- Additional Proxy Soliciting Materials (definitive) (DEFA14A)
June 09 2010 - 11:31AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the Registrant
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Filed by a Party other than the Registrant
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Check the appropriate box:
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Preliminary Proxy Statement
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-
6(e)(2)
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material Pursuant to §240.14a-12
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First Franklin Corporation
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
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No fee required.
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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(1)
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Title of each class of securities to which transaction applies:
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Aggregate number of securities to which transaction applies:
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(3)
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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):
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Total fee paid:
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Fee paid previously with preliminary materials.
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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.
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(1)
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Amount Previously Paid:
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Form, Schedule or Registration Statement No.:
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Date Filed:
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4750 Ashwood Drive
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Cincinnati, OH 45241
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T: 513.469.5352
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F: 513.469.5360
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FOR IMMEDIATE RELEASE:
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CONTACT:
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June 9, 2010
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Jack Kuntz
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513.469.8000
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Independent Proxy Advisor Endorses Siemers and Kuntz for Re-election to First Franklin Board
Lenox Withdraws Half of Its Slate
Cincinnati, OH (June 9, 2010)
— John J. Kuntz, Chairman, President and CEO of First Franklin
Corporation (NASDAQ: FFHS) and Chairman of Franklin Savings and Loan Company, today announced that
the nationally recognized proxy advisory firm of Glass, Lewis & Co. recommended votes for Thomas
Siemers and John Kuntz, First Franklin’s board nominees, for election at the company’s June 14,
2010 annual meeting. Kuntz also acknowledged receipt of a letter from the dissident shareholder
withdrawing one of two candidates they had nominated.
According to Kuntz, “Glass, Lewis & Co. got it right. We appreciate their expert and independent
review. They endorsed our board’s recommendation that Tom Siemers and I be re-elected. They
concluded, as have we, that the other nominees have not shown that they are better qualified to
replace us
or
that they could create better value for our shareholders. Importantly,
Glass, Lewis & Co. reported that they did not believe First Franklin has underperformed its peers.”
Kuntz added, “In addition, we learned yesterday —
six days before our annual meeting of
shareholders
— Lenox Wealth Management withdrew one of its two board nominees (Jason D. Long).
This unusual step comes on the heels of our revelation that the Lenox proxy solicitation appeared
to be in violation of federal banking regulations and the release of a report by another proxy
advisory firm advising against a vote for Mr. Long. It’s the bottom of the ninth and they pulled
half of their team! It’s incredibly irresponsible of Lenox, less than a week before the annual
meeting, to effectively disenfranchise the shareholders who may have wasted one of their votes on
Mr. Long.”
Kuntz concluded, “First Franklin is headed in the right direction. An independent proxy advisory
firm recognized this and endorsed our board’s nominees. The First Franklin Board and management
team are fully engaged to restore dividend payments as quickly as possible and maintain our
commitment to providing long term value to our stockholders.”
# # #
About First Franklin Corporation:
First Franklin Corporation is a savings and loan holding company
that was incorporated under the laws of the State of Delaware in September 1987. It owns all of
the outstanding common stock of The Franklin Savings and Loan Company. Additional information
about First Franklin and Franklin Savings can be found on the company’s Web site:
www.franklinsavings.com
.
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