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SOURCE The Argyros Family Trust
COSTA MESA, Calif., Feb. 19, 2014 /PRNewswire/ -- DST's largest stockholder, the Argyros Family Trust and its affiliates, have nominated two independent, highly-qualified candidates for election to the Board of Directors of DST Systems, Inc. (NYSE:DST), and intend to present a series of governance-related stockholder proposals at the 2014 Annual Meeting. These actions are a part of the Argyros Family Trust's re-evaluation of its investment in the Company and are intended to maximize value for each and every stockholder. While we are encouraged to hear that the Company will be including our proposals in their proxy statement, we hope that the Board will recommend these important corporate governance changes and we look forward to seeing these proposals implemented.
"Let us be very clear - our board nominations and governance proposals are put forth in an effort to help the Company realize its full potential by unlocking unrealized value," said Julia Argyros, sole trustee of the Argyros Family Trust. "DST's response to our actions to strengthen stockholder rights is indicative of a company content with its outdated and inadequate system of corporate governance. Adopting these logical reforms will bring DST's corporate governance standards up to modern-day best practices."
A few key points to consider:
"As the Company's largest stockholder, our interests are aligned with the interests of every other stockholder," continued Ms. Argyros. "Our governance proposals will provide for greater management and board accountability by bringing the Company into the 21st Century."
For further information contact:
Thomas Ball / Ronald Knox / John Ferguson
Morrow & Co., LLC
Steve Lipin / Lin-Hua Wu
Brunswick Group LLC
 Credit Suisse research report, February 12, 2014. (Consent to cite or quote Credit Suisse was neither sought nor obtained.)
CERTAIN INFORMATION CONCERNING THE PARTICIPANTS
The Argyros Family Trust, together with the other participants named herein ("Argyros"), intends to file a preliminary proxy statement and accompanying proxy card with the U.S. Securities and Exchange Commission ("SEC") to be used to solicit votes for the election of its slate of two highly-qualified director nominees and a series of corporate governance proposals at the 2014 annual meeting of stockholders of DST Systems, Inc., a Delaware corporation ("DST").
ARGYROS ADVISES ALL DST STOCKHOLDERS TO READ THE ARGYROS PROXY STATEMENT AND OTHER PROXY MATERIALS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Such proxy materials will be available at no charge on the SEC's website at http://www.sec.gov. In addition, the participants in this proxy solicitation will provide copies of the proxy statement without charge, when available, upon request. Requests for copies should be directed to the participants' proxy solicitor, Morrow & Co.
The participants in the proxy solicitation are the Argyros Family Trust, the Argyros Family Foundation, a charitable foundation, HBI Financial, Inc., a Washington corporation, GLA Financial Corporation, a California corporation, the Lenore Trigonis Trust Established under the Leon and Olga Argyros 1986 Trust, the Selia Poulos Trust Established under the Leon and Olga Argyros 1986 Trust, Julia A. Argyros, George L. Argyros, Brent L. Law, John W. Clark, and Janet E. Kerr (collectively, the "Participants").
For a description of the Participants' interests in the solicitation, see the press release issued and filed as an exhibit to the Schedule 13D filed by certain Participants on February 12, 2014. Updated information regarding the Participants in the solicitation and a description of their direct and indirect interests, by security holdings or otherwise, to the extent applicable, will be available in the preliminary proxy statement expected to be filed with the SEC in the near future.
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