DFAN14A 1 v341844_dfan14a.htm DFAN14A

  

SCHEDULE 14A

(RULE 14A-101)

 

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

 

PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE

SECURITIES EXCHANGE ACT OF 1934

(Amendment No. )

 

 

Filed by the registrant ¨

 

Filed by a party other than the registrant x

 

Check the appropriate box:

 

¨ Preliminary proxy statement.

 

¨ Confidential, for use of the Commission only (as permitted by Rule 14a-6(e)(2)).

 

¨ Definitive proxy statement.

 

x Definitive additional materials.

 

¨ Soliciting material under Rule 14a-12.

 

HARVARD ILLINOIS BANCORP, INC.

--------------------------------------------------------------

(Name of Registrant as Specified in its Charter)

 

STILWELL VALUE PARTNERS II, L.P.

STILWELL VALUE PARTNERS VII, L.P.

STILWELL PARTNERS, L.P.

STILWELL VALUE LLC

JOSEPH STILWELL

MARK S. SALADIN

SCOTT RIPKEY

--------------------------------------------------------------------------------

(Name of Person(s) Filing Proxy Statement if Other Than the Registrant)

 

 

 
 

 

Payment of filing fee (check the appropriate box):

 

x No fee required.

 

¨ Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

 

(1) Title of each class of securities to which transaction applies:

 

(2) Aggregate number of securities to which transaction applies:

 

(3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):

 

(4) Proposed maximum aggregate value of transaction:

 

(5) Total fee paid:

 

¨ Fee paid previously with preliminary materials.

 

¨ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing.

 

(1) Amount Previously Paid:

 

(2) Form, Schedule or Registration Statement No.:

 

(3) Filing Party:

 

(4) Date Filed:

 

 
 

 

 

 

The Stilwell Group

111 Broadway, 12th Floor

New York, NY 10006

(212) 269-1551

INFO@STILWELLGROUP.COM

 

April 18, 2013

 

Dear Fellow Shareholder,

 

We believe the HARI Board needs strong-minded, independent directors who will act in the best interest of public shareholders, the owners of the Company. With our opportunity to run for one of seven board seats, we are asking for your support to add a fresh perspective to the current Board.

 

We have nominated Mark Saladin because he is committed to representing the shareholders and to maximizing shareholder value. Mark, a partner at the Woodstock law firm of Zanck, Coen, Wright & Saladin, P.C., is an accomplished, active member of the McHenry community. He serves as a director on the boards of the City Council of Woodstock and the McHenry County Youth Sports Association (MCYSA). We believe Mark will be a valuable addition to the HARI Board by working productively with the other directors to achieve positive results while contributing an outside viewpoint.

 

HARI’s Board and Management have been unable to generate returns that we consider sufficient for HARI to remain an independent company. Therefore, we believe HARI should sell to a better-run community bank. Mark Saladin shares our belief that this is the best way to maximize shareholder value.

 

 

 

Sincerely, 

 

Joseph Stilwell