CHICAGO--(BUSINESS WIRE)--RMB Capital initiated a proxy solicitation on June 15, 2018 to vote for the Item 4 (Appoint Shareholder Director Nominee Hosomizu, Masakazu) at the 26th Annual General Shareholders’ Meeting of Faith, Inc. (4295 JP) scheduled on June 28, 2018.
As in our press release on June 5, 2018, RMB proposed to nominate Masakazu Hosomizu, a partner of RMB, as an outside director of Faith (a) to monitor the incumbent executive team from the viewpoint of minority shareholders, and (b) to enhance the corporate governance system at Faith.
However, the board of directors at Faith refused RMB’s proposal without going through proper processes, such as interviewing the nominee, and opposed RMB’s proposal without any logical reason in its proxy letter to the shareholders. Given the situation, RMB decided to initiate proxy solicitation to support our board nominee. RMB intends to be a long-term shareholder of Faith to improve the firm’s corporate governance regardless of the outcome of the shareholders’ meeting.
About RMB Capital
Headquartered in Chicago, RMB Capital is an independent investment and advisory firm that serves high-net-worth individuals and families as well as institutional investors. Its businesses include wealth management, family office services, asset management, and retirement plan consulting. Its asset management business specializes in long-term, concentrated, active investing strategies with coverage that spans the market-cap spectrum and the globe. To learn more about RMB, visit www.rmbcap.com.