DEFA14A 1 0001.txt DEFINITIVE ADDITIONAL MATERIALS SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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 |X| Definitive Additional Materials |_| Soliciting Material Pursuant to ss.240.14a-11(c) or ss.240.14a-12 Del Webb Corporation ________________________________________________________________________________ (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 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 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 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: -------------------------------------------------------------------- Contact: Ken Plonski (602) 808-8171 For Immediate Release DEL WEBB ANNOUNCES PLANS TO EXPAND BOARD Phoenix, AZ (October 27, 2000) (WBB:NYSE/PCX) -- Del Webb Corporation announced today that its board of directors, in a special meeting yesterday, unanimously decided to bring additional shareholder representation to its board of directors. It decided to conduct an accelerated search and add two new board members, if no change in the composition of the board occurs as a result of the upcoming annual meeting. Two existing directors are retiring in 2001. It is anticipated that the retiring board members would not be replaced, returning the size of the board to ten members. LeRoy Hanneman, Del Webb's President and Chief Executive Officer said "We have been meeting with shareholders for the last several weeks and are being responsive to their recommendations for increased board representation by significant shareholders. We will be seeking board members who represent longer term holders of our stock, and understand our company and its business." "We acknowledge that one of the Pacific Partners nominees for our board is a significant shareholder. Given that Pacific Partners has held our shares for a relatively short period of time, and acquired the stock at some of its lowest valuations, we do not believe their nominees would represent the views of a broad base of our shareholders," Hanneman said. Del Webb believes there will be many very qualified candidates who would contribute significantly to increasing shareholder value and assessing alternatives. We will begin to solicit candidates from institutional and other large shareholders and act to bring these new voices to our boardroom before the end of this calendar year. -30- To access other news about Del Webb Corporation, visit the company's Internet site at http://www.delwebb.com or call for News-by Fax at 1-800-758-5804, extension 236610.