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SCHEDULE 14A
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INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES
EXCHANGE ACT OF 1934 (AMENDMENT NO. )
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Allied Research Corporation
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(Name of Registrant as Specified in Its Charter)
Zilkha Capital Partners, L.P., Lt. General William M. Keys, USMC (Ret.), John P.
Rigas, Jean-Claude Roch, John R. Torell III, Donald E. Zilkha
- --------------------------------------------------------------------------------
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ZILKHA CAPITAL PARTNERS, L.P.
767 FIFTH AVENUE, NEW YORK, NEW YORK 10153
TELEPHONE: (212) 935-9797 FACSIMILE: (212) 688-4621
June 4, 1999
TIME IS EXCEEDINGLY SHORT. ALLIED'S ANNUAL MEETING IS JUNE 9.
IT'S NOT TOO LATE TO SUPPORT THE NEW NOMINEES,
BUT YOU MUST ACT TODAY!
DEAR FELLOW ALLIED RESEARCH SHAREHOLDER:
By the time you receive this letter, Allied Research's June 9 annual meeting
will be only days away. We urge you to carefully consider the attached press
release which details a number of misleading and self-serving statements made by
Dr. John Sculley, Allied Research's Chairman, Chief Executive Officer and Chief
Financial Officer. These comments primarily concern the financial performance of
Allied and Zilkha Capital's management of Colt's Manufacturing Company.
DON'T BE FOOLED BY SCULLEY.
WE BELIEVE DR. SCULLEY'S COMMENTS ARE MERELY A DESPERATE ATTEMPT TO WIN VOTES IN
THIS ELECTION CONTEST. BUT THEY SHOULD ALSO CAUSE YOU GRAVE CONCERN ABOUT HIS
LACK OF ABILITY TO BE COMPLETELY FRANK AND TRUTHFUL TO
SHAREHOLDERS -- ESPECIALLY REGARDING THE COMPANY'S LOSSES IN THE NEARLY
COMPLETED SECOND QUARTER, AS WELL AS PROJECTED LOSSES FOR THE LAST TWO QUARTERS
OF 1999. HIS MISLEADING STATEMENTS HAVE FURTHER CONVINCED US THAT IT'S TIME FOR
NEW DIRECTORS AT ALLIED RESEARCH.
IT'S TIME FOR A NEW BOARD AT ALLIED.
VOTE YOUR GOLD PROXY TODAY.
It's not too late to cast or change your vote in favor of the New Nominees. We
have enclosed for your convenience an express overnight envelope.
Remember -- even if you have already voted a WHITE management proxy card, you
have every legal right to change your mind and vote the enclosed GOLD proxy card
in favor of the New Nominees. It's not too late, but you must act today!
If you need assistance voting your shares or changing your vote, please contact
MacKenzie Partners, Inc. toll-free at (800) 322-2885.
We appreciate your consideration of the New Nominees and our platform for change
at Allied Research.
Sincerely,
[JOHN P. RIGAS SIGNATURE]
JOHN P. RIGAS
Managing Partner
