DEFA14A 1 a50620defa14a.htm DEFINITIVE ADDITIONAL MATERIALS defa14a
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
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Grubb & Ellis Company
(Name of Registrant as Specified In Its Charter)
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Grubb & Ellis Company issued the following press release on November 21, 2008.
(GRUBB&ELLISLOGO)
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contacts:
         
Media:
  Janice McDill   Matthew Sherman / Andi Salas
 
  Grubb & Ellis   Joele Frank, Wilkinson Brimmer Katcher
 
  312.698.6707    212.355.4449 
 
  janice.mcdill@grubb-ellis.com   msherman@joelefrank.com / asalas@joelefrank.com
 
       
Investors:
  Laurie Connell / Amy Bilbija    
 
  MacKenzie Partners, Inc.    
 
  212.378.7071 / 650.798.5206     
    lconnell@mackenziepartners.com / abilbija@mackenziepartners.com
GRUBB & ELLIS FILES INVESTOR PRESENTATION
Recommends Stockholders Vote FOR Grubb & Ellis’ Experienced Directors and Reject Anthony
Thompson’s Opposition Slate
SANTA ANA, Calif. (Nov. 21, 2008) — Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it has filed an investor presentation with the Securities and Exchange Commission in connection with its 2008 Annual Meeting of Stockholders, which is scheduled for December 3, 2008. Grubb & Ellis’ Board of Directors recommends that all stockholders vote FOR the company’s three independent and experienced directors — Harold H. Greene, Devin I. Murphy and D. Fleet Wallace — on the WHITE proxy card. The presentation is available on the Investor Relations section of the company’s Web site at www.grubb-ellis.com or at the SEC’s Web site at www.sec.gov.
The presentation notes that:
    Grubb & Ellis’ Board and management team have a sound strategic plan in place and are taking aggressive actions to increase productivity, reduce costs and position the company for profitable and sustainable growth and success;
 
    Grubb & Ellis has the right Board in place — independent, experienced and committed to creating value for ALL stockholders;
 
    Grubb & Ellis’ Board and management believe Anthony Thompson is attempting to take control of Grubb & Ellis and install Stuart Tanz as CEO with the intention to cause Grubb & Ellis to buy or absorb Thompson’s newly formed company, Thompson National Properties, a direct competitor; and
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Grubb & Ellis Company
1551 N. Tustin Avenue     Suite 300     Santa Ana, CA     92705     714.667.8252

 


 

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11/21/08
GRUBB & ELLIS FILES INVESTOR PRESENTATION
    Electing Anthony Thompson and his nominees would undermine important business inroads the company has made since his departure, and reverse the constructive steps management and the Board have been taking to create value for all stockholders.
Grubb & Ellis stockholders who have any questions or need assistance voting their WHITE proxy card should contact MacKenzie Partners, Inc., Toll-Free at (800) 322-2885.

If you have any questions, require assistance with voting your WHITE proxy card,
or need additional copies of the proxy materials, please contact:
(MACKENZIE PARTNERS INC LOGO)
105 Madison Avenue
New York, NY 10016
proxy@mackenziepartners.com
(212) 929-5500 (Call Collect)
Or
TOLL-FREE (800) 322-2885
About Grubb & Ellis
Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies. With more than 130 owned and affiliate offices worldwide, Grubb & Ellis offers property owners, corporate occupants and investors comprehensive integrated real estate solutions, including transaction, management, consulting and investment advisory services supported by proprietary market research and extensive local market expertise.
Grubb & Ellis and its subsidiaries are leading sponsors of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including tax-deferred 1031 tenant-in-common (TIC) exchanges; public non-traded real estate investment trusts (REITs) and real estate investment funds. As of September 30, 2008, more than $3.8 billion in investor equity has been raised for these investment programs. The company and its subsidiaries currently manage a growing portfolio of more than 225 million square feet of real estate. In 2007, Grubb & Ellis was selected from among 15,000 vendors as Microsoft Corporation’s Vendor of the Year. For more information regarding Grubb & Ellis Company, please visit www.grubb-ellis.com.
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11/21/08
GRUBB & ELLIS FILES INVESTOR PRESENTATION
Forward-Looking Statements
Certain statements included in this press release may constitute forward-looking statements regarding, among other things, future revenue growth, market trends, new business opportunities and investment programs, synergies resulting from the merger of Grubb & Ellis Company and NNN Realty Advisors, certain combined financial information regarding Grubb & Ellis Company and NNN Realty Advisors, new hires, results of operations, changes in expense levels and profitability and effects on the Company of changes in the real estate markets. These statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by these statements. Such factors which could adversely affect the Company’s ability to obtain these results include, among other things: (i) the slowdown in the volume and the decline in transaction values of sales and leasing transactions; (ii) the general economic downturn and recessionary pressures on businesses in general; (iii) a prolonged and pronounced recession in real estate markets and values; (iv) the unavailability of credit to finance real estate transactions in general and the Company’s tenant-in-common programs, in particular; (v) the reduction in borrowing capacity under the Company’s current credit facility, and the additional limitations with respect thereto; (vi) the Company’s continuing ability to make interest and principal payments with respect to its credit facility; (vii) an increase in expenses related to new initiatives, investments in people, technology and service improvements; (viii) the success of current and new investment programs; (ix) the success of new initiatives and investments; (x) the inability to attain expected levels of revenue, performance, brand equity and expense synergies resulting from the merger of Grubb & Ellis Company and NNN Realty Advisors in general, and in the current macroeconomic and credit environment, in particular and (xi) other factors described in the Company’s annual report on Form 10-K for the fiscal year ending December 31, 2007 and in the Company’s quarterly reports on Form 10-Q for the quarters ended March 31, 2008, June 30, 2008 and September 30, 2008 filed with the Securities and Exchange Commission (the “SEC”). The Company does not undertake any obligation to update forward-looking statements.
Important Information
On November 10, 2008, Grubb & Ellis Company filed a definitive proxy statement with the SEC in connection with the Company’s 2008 Annual Meeting. Grubb & Ellis Company’s stockholders are strongly advised to read the definitive proxy statement carefully before making any voting decision because the definitive proxy statement contains important information. The Company’s definitive proxy statement and any other materials filed by the Company with the SEC can be obtained free of charge at the SEC’s web site at www.sec.gov or from Grubb & Ellis Company at www.grubb-ellis.com. The Company’s definitive proxy statement and other materials will also be available without charge by written request addressed to Investor Relations, Grubb & Ellis Company, 1551 N. Tustin Avenue, Suite 300, Santa Ana, CA 92705. Grubb & Ellis Company, its directors and director nominees may be deemed to be participants in the solicitation of the Company’s security holders in connection with its 2008 Annual Meeting. Security holders may obtain information regarding the names, applications and interests of such individuals in the Company’s definitive proxy statement, its November 18, 2008 letter to stockholders and its November 20, 2008 investor presentation filed with the SEC as definitive additional soliciting materials.
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