SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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 Rule 14a-6(e)(2)
|_| Definitive Proxy Statement
|X| Definitive Additional Materials
|_| Soliciting Material Pursuant to ss.240.14a-11(c) or ss.240.14a-12
Del Webb 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:
--------------------------------------------------------------------
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 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 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:
--------------------------------------------------------------------
<PAGE>
Contact: Lynne Reaves FOR IMMEDIATE RELEASE
(602) 808-8091
PROXY MONITOR RECOMMENDS SUPPORT
OF DEL WEBB CORPORATION NOMINEES
Phoenix, AZ (Oct. 23 2000) (WBB:NYSE/PCX) -- Del Webb Corporation today
announced that Proxy Monitor, a national institutional shareholder advisory
firm, has recommended shareholders vote FOR the Del Webb slate of nominees to
the Board of Directors instead of the Board nominees from a dissident group,
Pacific Partners.
Del Webb's Annual Meeting of Stockholders is scheduled for Nov. 2, 2000.
Proxy Monitor told its clients that Del Webb's sales and earnings have shown a
"steady increase" and that under Del Webb's "new CEO several initiatives have
been taken to improve the company's performance."
"The incumbent regime should be given the opportunity to stay the course and
therefore we recommend that shareholders vote for the incumbent slate of
directors," said Proxy Monitor.
Proxy Monitor advised its clients to a vote the WHITE proxy card for the
incumbents. Proxy Monitor also recommended shareholders vote in favor of the Del
Webb Corporation 2000 Executive Long-Term Incentive Plan and the Del Webb 2000
Executive Management Incentive Plan.
more
<PAGE>
Proxy Monitor, based in New York City, is a widely respected independent proxy
research, voting and auditing advisor whose clients include more than 150
institutional investors.
LeRoy Hanneman, President and Chief Executive Officer of Del Webb, said, "We are
very pleased with the Proxy Monitor recommendation. They have a strong
reputation for advocacy of shareholder interests. We strongly urge shareholders
to follow Proxy Monitor's recommendation and to sign, date and return their
WHITE proxy cards with a vote FOR the Board's nominees."
Del Webb Corporation, based in Phoenix, is the nation's leading builder of
active adult communities for people age 55 and older. The company operates 12
active adult communities in markets including Phoenix and Tucson, Ariz.; Las
Vegas, Nev; Palm Desert, Lincoln and Cloverdale, Calif.; Hilton Head, S.C.;
Georgetown, Texas; Ocala, Fla; and Chicago, Il. The company also builds family
and country club communities in Phoenix and Las Vegas.
-30-
