On April 4, 2019, Stilwell Value announced that it informed management at a meeting on January 5, 2018, and reiterated several times throughout the year, that if the Company did not repurchase 10% of its shares in 2018, it would seek board representation. Stilwell Value stated that they did not do so. Stilwell Value added that it intends to gain board representation and work to maximize shareholder value at the Company.