WESTVACO
REMINDER
February 1, l995
Dear Fellow Shareholders:
Our February 28, 1995 Annual Meeting of Shareholders is rapidly
approaching, and to date we have not received your proxy.
We ask for your support in voting FOR Proposal l, the election of
directors, FOR Proposal 2, the appointment of independent accountants,
FOR Proposal 3, approval of a 1995 Salaried Employee Stock Incentive
Plan, and FOR Proposal 4, approval of a 1995 Non-Employee Director
Stock Incentive Plan.
The 1995 Salaried Employee Stock Incentive Plan being proposed would
continue the company's present practice, overwhelmingly approved by
shareholders, of providing supplemental compensation to a broad range
of salaried employees, including officers, in a form which closely
aligns their interests with the interests of shareholders. For the
first time there is also being proposed a stock incentive plan for
directors who are not employees of the company, so that the
performance of the company's stock will be a factor in their
compensation as well. We believe that both of these plans reflect
good compensation practices, found in a great many well-run
corporations, and support our goal of creating outstanding long-term
shareholder values.
You are once again cordially invited to attend the annual meeting of
our company which will be held in the Stuyvesant Room of the Marriott
East Side Hotel, Lexington Avenue at 49th Street, New York, New York,
at 10:00 a.m. on February 28, 1995. Whether or not you attend,
however, please return your proxy at this time. Your interest in your
company as demonstrated by the representation of your shares at our
annual meeting is a great source of strength for your company.
Sincerely,
/s/David L. Luke, 3rd /s/John A. Luke, Jr.
David L. Luke, 3rd John A. Luke, Jr.
Chairman of the Board President and Chief Executive Officer
Westvaco Building
299 Park Avenue
New York, NY 10171
Telephone 212 688 5000
