-----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, IzKIBSpvJAOjWxYt4MRgvkKMLFN8+KO0JNOxOLLdMVuJrGy6G0up6mQFN2RZg4cy P7s/72OdViGqUbtdzl2qEA== 0001036050-98-002207.txt : 19981231 0001036050-98-002207.hdr.sgml : 19981231 ACCESSION NUMBER: 0001036050-98-002207 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981230 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTEGRATED CIRCUIT SYSTEMS INC CENTRAL INDEX KEY: 0000874689 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 232000174 STATE OF INCORPORATION: PA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: SEC FILE NUMBER: 000-19299 FILM NUMBER: 98778002 BUSINESS ADDRESS: STREET 1: 2435 BLVD OF THE GENERALS CITY: NORRISTOWN STATE: PA ZIP: 19403 BUSINESS PHONE: 6106305300 MAIL ADDRESS: STREET 1: 2435 BLVD OF THE GENERALS CITY: NORRISTOWN STATE: PA ZIP: 19403 DEFA14A 1 DEF 14A14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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 Section 240.14a-11(c) or Section 240.14a-12 INTEGRATED CIRCUIT SYSTEMS - -------------------------------------------------------------------------------- (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: ------------------------------------------------------------------------- Notes: [LOGO OF INTEGRATED CIRCUIT SYSTEMS] December 30, 1998 Dear Fellow Shareholders: As you may already be aware, we have postponed the Company's Annual Meeting until January 25, 1999. The Annual Meeting was originally scheduled for today. In consideration for the postponement, Dr. Prodromou has agreed to dismiss the litigation he filed on December 24, 1998 in the Court of Common Pleas for Montgomery County, Pennsylvania, which sought to preliminarily enjoin the Annual Meeting. ICS has also agreed to provide Dr. Prodromou the list of ICS shareholders. The ICS by-laws provide that any shareholder desiring to nominate candidates for election as directors at a shareholders meeting must provide certain information to the Company at least 50 days and not more than 75 days prior to the date of the meeting. Given that the Annual Meeting is now scheduled for January 25, 1999, Dr. Prodromou's dissident director nominees are now entitled to stand for election at the annual meeting. Despite our belief that Dr. Prodromou's lawsuit has no merit, this postponement will avoid the unnecessary waste of time and resources involved in fighting this litigation. We look forward to the rescheduled Annual Meeting at which time you will have a clear choice between management's nominees to the Board and Dr. Prodromou's nominees. - -------------------------------------------------------------------------------- Vote FOR management's director nominees on the enclosed WHITE proxy card today. The Choice Is Clear. - -------------------------------------------------------------------------------- Last week Institutional Shareholder Services Inc. (ISS), the nation's leading institutional shareholder advisory firm, recommended that ICS shareholders vote in support of ICS management's nominees to the Board of Directors. Your board is committed to enhancing and sustaining shareholder value by focusing on core competencies and our new corporate governance program is designed to ensure increased responsiveness to shareholders. Very truly yours, /s/ Rudolf Gassner Rudolf Gassner Chairman-elect of the Board 2435 BLVD. OF THE GENERALS * P.O. BOX 968 * VALLEY FORGE, PA 19482-0968 * 610-630-5300 * FAX: 610-630-5399 - -------------------------------------------------------------------------------- IF YOUR SHARES ARE HELD IN THE NAME OF A BANK OR BROKER, ONLY THAT ORGANIZATION CAN VOTE YOUR SHARES. PLEASE DIRECT THE PERSON RESPONSIBLE FOR YOUR ACCOUNT TO EXECUTE ON YOUR BEHALF A WHITE PROXY CARD WITH A VOTE FOR YOUR CURRENT MANAGEMENT. IF YOU HAVE ANY QUESTIONS OR REQUIRE ANY ASSISTANCE, PLEASE CONTACT OUR PROXY SOLICITOR: Innisfree M&A Incorporated TOLL FREE -- 1-888-750-5834 501 MADISON AVENUE 20TH FLOOR NEW YORK, NY 10022 - -------------------------------------------------------------------------------- -----END PRIVACY-ENHANCED MESSAGE-----