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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
[ ] 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 ss. 240.14a-11(c) or ss. 240.14a-12
Detection Systems, Inc.
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(Name of Registrant as Specified In Its Charter)
Ultrak, Inc.
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(Name of Person(s) Filing Proxy Statement)
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[X] No fee required
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
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pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
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[ ] Fee paid previously with preliminary materials.
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ULTRAK
FOR IMMEDIATE RELEASE
For more information, please contact:
Arianne Wiese
Ultrak, Inc.
972-353-6651
[email protected]
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INSTITUTIONAL SHAREHOLDER SERVICES RECOMMENDS VOTE FOR
ULTRAK NOMINEES IN DETECTION SYSTEMS PROXY CONTEST
LEWISVILLE, Texas, December 8, 2000 - Ultrak, Inc. (Nasdaq: ULTK) today
announced that Institutional Shareholder Services (ISS), the leading provider of
proxy voting and corporate governance services, has recommended that its
institutional clients who hold shares of Detection Systems, Inc. common stock
vote their shares on Ultrak's BLUE proxy card in favor of Ultrak's nominees for
election to the Detection Systems board of directors.
According to ISS, the December 19 election contest boils down to which slate can
better effect the sale of Detection Systems. The ISS analysis concludes:
"Although the company now states that it is committed to a sale, it is
essentially too little, too late. From the beginning the dissidents have been
committed to a sale of the company, whereas management's earlier proxy
statements were ambiguous as to its true intentions. Thus, ISS believes the
dissident nominees are better prepared to bring about a sale of the company,
which is the prudent action to take given the circumstances."
In a recent letter to Detection Systems shareholders, George Broady, Chairman
and CEO of Ultrak, advised that Detection Systems' management might yet announce
a sale of the company before the Annual Meeting on December 19. If that is the
case, Ultrak believes that it is essential that shareholders vote for Ultrak's
nominees. Although neither Detection Systems' management nor the Ultrak nominees
can guarantee that a sale of the company can be negotiated or that any sale
negotiated will actually close, the Ultrak nominees are pledged to sell the
company and are committed to follow through to close a sale of the company,
regardless of who has negotiates it.
Ultrak is a publicly-held corporation that designs, manufactures, markets and
services innovative electronic products and systems for the security and
surveillance, industrial and medical video, and professional audio markets. The
Company sells its products to distributors, dealers, system integrators,
retailers and mass-merchants (for resale). Headquartered in Lewisville (Dallas),
Texas, Ultrak has multiple facilities throughout the United States, Europe, Asia
and South Africa. Enterprise Security Solutions (ESS) from Ultrak sets new
standards in quality, performance and value for large organizations interested
in protecting their assets and improving operating efficiency. Access control,
CCTV, alarm management, and public address functions are integrated and
optimized. Existing telecommunications and IT infrastructures are leveraged to
best advantage, security operations simplified and system life-cycle costs
reduced. And, in progressive organizations, ESS functions like remote video
surveillance are utilized to achieve improvements in operating efficiency and
support the bottom-line mission of the enterprise.
Except for the historical information contained herein, the matters discussed in
this news release may contain forward-looking statements that involve risks and
uncertainties that could cause actual results to differ materially from those in
the forward-looking statements, including other risks detailed from time to time
in the Company's SEC reports, including its Annual Report on Form 10-K for the
year ended December 31, 1999 and quarterly reports on Form 10-Q for the quarters
ended March 31, 2000, June 30, 2000 and September 30, 2000.
