NYSE: GDOT), with beneficial ownership of approximately 9.4% of the outstanding common stock of the Company, issued a statement today in response to Green Dot's announcement on April 11, 2016 that it has expanded the Green Dot Board and unilaterally appointed three new directors who are not standing for election at the Company's 2016 Annual Meeting.

"Harvest Capital was extremely disappointed to learn earlier this week that the Green Dot Board has taken additional actions to entrench itself and management, while simultaneously disenfranchising the... More