-----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, QA6shRBq/Awi+Yv536Xfs75p6sZ7R7Rh3ecY4ZLvg5l2pGazvM8FkERBOVDzsUFY NZdOfAi3xZtWCROVanQB1g== 0001091818-02-000398.txt : 20020815 0001091818-02-000398.hdr.sgml : 20020815 20020815132844 ACCESSION NUMBER: 0001091818-02-000398 CONFORMED SUBMISSION TYPE: DFAN14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020815 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COATES C ROBERT CENTRAL INDEX KEY: 0001168232 FILING VALUES: FORM TYPE: DFAN14A BUSINESS ADDRESS: STREET 1: 100 FIELD DRIVE STREET 2: SUITE 130 CITY: LAKE FOREST STATE: IL ZIP: 60045 BUSINESS PHONE: 8002950841 (X220) SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NORTHFIELD LABORATORIES INC /DE/ CENTRAL INDEX KEY: 0000920947 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] IRS NUMBER: 363378733 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: DFAN14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-24050 FILM NUMBER: 02739426 BUSINESS ADDRESS: STREET 1: 1560 SHERMAN AVE STREET 2: SUITE 1000 CITY: EVANSTON STATE: IL ZIP: 60201-4800 BUSINESS PHONE: 8478643500 MAIL ADDRESS: STREET 1: 1560 SHERMAN AVE STE 1000 STREET 2: 37TH FLOOR CITY: EVANSTON STATE: IL ZIP: 60201-4800 DFAN14A 1 north020815_dfan14a.txt PRESS RELEASE ================================================================================ 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 [ ] Definitive Additional Materials [X] Soliciting Material Under Rule 14a-12 NORTHFIELD LABORATORIES INC. (Name of Registrant as Specified in its Charter) C. ROBERT COATES ---------------- (Name of Person(s) Filing Proxy Statement if other than the Registrant) Payment of Filing Fee (Check the appropriate box): [X] No fee required. [ ] $125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-6(i)(1), 14a-6(i)(2) or Item 22(a)(2) of Schedule 14A. [ ] 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: C. Robert Coates 4) Date Filed: August 15, 2002 ================================================================================ Press Release SOURCE: C. Robert Coates Coates Proxy Campaign for Northfield Cited by Crain's Chicago Business LAKE FOREST, Ill., Aug. 15 - The campaign spearheaded by C. Robert Coates and Bert R. Williams III to secure seats as independent candidates on Northfield Laboratories' (Nasdaq: NFLD) expanded seven-member board receives prominent play in the latest issue (Aug. 12, 2002) of Crain's Chicago Business. Highlighted in the article, "A Shareholder Activist Has Shaken Up Northfield Laboratories Inc.," is Coates' dissatisfaction with current management for failing to advance its PolyHeme product with the Food and Drug Administration and for dawdling over a decision to line up a partnership with a major pharmaceutical company to capitalize on the blood substitute's potential. The article also cited the dismal performance of Northfield's stock, which is now selling below $4 a share, down from a high of $34.88 in March 2000. Maryland-based Institutional Shareholder Services (ISS), which keeps institutional investors abreast of corporate governance issues, told the business publication that before it takes a stand on Mr. Coates' slate it plans to review Northfield's proxy. Quoting Patrick McGurn, a vice president of ISS, the article continued: "He (Coates) seems to be a bona fide investor who looks for obscure and seemingly undervalued companies, and he hounds them to make changes." Northfield Chairman and CEO Steven A. Gould told Crain's that the company continues to hold discussions with the FDA but "It is certainly possible we will need to do more tests." The executive said more testing would eat up the company's cash supply of $18 million -- a supply that would otherwise last 18 months. Commenting on the Crain's article, Mr. Coates said Northfield's poor performance in the market speaks volumes about how investors are judging this company. "Uncertainty from Northfield is killing the stock," he said. Mr. Coates is urging Northfield shareholders to submit only the Coates-Williams proxy for the Sept. 13 annual meeting. Contact Information If you are a shareholder with comments, suggestions or questions about receiving a Coates-Williams proxy, please call Simon Goldberg of the Robert Coates Group at 1-800-295-0841, extension 240 or e-mail us at sgoldberg@rcoates.com. SOURCE: C. Robert Coates -----END PRIVACY-ENHANCED MESSAGE-----