-----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, PTLhvQpLjNQEGC1hnlh4FmUiObjsbyp6YhXKLlNIZNhSsCBRqwuhO27HTrxRP+/s lapwdGsQlXGtMH1panfb9A== 0000898822-03-000523.txt : 20030514 0000898822-03-000523.hdr.sgml : 20030514 20030514162119 ACCESSION NUMBER: 0000898822-03-000523 CONFORMED SUBMISSION TYPE: DFAN14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030514 EFFECTIVENESS DATE: 20030514 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: POST PROPERTIES INC CENTRAL INDEX KEY: 0000903127 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 581550675 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DFAN14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-12080 FILM NUMBER: 03699382 BUSINESS ADDRESS: STREET 1: 4401 NORTHSIDE PARKWAY STREET 2: SUITE 800 CITY: ATLANTA STATE: GA ZIP: 30327 BUSINESS PHONE: 4048465000 MAIL ADDRESS: STREET 1: 4401 NORTHSIDE PARKWAY STREET 2: SUITE 800 CITY: ATLANTA STATE: GA ZIP: 30327 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WILLIAMS JOHN A CENTRAL INDEX KEY: 0000940225 FILING VALUES: FORM TYPE: DFAN14A BUSINESS ADDRESS: STREET 1: 335O CUMBERLAND CIRCLE STREET 2: SUITE 2200 CITY: ATLANTA STATE: GA ZIP: 30339 BUSINESS PHONE: 4048504400 MAIL ADDRESS: STREET 1: 3350 CUMBERLAND CIRCLE STREET 2: SUITE 2200 CITY: ATLANTA STATE: GA ZIP: 30339 DFAN14A 1 may14-pressrelease.txt MAY 14, 2003 WILLIAMS, LOWENTHAL, PUSKAR LETTER 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 |_| Filed by a Party other than the Registrant |X| 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 Rule 14a-12 POST PROPERTIES, INC. (Name Of Registrant As Specified In Its Charter) JOHN A. WILLIAMS ROY E. BARNES FRANCIS L. BRYANT, JR. PAUL J. DOLINOY THOMAS J.A. LAVIN GEORGE R. PUSKAR EDWARD LOWENTHAL CRAIG G. VOUGHT WILLIAM A. PARKER, JR. J.C. SHAW (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)(1) 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: Contacts: Media Investors Jeremy Fielding/Kimberly Kriger Larry Dennedy/Bob Marese Kekst and Company MacKenzie Partners, Inc. 212-521-4800 212-929-5500 JOHN WILLIAMS, ED LOWENTHAL AND GEORGE PUSKAR COMMENT ON ISS REPORT ATLANTA, May 13, 2003 - John A. Williams and Edward Lowenthal, President and Chief Executive Officer designate, and George Puskar, independent director nominee and proposed non-executive Chairman of Post Properties, Inc. (NYSE: PPS), today issued the following statement regarding the Institutional Shareholder Services (ISS) report on the proxy contest to elect an independent slate of directors to the Post Properties Board of Directors: "While we disagree with ISS's conclusion, we note that ISS itself says in its report: A capital event such as the sale of the company is more likely if [Mr. Williams] wins.... [H]e has put together a very experienced team of director nominees. "Since the day of the GID offer, Post's stock has risen from $22.95 per share to a recent high of $26.64 per share. In our opinion, Post shareholders clearly want a sale of the company to be fully explored. Moreover, we continue to believe that the election of the independent director nominees, and the adoption of their platform for enhancing shareholder value, is the right choice, and the best decision, for all Post Properties shareholders. "Shareholders who are satisfied with the status quo can reelect the incumbent directors. Those who want a Board committed to exploring all alternatives for value creation should vote for our nominees, who will make the changes necessary to enhance shareholder value." Mr. Puskar said, "Ultimately, the only decision-makers in this contest are the shareholders of Post Properties, and we continue to be encouraged by the support for our slate and its platform that many of them have expressed. Every vote is important in this critical election. We urge all shareholders to vote their GOLD proxy card for a new independent Board and, in turn, for a new Chairman, a new Chief Executive Officer, and a new and firm commitment to value enhancement for all Post Properties shareholders." 2 You may obtain a free copy of Mr. Williams' proxy statement and other relevant documents by calling MacKenzie Partners, Inc. toll-free at (800) 322-2885 or (212) 929-5500 or by email at PROXY@MACKENZIEPARTNERS.COM. Mr. Williams' proxy statement, which has been mailed to Post Properties Shareholders and other filings and information related to his solicitation can be found at WWW.POSTSHAREHOLDERS.COM Note: Permission to use quotation from ISS Report was neither sought nor obtained. # # # -----END PRIVACY-ENHANCED MESSAGE-----