-----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, PHzW/8wjxQUoQC+jxTRwSzHOUiMP/3QBjIarJDPDlY25fM5woJ9wHBmMvCP7HcVf jCu/RBTPVkXbTkHcLQwYIA== 0000351903-99-000011.txt : 19990823 0000351903-99-000011.hdr.sgml : 19990823 ACCESSION NUMBER: 0000351903-99-000011 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990820 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JACKPOT ENTERPRISES INC CENTRAL INDEX KEY: 0000351903 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 880169922 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: SEC FILE NUMBER: 001-09728 FILM NUMBER: 99696692 BUSINESS ADDRESS: STREET 1: 1110 PALMS AIRPORT DR CITY: LAS VEGAS STATE: NV ZIP: 89119 BUSINESS PHONE: 7022635555 MAIL ADDRESS: STREET 1: 1110 PALMS AIRPORT DRIVE STREET 2: 1110 PALMS AIRPORT DRIVE CITY: LAS VEGAS STATE: NV ZIP: 89119 DEFA14A 1 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 Rule 14a-11(c) or Rule 14a-12 JACKPOT ENTERPRISES, INC. _____________________________________________________________________________ (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 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: _____________________________________________ JACKPOT ENTERPRISES, INC. 1110 PALMS AIRPORT DRIVE LAS VEGAS, NEVADA 89119 Telephone Number: 702-263-5555 _____________________________ SUPPLEMENT TO NOTICE OF SPECIAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT With respect to Special Meeting of Stockholders To be Held on September 14, 1999 To the Stockholders of Jackpot Enterprises, Inc.: Reference is made to the Notice of Special Meeting of Stockholders of Jackpot Enterprises, Inc. dated July 22, 1999 (the "Original Notice") with respect to the Special Meeting of Stockholders of Jackpot to be held on September 14, 1999 (the "Special Meeting"), and the proxy statement of Jackpot with respect to the Special Meeting which accompanied such Original Notice. The purpose of this Supplement is to advise you of the following changes to certain matters concerning the Special Meeting from the description thereof in the Original Notice. 1. The time and location of the Special Meeting has been changed to 9:00 a.m, local time, on September 14, 1999 at Bally's, Las Vegas, 3645 Las Vegas Boulevard South, Las Vegas, Nevada 89109. 2. For the reasons described below, Proposals (1) and (2) as set forth in the Original Notice have been withdrawn by the Jackpot board of directors from consideration and vote by the Jackpot stockholders. Proposals (3) through (6) as set forth in the Original Notice remain in effect for consideration and vote by persons who were Jackpot stockholders as of the close of business on July 21, 1999, the record date for the Special Meeting. One of the purposes of the Special Meeting was to consider and vote upon a proposal to authorize the issuance of shares of Jackpot common stock to be issued pursuant to the Agreement and Plan of Merger by and among Jackpot, JEI Merger Corp. and Players International, Inc. dated as of February 8, 1999 ("Merger Agreement"). The Merger Agreement provided for the acquisition of Players by Jackpot through the payment by Jackpot of merger consideration valued at $8.25 for each share of Players common stock outstanding, consisting of $6.75 in cash and $1.50 in Jackpot common stock. The consummation of the merger was subject to, among other conditions, Jackpot obtaining financing sufficient to consummate the transactions contemplated by the Merger Agreement. By letter dated August 15, 1999, Players advised Jackpot that (i) Players had received an unsolicited offer from Harrah's Entertainment, Inc. to purchase all the outstanding common stock of Players at an all-cash price of $8.50 per share without any financing contingency, (ii) Players' board of directors considered the offer from Harrah's to be a Superior Proposal (as defined in the Merger Agreement), and (iii) as permitted by the terms of the Merger Agreement, Players was notifying Jackpot of its intent to terminate the Merger Agreement on August 19, 1999 and enter into a new merger agreement with Harrah's. In these circumstances, the Merger Agreement provided that Jackpot would be entitled to receive a termination fee of $13,500,000. The Jackpot board of directors, after consideration of the alternatives available to it, declined to match or exceed the offer made by Harrah's. The termination fee due under the Merger Agreement was paid to Jackpot on August 19, 1999. As a result of these events, the Jackpot board has withdrawn Proposal (1), authorizing the issuance of Jackpot common stock in connection with merger with Players, and Proposal (2), authorizing an amendment to the Jackpot articles of incorporation concerning the right to repurchase securities of Jackpot that was conditioned upon completion of the merger with Players, from consideration and vote by the Jackpot stockholders at the Special Meeting. Proposal (3) - Election of Directors, Proposal (4) - An Amendment to Jackpot's Articles of Incorporation to increase the authorized Common Stock to 60,000,000 shares, Proposal (5) - Stockholder Proposal, and Proposal (6) - Grant of Jackpot Board Discretionary Authority, remain for consideration and vote by the Jackpot stockholders at the Special Meeting. You are cordially invited to attend the Special Meeting. It is important that your shares be represented at the Special Meeting, whether or not you plan to attend in person. If you do not expect to attend in person, we ask that you complete the proxy card which was mailed to you with the Original Notice with respect to Proposals (3) through (6) and return it in the envelope that was included therewith. In the event you returned your proxy card prior to the receipt of this notice and you do not want to change your vote with respect to any of Proposals (3) through (6), you need not take any further action. You may revoke your proxy at any time before the proxy holder votes it at the special meeting in one of three ways: by giving notice of your revocation either personally or in writing to the Secretary of Jackpot at our corporate office, by executing and delivering another proxy, or by voting in person at the Special Meeting. BY ORDER OF THE BOARD OF DIRECTORS /s/ Alvin J. Hicks Alvin J. Hicks Secretary Las Vegas, Nevada August 20, 1999 -----END PRIVACY-ENHANCED MESSAGE-----