-----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, VrZC0Zefeqz9690DQ9N6XqvQkj2E7tGXTHtTdprPZXb3MIq15yLPc6F9TG4arzI8 06RoAu8go6a3MZrsbIGKsA== 0000910680-97-000178.txt : 19970526 0000910680-97-000178.hdr.sgml : 19970526 ACCESSION NUMBER: 0000910680-97-000178 CONFORMED SUBMISSION TYPE: DEFR14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970523 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOLT INFORMATION SCIENCES INC CENTRAL INDEX KEY: 0000103872 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] IRS NUMBER: 135658129 STATE OF INCORPORATION: NY FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: DEFR14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-09232 FILM NUMBER: 97613775 BUSINESS ADDRESS: STREET 1: 1221 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 2127042400 MAIL ADDRESS: STREET 1: 1133 6TH AVENUE STREET 2: 24H FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: VOLT TECHNICAL CORP DATE OF NAME CHANGE: 19680913 DEFR14A 1 PROXY STATEMENT - REVISED PAGE 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 the 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 Pursuant to s240.14a-11(c) or s240.14a-12 Volt Information Sciences, Inc. (Name of Registrant as Specified in Its Charter) ------------------------------------------------------------------ (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: VOLT INFORMATION SCIENCES, INC. VIS 1221 Avenue of the Americas New York, New York 10020-1579 (212) 704-2400 May 23, 1997 Dear Shareholder: Enclosed is a corrected page 6 to the Company's Proxy Statement dated May 20, 1997 being used in connection with the solicitation of Proxies by management for use at the Company's 1997 Annual Meeting of Shareholders to be held on June 16, 1997. Due to a computer error at the offices of our counsel, the year column set forth in the "Summary Compensation Table" on page 6 the Proxy Statement as previously forwarded to you erroneously reflected incorrect dates. We apologize for any inconvenience this may have caused you. Very truly yours, VOLT INFORMATION SCIENCES, INC. EXECUTIVE REMUNERATION Summary Compensation Table The following table sets forth information concerning the compensation during the fiscal years ended November 1, 1996, November 3, 1995 and October 28, 1994 of the Company's Chief Executive Officer and each of the four other executive officers of the Company who received the highest cash compensation during the year ended November 1, 1996 for services rendered in all capacities to the Company and its subsidiaries: Long-Term Compensation ------------ Annual Compensation Securities Underlying All Other Principal Position Year Salary (1) Bonus Options (2) Compensation (3) - ------------------ ---- ---------- ----- ----------- ---------------- William Shaw, 1996 $355,000 -- 39,000 $1,707 President and 1995 348,365 -- -- 1,631 Chief Executive Officer 1994 330,000 -- -- 1,571 Jerome Shaw, 1996 355,000 -- 39,000 1,707 Executive Vice President 1995 348,365 -- -- 1,894 1994 330,000 -- -- 1,571 James J. Groberg, 1996 248,462 $65,000 23,000 1,349 Senior Vice President and 1995 240,528 15,000 -- 1,651 Chief Financial Officer 1994 219,603 15,000 -- 1,260 Irwin B. Robins, 1996 220,155 10,000 23,000 1,468 Senior Vice President 1995 214,135 10,000 -- 1,907 1994 202,500 5,000 -- 1,452 Howard B. Weinreich, 1996 161,589 7,500 9,000 1,349 General Counsel 1995 154,915 7,500 -- 1,781 1994 145,167 5,000 -- 1,051 - -------------------------------------
(1) Includes compensation deferred under the Company's deferred compensation plan and under Section 401(k) of the Internal Revenue Code of 1986, as amended. (2) In addition to options to purchase shares of the Company's Common Stock, includes options to purchase the following number of shares of Common Stock of the Company's 59% - owned subsidiary, Autologic Information International, Inc. ("Autologic"): William Shaw, 9,000 shares; Jerome Shaw, 9,000 shares; James J. Groberg, 5,000 shares; Irwin B. Robins, 5,000 shares; and Howard B. Weinreich, 3,000 shares. See "Option Grants in Fiscal Year", below. (3) Amounts in fiscal 1996 include premiums under the Company's group life insurance policy ($716 for William Shaw; $716 for Jerome Shaw; $716 for James J. Groberg; $477 for Irwin B. Robins; and $358 for Howard B. Weinreich) and the market value at the date of contribution of the portion of the shares of Common Stock contributed by the Company under its Employee Stock Ownership Plan ($987 for each of the named executive officers), together with the market value at fiscal year-end of the portion of the shares forfeited by terminated employees under such plan ($5 for each of the named executive officers), which were allocated during fiscal 1997 with respect to fiscal 1996 to the named officers in accordance with such plan.
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