-----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, Esx0e/8FnIXDzdHbaIWWRfSTu/hneZCY+PKzvHwL3pJL1zH6bvxKpOYZXjZo93uQ mt9ZHm9IGHtO5Vh/dS4sww== 0000902664-08-000592.txt : 20080207 0000902664-08-000592.hdr.sgml : 20080207 20080207171106 ACCESSION NUMBER: 0000902664-08-000592 CONFORMED SUBMISSION TYPE: DFAN14A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20080207 DATE AS OF CHANGE: 20080207 EFFECTIVENESS DATE: 20080207 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CSX CORP CENTRAL INDEX KEY: 0000277948 STANDARD INDUSTRIAL CLASSIFICATION: RAILROADS, LINE-HAUL OPERATING [4011] IRS NUMBER: 621051971 STATE OF INCORPORATION: VA FISCAL YEAR END: 1226 FILING VALUES: FORM TYPE: DFAN14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-08022 FILM NUMBER: 08586007 BUSINESS ADDRESS: STREET 1: 500 WATER STREET STREET 2: 15TH FLOOR CITY: JACKSONVILLE STATE: FL ZIP: 32202 BUSINESS PHONE: 9043593200 MAIL ADDRESS: STREET 1: 500 WATER STREET STREET 2: 15TH FLOOR CITY: JACKSONVILLE STATE: FL ZIP: 32202 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Childrens Investment Fund Management (UK) LLP CENTRAL INDEX KEY: 0001362598 IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: DFAN14A BUSINESS ADDRESS: STREET 1: 7 CLIFFORD STREET CITY: LONDON STATE: X0 ZIP: W1S 2WE BUSINESS PHONE: 44 207 440 2388 MAIL ADDRESS: STREET 1: 7 CLIFFORD STREET CITY: LONDON STATE: X0 ZIP: W1S 2WE DFAN14A 1 p08-0395dfan14a.txt CSX CORP. SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. __) Filed by the Registrant [ ] Filed by a Party other than the Registrant [X] 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-12 CSX CORPORATION (Name of Registrant as Specified In Its Charter) THE CHILDREN'S INVESTMENT FUND MANAGEMENT (UK) LLP THE CHILDREN'S INVESTMENT FUND MANAGEMENT (CAYMAN) LTD. THE CHILDREN'S INVESTMENT MASTER FUND 3G CAPITAL PARTNERS LTD. 3G CAPITAL PARTNERS, L.P. 3G FUND L.P. CHRISTOPHER HOHN ALEXANDRE BEHRING GILBERT H. LAMPHERE TIMOTHY T. O'TOOLE GARY L. WILSON (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 Rule 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 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: On February 7, 2008, The Children's Investment Fund Management (UK) LLP sent a letter to the Board of Directors of CSX Corp., a copy of which if filed herewith as Exhibit 1. EX-99 2 p08-0395exhibit99.txt EXHIBIT 1 EXHIBIT 1 [GRAPHIC OMITTED][GRAPHIC OMITTED] February 7, 2008 Board of Directors CSX Corporation 500 Water Street Jacksonville, FL 32202 Dear Board of Directors: We reviewed yesterday's filing by CSX that amended the bylaws to "add provisions regarding shareholders' ability to request that the Board of Directors call a special meeting of shareholders." This provision could have been a positive step in improving CSX's corporate governance and adhering to the wishes of CSX shareholders, who voted more than 2 to 1 for such a change at the 2007 annual meeting. Unfortunately, a close reading of the new bylaw provision reveals that it is not a shareholder-friendly change - rather, we believe it is a disingenuous effort to appear shareholder-friendly while preventing shareholders from ever being able to nominate directors at a special meeting. The bylaw amendments say that special meetings may not be called to address issues that were on the agenda at an annual meeting in the past 12 months or will be on the agenda at an annual meeting in the next 90 days. Since the election of directors is on the agenda at every annual meeting, this means directors can NEVER be proposed at a special meeting. Thus, the new shareholder "right" eviscerates one of the most fundamental reasons a shareholder might want to call a special meeting. This is not the only item included in the amendment that appears designed to impede the ability of shareholders to call special meetings. This cynical attempt to deceive shareholders is compounded by CSX's highly misleading 8-K filing which says the bylaws were amended to "add provisions regarding shareholders' ability to request that the Board of Directors call a special meeting of shareholders" subject to "certain conditions." The SEC filing fails to mention that these "conditions" render the bylaw amendment useless as it pertains to the nomination of directors. One must go to the bylaws themselves attached as an exhibit to realize the deception. This "Catch 22" approach to corporate governance should be an embarrassment to the CSX Board. We feel this action validates our concern that CSX's Board and management do not value corporate governance and do not respect its shareholders. As a shareholder we find this unacceptable - the Board is in need of change. To this end, we have informed you and CSX shareholders that we intend to nominate a slate of directors with significant railroad experience at the 2008 annual meeting who will work hard to improve the Company's operating performance as well as its corporate governance. In addition, we will also propose a bylaw amendment that permits one or more shareholders that together hold at least 15% of all the shares of CSX capital stock to request a special meeting of shareholders to address ANY AND ALL issues - - including the election of directors. We will also seek to repeal all bylaw amendments enacted since January 1, 2008, including the amendment CSX disclosed yesterday. However, the Board does not need to wait for positive change to occur. If the Board is truly interested in acting in shareholder interests, we urge you to repeal this restrictive language and adopt the bylaw amendment we have proposed - - one that actually gives shareholders REAL rights, not one that merely appears to. Sincerely, /s/ Snehal Amin Snehal Amin PARTNER The Children's Investment Fund 2 -----END PRIVACY-ENHANCED MESSAGE-----