DFAN14A 1 slp4a.txt ADDITIONAL PROXY MATERIALS SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 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 / / Definitive Additional Materials /x/ Soliciting Material Pursuant to ss. 240a-12 WELLS FINANCIAL CORP. (Name of Registrant as Specified in Its Charter) FINANCIAL EDGE FUND, LP PL CAPITAL, LLC FINANCIAL EDGE/STRATEGIC FUND, LP JOHN PALMER RICHARD LASHLEY GARY PIHLSTROM (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 0-11: (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 as provided by Exchange Act Rule 0-11(a)(2) and identify 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 No.: (3) Filing Party: (4) Date Filed: Contact: Rick Grubaugh MalCon Proxy Advisors, Inc. 130 William Street New York, NY 10038 212-619-4565 rgrubaugh@malconproxy.com LEADING INDEPENDENT PROXY ANALYSIS FIRM RECOMMENDS THAT SHAREHOLDERS OF WELLS FINANCIAL CORP. (WEFC) VOTE FOR THE PL CAPITAL GROUP BOARD CANDIDATE The PL Capital Group is pleased to announce that the leading independent proxy analysis firm, Institutional Shareholder Services (ISS), issued a 12 page report on April 4th, which recommended that shareholders of Wells Financial Corp. (symbol:WEFC) should vote for Mr. Gary Pihlstrom, the PL Capital Group's candidate for Wells Financial's Board of Directors, and against the Board candidates nominated by the management of Wells Financial. ISS's recommendation was based upon interviews with the management of Wells, and the PL Capital Group, as well a review of public filings and other relevant information. ISS's report concluded, "Shareholders would be best served by electing the dissident nominee [Mr. Gary Pihlstrom] to Wells Financial board." ISS is widely recognized as one of the leading independent proxy analysis firms in the country. Their work is relied upon by hundreds of major institutional investment firms throughout the country. Wells Financial's Annual Meeting is scheduled for April 18th.