Cadence Financial elects 12 directors, approves share increaseBy AP
Wednesday, May 26, 2010
Cadence Financial elects directors, ups shares
STARKVILLE, Miss. — Cadence Financial Corp. said Tuesday that shareholders elected 12 company directors and voted to increase the number of company shares.
The vote clears the way for the increase in the number of authorized shares of common stock to 140 million. The directors include the company’s chairman and CEO, Lewis F. Mallory Jr.
Company shares fell 18 cents, or 8.2 percent, to close at $2 each.