DST Systems, Inc. (NYSE: DST) said it has entered into an agreement with the Argyros Family Trust, together with certain affiliates in connection with the company´s 2014 annual meeting of shareholders.
Under the agreement, DST will nominate Lynn Dorsey Bleil and John W. Clark for election to the board at the company´s annual meeting. The company also expects to enter into a two-step process to help facilitate the disposition of a substantial portion of the Argyros Group´s common stock ownership in DST.
Bleil recently retired as the leader of McKinsey and Company´s West Coast Healthcare Practice and as a leader of the worldwide Healthcare Practice. Clark has served as the managing member of Westar Capital Associates II, LLC, a firm founded by DST director Ambassador George L. Argyros, since 1995. Upon the elections of Bleil and Clark, DST´s Board will be comprised of eight directors, and the company will have added five new independent directors in the past three years.
Headquartered in Kansas City, MO., DST Systems, Inc. is a provider of sophisticated information processing and servicing solutions to companies around the world. For more information, visit www.dstsystems.com.