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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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<PAGE>
TRAVIS STREET PARTNERS, LLC 910 Travis Street
Suite 2150
Houston, Texas 77002
fax 713 759 2040
TEL 713 759 2030
www.travisstreetpartners.com
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FOR IMMEDIATE RELEASE
HOUSTON, JANUARY 5, 2001 - TRAVIS STREET PARTNERS, LLC ("TSP"), FORMED BY A
GROUP OF PRIVATE HOUSTON INVESTORS, ANNOUNCED TODAY THAT IT HAS FILED
PRELIMINARY PROXY MATERIALS WITH RESPECT TO ITS INVESTMENT IN ICO INC. (NASDAQ:
ICOC), A HOUSTON-BASED OILFIELD SERVICES AND PLASTICS PROCESSING CONCERN.
TSP HAS NOMINATED A. JOHN KNAPP, CHARLES T. MCCORD, III, AND JAMES D. CALAWAY TO
SERVE ON ICO'S BOARD OF DIRECTORS, ACCORDING TO ITS NOMINATING LETTER, WHICH WAS
HAND DELIVERED TO ICO ON DECEMBER 8, 2000.
TSP'S PRIOR SCHEDULE 13D FILING OF DECEMBER 29, 2000 DISCLOSED THAT TSP HAD
ACQUIRED 5.02% OF ICO'S COMMON STOCK. IN A LETTER TO ICO'S BOARD, TSP PROPOSED
TO ACQUIRE ICO'S COMMON STOCK AT A PRICE OF $2.85 PER SHARE, AN 82% PREMIUM TO
THE CLOSING MARKET PRICE ON THE DAY PRIOR TO TSP'S OFFER.
CHRIS O'SULLIVAN, MANAGER OF TRAVIS STREET PARTNERS, LLC, STATED, "ALTHOUGH WE
SINCERELY DESIRE TO PURSUE A FRIENDLY TRANSACTION WITH ICO, ICO'S MANAGEMENT HAS
BEEN UNWILLING TO ENGAGE IN SUBSTANTIVE DISCUSSIONS RELATING TO OUR OFFER.
ACCORDINGLY, WE WILL SEEK SHAREHOLDER SUPPORT TO MAXIMIZE SHAREHOLDER VALUE
THROUGH THE ELECTION OF OUR DIRECTOR SLATE. WHILE WE BELIEVE OUR OFFER PROVIDES
SUPERIOR VALUE TO SHAREHOLDERS, OUR DIRECTORS WILL ADVOCATE THE SALE OF THE
COMPANY TO THE HIGHEST BIDDER."
*****
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.
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CONTACT:
TIMOTHY J. GOLLIN
TRAVIS STREET PARTNERS, LLC
713 759 2030
EMAIL: [email protected]
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