-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, PaYeoGXHPGwkkyKAuwjXAEevD5H7iZ+ujrHc4Exj32E86Nr2PTKQN2vgsh25Wo12 qlEWwcIf0a2JouAmkiz3Pw== 0000909518-94-000066.txt : 19940414 0000909518-94-000066.hdr.sgml : 19940414 ACCESSION NUMBER: 0000909518-94-000066 CONFORMED SUBMISSION TYPE: DEFC14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19940411 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KEMPER CORP CENTRAL INDEX KEY: 0000055195 STANDARD INDUSTRIAL CLASSIFICATION: 6311 IRS NUMBER: 366169781 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFC14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-10242 FILM NUMBER: 94522168 BUSINESS ADDRESS: STREET 1: ONE KEMPER DR CITY: LONG GROVE STATE: IL ZIP: 60049 BUSINESS PHONE: 7085402000 MAIL ADDRESS: STREET 1: ONE KEMPER DRIVE CITY: LONG GROVE STATE: IL ZIP: 60049 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL ELECTRIC CAPITAL CORP CENTRAL INDEX KEY: 0000040554 STANDARD INDUSTRIAL CLASSIFICATION: 6172 IRS NUMBER: 131500700 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFC14A BUSINESS ADDRESS: STREET 1: 260 LONG RIDGE RD CITY: STAMFORD STATE: CT ZIP: 06927 BUSINESS PHONE: 2033574000 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL ELECTRIC CREDIT CORP DATE OF NAME CHANGE: 19871216 DEFC14A 1 LETTER SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------- SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 ------------- [_] Filed by the Registrant [x] Filed by a Party other than the Registrant Check the appropriate box: [_] Preliminary Proxy Statement [_] Definitive Proxy Statement [x] Definitive Additional Materials [_] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 KEMPER CORPORATION - --------------------------------------------------------------------------- (Name of Registrant as Specified In Its Charter) GENERAL ELECTRIC CAPITAL CORPORATION - --------------------------------------------------------------------------- (Name of Person(s) Filing Proxy Statement) PAYMENT OF FILING FEE (Check the appropriate box): [_] $125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-6(i)(1), or 14a-6(i)(2). [_] $500 per each party to the controversy pursuant to Exchange Act Rule 14a-6(i)(3). [_] 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: * 4) Proposed maximum aggregate value of transaction: * Set forth the amount on which the filing fee is calculated and state how it was determined. [_] 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: [x] Filing Fee of $500 was previously paid on March 24, 1994, the date the Preliminary Proxy Statement was filed. GE Capital ------------------------------------------------------------------------- GARY C. WENDT 250 Long Ridge Road, Stamford, CT 06927 President and 203 357-4460 Chief Executive Officer April 8, 1994 Mr. O. Mason Hawkins Chairman Southeastern Asset Management 860 Ridgelake Boulevard #301 Memphis, TN 38120 Dear Mr. Hawkins: I'm sorry that we did not have time to fully explore all the issues in our brief conversation of Wednesday evening. I had particularly wanted to inform you of our concern about the needless time which is passing because Kemper's management refuses to even discuss the possibility of a sale with GE Capital. While time passes we believe that Kemper's position and value may deteriorate - employees can be expected to leave, market share will likely be eroded, and a no longer robust market will be actively fought over by stronger, better positioned competitors. Had we chosen to conduct a protracted negotiation for Kemper, our strategy would have been to initially offer a smaller - but still very handsome - premium over market and then be patient while management ratcheted us to a higher level. Rather, because of the nature of the asset management and securities brokerage industries, we chose a preemptive price to encourage a quick transaction to allow that immediate recapitalization and reenergizing of Kemper necessary to justify the premium price we have said we are willing to pay. Because of securities law, we have been unable to publicly discuss these concerns with Kemper's shareholders until now. Hopefully this explanation will cause you to seek further discussions with GE Capital and, above all, to encourage the management of Kemper to provide us with any additional information which could cause our price conclusion to change. Very truly yours, /s/ Gary C. Wendt Gary C. Wendt -----END PRIVACY-ENHANCED MESSAGE-----