<PAGE>
SCHEDULE 14A
(RULE 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT
OF 1934 (AMENDMENT NO. )
Filed by the Registrant [ ]
Filed by a Party other than the Registrant [X]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Definitive Proxy Statement
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12
CALIFORNIA JOCKEY CLUB
.................................................................
(Name of Registrant as Specified In Its Charter
CALIFORNIA JOCKEY CLUB SHAREHOLDERS COMMITTEE
.................................................................
(Name of Person(s) Filing Proxy Statement)
Payment of Filing Fee (Check the appropriate box):
[ ] $125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-6(i)(1), or 14a-6(i)(2).
[X] $500 per each party to the controversy pursuant to Exchange Act Rule
14a-6(i)(3).
[ ] 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:(1)
4) Proposed maximum aggregate value of transaction:
.............................................................
5) Total fee paid:
[X] 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 statement 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:
.............................................................
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(1) Set forth the amount on which the filing fee is calculated and state how it
was determined.
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GEORGESON
& COMPANY INC.
- ----------------------------------------------------------------------------
Wall Street Plaza
New York, NY 10005
212-440-9800
FAX 212-440-9009
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NEWS RELEASE
From: For Release:
California Jockey Club Immediately
Shareholders Committee
Contact:
David Gjerdrum
California Jockey Club
Shareholders Committee
(415) 813-0912
Thomas Loran
Pillsbury Madison & Sutro LLP
(415) 983-1865
CALIFORNIA JOCKEY CLUB SHAREHOLDERS COMMITTEE CONDEMNS
MISREPRESENTATIONS IN RECENT CAL JOCKEY SEC FILING
AND DEMANDS IMMEDIATE CORRECTION
San Francisco, August 28, 1996....The California Jockey Club Shareholders
Committee announced today that it had found serious departures from the truth
in a document filed by the holdover board of California Jockey Club (AMEX:CJ)
and is demanding immediate correction of the misrepresentations. Cal Jockey's
court-mandated Annual Meeting is scheduled for Friday, August 30.
Said Ron Volkman, a Committee nominee for election to the Cal Jockey
Board, "Our position has always been clear: return control of our company to
the shareholders and elect a Board of Directors committed to the best
long-term interests of the shareholders."
The Committee's nominees aim to preserve and enhance the profitability of
live racing at Bay Meadows and to maximize the value of the company's real
estate for all shareholders through a comprehensive, carefully coordinated
strategic plan. They believe such a strategic plan would involve marketing
all of Cal Jockey's San Mateo real estate as a Planned Unit Development
("PUD") and finding the right site for a new racecourse that would qualify for
tax deferral treatment as exchange property.
Mr. Volkman stated that this did not mean that the Committee advocated
selling Cal Jockey's property. Instead, Volkman said, "Most people in real
estate understand there is more to marketing a PUD than selling it outright.
The holdover Cal Jockey Board has accused us of not understanding
sophisticated transactions, but they assume the only way to market a real
estate property is to sell it -- haven't these guys ever heard of a lease?"
The Shareholders Committee was formed last May by a group of shareholders
dissatisfied with the company's performance who nominated a five-member slate
for the company's Board of Directors to be elected at the annual meeting
scheduled for June 27. When the incumbent Board learned that their Board
seats would be challenged, they responded by canceling the meeting. The
Committee successfully sued to require the Board to hold the annual meeting on
August 30.
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