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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
(RULE 14A-101)
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934
FILED BY THE REGISTRANT [ ]
FILED BY A PARTY OTHER THAN THE REGISTRANT [X]
CHECK THE APPROPRIATE BOX:
[ ] PRELIMINARY PROXY STATEMENT
[ ] DEFINITIVE PROXY STATEMENT [ ] CONFIDENTIAL, FOR USE OF THE
[ ] DEFINITIVE ADDITIONAL MATERIALS COMMISSION ONLY (AS PERMITTED)
[X] SOLICITING MATERIAL PURSUANT TO BY RULE 14A-6(E)(2)
RULE 14A-12
ICO, INC.
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(NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
TRAVIS STREET PARTNERS, LLC
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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:
NOT APPLICABLE
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(2) AGGREGATE NUMBER OF SECURITIES TO WHICH TRANSACTION APPLIES: NOT
APPLICABLE.
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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): NOT APPLICABLE.
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(4) PROPOSED MAXIMUM AGGREGATE VALUE OF TRANSACTION: NOT APPLICABLE.
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(5) TOTAL FEE PAID: NOT APPLICABLE.
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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: NOT APPLICABLE.
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(2) FORM, SCHEDULE OR REGISTRATION STATEMENT NO.: NOT APPLICABLE.
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(3) FILING PARTY: NOT APPLICABLE.
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(4) DATE FILED: NOT APPLICABLE.
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TRAVIS STREET PARTNERS, LLC 910 Travis Street
Suite 2150
Houston, Texas 77002
fax 713 759 2040
TEL 713 759 2030
www.travisstreetpartners.com
FOR IMMEDIATE RELEASE
HOUSTON, JANUARY 2, 2001 - TRAVIS STREET PARTNERS, LLC ("TSP"), REPRESENTING A
HOUSTON INVESTMENT GROUP, DISCLOSED ON DECEMBER 29, 2000, IN FILINGS WITH THE
SEC THAT IT HAS ACQUIRED 5.02% OF THE COMMON STOCK OF ICO INC. (NASDAQ: ICOC), A
HOUSTON-BASED OILFIELD SERVICES AND PLASTIC RESIN PROCESSING CONCERN.
IN ITS FILING, TRAVIS STREET PARTNERS DISCLOSED THAT ON DECEMBER 20, 2000, IT
OFFERED TO PURCHASE 100% OF ICO COMMON STOCK AT A PRICE OF $2.85 PER SHARE, A
82% PREMIUM TO THE CLOSING MARKET PRICE ON THE DAY PRIOR TO TSP'S OFFER.
ICO HAS REJECTED TRAVIS STREET PARTNERS' OFFER, CITING PROBLEMS WITH THE
"PROCESS" SUGGESTED BY TSP. HOWEVER, ICO'S BOARD OF DIRECTORS HAS NOT ADDRESSED
THE FINANCIAL MERITS OF THE TSP PROPOSAL.
ADDITIONALLY, TSP DISCLOSED THAT IT HAS NOMINATED A SLATE OF DIRECTORS WHICH
WILL STAND FOR ELECTION AT ICO'S NEXT ANNUAL MEETING, EXPECTED TO TAKE PLACE IN
MARCH 2001. TSP INTENDS TO VIGOROUSLY PURSUE ALL OPTIONS WITH RESPECT TO
ENHANCING THE VALUE OF ITS INVESTMENT.
*****
CERTAIN ADDITIONAL INFORMATION
THE PARTICIPANTS IN ANY SOLICITATION THAT MAY BE REPRESENTED BY THIS PRESS
RELEASE (THE "TSP PARTICIPANTS") ARE TSP AND THE FOLLOWING PERSONS WHO ARE, OR
HAVE FUNDED CAPITAL CONTRIBUTIONS OF, MEMBERS OF TSP: C. N. O'SULLIVAN; TIMOTHY
J. GOLLIN; CHRISTOPHER P. SCULLY; A. JOHN KNAPP; JAMES D. CALAWAY; CHARLES T.
MCCORD, III; A JOINT VENTURE BETWEEN MCCORD AND CALAWAY; JOHN V. WHITING;
FREEMAN CAPITAL MANAGEMENT LLC; ROBERT WHITING; RANDALL GRACE; R. ALLEN
SCHUBERT; AND STEPHEN F. MARTIN. IN AGGREGATE, THE TSP PARTICIPANTS BENEFICIALLY
OWN 1,138,300 SHARES OF ICO'S COMMON STOCK, OR 5.02% OF SUCH SHARES OUTSTANDING
(BASED ON ICO'S ANNUAL REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED SEPTEMBER
30, 2000). THE TSP PARTICIPANTS CURRENTLY INTEND TO FILE A PROXY STATEMENT WITH
THE SECURITIES AND EXCHANGE COMMISSION ("SEC") IN CONNECTION WITH ANY
SOLICITATION THAT THE TSP PARTICIPANTS MAY MAKE WITH RESPECT TO ICO. THE TSP
PARTICIPANTS ADVISE ALL ICO STOCKHOLDERS TO READ ANY SUCH PROXY STATEMENT WHEN
IT IS AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. ANY SUCH PROXY
STATEMENT WILL BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE AT
HTTP://WWW.SEC.GOV.
CONTACT:
TIMOTHY J. GOLLIN
TRAVIS STREET PARTNERS, LLC
713 759 2030
EMAIL: [email protected]
