Hedge funds cut NFLX, keep big bets on MSFT, AMZN, add NVDA
BankFinancial Corporation (NASDAQ:BFIN), a $146 million market cap financial institution trading at a P/E ratio of 32.6, reported Wednesday that its proxy statement for the 2025 Annual Meeting of stockholders omitted the fact that Director Glen Wherfel was a member of the company’s Audit Committee as of December 31, 2024, and continuing until the 2025 Annual Meeting. The company clarified that Mr. Wherfel is retiring from board service effective at the 2025 Annual Meeting.
Currently, the Audit Committee is composed of John M. Hausmann, C.P.A., Chairman, Terry R. Wells, and Glen R. Wherfel, C.P.A. All three are independent directors under Nasdaq and Securities and Exchange Commission regulations, according to the company. InvestingPro data shows BFIN has maintained dividend payments for 20 consecutive years, currently offering a 3.42% yield.
BankFinancial stated that its Board of Directors will appoint a replacement for Mr. Wherfel upon his retirement. The company said this will ensure that at least three independent directors constitute the Audit Committee, consistent with its historical practices and applicable listing requirements.
This information is based on a statement included in a filing with the Securities and Exchange Commission.
In other recent news, BankFinancial Corporation has announced its financial results for the first quarter, ending March 31, 2025, through its Quarterly Report on Form 10-Q. The report, accompanied by a Quarterly Financial and Statistical Supplement, offers detailed insights into the company’s financial performance over the past five quarters. Alongside these financial disclosures, BankFinancial’s Board of Directors declared a cash dividend of $0.10 per common share. The dividend is scheduled for payment on May 23, 2025, to shareholders recorded by May 9, 2025. These announcements are part of the company’s routine financial reporting and dividend distribution practices. BankFinancial has also issued cautionary statements regarding forward-looking information, advising investors to consider potential risks detailed in its recent SEC filings. The company has made these filings accessible to the public on both the SEC’s and its own website. Investors are encouraged to review these documents for a comprehensive understanding of BankFinancial’s financial health and future outlook.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.