SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)
Weis Markets, Inc.
---------------------------------------
(Name of Issuer)
COMMON STOCK, NO PAR VALUE
---------------------------------------
(Title of Class of Securities)
948849-104
---------------------------------------
(CUSIP Number)
Edward D. Herlihy, Esq.
Wachtell, Lipton, Rosen & Katz
51 West 52nd Street
New York, New York 10019
---------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 8, 1999
---------------------------------------
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Section 240.13d-1(e), Section 240.13d-1(f) or Section
240.13d-1(g), check the following box: [X]+
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
+ Each of Michael M. Apfelbaum and Sidney Apfelbaum have previously filed a
statement on Schedule 13G made pursuant to Rule 13d-1(c).
<PAGE>
CUSIP NO. 948849-104 Schedule 13D/A Page 2 of 14
-----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Weis Family Holdings, L.P.
I.R.S. I.D. No. 51-0390495
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
8,087,773
---------------------------------------------------
8 SHARED VOTING POWER
0
---------------------------------------------------
9 SOLE DISPOSITIVE POWER
8,087,773
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,090,626 shares of Common Stock*
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41%*
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
-----------------------------------------------------------------------------
* Together with the other Reporting Persons.
<PAGE>
CUSIP NO. 948849-104 Schedule 13D/A Page 3 of 14
-----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Weis Family Holdings, L.L.C.
I.R.S. I.D. No. 51-0390495
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
8,087,773
---------------------------------------------------
8 SHARED VOTING POWER
0
---------------------------------------------------
9 SOLE DISPOSITIVE POWER
8,087,773
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,090,626 shares of Common Stock*
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41%*
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
-----------------------------------------------------------------------------
* Together with the other Reporting Persons.
<PAGE>
CUSIP NO. 948849-104 Schedule 13D/A Page 4 of 14
-----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Janet C. Weis
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
8,132,411
---------------------------------------------------
8 SHARED VOTING POWER
0
---------------------------------------------------
9 SOLE DISPOSITIVE POWER
8,132,411
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,090,626 shares of Common Stock*
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41%*
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
-----------------------------------------------------------------------------
* Together with the other Reporting Persons.
<PAGE>
CUSIP NO. 948849-104 Schedule 13D/A Page 5 of 14
-----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael M. Apfelbaum
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
27,064
---------------------------------------------------
8 SHARED VOTING POWER
3,781,945
---------------------------------------------------
9 SOLE DISPOSITIVE POWER
3,088
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,781,945
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,090,626 shares of Common Stock*
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41%*
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
-----------------------------------------------------------------------------
* Together with the other Reporting Persons.
<PAGE>
CUSIP NO. 948849-104 Schedule 13D/A Page 6 of 14
-----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sidney Apfelbaum
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
2,409,313
---------------------------------------------------
8 SHARED VOTING POWER
165,614
---------------------------------------------------
9 SOLE DISPOSITIVE POWER
2,409,313
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
189,590
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,090,626 shares of Common Stock*
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41%*
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
-----------------------------------------------------------------------------
* Together with the other Reporting Persons.
<PAGE>
CUSIP NO. 948849-104 Schedule 13D/A Page 7 of 14
-----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Susan Weis Mindel
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
724,085
---------------------------------------------------
8 SHARED VOTING POWER
2,766,131
---------------------------------------------------
9 SOLE DISPOSITIVE POWER
724,085
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,766,131
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,090,626 shares of Common Stock*
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41%*
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
-----------------------------------------------------------------------------
* Together with the other Reporting Persons.
<PAGE>
CUSIP NO. 948849-104 Schedule 13D/A Page 8 of 14
-----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joel S. Mindel
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
12,150
---------------------------------------------------
8 SHARED VOTING POWER
0
---------------------------------------------------
9 SOLE DISPOSITIVE POWER
12,150
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,090,626 shares of Common Stock*
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41%*
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
-----------------------------------------------------------------------------
* Together with the other Reporting Persons.
<PAGE>
CUSIP NO. 948849-104 Schedule 13D/A Page 9 of 14
-----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nancy Weis Wender
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
727,528
---------------------------------------------------
8 SHARED VOTING POWER
2,653,935
---------------------------------------------------
9 SOLE DISPOSITIVE POWER
727,528
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,653,935
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,090,626 shares of Common Stock*
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41%*
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
-----------------------------------------------------------------------------
* Together with the other Reporting Persons.
<PAGE>
CUSIP NO. 948849-104 Schedule 13D/A Page 10 of 14
-----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ellen Weis Goldstein
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
737,444
---------------------------------------------------
8 SHARED VOTING POWER
2,736,317
---------------------------------------------------
9 SOLE DISPOSITIVE POWER
737,444
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,736,317
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,090,626 shares of Common Stock*
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41%*
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
-----------------------------------------------------------------------------
* Together with the other Reporting Persons.
<PAGE>
CUSIP NO. 948849-104 Schedule 13D/A Page 11 of 14
-----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joseph I. Goldstein
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5,542
---------------------------------------------------
8 SHARED VOTING POWER
4,555
---------------------------------------------------
9 SOLE DISPOSITIVE POWER
5,542
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,555
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,090,626 shares of Common Stock*
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
41%*
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
-----------------------------------------------------------------------------
* Together with the other Reporting Persons.
<PAGE>
CUSIP NO. 948849-104 Schedule 13D/A Page 12 of 14
AMENDMENT NO. 3 TO
STATEMENT ON SCHEDULE 13D
Reference is made to the Statement on Schedule 13D (the "Schedule 13D")
filed on May 28, 1999 by Janet C. Weis ("Janet Weis"), Weis Family Holdings,
L.P. ("WFHLP") and Weis Family Holdings, L.L.C. ("WFHLLC"), the Statement on
Schedule 13G filed on December 28, 1998 by Michael M. Apfelbaum ("Michael
Apfelbaum"), as amended, and the Statement on Schedule 13G filed on December
18, 1998 by Sidney Apfelbaum, as amended, with respect to their beneficial
ownership of the common stock, no par value ("Common Stock"), of Weis Markets,
Inc., a Pennsylvania corporation (the "Issuer"), each as amended by Amendment
No. 1 to Schedule 13D filed November 30, 1999 ("Amendment No. 1") and Amendment
No. 2 to Schedule 13D filed December 2, 1999. This Amendment No. 3 to Schedule
13D amends the Schedule 13D as follows. Capitalized terms used without
definition in this Amendment No. 3 to the Schedule 13D shall have the meanings
set forth in Amendment No. 1.
Item 4. Purpose of Transaction.
Item 4 is hereby amended and supplemented by adding the following:
On December 8, 1999 the Reporting Persons issued a press release renewing
its call for a special meeting of the shareholders of Weis Markets to consider
the Reporting Persons' proposal to reconstitute the Board of Directors and to
commence a process to evaluate all options for maximizing shareholder value and
urged the Board of Directors to set a record date and give notice therefor. A
copy of this press release is attached as Exhibit 99.7 hereto.
Item 7. Material to be Filed as Exhibits.
Item 7 is hereby amended and supplemented by adding the following:
Exhibit 99.7 Press Release, dated December 8, 1999
<PAGE>
CUSIP NO. 948849-104 Schedule 13D/A Page 13 of 14
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: December 8, 1999
WEIS FAMILY HOLDINGS, L.P.,
By: WEIS FAMILY HOLDINGS, L.L.C.,
its General Partner
By: *
-------------------
Name: Janet C. Weis
Title: Manager
WEIS FAMILY HOLDINGS, L.L.C.,
By: *
-------------------
Name: Janet C. Weis
Title: Manager
*
-------------------------------
JANET C. WEIS
*
-------------------------------
MICHAEL M. APFELBAUM
*
-------------------------------
SIDNEY APFELBAUM
/s/ Susan Weis Mindel
-------------------------------
SUSAN WEIS MINDEL
*
-------------------------------
JOEL MINDEL
*
-------------------------------
NANCY WEIS WENDER
<PAGE>
CUSIP NO. 948849-104 Schedule 13D/A Page 14 of 14
*
-------------------------------
ELLEN WEIS GOLDSTEIN
*
-------------------------------
JOSEPH I. GOLDSTEIN
* By: /s/ Susan Weis Mindel
---------------------
SUSAN WEIS MINDEL
Attorney-in-fact
Exhibit 99.7
WEIS MARKETS SHAREHOLDERS COMMITTEE
RENEWS CALL FOR SPECIAL SHAREHOLDERS MEETING
News Release
For Immediate Release Contact: David W. Schuster
The Torrenzano Group
(212) 681-1700 ext.103
SUNBURY, PA--December 8--The Weis Markets Shareholders Committee, comprised of
various members of the Weis family and related trusts and foundations holding
approximately 41% of the outstanding shares of Weis Markets (NYSE: WMK), today
strongly renewed its call on the Company to set a record date for and give
notice of a special meeting of shareholders of Weis Markets to consider the
Committee's proposal to reconstitute the membership of the Board of Directors
and commence a process to evaluate all options for maximizing shareholder value.
Janet Weis and Sidney Apfelbaum stated on behalf of the committee: "We are
disappointed that the Board of Directors of Weis Markets has ignored repeated
requests to commence a fair and open process in which all principal shareholder
constituencies would come together to evaluate the best strategic options
available to maximize value for the benefit of all shareholders.
"We trust that the Board will abide by its clear obligations under the Company's
by-laws and promptly convene a special meeting of shareholders, to be held no
later than February 7, so all shareholders can have a voice in determining their
financial future. We remain open to all options that deliver full and fair value
to all shareholders of the Company, and believe that any consideration of such
options must start with a fair and informed evaluation of the potential for
strategic merger combinations involving Weis Markets.
"We are confident that the voice of the majority of the Weis Markets shareholder
base will be heard and that a just process can be started that will serve their
interests. We remain committed to a process that provides appropriate
protections of the interests of Weis Markets' employees and communities."
They concluded, "The `dissident' group, as the Company has chosen to refer to
us, remains united in its cause. We look forward to a fair and open referendum
on our platform and a constructive dialogue among all shareholders as we work
together to serve the best interests of all Weis Markets constituencies. The
company's attempts to cast us as a select few pursuing our own individual
interest are disingenuous. We will continue to actively pursue efforts to serve
all shareholders and enhance value for all."
Weis Markets, Inc. is based in Sunbury, Pennsylvania and operates approximately
164 stores in six states: Pennsylvania, Maryland, New Jersey, New York, Virginia
and West Virginia. The company was founded in 1912 by brothers Harry Weis and
Sigmund Weis. Weis Markets conducted its initial public offering in 1965.
Sigmund Weis's son, the late Sigfried Weis, was a member of the
<PAGE>
company's Board of Directors from 1947 until 1995, became President of the
Company in 1961 and was Janet Weis's husband.
The Shareholders Committee is comprised of Janet C. Weis and descendants of
Janet and Sigfried Weis and their families, a family partnership and the
trustees of family trusts and foundations, including Michael M. Apfelbaum and
Joseph I. Goldstein, who also serve as directors of Weis Markets.
Certain Additional Information
Members of the Shareholders Committee have filed a preliminary proxy statement
with the Securities and Exchange Commission related to a proposed solicitation
of shareholder proxies at the special meeting of shareholders of the company.
The preliminary proxy statement contains important information, including
additional information about the views and members of the Shareholders Committee
as well as the individuals the Shareholders Committee intends to nominate to be
elected to the company's board of directors. You should read the preliminary
proxy statement in its entirety. It can be obtained free of charge at the
Securities and Exchange Commission's web site (www.sec.gov) or by requesting a
copy from MacKenzie Partners, Inc., (212) 929-5500 (call collect) or (800)
322-2888 (toll-free).
The participants in the proposed solicitation of proxies are Janet C. Weis and
certain members of her family, Sidney Apfelbaum (on behalf of the Charles B.
Degenstein Foundation), Michael M. Apfelbaum, John S. Furst and Jeffrey E.
Perelman. In the aggregate, the members of the Shareholders' Committee
beneficially own 17,090,626 shares of common stock, or 41% of such shares
outstanding (based on information provided by Weis Markets, Inc. in its
Quarterly Report on Form 10-Q for the quarter ended September 25, 1999).
In connection with Salomon Smith Barney's engagement as financial advisor to the
Shareholders' Committee, the Committee anticipates that with respect to the
proposed solicitation certain employees of Salomon Smith Barney may communicate
in person, by telephone or otherwise with a limited number of institutions,
brokers or other persons who are shareholders for the purpose of assisting in
such proposed solicitation. Salomon Smith Barney will not receive any fee for,
or in connection with, such solicitation activities, apart from the fees to
which they are otherwise entitled under the terms of their engagement.
In the ordinary course of its business, Salomon Smith Barney maintains customary
arrangements and may affect transactions in the securities of Weis Markets, Inc.
for the accounts of its customers. As of November 29, 1999, Salomon Smith Barney
did not beneficially own any shares of Weis Markets, Inc. common stock and held
of record 365,667 such shares for customer accounts.
-2-
