-----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, KmapO3LOvOsamaGLmA1/y1sl3LvzRz+Lz4PQn7vhwoBpsuxdL0MbK4/NNB0QgF69 1KvrCNmgjk5THRlY8jjHSA== 0000929624-98-001904.txt : 19981123 0000929624-98-001904.hdr.sgml : 19981123 ACCESSION NUMBER: 0000929624-98-001904 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981120 FILER: COMPANY DATA: COMPANY CONFORMED NAME: QUICKTURN DESIGN SYSTEMS INC CENTRAL INDEX KEY: 0000914252 STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825] IRS NUMBER: 770159619 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: SEC FILE NUMBER: 000-22738 FILM NUMBER: 98756438 BUSINESS ADDRESS: STREET 1: 55 W TRIMBLE ROAD CITY: SAN JOSE STATE: CA ZIP: 951311013 BUSINESS PHONE: 4089146000 MAIL ADDRESS: STREET 1: 55 W TRIMBLE ROAD CITY: SAN JOSE STATE: CA ZIP: 95131-1013 DEFA14A 1 DEFINITIVE ADDITIONAL MATERIALS 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 [_] Definitive Proxy Statement RULE 14a-6(e)(2)) [X] Definitive Additional Materials [_] Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12 Quickturn Design Systems, Inc. ------------------------------------------------------------------------ (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: [QUICKTURN LOGO APPEARS HERE] EXHIBIT 50 Contacts: QUICKTURN DESIGN SYSTEMS, INC. Abernathy MacGregor Frank Joan Powell Pauline Yoshihashi Director, Marketing Communications (213) 630-6550 (408) 914-6000 Matt Sherman joan@quickturn.com (212) 371-5999 FOR IMMEDIATE RELEASE MENTOR GRAPHICS AGREES TO DELAY CHALLENGED MEETING DATE UNTIL AT LEAST DECEMBER 11, 1998 LITIGATION WILL DETERMINE ACTUAL MEETING DATE SAN JOSE, CALIF. NOVEMBER 20, 1998 -- Quickturn Design Systems, Inc. (Nasdaq: QKTN) announced today that Mentor Graphics Corporation (Nasdaq: MENT) has agreed to postpone until at least December 11, 1998 the special meeting of Quickturn stockholders that Mentor had purported to call for November 24, 1998. In a letter dated November 17, 1998, the Delaware Chancery Court indicated that it might not reach a decision and issue an opinion before November 24, 1998, regarding amendments to certain provisions of Quickturn's Bylaws and its stockholder rights plan, which are the subject of litigation between Mentor and Quickturn. The Court previously noted that the issues raised in the litigation are important to the development of Delaware corporate law. On November 18, 1998 Quickturn renewed its previous motion for preliminary injunction to enjoin Mentor's proposed special meeting date. In order to give the Court additional time to consider the issues raised in the litigation, on November 20, 1998, Quickturn and Mentor entered into a stipulation to be entered as an order of the court -- in which Mentor agreed to postpone the challenged meeting date from November 24 until at least December 11, 1998. The Quickturn Board of Directors continues to challenge the validity and legality of Mentor's attempt to call the special meeting as well as its ability to set the meeting date and record date of the special meeting. Subject to the resolution of this litigation, the Quickturn Board has set Friday, January 8, 1999 as the date for the special stockholder meeting, in accordance with the company's Bylaws. Keith R. Lobo, president and chief executive officer of Quickturn Design Systems, Inc., said, "Quickturn appreciates the Court's careful consideration of these important corporate governance issues. We continue to believe the amendments to our Bylaws and stockholder rights plan are reasonable and designed to protect the interests of Quickturn's stockholders." Quickturn Design Systems, Inc. is the leading provider of verification products and time-to-market engineering (TtME(TM)) services for the design of complex ICs and electronic systems. The company's products are used worldwide by developers of high-performance computing, multimedia, graphics and communications systems. Quickturn is headquartered at 55 W. Trimble Road, San Jose, CA 95131-1013; Telephone: 408/914-6000. For more information, visit the Quickturn Web site at www.quickturn.com or send e-mail to info@quickturn.com. # # # -----END PRIVACY-ENHANCED MESSAGE-----