Getting your player ready...
Centennial Bank Holdings has amended its proxy to include a proposal from shareholder advocate Jerry Armstrong requesting that an outside adviser be hired to look at options for increasing value, potentially including a liquidation.
Armstrong argues the parent of Guaranty Bank & Trust has failed to create positive earnings and pay a dividend and has performed below its peers.
Centennial’s board urges a no vote, saying the bank’s stock has outperformed since November and that management has reduced the bank’s credit risk.
