-----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, Sj1Jk42e9INIH123xvsxHkpIptyZsR/3j0ybbt0m1v94x6u1gy65JMwKZWm/SaT2 aG1sGQtCIUcUJ092CT6SAA== 0001036050-99-000112.txt : 19990129 0001036050-99-000112.hdr.sgml : 19990129 ACCESSION NUMBER: 0001036050-99-000112 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990128 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: 99514596 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 PRESS RELEASE DATED 01/27/99 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, Inc. appears here] INTEGRATED CIRCUIT SYSTEMS, INC. Corporate Headquarters 2435 Boulevard of the Generals P.O. Box 968 Valley Forge, PA 19482-0968 Phone: 610-630-5300 Fax: 610-630-5399 Web Site: http://www.icst.com FOR IMMEDIATE RELEASE INTEGRATED CIRCUIT SYSTEMS SAYS ISS REAFFIRMS RECOMMENDATION OF MANAGEMENT'S NOMINEES AT ANNUAL MEETING VALLEY FORGE, PA - January 27, 1999 - Integrated Circuit Systems Inc. (Nasdaq: ICST) today announced that Institutional Shareholder Services Inc. (ISS), the nation's leading institutional shareholder advisory firm, after considering ICS' recently announced merger agreement, has reaffirmed its recommendation that shareholders vote FOR management's director nominees on the WHITE proxy card at ICS' Annual Meeting on February 1, 1999. ISS also reaffirmed its recommendation to vote against an amendment to ICS' 1997 Equity Compensation Plan. As announced on January 20, 1999, the Company entered into a definitive merger agreement under which an investor group comprised of its senior management together with affiliates of Bain Capital Inc. and Bear, Stearns & Co. Inc. will acquire all of the outstanding shares of ICS at a cash price of $21.25 per share. The merger agreement and a letter containing additional information regarding the merger agreement are on file with the Securities and Exchange Commission (SEC). The Company's SEC filings are available to the public on the Internet at http://www.sec.gov. - ------------------ Institutional Shareholder Services, based in Bethesda, Md., is a leading independent advisor to several hundred institutional investors and provides voting recommendations for proxy contests, corporate governance proposals and other shareholder-related issues. Integrated Circuit Systems Inc. is a manufacturer of integrated circuit products focusing on the design and marketing of mixed signal integrated, circuits for frequency timing, multimedia and data communications applications. The Company is headquartered in Valley Forge, Pennsylvania with a major facility in San Jose, California. # # # Contacts: Dan Katcher/Brian Faw Arthur Crozier Abernathy MacGregor Frank Innisfree M&A 212-371-5999 212-750-5833 -----END PRIVACY-ENHANCED MESSAGE-----