-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CEbPP2X3TSHCKwSZMqBi9qqEf1NqyLOzYWSp7inmRg4DnJiA7DJuoxEUMSrZ4BH6 PR/JhB9Iu3WQAUGu/9S8oA== 0000950172-02-000790.txt : 20020423 0000950172-02-000790.hdr.sgml : 20020423 ACCESSION NUMBER: 0000950172-02-000790 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020423 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRW INC CENTRAL INDEX KEY: 0000100030 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 340575430 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-02384 FILM NUMBER: 02617729 BUSINESS ADDRESS: STREET 1: 1900 RICHMOND RD CITY: CLEVELAND STATE: OH ZIP: 44124 BUSINESS PHONE: 2162917000 MAIL ADDRESS: STREET 1: 1900 RICHMOND ROAD CITY: CLEVELAND STATE: OH ZIP: 44124 DEFA14A 1 ny405547.txt DEFA 14A SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant |X| Filed by a Party other than the Registrant |_| Check appropriate box: Preliminary Proxy Statement |_| Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |_| Definitive Proxy Statement |X| Definitive Additional Materials |_| Soliciting Material under Rule 14a-12 TRW INC. - ------------------------------------------------------------------------------- (Name of Registrant as Specified in Its Charter) Not Applicable - ------------------------------------------------------------------------------- (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of filing fee (Check the appropriate box): |X| No fee required. |_| Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: |_| Fee paid previously with preliminary materials: |_| Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: The Definitive Additional Materials filed herewith relate both to TRW's Special Meeting of Shareholders scheduled for May 3, 2002 and to TRW's Annual Meeting of Shareholders scheduled for April 24, 2002. TRW's proxy statement for the Special Meeting of Shareholders was filed on April 2, 2002 on Schedule 14A and TRW's proxy statement for the Annual Meeting of Shareholders was filed on March 4, 2002 on Schedule 14A. News Release TRW Inc. [TRW Logo] 1900 Richmond Road Cleveland, OH 44124 For Immediate Release Contact Judy Wilkinson or Barrett Godsey Joele Frank, Wilkinson Brimmer Katcher 212-355-4449 Jay McCaffrey, TRW Media 216-291-7179 Ron Vargo, TRW Investors 216-291-7506 TRW SENDS LETTER TO NORTHROP GRUMMAN Terms Of Confidentiality Agreement Are Appropriate Other Participant Has Signed Confidentiality Agreement CLEVELAND, April 22, 2002 - TRW Inc. (NYSE: TRW) today sent the following letter to Northrop Grumman Corporation (NYSE: NOC): April 22, 2002 W. Burks Terry Corporate Vice President and General Counsel Northrop Grumman Corporation 1840 Century Park East Los Angeles, CA 90067-2199 Re: Confidentiality Agreement Dear Mr. Terry: We are deeply disappointed that Northrop Grumman has chosen to negotiate the terms of our confidentiality agreement in the press. Let me set the record straight. TRW is prepared to provide Northrop with access to the same information as it provides to other parties. The confidentiality agreement sent to all interested parties is designed to enable TRW to conduct a process that delivers to TRW shareholders the full value that they deserve from their investment. A confidentiality agreement has already been signed by a participant who will begin receiving information shortly. Northrop has asserted that it wants to proceed with a negotiated transaction, yet has simultaneously insisted on maintaining full flexibility to pursue its hostile offer. Contrary to Northrop's protest, a standstill provision is perfectly appropriate under these circumstances. The integrity of our process is underscored by the fact that our confidentiality agreement did not seek to require Northrop to withdraw its offer or to preclude Northrop from continuing to solicit proxies at TRW's Annual or Special Meetings of Shareholders. Northrop's rhetoric is merely its latest attempt to influence shareholder votes at our Annual Meeting on Wednesday and to exert pressure on TRW's Board for the purpose of forcing an inadequate offer on TRW's shareholders. TRW's Board of Directors has been clear all along - this is all about shareholder value. Unlike Northrop, we have a responsibility to act in the best interests of TRW shareholders. We are working to ensure that TRW shareholders receive the value that is rightfully theirs and Northrop does not have the right to define the playing field. TRW's Board of Directors has clearly demonstrated that it is willing to do what it takes to enhance shareholder value and our Board will continue to do so, regardless of Northrop's pressure tactics. If Northrop is sincerely interested in accessing information and participating in a process that will give Northrop a real opportunity to make its best offer for TRW, TRW is more than happy to accommodate Northrop. Sincerely, /s/ William B. Lawrence Executive Vice President, General Counsel and Secretary TRW provides advanced-technology products and services for the aerospace, systems, and automotive markets. # # # -----END PRIVACY-ENHANCED MESSAGE-----