-----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, NsjzvTnX9A8G2qIa2Q3QfjX6GkzDfwzw6jwwOLRJ0o5BGP6I6wuRlegbGi5WuGrV 1lqvkp0IavRkItK6Q8wvuw== 0000746838-96-000012.txt : 19960412 0000746838-96-000012.hdr.sgml : 19960412 ACCESSION NUMBER: 0000746838-96-000012 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960411 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNISYS CORP CENTRAL INDEX KEY: 0000746838 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER & OFFICE EQUIPMENT [3570] IRS NUMBER: 380387840 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-08729 FILM NUMBER: 96546300 BUSINESS ADDRESS: STREET 1: TOWNSHIP LINE & UNION MEETING RDS CITY: BLUE BELL STATE: PA ZIP: 19424 BUSINESS PHONE: 2159864011 MAIL ADDRESS: STREET 1: TOWNSHIP LINE & UNION MEETING ROADS CITY: BLUE BELL STATE: PA ZIP: 19424 FORMER COMPANY: FORMER CONFORMED NAME: BURROUGHS CORP /DE/ DATE OF NAME CHANGE: 19861204 DEFA14A 1 Institutional Shareholder Services Recommends a Vote Against Spin-Off Proposal In previous announcements, Unisys employees were told about an upcoming vote by Unisys stockholders on a non-binding proposal, which proposes that Unisys spin off its three businesses into three separate, publicly traded companies. Unisys Chairman and CEO Jim Unruh urged employee stockholders to vote against the spin-off proposal, as recommended by the Board of Directors. The latest recommendation has come from Institutional Shareholder Services (ISS), the nation's leading independent proxy advisory firm, which also has recommended that stockholders vote "against" the spin-off proposal. The ISS advice to its clients said," . . . separation of any of these units would be far too risky to the company's overall performance and growth potential. Accordingly, we believe that shareholders' interests would be best served by allowing management to continue implementation of its restructuring plan." Previously, Unisys News reported that financial analysts agree that Unisys success depends on strong implementation of the new three businesses/one company structure. Specifically, The Wall Street Journal captured this sentiment stating, "Analysts didn't give the proposal much chance of passing a shareholder vote. 'My bet would be that the investors are going to understand that they have to leave this company alone right now,' said Jay Stevens of Dean Witter Reynolds, Inc." In a report issued on April 8, Don Young of Lehman Brothers said, "We view this proposal as unrealistic due to the operating synergy between the three units." Because the decision is so important to the company and its shareholders, Unisys is continuing to bring the issue to the attention of all stockholders. If employee stockholders need a proxy card to vote, or change their vote, contact The Office of the Corporate Secretary at Net2 423-4042, 215-986-4042. -----END PRIVACY-ENHANCED MESSAGE-----