<PAGE>
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the Registrant [_]
Filed by a Party other than the Registrant [_]
Check the appropriate box:
[X] Preliminary Proxy Statement [_] Confidential, for Use of the
Commission Only (as permitted by
Rule 14a-6(e)(2))
[_] Definitive Proxy Statement
[_] Definitive Additional Materials
[_] Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12
COINMACH LAUNDRY CORPORATION
- --------------------------------------------------------------------------------
(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:
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(2) Aggregate number of securities to which transaction applies:
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(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):
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(4) Proposed maximum aggregate value of transaction:
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(5) Total fee paid:
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[_] 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:
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(2) Form, Schedule or Registration Statement No.:
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(3) Filing Party:
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(4) Date Filed:
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Notes:
<PAGE>
COINMACH LAUNDRY CORPORATION
55 LUMBER ROAD
ROSLYN, NEW YORK 11576
, 1998
Dear Stockholder:
On behalf of the Board of Directors, I cordially invite you to attend a
Special Meeting of Stockholders of Coinmach Laundry Corporation to be held on
, 1998 at 10:00 a.m. at
.
At the Special Meeting you will be asked to approve proposals to amend the
Company's Third Amended and Restated Certificate of Incorporation to increase
the number of the Company's authorized Class A Common Stock from 15,000,000 to
30,000,000 shares and to increase the number of the Company's authorized
Series Preferred Stock from 1,000,000 to 10,000,000 shares. The Company's
Board of Directors approved these proposals because it believes that the
increases in the authorized Class A Common Stock and the authorized Series
Preferred Stock will provide the Company with added flexibility in executing
financings, acquisitions, stock dividends and distributions, issuances under
employee stock plans and other transactions involving the use of stock.
The Board believes that these proposals are in the best interests of the
Company and its Stockholders and recommends that you vote FOR approval of the
proposals.
Regardless of the number of shares you may hold, your vote is important.
Whether or not you expect to attend the Special Meeting, please sign and date
the enclosed proxy and return it promptly by mail in the enclosed envelope.
Sincerely,
Stephen R. Kerrigan
Chairman of the Board
and Chief Executive Officer
<PAGE>
COINMACH LAUNDRY CORPORATION
55 LUMBER ROAD
ROSLYN, NEW YORK 11576
NOTICE OF SPECIAL MEETING OF STOCKHOLDERS
TO BE HELD ON , 1998
NOTICE IS HEREBY GIVEN that a Special Meeting (the "Special Meeting") of the
holders (the "Stockholders") of Class A common stock, par value $.01 per share
("Class A Common Stock") of Coinmach Laundry Corporation (the "Company") will
be held on , , 1998 at 10:00 a.m. local time at
for the following purposes:
(1) To consider and vote upon a proposal to amend the Company's Third
Amended and Restated Certificate of Incorporation to increase the
number of the Company's authorized Class A Common Stock from
15,000,000 to 30,000,000 shares; and
(2) To consider and vote upon a proposal to amend the Company's Third
Amended and Restated Certificate of Incorporation to increase the
number of the Company's authorized Series Preferred Stock, par value
$.01 per share from 1,000,000 to 10,000,000 shares.
Each of the proposals must be approved by the affirmative vote of the
holders of a majority of the outstanding shares of Class A Common Stock.
The Board of Directors has fixed the close of business on , 1998
as the record date for the determination of Stockholders entitled to notice of
and to vote at the Special Meeting, including any adjournments or
postponements thereof.
Please read the enclosed Proxy Statement carefully.
You are cordially invited to attend the Special Meeting in person. If you
would like to attend the Special Meeting and your shares are held by a broker,
bank or other nominee, you must bring to the Special Meeting a recent
brokerage statement or a letter from the nominee confirming your beneficial
ownership of your shares. You must also bring a form of personal
identification. Whether you plan to attend the Special Meeting or not, please
sign and date the enclosed proxy and return it promptly by mail in the
enclosed envelope. No postage is required if mailed in the United States. If
you attend the Special Meeting, you may vote either in person or by proxy.
By Order of the Board of Directors
Robert M. Doyle
Secretary
Roslyn, New York
, 1998
<PAGE>
COINMACH LAUNDRY CORPORATION
55 LUMBER ROAD
ROSLYN, NEW YORK 11576
----------------
SPECIAL MEETING OF STOCKHOLDERS
, 1998
----------------
PROXY STATEMENT
----------------
This Proxy Statement is furnished in connection with the solicitation of
proxies by the Board of Directors (sometimes hereinafter referred to as the
"Board" or the "Board of Directors") of Coinmach Laundry Corporation (the
"Company") to be voted at the special meeting (the "Special Meeting") of the
holders (the "Stockholders") of the Company's class A common stock, par value
$.01 per share ("Class A Common Stock"), to be held on , 1998 at
10:00 a.m., eastern standard time, at
and at any postponement or adjournment thereof, for the purpose set forth in
the foregoing Notice of Special Meeting of Stockholders. This Proxy Statement
and the enclosed form of proxy are being sent to Stockholders commencing on or
about , 1998.
All expenses incident to the solicitation of proxies, including without
limitation, preparing, assembling and mailing the proxy solicitation
materials, will be paid by the Company. The Company has retained [Corporate
Investor Communications, Inc.] to assist in soliciting proxies for a fee of
approximately $ , which includes reimbursement of reasonable out-of-
pocket expenses. Additional solicitation by mail, telephone, telecopier or by
personal solicitation may be effected by directors, officers and regular
employees of the Company, for which they will receive no additional
compensation. Brokerage houses and other nominees, fiduciaries and custodians
nominally holding shares of Class A Common Stock as of the Record Date (as
hereinafter defined) will be requested to forward proxy soliciting material to
the beneficial owners of such shares, and will be reimbursed by the Company
for their reasonable out-of-pocket expenses.
VOTING RIGHTS AND SOLICITATION OF PROXIES
RECORD DATE AND SHARE OWNERSHIP
The Board of Directors has fixed the close of business on , 1998
as the record date for the determination of the Stockholders entitled to
receive notice of, and to vote at, the Special Meeting (the "Record Date"). As
of the Record Date, the Company had two classes of stock outstanding: (i)
Class A Common Stock; and (ii) Class B Non-Voting Common Stock, par value $.01
per share (the "Non-Voting Common Stock"). Holders of record of Class A Common
Stock at the close of business on the Record Date will be entitled to vote at
the Special Meeting. On the Record Date, there were 12,675,661 shares of Class
A Common Stock issued and outstanding and 480,648 shares of Non-Voting Common
Stock issued and outstanding. On the Record Date, no shares of the Company's
Series Preferred Stock, par value $.01 per share ("Series Preferred Stock")
were issued and outstanding.
VOTING AND QUORUM
Each of the proposals set forth in the attached Notice of Special Meeting
must be approved by the affirmative vote of the holders of a majority of the
outstanding shares of Class A Common Stock. Each share of Class A Common
Stock, the only securities of the Company entitled to vote at the Special
Meeting, will be entitled to one vote at the Special Meeting. Holders of Class
A Common Stock are not entitled to cumulate their votes on any matter to be
considered at the Special Meeting. The presence at the Special Meeting, in
person or by proxy, of the holders of a majority of the total number of shares
of Class A Common Stock outstanding on the Record Date constitutes a quorum
for the transaction of business at the Special Meeting.
<PAGE>
Abstentions and broker non-votes (as hereinafter defined) are counted for
the purpose of determining whether a quorum is present at the Special Meeting.
For the purpose of determining whether either of the proposals has received a
majority vote, abstentions will be included in the vote totals with the result
that an abstention will have the same effect as a negative vote. In instances
where brokers are prohibited from exercising discretionary authority for
beneficial owners who have not returned a proxy ("broker non-votes"), those
shares of Class A Common Stock will not be included in the vote total and will
have the same effect as a vote at the Special Meeting against approval of the
proposals.
PROXIES AND REVOCATION OF PROXIES
Proxies in the enclosed form are solicited by the Board of Directors in
order to provide each Stockholder an opportunity to vote on the proposals
scheduled to come before the Special Meeting, whether or not the Stockholder
attends the Special Meeting in person. All proxies received pursuant to this
solicitation will be voted except where authority to vote is specifically
withheld or the Stockholder has elected to abstain and, where a choice is
specified as to the proposals, they will be voted in accordance with such
specification. In the absence of specific directions, properly executed
proxies will be voted "FOR" the proposal to amend the Company's Third Amended
and Restated Certificate of Incorporation to increase the Company's authorized
Class A Common Stock from 15,000,000 to 30,000,000 shares and "FOR" the
proposal to amend the Company's Third Amended and Restated Certificate of
Incorporation to increase the Company's authorized Series Preferred Stock from
1,000,000 to 10,000,000 shares. Any Stockholder submitting a proxy has the
power to revoke the proxy prior to its exercise. A proxy may be revoked (a) by
delivering to the Secretary of the Company at or prior to the Special Meeting
an instrument of revocation or a duly executed proxy bearing a date or time
later than the date or time of the proxy being revoked or (b) at the Special
Meeting if the Stockholder is present and elects to vote in person. Mere
attendance at the Special Meeting will not serve to revoke a proxy.
THE PROPOSALS
PROPOSAL NO. 1: AMENDMENT TO INCREASE AUTHORIZED CLASS A COMMON STOCK
The Board of Directors has unanimously adopted a resolution approving and
recommending to the Stockholders for their adoption and approval an
amendment to ARTICLE FOUR of the Company's Third Amended and Restated
Certificate of Incorporation, which amendment would increase the number of the
Company's authorized Class A Common Stock from 15,000,000 to 30,000,000
shares. The additional shares of Class A Common Stock for which authorization
is sought would be a part of the existing class of Class A Common Stock, and,
if and when issued by the Board of Directors in its discretion for any proper
corporate purpose, would have the same rights and privileges as the shares of
Class A Common Stock currently outstanding. These additional shares could be
issued without further action by Stockholders, unless required by applicable
law or NASDAQ rules. Holders of shares of Class A Common Stock do not have any
preemptive rights.
The Board of Directors believes that the increase in the number of shares of
authorized Class A Common Stock will be advantageous to the Company and its
Stockholders because it will provide the Company with added flexibility in
executing financings, acquisitions, stock dividends and distributions,
issuances under employee stock plans and other transactions involving the use
of stock, without the expense and delay of a special Stockholders' meeting for
each such issuance. The Board of Directors has no present intention to issue
any of the proposed additional shares of Class A Common Stock.
As of January 23, 1998, 12,675,661 of the 15,000,000 shares of Class A
Common Stock currently authorized were issued and outstanding and 1,842,801
shares of Class A Common Stock were reserved for issuance (including shares
reserved for issuance upon conversion of the Non-Voting Common Stock, shares
reserved for issuance upon conversion of certain indebtedness of the Company,
shares reserved for issuance pursuant to the Company's Second Amended and
Restated 1996 Employee Stock Option Plan and shares reserved for issuance,
pursuant to certain stock options granted to members of management and
others).
2
<PAGE>
Although the Board has no present intention of doing so, the Company's
authorized but unissued Class A Common Stock could be issued in one or more
transactions that would make more difficult or costly, and less likely, a
takeover of the Company. The Company is not aware of any pending effort to
obtain control of the Company.
THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR THE ADOPTION AND APPROVAL OF
PROPOSAL NO. 1.
PROPOSAL NO. 2: AMENDMENT TO INCREASE AUTHORIZED SERIES PREFERRED STOCK
The Board of Directors has unanimously adopted a resolution approving and
recommending to the Stockholders for their adoption and approval an
amendment to ARTICLE FOUR of the Company's Third Amended and Restated
Certificate of Incorporation, which amendment would increase the number of the
Company's authorized Series Preferred Stock from 1,000,000 to 10,000,000
shares. The additional shares of Series Preferred Stock for which
authorization is sought would be part of the existing class of Series
Preferred Stock and, would be issuable upon the authorization of the Board of
Directors in one or more series, each having such designations, powers,
preferences and rights including without limitation, dividend rates,
conversion prices, voting rights, redemption prices and maturity dates and
such qualifications, restrictions and limitations as may be fixed by the Board
of Directors in accordance with the provisions of the Company's Third Amended
and Restated Certificate of Incorporation, as amended, and as permitted by
Delaware law. These additional shares could be issued without further action
by Stockholders unless required by applicable law or the rules of any stock
exchange on which such shares may be listed.
The Board of Directors believes that the increase in the number of shares of
authorized Series Preferred Stock will be advantageous to the Company and its
Stockholders because it will provide the Company with added flexibility in
executing financings, acquisitions, stock dividends and distributions and
other transactions involving the use of stock without the expense and delay of
a special Stockholders' meeting for each such issuance.
As of January 23, 1998, none of the 1,000,000 shares of Series Preferred
Stock currently authorized were issued and outstanding or reserved for
issuance. The Board of Directors has no present intention to issue any shares
of Series Preferred Stock. Series Preferred Stock could be issued in one or
more transactions that would make more difficult or costly, and less likely, a
takeover of the Company. The Company is not aware of any pending effort to
obtain control of the Company.
The Board of Directors recommends a vote FOR the adoption and approval of
Proposal No. 2.
CERTAIN VOTING ARRANGEMENTS
The Company and each of Golder, Thoma, Cressey, Rauner Fund IV, L.P.
("GTCR"), the holder of 3,008,402 shares of Class A Common Stock (or
approximately 23.73% of the outstanding Class A Common Stock entitled to vote
at the Special Meeting), MCS Capital, Inc. ("MCS"), the holder of 321,869
shares of Class A Common Stock (or approximately 2.53% of the outstanding
Class A Common Stock entitled to vote at the Special Meeting), Mitchell Blatt,
the holder of 298,845 shares of Class A Common Stock (or approximately 2.36%
of the outstanding Class A Common Stock entitled to vote at the Special
Meeting), President and Fellows of Harvard College, the holders of 100,273
shares of Class A Common Stock (or approximately 0.79% of the outstanding
Class A Common Stock entitled to vote at the Special Meeting), and Robert M.
Doyle, Michael E. Stanky, Charles Prato, James N. Chapman, Michael Marrus,
David Tulkop, Russell Harrison, Sash A. and Mary Spencer, the holders of an
aggregate of 174,104 shares of Class A Common Stock (or approximately 1.37% of
the outstanding Class A Common Stock entitled to vote at the Special Meeting),
are parties to a Voting Agreement dated July 23, 1996, pursuant to which such
Stockholders agreed to vote their shares of Class A Common Stock so that the
Board of Directors will consist of (i) two persons designated by GTCR
(currently Messrs. Rauner and Donnini), (ii) two persons who are officers,
employees or management of the Company and are designated by the holders of a
majority of Class A Common Stock held by executive officers of the Company
(currently Messrs. Kerrigan and Blatt), (iii) two persons jointly designated
by GTCR and Mr. Kerrigan (currently Mr. Chapman and Dr. Laffer), and (iv) one
person designated by GTCR and approved by Mr. Kerrigan (currently Mr. Cerri).
3
<PAGE>
SECURITY OWNERSHIP OF CERTAIN
BENEFICIAL HOLDERS AND MANAGEMENT
The following table sets forth the beneficial ownership of Class A Common
Stock as of January 23, 1998, by (i) each person known by the Company to own
more than 5% of the outstanding shares of Class A Common Stock; (ii) each
director of the Company; (iii) each executive officer of the Company; and (iv)
all directors and executive officers as a group. Except as set forth in the
footnotes to the table, the persons and entities named in the table have sole
voting and investment power with respect to all shares of Class A Common Stock
which they beneficially own.
<TABLE>
<CAPTION>
AMOUNT AND
NATURE OF
BENEFICIAL PERCENT OF
BENEFICIAL OWNER OWNERSHIP CLASS (1)
---------------- ---------- ----------
<S> <C> <C>
Golder, Thoma, Cressey, Rauner Fund IV, L.P. .... 3,008,402(2) 23.7%
6100 Sears Tower
Chicago, IL 60606
MCS Capital, Inc. ............................... 445,110(3) 3.5%
c/o Coinmach Corporation
521 East Morehead, Suite 590
Charlotte, NC 28202
OFFICERS AND DIRECTORS
----------------------
Stephen R. Kerrigan.............................. 445,110(3) 3.5%
Mitchell Blatt................................... 358,845(4) 2.8%
Robert M. Doyle.................................. 124,233(5) 1.0%
Michael E. Stanky................................ 85,155(6) *
John E. Denson................................... 9,046(7) *
Bruce V. Rauner.................................. 3,008,402(2) 23.7%
David A. Donnini................................. 3,008,402(2) 23.7%
James N. Chapman................................. 20,064(8) *
Arthur B. Laffer................................. 30,000(9) *
Stephen G. Cerri................................. 30,000(9) *
All Officers and Directors as a group (10
persons)........................................ 4,110,855(10) 31.5%
</TABLE>
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*Percentage of shares beneficially owned does not exceed 1% of Class A
Common Stock outstanding.
(1) Share percentage ownership is rounded to nearest tenth of 1% and reflects
the effect of dilution as a result of outstanding options to the extent
such options are, or within 60 days will become, exercisable. Shares
underlying any option which was exercisable on January 23, 1998 or
becomes exercisable within the next 60 days ("Presently Exercisable
Options") are deemed outstanding only for purposes of computing the share
ownership and share ownership percentage of the holder of such option.
Beneficial ownership is determined in accordance with the rules of the
Securities and Exchange Commission that deem shares to be beneficially
owned by any person who has voting or investment power with respect to
such shares. Presently Exercisable Options are deemed to be outstanding
and to be beneficially owned by the person or group holding such options
for the purpose of computing the percentage ownership of such person or
group, but are not treated as outstanding for the purpose of computing
the percentage ownership of any other person or group.
(2) Such shares are held by GTCR, of which GTCR IV, L.P. ("GTCR IV"), is the
general partner. Mr. Rauner and Mr. Donnini are principals of Golder,
Thoma, Cressey, Rauner, Inc., the general partner of GTCR IV. Mr. Rauner
and Mr. Donnini each disclaim beneficial ownership of such shares.
(3) Such shares are owned beneficially by MCS, a corporation controlled by
Mr. Kerrigan. Includes shares underlying Presently Exercisable Options
held by MCS to purchase an aggregate of 123,241 shares of Class A Common
Stock at an exercisable price of $11.90 per share. Does not include
shares underlying options held by MCS to purchase an aggregate of 184,857
shares of Class A Common Stock at an exercise price of $11.90 per share,
which options are not Presently Exercisable Options.
4
<PAGE>
(4) Includes shares underlying Presently Exercisable Options to purchase an
aggregate of 20,000 shares of Class A Common Stock at an exercise price
of $11.90 per share and 40,000 shares of Class A Common Stock at an
exercise price of $14.00 per share. Does not include shares underlying
options to purchase an aggregate of 80,000 shares of Class A Common Stock
at an exercise price of $11.90 per share and 60,000 shares of Class A
Common Stock at an exercise price of $14.00 per share, which options are
not Presently Exercisable Options.
(5) Includes shares underlying Presently Exercisable Options to purchase an
aggregate of 48,756 shares of Class A Common Stock at an exercise price
of $11.90 per share. Does not include shares underlying options to
purchase an aggregate of 123,134 shares of Class A Common Stock at an
exercise price of $11.90 per share, which options are not Presently
Exercisable Options.
(6) Includes shares underlying Presently Exercisable Options to purchase an
aggregate of 61,409 shares of Class A Common Stock at exercise price of
$11.90 per share. Does not include shares underlying options to purchase
an aggregate of 62,112 shares of Class A Common Stock at an exercise
price of $11.90 per share, which options are not Presently Exercisable
Options.
(7) Represents shares underlying Presently Exercisable Options to purchase an
aggregate of 9,046 shares of Class A Common Stock at an exercisable price
of $11.90 per share. Does not include shares underlying options to
purchase an aggregate of 17,253 shares of Class A Common Stock at an
exercise price of $11.90 per share, which options are not Presently
Exercisable Options.
(8) Includes shares underlying Presently Exercisable Options to purchase an
aggregate of 11,503 shares of Class A Common Stock at an exercise price
of $11.90 per share. Does not include shares underlying options to
purchase an aggregate of 17,253 shares of Class A Common Stock at an
exercise price of $11.90 per share, which options are not Presently
Exercisable Options.
(9) Represents shares underlying Presently Exercisable Options to purchase an
aggregate of 30,000 shares of Class A Common Stock at an exercise price
of $14.00 per share. Does not include shares underlying options to
purchase an aggregate of 30,000 shares of Class A Common Stock at an
exercise price of $14.00 per share, which options are not Presently
Exercisable Options.
(10) In calculating the shares beneficially owned by executive officers and
directors as a group, (i) 3,008,402 shares of Class A Common Stock owned
by GTCR and included in the beneficial ownership amounts of each of
Messrs. Rauner and Donnini, and (ii) 445,110 shares of Class A Common
Stock owned by MCS and included in the beneficial ownership amount of Mr.
Kerrigan, in each case as set forth in the table above, are included only
once. In calculating the percentage of shares owned by executive officers
and directors as a group, the shares of Class A Common Stock underlying
all options which are beneficially owned by executive officers and
directors and which are Presently Exercisable Options are deemed
outstanding.
5
<PAGE>
STOCKHOLDER PROPOSALS
Proposals of Stockholders intended to be presented at the 1998 Annual
Meeting of Stockholders of the Company must be received by the Company for
inclusion in the Proxy Statement and form(s) of proxy relating to such Annual
Meeting no later than February 12, 1998. Stockholder proposals should be
directed to the attention of the Secretary of the Company at the Company's
principal executive offices at 55 Lumber Road, Roslyn, New York 11576. Timely
receipt of a Stockholder's proposal will satisfy only one of several
conditions established by the Securities and Exchange Commission for inclusion
in the Company's proxy materials.
OTHER MATTERS
The Board of Directors knows of no other business to be transacted at the
Special Meeting.
By Order of the Board of Directors
Robert M. Doyle
Secretary
Roslyn, New York
, 1998
6
<PAGE>
COINMACH LAUNDRY CORPORATION
Solicited by the Board of Directors of the Company
Stockholder's Proxy
The undersigned hereby appoints Stephen R. Kerrigan and Robert M. Doyle, or
any one or more of them, each with full power of substitution, the proxy or
proxies of the undersigned to vote the shares of Class A Common Stock of
Coinmach Laundry Corporation which the undersigned would be entitled to vote if
personally present at the Special Meeting of Stockholders of Coinmach Laundry
Corporation (the "Company") to be held on _________, 1998, at 10:00 a.m., at
______________________________________________________________________________,
and at any and all adjournments or postponements thereof.
THIS PROXY IS CONTINUED ON THE REVERSE SIDE
PLEASE SIGN ON THE REVERSE SIDE AND RETURN PROMPTLY
<PAGE>
The shares represented by this proxy, which revokes all prior proxies, will be
voted as directed by the stockholder. If no direction is given, such shares will
be voted "FOR" Items 1 and 2.
[_]
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ACCOUNT NUMBER Class A Common Stock
- -------------------------------------------------------------------------------
The Board of Directors Recommends a Vote "FOR" Items 1 and 2
- -------------------------------------------------------------------------------
Item 1 -- Proposal to amend the Company's Third Amended and Restated Certificate
of Incorporation to increase the number of the Company's authorized Class A
Common Stock, par value $.01 per share from 15,000,000 to 30,000,000 shares.
FOR AGAINST ABSTAIN
[_] [_] [_]
- -------------------------------------------------------------------------------
Item 2 -- Proposal to amend the Company's Third Amended and Restated Certificate
of Incorporation to increase the number of the Company's authorized Series
Preferred Stock, par value $.01 per share from 1,000,000 to 10,000,000 shares.
FOR AGAINST ABSTAIN
[_] [_] [_]
- -------------------------------------------------------------------------------
Please mark, date and sign your name
exactly as it appears at the left and
return promptly in the enclosed envelope.
For joint accounts, each joint owner should
sign. When signing as an attorney,
executor, administrator, trustee, guardian,
or other officer of a corporation, please
give your full title as such. If stock is
owned by a partnership or corporation,
please indicate your capacity in signing
the proxy.
Date 1998
-----------------------------------
-------------------------------------------
Signature
-------------------------------------------
Signature
