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Stock Market & Financial Investment News

News Breaks
May 9, 2014
06:09 EDTDSTDST Systems 5.357M share Secondary priced at $84.00
BofA/Merrill and Morgan Stanley acted as joint book running managers for the offering.
News For DST From The Last 14 Days
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October 30, 2014
07:04 EDTDSTDST Systems announces proposed governance changes
DST Systems' Board of Directors approved two amendments to the company's Charter. One amendment would eliminate cumulative voting in director elections and the other amendment would declassify the Board. In addition, the Board adopted an amendment to the company's Amended and Restated Bylaws to implement a majority voting standard for uncontested director elections and a related amendment to the company's Corporate Governance Guidelines to adopt a director resignation policy for directors who fail to receive a majority vote in an uncontested election. These changes are conditioned upon stockholder approval of the Charter amendment to eliminate cumulative voting. The Charter amendments to eliminate cumulative voting and to declassify the Board will be submitted to the company's stockholders for approval at the 2015 annual meeting of stockholders. When fully implemented, Board declassification will permit the company's stockholders to vote annually for all directors. The elimination of cumulative voting and the majority voting standard for uncontested director elections would apply to director elections beginning at the 2016 annual meeting of stockholders.

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