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Pasadena-Based Green Dot and Harvest Capital Announce Advisory Arrangement

Published on Monday, March 13, 2017 | 1:57 pm
 

Green Dot Corporation and Harvest Capital Strategies LLC today announced that the Company has invited Jeffrey B. Osher to serve as an observer and advisor to the Company’s Board of Directors (the “Board”). Mr. Osher is a Managing Director of Harvest, one of the Company’s largest long-term shareholders.

“With Steve’s leadership and operational, strategic and entrepreneurial accomplishments, combined with Jeff’s experience as a long-term investor in and knowledge of our company, I am confident that we will be well positioned to further expand Green Dot’s terrific equity performance over the past year and generate very positive future results,” said William I. Jacobs, Green Dot’s independent Chairman.

Steven W. Streit, Green Dot’s Founder, Director and CEO, commented, “We are excited to invite Jeff to serve as an advisor to our Board. Jeff’s firm, Harvest, and I, personally, are among the Company’s largest shareholders, and I expect our financial alignment will further serve to enhance the Company’s significant progress over the past year. I am truly excited for us all to work together in maximizing Green Dot’s future prospects and building even greater long term value for all of our fellow Green Dot shareholders.”

Jeffrey B. Osher said, “Guided by Steve’s successful leadership and strategic vision, Green Dot has done an outstanding job methodically executing against its Six-Step Plan. The solid financial performance has resulted in market leading shareholder value creation over the past year. Steve and his entire team should be gratified by their notable accomplishments, and I believe Green Dot’s future is as bright as ever. I am delighted to have the opportunity to work with Steve, Bill, and the entire Board, and I am eager to help play a part as Green Dot continues to deliver on its mission of building a great business that creates meaningful shareholder value.”

Mr. Osher joined Harvest Capital Strategies LLC in August 2002 and is the Managing Director and Portfolio Manager. Since January 2016, Mr. Osher has served on the Board of Directors of the SEAL Family Foundation. Mr. Osher holds a B.A. in Political Science and History from Miami University of Ohio and is a CFA Charterholder.

 

 

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