May 24, 1999
AN IMPORTANT REMINDER
CONCERNING THE 1999 ANNUAL MEETING SCHEDULED FOR MAY 27, 1999
Dear Fellow Shareholder:
As we have advised you, our records show that your proxy for the Annual Meeting
of Shareholders of Tultex Corporation has not yet been received.
At the meeting, shareholders will vote on the election of directors, amendments
to the 1996 Stock Incentive Plan and the ratification of the selection of
auditors. While each issue is important, especially critical are the amendments
to the 1996 Stock Incentive Plan increasing the number of shares available to
2,700,000 shares of common stock plus an additional 300,000 shares of common
stock for the Plan's replenishment provision. The amendment is Proposal 2 on
your proxy. The affirmative vote of a majority of shares voting at the meeting
is required to approve these amendments.
THE BOARD OF DIRECTORS BELIEVES THE PLAN BENEFITS THE COMPANY BY ASSISTING IT IN
RECRUITING AND RETAINING OFFICERS AND KEY EMPLOYEES WITH ABILITY AND INITIATIVE,
PROVIDING GREATER INCENTIVE FOR OFFICERS AND KEY EMPLOYEES, AND ALIGNING THE
INTERESTS OF EMPLOYEES WITH THOSE OF THE COMPANY AND ITS STOCKHOLDERS THROUGH
OPPORTUNITIES FOR INCREASED STOCK OWNERSHIP.
Your vote FOR Proposal 2 is important. Please sign, date and return the enclosed
proxy TODAY. You may do so in either of the following ways:
o Fax a copy of your proxy to Frances Beam at First Union National Bank
at 704/590-7598.
o Call your proxy vote to Frances Beam at First Union National Bank at
704/590-7398. You must provide your social security number for
identification.
o Return the proxy in the enclosed self-addressed mailing materials.
o E-mail your proxy vote to Frances Beam at First Union National Bank
at [email protected]. You must provide your social security
number for identification.
Regardless of the number of shares you own, it is important that they are
represented and voted at the meeting. Your interest and participation in this
important matter are sincerely appreciated.
On behalf of the Board of Directors, thank you for your cooperation and
continued support.
Sincerely,
Charles W. Davies, Jr.
President and Chief Executive Officer
<PAGE>
PLEASE VOTE
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Please sign, date and return this proxy TODAY. You may do so in either of the
following ways:
1. Fax a copy of your proxy to Frances Beam at First Union National Bank at
704/590-7598.
2. Call your vote to Frances Beam at First Union National Bank at
704/590-7398. You will need your social security number for identification.
3. Return the proxy in the enclosed self-addressed mailing materials.
4. E-mail your proxy vote to Frances Beam at First Union National Bank at
[email protected]. You must provide your social security
number for identification.
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COMMON STOCK PROXY
TULTEX CORPORATION
P.O. Box 5196, Martinsville, VA 24916
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
The undersigned hereby appoints John M. Franck, Kimberly E. Adkins and
Regina C. Haynes, and each of them, with full power of substitution in each,
Proxies to vote all Common Stock of the undersigned in Tultex Corporation at
the annual meeting to be held on May 27, 1999 and at any and all
adjournments thereof. The Board of Directors recommends a vote FOR Proposals
1, 2 and 3.
<TABLE>
<CAPTION>
<S> <C>
1. Election of Directors.
[ ] FOR the nominees listed below [ ] VOTE WITHHELD To withhold authority
to vote for any individual nominee, strike a
line through the nominee's name in the list
below.
</TABLE>
Nominees: Lynn J. Beasley, Seth P. Bernstein, Charles W. Davies, Jr. Lathan
M. Ewers, Jr. John M. Franck, H. Richard Hunnicut, Jr., Bruce M.
Jacobson, O. Randolph Rollins, Richard M. Simmons, Jr., EXCEPT AS
MARKED TO THE CONTRARY.
2. Approval of amendments to the 1996 Stock Incentive Plan increasing the
number of shares available under the Plan to 2,700,000 shares of common
stock plus an additional 300,000 shares of common stock for the Plan's
replenishment provision.
[ ] FOR [ ] AGAINST [ ] ABSTAIN
3. Ratification of the Board of Directors' appointment of
PricewaterhouseCoopers LLP, independent accountants, as auditors of the
Company.
[ ] FOR [ ] AGAINST [ ] ABSTAIN
4. In their discretion, the Proxies are authorized to vote upon such other
business as may properly come before the meeting.
<PAGE>
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THE PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED BY
THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION
IS MADE, THIS PROXY WILL BE VOTED FOR PROPOSALS 1, 2 AND 3.
Please sign exactly as name
appears below. When shares
are held by joint tenants, both
should sign.
When signing as attorney,
executor, administrator, trustee
or guardian, please vote full
title as such. If a corporation,
please sign in full corporate
name by President or other
authorized officer. If a
partnership, please sign in
partnership name by authorized
person.
Please sign and return, whether
or not you plan to attend the
meeting.
---------------------------------
SIGNATURE
---------------------------------
SIGNATURE IF HELD JOINTLY
DATE: , 1999
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