Sterling To Shift Its Fiscal Calendar
Sterling Financial Corp. will align its fiscal year with the calendar year at the end of this month.
The Spokane-based corporation, the holding company for Sterling Savings Association, has ended its fiscal year on June 30 since it was established in 1983.
Chairman Harold Gilkey said the change will benefit investors who analyze financial institutions using calendar year comparisons.
In conjunction with the change, the shareholders meeting scheduled for next October will be moved up to April 23. Shareholder proposals for the proxy statement are due by Jan. 15. Also, financial results for the six-month period that ends Dec. 31 will be filed separately with the SEC. , DataTimes
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