-----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, R5IrqLBU7doXwKk44cJADLvhI4UOTjEFPSFRkn2aYspTJaWYFkMv5ElS/ZSfWDaq IVlw9HskFRs+BROVZUn6Pg== 0000950005-99-000503.txt : 19990624 0000950005-99-000503.hdr.sgml : 19990624 ACCESSION NUMBER: 0000950005-99-000503 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990525 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WATKINS JOHNSON CO CENTRAL INDEX KEY: 0000105006 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 941402710 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: SEC FILE NUMBER: 001-05631 FILM NUMBER: 99634282 BUSINESS ADDRESS: STREET 1: 3333 HILLVIEW AVE CITY: PALO ALTO STATE: CA ZIP: 94304-1223 BUSINESS PHONE: 4154934141 MAIL ADDRESS: STREET 1: 3333 HILLVIEW AVENUE CITY: PALO ALTO STATE: CA ZIP: 94304-1223 DEFA14A 1 DEFA14A 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 (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 [ ] Definitive Proxy Statement Commission Only (as permitted by [X] Definitive Additional Materials Rule 14a-6(e)(2)) [ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 Watkins-Johnson Company ---------------------------------------------------------- (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)(4) and 0-11. (1) Title of each class of securities to which transactions applies: (2) Aggregate number of securities to which transactions 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: For Further Information: Media: Judy Brennan (Sard Verbinnen & Co) 212-687-8080 Investor Frank E. Emery (Watkins-Johnson) 650-813-2752 Contact: For immediate release-- WATKINS-JOHNSON ANNOUNCES POLLS TO REMAIN OPEN ON PROPOSALS TO ABOLISH SUPER-MAJORITY VOTING REQUIREMENTS PALO ALTO, Calif. May 24, 1999 -- Watkins-Johnson (NYSE: WJ), a high technology company in wireless communications and semiconductor equipment, announced that it will keep polls open until 11:00 a.m. California time on Friday, June 11, 1999 for shareowners to vote on two proposals to abolish super-majority shareholder and director voting requirements. The proposals would reduce to a simple majority the vote required to approve important corporate decisions, including merging or selling the company. In each case, the overwhelming majority of the shares voted were voted in favor of each proposal. However, the votes fell short of the required approval level of 80% of the shares outstanding. In the case of the proposal to eliminate super-majority shareowner voting, approximately 76% of the outstanding shares voted have so far voted in favor, and in the case of the proposal to eliminate super-majority director voting, approximately 67% of the outstanding shares voted have so far voted in favor. Both of these proposals were non-discretionary items for the purposes of brokers voting the shares of their clients, and approximately 20% of the outstanding shares have not yet voted on either proposal. The company noted that its Board of Directors has unanimously recommended the elimination of these super-majority voting requirements in order to enhance the company's ability to pursue possible transactions which its Board and a majority of shareowners support. On March 1, 1999, the company announced that its Board of Directors decided to pursue the sale of the company in its entirety or as separate businesses. - more - Watkins-Johnson Company, page 2 Watkins-Johnson Co. specializes in two high-technology business areas. WJ's wireless-communications units produce radio-frequency components, subassemblies and equipment for fixed and mobile networks worldwide. The company's Semiconductor Equipment Group produces atmospheric pressure chemical vapor deposition systems for high-volume integrated-circuit manufacturing. For additional information please see http://www.wj.com. Forward-looking Statements This news release, other than the historical financial information, consists of forward-looking statements that involve risks and uncertainties, including the outcome of the shareowner vote on the two still-pending proposals referred to in this press release, the risks of consummation of the sale of the company or its component businesses, quarterly fluctuations in results, the timely availability of new products, the impact of competitive products and pricing, and the other risks detailed from time to time in the company's SEC reports, including the report on Form 10-K for the year ended December 31, 1998. Actual results may vary materially. # # # -----END PRIVACY-ENHANCED MESSAGE-----