-----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, DGS1ZbkUJEMma6uG5ee43jQ+DFhEiVdTIOI+iVeItidPTz5nv1JoQKkG6q2/2ww/ gxXsQL50udiXYcEeacIjqQ== 0001144204-07-038298.txt : 20070725 0001144204-07-038298.hdr.sgml : 20070725 20070725170122 ACCESSION NUMBER: 0001144204-07-038298 CONFORMED SUBMISSION TYPE: DFAN14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070725 DATE AS OF CHANGE: 20070725 EFFECTIVENESS DATE: 20070725 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CLST Holdings, Inc. CENTRAL INDEX KEY: 0000913590 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 752479727 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: DFAN14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-22972 FILM NUMBER: 07999855 BUSINESS ADDRESS: STREET 1: 601 S. ROYAL LANE STREET 2: ATTN: SHERRIAN GUNN, CEO CITY: COPPELL STATE: TX ZIP: 75019 BUSINESS PHONE: 972-462-3500 MAIL ADDRESS: STREET 1: 601 S. ROYAL LANE STREET 2: ATTN: SHERRIAN GUNN, CEO CITY: COPPELL STATE: TX ZIP: 75019 FORMER COMPANY: FORMER CONFORMED NAME: CELLSTAR CORP DATE OF NAME CHANGE: 19931018 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DURHAM TIMOTHY S CENTRAL INDEX KEY: 0001131157 FILING VALUES: FORM TYPE: DFAN14A BUSINESS ADDRESS: BUSINESS PHONE: 3172374122 MAIL ADDRESS: STREET 1: 111 MONUMENT CIRCLE STREET 2: SUITE 4800 CITY: INDIANAPOLIS STATE: IN ZIP: 46204 DFAN14A 1 v081930_dfan14a.htm Unassociated Document
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

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Definitive Proxy Statement
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Soliciting Material Pursuant to §240.14a-12

CLST HOLDINGS, INC.
(Name of Registrant as Specified In Its Charter)

Timothy S. Durham
Manoj Rajegowda
Robert A. Kaiser
MC Investment Partners, LLC
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
 
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PRESS RELEASES

On July 25, 2007, Timothy S. Durham issued the following press releases:
 

 
FOR IMMEDIATE RELEASE


INVESTMENT FUNDS TO VOTE FOR DURHAM SLATE

INDIANAPOLIS. July 25, 2007. Timothy S. Durham announced today that a Dallas based investment manager has informed him that it has voted approximately 721,000 shares of the common stock of CLST Holdings, Inc., formerly known as CellStar Corporation, (the “Company”) (OTC Pink Sheets: CLHI) held by investment funds that it manages for the slate of directors nominated by Mr. Durham for election at the Company’s upcoming annual meeting of stockholders. Mr. Durham’s slate consists of Timothy S. Durham, Manoj Rejegowda and Robert A. Kaiser.

Mr. Durham is an Indianapolis investor committed to maximizing the return to CLHI’s stockholders by completing the Company’s liquidation plan efficiently and expeditiously. His slate of nominees are all investors or investment managers with significant investments in the Company.

Mr. Durham and the Company have proposed competing slates of nominees. Whoever is elected at the annual meeting of stockholders on July 31, 2007, will oversee the liquidation and dissolution of the Company’s assets and business. Mr. Durham’s nominees are committed to reducing the Company’s operating expenses and increasing liquidating dividends to the Company’s stockholders, and believe that they are more qualified to do so than the slate proposed by the Company. In particular, Mr. Durham believes that one of his nominees, Robert Kaiser, the Company’s former Chief Executive Officer, is uniquely qualified to guide the Company through the process of winding up its operations and resolving any potential indemnity or escrow claims from buyers of the Company’s businesses in a manner most favorable to the Company. Mr. Durham believes that the Company’s nominees have little experience with the Company’s former operations when compared to Mr. Kaiser.

Stockholders who need assistance with voting their shares may call Morrow & Co. at +1-203-679-9400 and ask for Tom Skulski.

For Information, Contact:
Timothy Durham, +1-317-237-4055,
tsdurham@msn.com



FOR IMMEDIATE RELEASE


CINCINNATI INVESTOR VOTES FOR DURHAM SLATE

INDIANAPOLIS, July 25, 2007. Robert Sibcy, a Cincinnati investor, informed Timothy S. Durham today that he has voted approximately 690,000 shares of the common stock of CLST Holdings, Inc., formerly known as CellStar Corporation, (the “Company”) (OTC Pink Sheets: CLHI) that he holds for the slate of directors nominated by Mr. Durham for election at the Company’s upcoming annual meeting of stockholders. Mr. Durham’s slate consists of Timothy S. Durham, Manoj Rejegowda and Robert Kaiser.

Mr. Durham is an Indianapolis investor committed to maximizing the return to CLHI’s stockholders by completing the Company’s liquidation plan efficiently and expeditiously. His slate of nominees are all investors or investment managers with significant investments in the Company.

Mr. Durham’s nominees are expected to devote their efforts to reducing the Company’s operating expenses and increasing liquidating dividends to the Company’s stockholders, and believe that they are more qualified to do so than the slate proposed by the Company. In particular, Mr. Durham believes that one of his nominees, Robert Kaiser, the Company’s former Chief Executive Officer, is uniquely qualified to guide the Company through the process of winding up its operations and resolving any potential indemnity or escrow claims from buyers of the Company’s businesses in a manner most favorable to the Company. Mr. Durham believes that the Company’s nominees have little experience with the Company’s former operations when compared to Mr. Kaiser.

SECURITY HOLDERS ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO MR. DURHAM’S AND THE COMPANY’S SOLICITATION OF PROXIES FROM THE STOCKHOLDERS FOR USE AT THE UPCOMING ANNUAL MEETING OF STOCKHOLDERS BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO THE PARTICIPANTS IN MR. DURHAM’S AND THE COMPANY’S PROXY SOLICITATIONS. DEFINITIVE PROXY STATEMENTS AND FORMS OF PROXY ARE AVAILABLE TO STOCKHOLDERS OF CLST HOLDINGS, INC. AT NO CHARGE AT THE SECURITIES AND EXCHANGE COMMISSION’S WEBSITE AT HTTP://WWW.SEC.GOV

For Information, Contact:
Timothy Durham, +1-317-237-4055,
tsdurham@msn.com

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