SAN FRANCISCO, May 23, 2016 /PRNewswire/ -- Harvest Capital Strategies LLC (together with its affiliates, "Harvest"), one of the largest shareholders of Green Dot Corporation ("Green Dot" or the "Company") (NYSE: GDOT), with beneficial ownership of approximately 9.3% of the outstanding common stock of the Company, today announced that, based on the preliminary voting results provided by its proxy solicitor, Okapi Partners LLC, two of Harvest's nominees, Saturnino Fanlo and George W. Gresham, have been elected to Green Dot's Board of Directors at today's Annual Meeting of Shareholders. Certification of the final results by the independent inspectors of elections, IVS Associates, is expected to be completed in the coming days.
Jeff Osher, Managing Director of Harvest Capital Strategies LLC, stated, "We want to thank our fellow shareholders for their tremendous support of our campaign for change at Green Dot. The fact that unaffiliated shareholders overwhelmingly supported Harvest's director nominees provides a powerful message that we hope the Board will respect. With the election of George Gresham and Nino Fanlo, who received more votes than any of the incumbent nominees, as well as the recent additions of Chris Brewster, Bill Jacobs, and Raj Date, we believe an objective assessment of Green Dot's tone at the top should follow."
Osher continued, "We also want to thank Phil Livingston for his service as a director nominee. Looking forward, we are confident that the newly reconstituted Board will listen to the voice of the Company's unaffiliated shareholders and take the necessary steps to create significant shareholder value."
About Harvest Capital Strategies LLC
Harvest Capital Strategies LLC is an investment firm founded in 1999 based in San Francisco.
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SOURCE Harvest Capital Strategies LLC