BUSINESS BRIEFS
Regions bank holds poster contest

Calling all junior artists! Regions Financial Corp. recently announced that it will be accepting entries to the Regions Charity Classic Junior Poster Contest through Wednesday, April 30. On top of the individual poster contest prize winnings, a total of $34,000 in cash will be awarded to schools throughout the state.

Students must be enrolled in kindergarten through fifth grade to participate. A total of 24 grade level prizes will be awarded to the top poster entrants from each grade level in four regional areas throughout the state. Grade Level prizes include:

$1,000 to winner's school

A technology prize package for winner

$100 savings bond from Regions Bank for winner

The top poster from each grade level will then be entered in the grand prize competition to win $10,000 for the winner's school.

Office Depot stockholders asked to vote no

Office Depot, Inc. recently announced that Institutional Shareholder Services (ISS), an institutional proxy advisory service, recommends that Office Depot stockholders vote to reject the two dissident directors nominated by Alan Levan and his company Woodbridge at this year's Annual Meeting of Stockholders currently scheduled for April 23. ISS cited concerns about the poor performance of Levan's companies and the lack of qualifications of his nominees, and concluded that Levan and his nominees have not proven that they would be better able than Office Depot's management to effect positive changes at Office Depot.

All of the publicly traded companies where Levan is either CEO or Chairman have produced significant negative stockholder returns for the past three years, according to the firm.