-----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, E8pk2P/pNrcwX7qCmJ6WQcs+Qyj5R50Q8xZiJQ5Rh+fVLvO2Y6nklDdeMViQp/53 P8FPOrv0cTRYd2o5bA6/sA== 0000919788-94-000023.txt : 19940505 0000919788-94-000023.hdr.sgml : 19940505 ACCESSION NUMBER: 0000919788-94-000023 CONFORMED SUBMISSION TYPE: DEFC14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19940503 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ROADWAY SERVICES INC CENTRAL INDEX KEY: 0000701708 STANDARD INDUSTRIAL CLASSIFICATION: 4213 IRS NUMBER: 341365496 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFC14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-10716 FILM NUMBER: 94525823 BUSINESS ADDRESS: STREET 1: 1077 GORGE BLVD STREET 2: P O BOX 88 CITY: AKRON STATE: OH ZIP: 44309 BUSINESS PHONE: 2163848184 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL BROTHERHOOD OF TEAMSTERS CENTRAL INDEX KEY: 0000919788 STANDARD INDUSTRIAL CLASSIFICATION: 0000 IRS NUMBER: 530215427 STATE OF INCORPORATION: DC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFC14A BUSINESS ADDRESS: STREET 1: 25 LOUISIANA AVENUE, NW CITY: WASHINGTON STATE: DC ZIP: 20010 BUSINESS PHONE: 2026246800 DEFC14A 1 DEFINITIVE PROXY OF ROADWAY SHAREHOLDER COMMITTEE PROXY STATEMENT INDEPENDENT SHAREHOLDER SOLICITATION Re: ROADWAY SERVICES INC. ANNUAL MEETING: May 11, 1994 The following proxy material relating to ROADWAY SERVICES INC. from the Roadway Shareholders Committee is sent to you as the direct owner of shares in this corporation. Shareholder Franz Riffner, who is also a member of the Teamsters, proposes the resolution that is explained here. This proxy statement is being distributed to shareholders on May 3. YOU CAN USE THIS CARD TO VOTE ALL THE ISSUES THAT WILL BE VOTED ON IN THE COMPANY'S ANNUAL MEETING. ON BOARD ELECTIONS AND OTHER MANAGEMENT-PROPOSED ISSUES, WE PLAN TO VOTE AS MANAGEMENT REQUESTS, UNLESS YOU DIRECT US OTHERWISE. Roadway Shareholders Committee c/o International Brotherhood of Teamsters 25 Louisiana Ave NW Washington, D.C. 20001 Fax: 202-624-6833 202-624-8100 _______________________ We believe accountability achieved through strong corporate governance plays a role in how well management performs. CORPORATE GOVERNANCE PROPOSAL The following resolution is proposed by a Roadway shareholder, and a member of the International Brotherhood of Teamsters and appears also on the company's proxy. Institute Confidential Voting RESOLVED: That the stockholders of Roadway recommend that the Board of Directors take the necessary steps to adopt and implement a policy of confidential voting at all meetings of its shareholders, and that this includes the following provisions: 1. That the voting of all proxies, consents and authorizations be secret, and that no such document shall be available for examination nor shall the vote or identity of any shareholder be disclosed except to the extent necessary to meet the legal requirements, if any, of the company's state of incorporation; and 2. That the receipt, certification, and tabulation of such votes shall be performed by independent election inspectors. We think voting fairly reflects conviction when the process is free of potential coercion. Secret balloting will not prevent shareholders or the company from making their case; it will only prevent those known to be voting a certain way from facing focussed campaign efforts, and possibly recrimination following balloting. Many companies adopt confidential voting policies voluntarily, including Anheuser-Busch, which granted a request by an employee shareholder. A simple majority of the voted shares is required to approve this proposal. For these reasons, we urge a vote FOR the resolution. REVOCATION RIGHTS If you have already voted the proxy card you received from the company, you can change your vote. A proxy card is revocable at any time prior to being voted by (1) executing a new proxy card; or (2) attending and voting at the meeting; or (3) delivering written notice of revocation to the Company or to the authorized agents of the employee benefit plan through which your stock is held. Only your latest-dated proxy card will be counted. MANAGEMENT COMPENSATION The committee incorporates herein the discussion of the subject of management compensation in the Company's proxy statement. ELECTION OF DIRECTORS AND APPOINTMENT OF AUDITORS At the 1994 annual stockholders meeting, shareholders will be asked to vote in the election for board of directors and to ratify the designation of Ernst & Young as independent auditors of the Company for 1994. The committee incorporates herein the discussion of these subjects in the Company's proxy statement. There is no contest for Board seats. When we solicit proxies, the persons named in the attached proxy will vote for the Company's nominees for the Board, and for ratification of the designation of auditors unless you instruct us otherwise. Roadway Services, Inc. 1994 Nonemployee Director's Stock plan At the 1994 annual stockholders meeting, shareholders will be asked to approve the adoption of the Roadway Services, Inc. 1994 Nonemployee Director's Stock plan. The committee incorporates herein the discussion of this plan. The persons named in the attached proxy will vote for the nonemployee directors's stock plan. PROPOSALS FOR FUTURE MEETINGS Stockholders who wish to have their proposals considered for inclusion in the Company's proxy statement should deliver their proposals in writing to the company by December 9, 1994 to 1077 Gorge Blvd., P.O. Box 88, Akron Ohio, 44309-0088. SECURITY OWNERSHIP OF MANAGEMENT AND PRINCIPAL SHAREHOLDERS The Committee incorporates by reference the discussion of security ownership contained in the Company's 1994 proxy statement. VOTING RIGHTS AND USE OF THE PROXY CARD You can vote on all the proposals by using the enclosed gray proxy card. The Committee will keep all cards it receives confidential from the Company until the deadline for their submission, absent a court order requiring disclosure. If you sign and return the enclosed gray card and do not instruct the Committee how to vote, the card will be voted for the shareholder proposals, election of the Company's nominees, ratification of Ernst & Young as auditors, and adoption of the nonemployee directors' stock plan. Should any other business come before the meeting other than that listed above (which the Committee does not anticipate), the proxy holders will not vote your shares. Only shareholders as of March 25, 1994 are entitled to vote. The Committee incorporates by reference the additional information about voting requirements and outstanding shares contained in the Company's proxy statement. SOLICITATION OF PROXIES The Roadway Shareholders Committee was organized by Company stockholder Franz Riffner with assistance from the International Brotherhood of Teamsters ("IBT"). IBT is party to a national collective bargaining agreement with several Company subsidiaries. As of December 1993, the IBT represented about 18,000 employees of Roadway. The IBT has experience assisting its members in enhancing the value of their employee benefits, including employee stock plans. IBT's national freight agreement expired in March 1994. The persons designated on the Committee's proxy cards are Franz Riffner, a shareholder and Bart Naylor, National Coordinator of IBT's Corporate Affairs Department. The Committee expects to solicit proxies by mail, telephone, telecopier and personal interviews. It will ask trustees, brokers, custodians and other nominees to forward solic itation materials to the beneficial owners of common stock, and they will be reimbursed for their reasonable out- of-pocket expenses. Proxies will be solicited by Committee members and by members and employees of IBT who do not receive any additional compensation for such solicitations. The cost of the solicitation will be borne solely by IBT and while the exact cost of the solicitation is not at this time known, it is estimated at $2,000. Total expenditures to date have been approximately $100. The Committee will not seek reimbursement for the cost of its solicitations from the Company. Form of Proxy Roadway Shareholders COMMITTEE c/o Bart Naylor Int'l Brotherhood of Teamsters 25 Louisiana Avenue Washington, DC 20001 Fax 202-624-6833 The undersigned appoints Franz Riffner and Bart Naylor and each of them the proxies of the undersigned with full power of substitution to vote the stock of Roadway Services, Inc. which the undersigned may be entitled to vote at the Annual Meeting of Shareholders to be held on May 11, 1994 or at any adjournments thereof. The proxies are not authorized to vote in their discretion upon such other business as may properly come before the meeting and any and all adjournments or postponements thereof. This proxy, when properly executed, will be voted in the manner directed herein by the undersigned stockholder. If no direction is made, this proxy will be voted FOR Proposals 1, 2, 3, and 4. 1. ELECTION OF DIRECTORS: FOR all nominees listed (except as marked to the contrary below.) / / WITHHOLD AUTHORITY to vote for all nominees. / / NOMINEES - George B. Beitzel, Richard A. Chenoweth, Joseph M. Clapp, Norman C. Harbert, Charles R. Longsworth, Robert E. Mercer, G. James Roush, Daniel J. Sullivan, William Sword and Sarah Roush Werner. (To withhold authority to vote for any individual nominee, write that nominee's name on the line provided below.) / 2. Approval of the Roadway Services, Inc. 1994 Nonemployee Directors' Stock Plan. FOR / / Against / / Abstain // 3. Proposal to provide for confidential voting. FOR / / Against / / Abstain / / 4. Ratify designation of Ernst & Young as independent public accountants of the corporation for 1994. FOR / / Against / / Abstain / 5. Other business: The Proxies are not authorized to vote upon such other business as may properly come before the meeting. Please sign exactly as name appears on this form. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee, or guardian, please give full title as such. If a corporation, please sign in full corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Signature: Signature if held jointly: Please mark, sign, date and return this proxy card promptly using the enclosed postage-paid envelope. -----END PRIVACY-ENHANCED MESSAGE-----