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ASB Bancorp Inc (ASBB): Activist Lawrence Seidman Gets Involved

Activist investor Lawrence Seidman filed an amendment to his 13D filing regarding ASB Bancorp (NASDAQ:ASBB). “On February 16, 2016, the Board of Directors of the Issuer voted to expand the size of the Board for the Issuer and the Bank to eleven directors and approved the appointment of two new directors, Mr. Lawrence B. Seidman and Mr. Kenneth J. Wrench.  Following receipt of regulatory approval, these Board appointments became effective on February 26, 2016,” Seidman explained the reason for the amendment.

You can find the details of the filing below:

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Seidman and Associates 57,050 57,050 57,050 1.43%
Seidman Investment Partnership 35,074 35,074 35,074 0.88%
Seidman Investment Partnership II 56,148 56,148 56,148 1.41%
Seidman Investment Partnership III 10,056 10,056 10,056 0.25%
LSBK06-08 28,213 28,213 28,213 0.71%
Broad Park Investors 34,857 34,857 34,857 0.88%
Chewy Gooey Cookies 715 715 715 0.02%
13,736 13,736 13,736 0.34%
CBPS 28,825 28,825 28,825 0.72%
Veteri Place Corporation 148,260 148,260 148,260 3.72%
JBRC I 10,056 10,056 10,056 0.25%
Lawrence B. Seidman 265,674 265,674 265,674 6.67%

Page 1 of 24 SEC Filing

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