SCHEDULE 14A
(RULE 14A-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A)
Filed by the Registrant / /
Filed by a Party other than the Registrant /X/
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 Section
240.14a-11(c) or Section 240.14a-12
GLOBAL INDUSTRIAL TECHNOLOGIES, INC.
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(Name of Registrant as Specified In Its Charter)
WHX CORPORATION
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(Name of Persons(s) Filing Proxy Statement)
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:
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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:
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/ / 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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FOR IMMEDIATE RELEASE
WHX RESPONDS TO GLOBAL INDUSTRIAL TECHNOLOGIES' 11TH HOUR
ADJOURNMENT OF ITS ANNUAL MEETING
New York (June 7, 1999) - WHX Corporation (NYSE: WHX) today made the following
statement in response to Global Industrial Technologies' (NYSE: GIX) ten day
adjournment of its annual meeting and its refusal to allow shareholders to vote
on whether the meeting should be adjourned:
"This latest maneuver is yet another attempt by Global's management and board of
directors to disenfranchise shareholders and deprive shareholders of the ability
to register their dissatisfaction with the company. WHX believes that the
meeting was delayed for the second time solely to prevent shareholders from
electing their director of choice.
"As one of Global's largest shareholders, we will continue to vigorously pursue
all appropriate actions to ensure that shareholders have the ability to exercise
their voting rights. WHX remains committed to maximizing the value of Global for
all shareholders."
WHX, along with GT Acquisition Corp., Mr. Ronald LaBow and Mr. Marvin Olshan,
may be deemed to be participants in the solicitation of proxies in connection
with the 1999 Annual Meeting of Global.
WHX is a holding company that has been structured to invest in and/or acquire a
diverse group of businesses on a decentralized basis. WHX's primary businesses
currently are Handy & Harman, a diversified manufacturing company whose
strategic business segments encompass, among others, specialty wire and tubing,
and precious metals plating, stamping and fabrication, and Wheeling-Pittsburgh
Steel Corporation, a vertically integrated manufacturer of value-added and flat
rolled steel products. WHX's other businesses include Unimast Incorporated, a
leading manufacturer of steel framing and other products for commercial and
residential construction and WHX Entertainment Corp., a co-owner of a racetrack
and video lottery facility located in Wheeling, West Virginia.
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CONTACTS:
Abernathy MacGregor Frank
Patricia Sturms/Kate Huneke
(212) 371-5999
