SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE
SECURITIES EXCHANGE ACT OF 1934
Filed by the Registrant { }
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{ } Preliminary Proxy Statement { } Confidential, for Use of the
Commission Only (as permitted
{ } Definitive Proxy Statement by Rule 14a-6(e) (2))
{x} Definitive Additional Materials
{ } Soliciting Material Pursuant to Section 240.14a-11 or Section
240.14a-12
HEI, Inc.
(Name of Registrant as Specified In Its Charter)
FANT INDUSTRIES INC.
(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) (1) and
0-11.
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Fant Industries Inc.
2154 Highland Avenue
Birmingham, Alabama 35205
For further information contact:
Anthony J. Fant
(205) 933-1030
Richard Grubaugh
Beacon Hill Partners
(212) 843-8500
FOR IMMEDIATE RELEASE
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FANT INDUSTRIES ANNOUNCES COMMENCEMENT OF PROXY SOLICITATION TO REPLACE
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HEI BOARD
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NEW YORK, NEW YORK - April 24, 1998 - Fant Industries Inc. and Anthony J.
Fant, its sole shareholder, have announced the commencement of a proxy
solicitation to replace the current HEI Board of Directors, other than Eugene
W. Courtney, with director nominees selected by Mr. Fant. The Fant nominees
include: Mr. Fant, head of Fant Broadcasting and other businesses in diverse
industries; David W. Ortlieb, a former director and member of senior
management at several public companies, including Abbott Laboratories,
Immunomedics, Texas Biotechnology, Tyco International, Erbamont and American
Optical; Edwin W. Finch, III, an investment banker specializing in mergers
and acquisitions; and Steve E. Tondera, Jr., the Chief Financial Officer of
Fant Broadcasting.
"I am excited about working with this experienced and talented slate of
director nominees," said Fant. "We are bullish about HEI's growth potential
under new leadership and are eager to consummate our cash offer and to get to
work on moving HEI forward."
