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 Section 240.14a-11(c) or
Section 240.14a-12
PS FINANCIAL INC.
- -----------------------------------------------------------------------------
(Name of Registrant as Specified in Its Charter)
Paul J. Duggan
- -----------------------------------------------------------------------------
(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 Rule O-11(c)(1)(ii), 14a-6(i)(l), 14a-6(i)(2) or
Item 22(a)(2) of Schedule 14A.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and O-11.
1) Title of each class of securities to which transaction applies:
Not applicable
2) Aggregate number of securities to which transaction applies:
Not applicable
3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule O-11
(Set forth the amount on which the filing fee is calculated and
state how it was determined):
Not applicable
4) Proposed maximum aggregate value of transaction:
Not applicable
5) Total fee paid:
Not applicable
[ ] Fee paid previously by written preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange
Act Rule O-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: Not applicable
2) Form Schedule or Registration Statement No.: Not applicable
3) Filing Party: Not applicable
4) Date Filed: Not applicable
<PAGE>
Paul J. Duggan
and The Committee to Enhance Shareholder Value
An Extremely Important Message to
PS Financial, Inc. Stockholders
April 17, 2000
Dear Fellow Stockholders:
You have recently received correspondence from our Committee and from PS
Financial ("PSFI") regarding the Annual Meeting of Stockholders.
Ask yourself the following questions.
o Are you satisfied with the current stock price?
o Do you think management will do what is best for you or best for them?
o Do you believe a one-office Thrift in Chicago is the best plan for the
future?
Do not be swayed by anything management tried to tell you in its last
self-serving letter. Let us finish the job we started .... and fight for the
best possible future for all PSFI stockholders. A new and independent voice,
working on your behalf on the Board of Directors will make a difference.
This is the key question you should consider: who do you trust to guide PSFI in
the future? If you agree that the answer is our experienced, independent
director, you owe it to yourself to support and vote FOR Paul J. Duggan.
If you want to vote for our director nominee--and we urge that you do--please
sign, date and return the enclosed BLUE proxy today. Even if the last proxy you
returned was a white proxy, you can still vote for the Committee by completing
and returning the enclosed BLUE proxy. Remember you are entitled to vote every
share you owned on the March 15th record date.
Time is short. Please vote today.
Thank you for your time and attention to this very important matter.
Very truly yours,
/s/ Paul J. Duggan and
Paul J. Duggan and
The Committee to Enhance Shareholder Value
(Call toll free 1-888-522-5332)
