-----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, DMDxOMt9tgG7xVr9zu7/sANsIkfxXHxVozJM85aQAtcqg7+z8ID/rKiPTBeAoKwH sb97k+z8DgyGDSKBFnN/rg== 0001047469-99-029760.txt : 19990805 0001047469-99-029760.hdr.sgml : 19990805 ACCESSION NUMBER: 0001047469-99-029760 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990804 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUROFLOW INC CENTRAL INDEX KEY: 0000100591 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC [3569] IRS NUMBER: 131947195 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: SEC FILE NUMBER: 000-05622 FILM NUMBER: 99677958 BUSINESS ADDRESS: STREET 1: 16559 SATICOY STREET CITY: VAN NUYS STATE: CA ZIP: 91406 BUSINESS PHONE: 8187561388 MAIL ADDRESS: STREET 1: 16559 SATICOY STREET CITY: VAN NUYS STATE: CA ZIP: 91406 FORMER COMPANY: FORMER CONFORMED NAME: ULTRA DYNAMICS CORP DATE OF NAME CHANGE: 19830522 DEFA14A 1 DEFA14A SCHEDULE 14A INFORMATION PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 [AMENDMENT NO.........] Filed by the Registrant /X/ Filed by a Party other than the Registrant / / Check the appropriate box: / / Preliminary Proxy Statement / / Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) / / Definitive Proxy Statement / / Definitive Additional Materials /X/ Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12 PUROFLOW INCORPORATED - -------------------------------------------------------------------------------- (Name of Registrant as Specified In Its Charter) PUROFLOW INCORPORATED REUBEN M. SIWEK, ESQ. MICHAEL H. FIGOFF ROBERT A. SMITH DR. TRACY KENT PUGMIRE - -------------------------------------------------------------------------------- (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: ---------------------------------------------------------- PUROFLOW INCORPORATED 16559 SATICOY STREET VAN NUYS, CALIFORNIA 91406 August 4, 1999 VIA FACSIMILE AND CERTIFIED MAIL, RETURN RECEIPT REQUESTED Steel Partners, L.L.C. 150 East 52nd Street 21st Floor New York, New York 10022 Attn: Warren G. Lichtenstein Re: Puroflow Incorporated --------------------- Gentlemen: In an effort to resolve the issues and expenses of a proxy contest, we want to give you the opportunity to consider a modified offer with respect to a settlement of our proxy contest. Though modified in certain respects, this offer is substantially similar to the offer you previously rejected. We request that you consider accepting our modified offer so that we may work together to determine what is in the best interests of Puroflow and all its stockholders. The terms of our modified offer are as follows: 1. Steel Partners receives three seats on an expanded seven member Board of Directors; 2. Steel Partners agrees not to seek, directly or indirectly, to gain control of Puroflow through a proxy contest or otherwise, for a period of 18 months beginning on the date all parties enter into a formal settlement agreement concerning all of the terms of this offer; 3. All litigation between us and the other plaintiffs and defendants is to be terminated, with appropriate releases of all parties; and 4. Puroflow reimburses Steel Partners for documented expenses up to $50,000 (the amount which you have indicated you have spent to date). Even though you rejected our prior offer, we will keep this modified offer open for you to accept until 5:00 p.m., Eastern time, Wednesday, August 11, 1999. We urge you to accept our modified offer by that date so that the interests of all stockholders can be protected. If you would like to discuss our offer, please feel free to contact Daniel Burch of our proxy solicitor, MacKenzie Partners, at (212) 929-5500. Very truly yours, /s/ Reuben M. Siwek Reuben M. Siwek Chairman of the Board of Directors -----END PRIVACY-ENHANCED MESSAGE-----