NORTHWEST EQUITY CORP
8-K, 2000-03-02
SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED
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                                  NEWS RELEASE
FOR IMMEDIATE RELEASE                                   CONTACT: BRIAN L. BEADLE
MARCH 1, 2000                                                      PRESIDENT/CEO
                                                            PHONE:  715 268-7105

         Amery,  WI (March 1, 2000)  Northwest  Equity Corp.  (NASDAQ:nweq)  the
holding   company  of  Northwest   Savings  Bank,  held  a  Special  Meeting  of
Shareholders  on Tuesday,  February 29, 2000, at 2:00 P.M., at 608 Harriman Ave.
S., Amery, Wisconsin, to consider and vote upon the following matters:

         1. To approve and adopt an  Agreement  and Plan of Merger,  dated as of
         February 16, 1999,  as amended  (the "Merger  Agreement")  among Bremer
         Financial  Corporation,  a  Minnesota  corporation  ("Bremer"),  Bremer
         Acquisition  Corporation,  a Wisconsin  corporation and the Company for
         the merger of the Company with and into Bremer Acquisition Corporation.

         2. To adjourn the Special Meeting, to solicit additional votes in favor
         of the  Merger  Agreement  in the  event  that  the  required  vote for
         approval and adoption of the Merger  Agreement has not been obtained by
         the date of the Special Meeting.

         3. In their  discretion,  the proxies are  authorized to vote upon such
         other  business as may properly come before the Special  Meeting or any
         adjournments or postponements thereof.

         The results of the voting were as follows:

         Matter 1. Approval of the Merger Agreement

         1. The affirmative vote of 50 % of the issued and outstanding shares of
Common  Stock is required for the  approval of the Merger  Agreement.  The votes
were as follows:

         617,547 or 74.82% of the issued and outstanding  shares of Common Stock
            voted For;
         6,477 or 0.78% voted Against; and
         1,200 or 0.14% Abstain

The Merger Agreement was approved by the shareholders of the Company.

The closing of the  transaction in accordance with the terms of the agreement is
tentatively scheduled for March 21, 2000.



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