EX-99.(A)(5)(HHH) 4 a2113624zex-99_a5hhh.txt EXIBIT 99(A)(5)(HHH) Exhibit (a)(5)(HHH) SENATE MAJORITY LEADER KEN SIKKEMA ==================== NEWS RELEASE FOR IMMEDIATE RELEASE CONTACT: Bill Nowling Tuesday, June 24, 2003 (517) 373-5899 BNOWLING@SENATE.MICHIGAN.GOV SIKKEMA: SHAREHOLDERS PROTECTION BILL ON HOLD; NO ACTION UNTIL FALL LANSING - Citing the need to balance Michigan's budget and the overwhelming complexity of corporate governance law, Senate Majority Leader Ken Sikkema today said the "Shareholders Protection Bill" will not be acted on before lawmakers recess for the summer. "Our first priority is balancing the budget and putting Michigan's fiscal house in order," Sikkema said. "This bill is distracting our attention from the very pressing issues facing all Michigan residents. "This bill deals with a very complex area of state law concerning corporate governance and the testimony it received - for and against - has been compelling and overwhelming. We need to consider this bill after the Legislature balances Michigan's budget when it can receive the attention it deserves." House Bill 4764 amends state law governing acquisitions of publicly held Michigan corporations by allowing shareholders to form a voting block opposing a hostile takeover. The bill is currently in the Senate Commerce and Labor Committee. Sikkema said a specific date when the committee will take up the bill will not be set until after lawmakers return from their summer recess in September. ----30----