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|Regional Management Corp. Acknowledges Filing by Basswood Capital and Issues Response|
“Regional Management is focused on executing a business strategy that aligns the best interests of the Company and all of its shareholders. The Company regularly engages its shareholders, including Basswood, in open dialogue and welcomes constructive input towards the mutual goal of driving long-term shareholder value. We look forward to continuing to engage with Basswood and the rest of our shareholder base.
“Basswood’s director request will be reviewed by the Company’s Board of Directors, including its Corporate Governance and Nominating Committee, in a manner consistent with the Company’s corporate governance processes and principles. The Corporate Governance and Nominating Committee and the full Board of Directors regularly review the mix of relevant experience, qualifications, and skills of its directors in order to ensure that the Board, as a whole, has the necessary tools to perform its oversight function effectively. Any decisions regarding the structure or composition of the Board will be informed by a careful, thoughtful process to identify director candidates who possess the expertise and perspective necessary to complement the diversity of skills and experience currently possessed by the Company’s existing directors.”
For Regional Management Corp.