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HF Financial shareholder agrees to back company's director nominees
By Lisa Kerner
Charlotte, N.C., Aug. 31 - HF Financial Corp. announced it entered into a standstill agreement with PL Capital, LLC, John W. Palmer, Richard J. Lashley and certain other affiliates.
The agreement follows HF Financial's adoption of a majority voting policy beginning with the company's 2010 annual meeting of stockholders, according to a form 8-K filed with the Securities and Exchange Commission.
PL Capital agreed not to bring any proposals before the 2009 or 2010 annual meetings and agreed to vote its shares for the company's director nominees at both meetings.
HF Financial, based in Sioux Falls, S.D., is the holding company for Home Federal Bank.
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