SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)
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 2, 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. 2 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"). This
Amendment No. 2 to Schedule 13D amends the Schedule 13D as follows.
Capitalized terms used without definition in this Amendment No. 2 to the
Schedule 13D shall have the meanings set forth in Amendment No. 1.
Item 4. Purpose of Transaction.
Item 4 of Amendment No. 1 is hereby amended and supplemented by adding
the following:
On December 2, 1999 the Reporting Persons issued a press release
reiterating their call for the Issuer to explore all options to maximize
shareholder value including merger opportunities and requesting a prompt meeting
of representatives of the principal shareholders of the Issuer. A copy of this
press release is attached as Exhibit 99.6 hereto.
Item 7. Material to be Filed as Exhibits.
Item 7 of Amendment No. 1 is hereby amended and supplemented by adding
the following:
Exhibit 99.6 Press Release, dated December 2, 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 3, 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 99.6
WEIS MARKETS SHAREHOLDERS COMMITTEE
REITERATES CALL FOR COMPANY TO EXPLORE ALL OPTIONS TO
MAXIMIZE SHAREHOLDER VALUE INCLUDING MERGER OPPORTUNITIES
News Release
For Immediate Release Contact: David W. Schuster
The Torrenzano Group
(212) 681-1700 ext.103
SUNBURY, Pa.--Dec. 2, 1999--Certain members of the Weis family and related
trusts and foundations (the Shareholders Committee) holding approximately 41% of
the outstanding shares of Weis Markets, Inc. (NYSE: WMK) today reiterated their
call for the company to explore all options to maximize shareholder value
including merger opportunities.
Janet Weis and Sidney Apfelbaum, on behalf of the Shareholders Committee
stated, "We are at an important stage in the company's history. We seek full
inclusion of all principal shareholders and their representatives in a
constructive dialogue on the merits of all opportunities to maximize
shareholder value while protecting the interests of employees and the local
community. Accordingly, we request a prompt meeting - within the next several
days - of the representatives of all principal shareholders. We urge the company
to begin a fair and open process.
"We are united in our conviction that any transaction must be fair to all
shareholders and properly protective of employees and the communities the
company serves. We have no interest in a transaction that would provide for
the sale of our shares that would not also include all other shareholders.
"This process must start by examining the full range of strategic options
available to Weis Markets and cannot exclude potential merger combinations. As
competitive conditions in the industry continue to undergo dramatic change
through rapid consolidation, it is our belief that now is the wrong time - as
the company suggests - to ignore the opportunity to seek a strategic partner
for Weis Markets.
"During the past five years, representatives of certain individual members of
the Shareholders Committee have independently and informally encouraged Weis
Markets to consider a business combination as a way to maximize shareholder
value. During this same period of time, Weis Markets dramatically
under-performed the S&P 500 and witnessed an unprecedented level of
consolidation in the food retailing industry. The Shareholders Committee is
clearly disappointed that, after less than 48 hours consideration, the
management of Weis Markets - without even convening a board meeting -
summarily dismissed the formal request of 41% of its shareholders to give
serious consideration to a business combination or merger transaction. We
strongly believe, given the dramatic changes underway in food retailing, that
such a transaction could be in the best interests of all shareholders. We will
continue to pursue action to ensure that this alternative is fully explored.
"It is particularly noteworthy that after our initial call on management to
maximize shareholder value, Weis Markets stock price reached an all time high
of above $42 a share - clearly reflecting the conviction of the financial
markets that the course we propose is solidly in the best interests of all
shareholders."
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. Brothers Harry Weis and Sigmund Weis
founded the company in 1912. Weis Markets conducted its initial public
offering in 1965. Sigmund Weis's son, the late Sigfried Weis, was a member of
the 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.
