<PAGE>
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of
1934
(Amendment No. )
Filed by the Registrant[X]
Filed by a Party other than the Registrant[ ]
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 240.14a-11(c) or 240.14a-12
CHESAPEAKE UTILITIES CORPORATION
...............................................
(Name of Registrant as Specified In Its Charter)
.....................................................................
(Name of Person(s) Filing Proxy Statement if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[ ] $125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-6(i)(1), 14a-6(i)(2) or
Item 22(a)(2) of Schedule 14A.
[ ] $500 per each party to the controversy pursuant to Exchange Act Rule
14a-6(i)(3).
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
1) Title of each class of securities to which transaction applies:
2) Aggregate number of securities to which transaction applies:
3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the
filing fee is calculated and state how it was determined):
4) Proposed maximum aggregate value of transaction:
5) Total fee paid:
[X] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
1) Amount Previously Paid:
2) Form, Schedule or Registration Statement No.:
3) Filing Party:
4) Date Filed:
Notes: Payment was made originally with the Definitive Proxy Statement, not
with preliminary materials. This additional information is being
filed with the SEC due to a problem with the printed material that
was sent to shareholders. A portion of a page was missing and has
been re-sent. The original filing (accession number 0000950109-96-1974)
included the information missing from the printed material.
<PAGE>
NOTICE OF ERRATUM: THIS PAGE IS TO BE SUBSTITUTED FOR PAGE 9 OF CHESAPEAKE
UTILITIES CORPORATION'S PROXY STATEMENT MAILED TO YOU ON
APRIL 8, 1996. WE APOLOGIZE FOR ANY INCONVENIENCE.
<TABLE>
<CAPTION>
VALUE OF UNEXERCISED
NUMBER OF SHARES UNDERLYING IN-THE-MONEY
UNEXERCISED OPTIONS/SAR'S OPTIONS/SAR'S
SHARES AT FY-END (#) AT FY-END ($)
ACQUIRED ON VALUE ------------------------- -------------------------
NAME EXERCISE(#) REALIZED($) EXERCISABLE UNEXERCISABLE EXERCISABLE UNEXERCISABLE
- ------------------- ----------- ----------- ----------- ------------- ----------- -------------
<S> <C> <C> <C> <C> <C> <C>
Ralph J. Adkins 0 0 32,940 19,161 61,762 38,322
John R. Schimkaitis 0 0 20,280 11,223 38,025 22,446
Philip S. Barefoot 0 0 0 6,630 0 13,260
Jeremy D. West 0 0 14,925 7,892 27,984 15,784
</TABLE>
PENSION PLAN TABLE
<TABLE>
<CAPTION>
FINAL YEARS OF SERVICE AT NORMAL RETIREMENT AGE
AVERAGE --------------------------------------------------------------------
EARNINGS 15 20 25 30 35 40
- -------- -------- -------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
$100,000 $26,444 $35,259 $44,074 $52,889 $61,704 $61,704
$125,000 $33,663 $44,884 $56,105 $67,326 $78,547 $78,547
$150,000 $40,882 $54,509 $68,137 $81,764 $95,391 $95,391
$175,000 $48,101 $64,134 $80,168 $96,201 $112,235 $112,235
$200,000 $55,319 $73,759 $92,199 $110,639 $129,079 $129,079
$225,000 $62,538 $83,384 $104,230 $125,076 $145,922 $145,922
$250,000 $69,757 $93,009 $116,262 $139,514 $162,766 $162,766
$275,000 $76,976 $102,634 $128,293 $153,951 $179,610 $179,610
$300,000 $84,194 $112,259 $140,324 $168,389 $196,454 $196,454
</TABLE>
The above table sets forth the estimated annual retirement benefits payable
under the Company's retirement plan to its regular employees, including
officers, in the final average earnings and years of service classifications
indicated. The retirement plan is funded solely by the Company. Benefits
normally are paid in the form of a straight life annuity or joint and survivor
annuity and are not subject to any deduction for Social Security or other offset
amounts.
Annual compensation used to determine final average earnings under the plan
includes salary, as set forth in the Summary Compensation Table, commissions,
and, with respect to employees earning a salary less than a stated amount (which
for 1995 was $66,000), bonus payments. Compensation covered by the plan for
1995 was as follows: Mr. Adkins - $219,500; Mr. Schimkaitis - $152,250; Mr.
Barefoot - $102,000; and Mr. West - $128,500. The calculation of benefits under
the plan generally is based on average earnings for the highest five consecutive
years of the ten years preceding retirement.
