-----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, RvwTARebXIDSM7jJlFOMLxE+w+o1Rpm1TyBXkszRf8g+XehnYw8BktTe7oUW03eP SAR2fxAbS3AjVUiZfiIkPQ== 0001043432-00-000043.txt : 20001212 0001043432-00-000043.hdr.sgml : 20001212 ACCESSION NUMBER: 0001043432-00-000043 CONFORMED SUBMISSION TYPE: DEFM14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20001211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN SKIING CO /ME CENTRAL INDEX KEY: 0001043432 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 043373730 STATE OF INCORPORATION: DE FISCAL YEAR END: 0730 FILING VALUES: FORM TYPE: DEFM14A SEC ACT: SEC FILE NUMBER: 001-13507 FILM NUMBER: 787186 BUSINESS ADDRESS: STREET 1: P O BOX 450 STREET 2: SUNDAY RIVER ACCESS RD CITY: BETHEL STATE: ME ZIP: 04217 BUSINESS PHONE: 2078248100 MAIL ADDRESS: STREET 1: P O BOX 450 STREET 2: SUNDAY RIVER ACCESS RD CITY: BETHEL STATE: ME ZIP: 04217 FORMER COMPANY: FORMER CONFORMED NAME: ASC HOLDINGS INC DATE OF NAME CHANGE: 19970805 DEFM14A 1 0001.txt AMERICAN SKIING COMPANY FORM 14A SCHEDULE 14A (RULE 14A-101) SCHEDULE 14A INFORMATION PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. ) Filed by the Registrant [X] Check the appropriate box [X] [ ] 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 Rule 14a-11(c) or Rule 14a-12 AMERICAN SKIING COMPANY (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) n/a Payment of Filing Fee (Check the appropriate box): [X] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) 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 other underlying value of transaction computed pursuant to Exchange Act Rule 0-11: (4) Proposed maximum aggregate value of transactions: (5) Total fee paid: [ ] Fee paid previously with preliminary materials. [ ] Check box of 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: Description of Transaction The description of the transaction is incorporated by reference to the press release attached as Exhibit 99.1 to the Form 8-K dated December 11, 2000. Other written soliciting materials used are also attached to this filing as exhibits. American Skiing Company ("American Skiing") will be, and certain other persons named below may be, soliciting proxies from American Skiing's stockholders in favor of the transaction. Some of the directors and executive officers of American Skiing and some of the directors and executive officers of Meristar Hotels and Resorts, Inc., a Delaware corporation ("Meristar"), may be deemed to be participants in American Skiing's solicitation of proxies. 1 The participants in the solicitation include the following current and prospective directors and officers of American Skiing: Name Title - -------------------------------------------------------------------------------- David B. Hawkes (1) Director Paul Wachter (2) Director Paul W. Whetsell Director Robert J. Branson Director Nominee Gordon M. Gillies (1) Director Leslie B. Otten (2) Director, Chairman and Chief Executive Officer Christopher E. Howard Director, Executive Vice President and Secretary Bradford E. Bernstein (1) (2) Director J. Taylor Crandall Director Steven E. Gruber Director William S. Janes Director Alexandra C. Hess Director Nominee Mark J. Miller Senior Vice President and Chief Financial Officer G. Christopher Brink Senior Vice President, Marketing William J. Fair Chief Operating Officer, President-Resort Operations Hernan R. Martinez Senior Vice President and Chief Operating Officer, American Skiing Company Resort Properties, Inc. Allen Wilson President and Managing Director, Killington Resort Blaise Carrig President and Managing Director, The Canyons Resort Daniel Duquette Director Christopher Livak Vice President, Finance Foster Stewart Vice President and General Counsel - ------------ (1) Member of the Audit Committee (2) Member of the Compensation Committee
In addition, Daly Gray Public Relations is participating in the solicitation. Some of the participants in the solicitation have interests in the merger and associated transactions, some of which may differ from, or may be in addition to, those of American Skiing's stockholders generally: o In connection with the merger, some of American Skiing's senior management will become senior management of Doral International, Inc. ("Doral"), the publicly-traded company that will result from the merger. Mr. Leslie Otten will become the Chairman of Doral, and Mr. William J. ("B.J.") Fair will lead the Doral leisure division. o Paul Whetsell is also a member of the board of directors of Meristar but has recused himself from all deliberations of American Skiing's board of directors relating to the merger and is not a member of American Skiing's Special Committee. o None of the directors or officers of American Skiing holds more than 1.0% of the outstanding common stock of American Skiing except for Messrs. Otten (9.31%) and Howard (1.63%). In addition, Mr. Otten owns 100% of the Class A common stock (14,760,530). The directors and executive officers of American Skiing beneficially own approximately 73.45% of the total outstanding shares of voting stock (common stock together with Class A common stock). All percentages are as of November 9, 2000. o Robert J. Branson, Bradford E. Bernstein, J. Taylor Crandall, Steven E. Gruber, William S. Janes and Alexandra C. Hess are directors nominated by Oak Hill Capital Partners, L.P. and its affiliates (collectively "Oak 2 Hill") and Oak Hill is the largest stockholder of each of American Skiing and Meristar. Oak Hill will own more than 45% of Doral after the merger. In addition, some of Meristar's directors and officers may be participating in the solicitation. A list of those participants and their interests in the merger and the associated transactions is set forth in Meristar's statement on Schedule 14A. Exhibits: Exhibit Number Description 99.1 Press Release, dated December 11, 2000 (incorporated by reference to the Rule 425 filing made by American Skiing on December 11, 2000) 99.2 Script used by Mr. Leslie Otten during the conference call announcing the transaction on December 11, 2000 (incorporated by reference to the Rule 425 filing made by American Skiing on December 11, 2000) 99.3 Slide presentation to be used beginning on December 12, 2000 (incorporated by reference to Exhibit 99.4 to the Statement on Schedule 14A of Meristar filed on December 11, 2000) 3
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