Core Viewpoint - HoldCo Asset Management has expressed its intention to remain a long-term shareholder of First Interstate BancSystem, Inc. and will actively monitor the company's actions and capital allocation decisions following recent concessions made by the Board and management [2]. Group 1: Company Overview - HoldCo Asset Management, LP is an investment adviser based in Fort Lauderdale, Florida, managing approximately $2.6 billion in regulatory assets [3]. - The firm was founded by Vik Ghei and Misha Zaitzeff [3]. Group 2: Shareholder Actions - HoldCo disclosed ownership of common stock in First Interstate BancSystem, indicating an economic interest in the company's securities [1]. - The firm does not plan to pursue a proxy contest at the 2026 Annual Meeting due to recent concessions from the Board and management [2]. - However, HoldCo has stated that it will take necessary actions to protect shareholder rights and drive value if the Board's actions are inconsistent with their expectations [2].
HOLDCO ASSET MANAGEMENT RELEASES PRESENTATION TO FIRST INTERSTATE BANCSYSTEM, INC. - First Interstate BancSys (NASDAQ:FIBK)