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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. 4)
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 (S) 240.14a-11(c) or (S) 240.14a-12
COMSAT CORPORATION
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(Name of Registrant as Specified In Its Charter)
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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 (set forth the amount on which
the filing fee is calculated and state how it was determined):
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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.
[_] 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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Notes:
Reg. (S) 240.14a-101.
SEC 1913 (3-99)
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[Logo of Comsat Corporation appears here]
June 14, 1999
Dear Shareholder:
COMSAT Corporation announced last Friday that its Board of Directors has
voted to reschedule its 1999 annual shareholders meeting. The meeting, which
was originally scheduled for June 18, 1999, will now be held on August 20, 1999
at 9:30 a.m., Eastern Daylight Time, at COMSAT headquarters, 6560 Rock Spring
Drive, Bethesda, Maryland.
Please refer to the press release on the reverse side of this letter for
additional information.
We apologize for any inconvenience this change may have caused. We will be
distributing updated proxy materials, including new proxy cards, prior to the
meeting. Should you have any questions about this change or the merger, please
contact COMSAT Investor Relations at 1-888-233-5777.
Sincerely,
/s/ Betty C. Alewine
Betty C. Alewine
President and Chief Executive
Officer
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For Immediate Release
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COMSAT RESCHEDULES ANNUAL MEETING OF SHAREHOLDERS
BETHESDA, Md. -- COMSAT Corporation (NYSE:CQ) today announced that its Board of
Directors has voted to reschedule its 1999 annual shareholders meeting. With
the concurrence of Lockheed Martin Corporation, the meeting, which was
originally scheduled for June 18, 1999, will now be held on August 20, 1999.
"COMSAT will continue to pursue aggressively all necessary regulatory and
legislative approvals to accomplish the merger with Lockheed Martin
Corporation," said COMSAT President and Chief Executive Officer Betty C.
Alewine. "Rescheduling the shareholder meeting will put the meeting date closer
to the anticipated receipt of these requisite approvals," Alewine noted.
At the meeting, shareholders also will vote upon the election of 12
members to the COMSAT Board of Directors, the appointment of independent public
accountants and a shareholder's proposal. Advance notice of nominations and
other proposed business to be submitted by shareholders at the annual meeting is
required within 10 days of this announcement, as outlined in COMSAT's by-laws.
COMSAT Corporation (NYSE: CQ) is a global provider of satellite services
and digital networking services and technology.
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CONTACTS:
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Dave Groobert Director, Public Relations +1 301 214 3436
Gary Sharpe Director, Investor Relations +1 301 214 3244
