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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 Sec.240.14a-11(c) or Sec.240.14a-12
KMART CORPORATION
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(Name of Registrant as Specified In Its Charter)
KMART INDEPENDENT SHAREHOLDERS' COMMITTEE
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(Name of Person(s) Filing Proxy Statement,
if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[ ] $125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-6(i)(1), 14a-6(i)(2) or
Item 22(a)(2) of Schedule 14A.
[ ] $500 per each party to the controversy pursuant to Exchange Act Rule
14a-6(i)(3).
[ ] 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: .....
2) Aggregate number of securities to which transaction applies: ........
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):
4) Proposed maximum aggregate value of transaction: ....................
5) Total fee paid: .....................................................
[X] 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: .............................................
2) Form, Schedule or Registration Statement No.: .......................
3) Filing Party: .......................................................
4) Date Filed: .........................................................
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KMART INDEPENDENT SHAREHOLDERS' COMMITTEE
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Contact: Michael Zucker (UNITE)
(202) 785-6661
William Patterson (IBT)
(202) 624-8100
News Briefing Monday
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INDEPENDENT NOMINEE FOR KMART BOARD TO HOLD NEWS BRIEFING,
ADDRESS COUNCIL OF INSTITUTIONAL INVESTORS
Who: Stephen Hester, independent nominee for the Kmart Board of Directors.
What: News briefing to discuss his candidacy for Kmart's Board of Directors and
shareholder proposals to be voted on at this year's annual meeting.
When: Monday, April 1, 1996 at 2:00 p.m.
Where: In the Marquette Salon on the second floor of Leows L'Enfant Hotel, 480
L'Enfant Plaza, between 10th Street and Independence Avenue SW,
Washington, D.C.
Story
Summary: The Union of Needletrades, Industrial and Textile Employees (UNITE) and
the International Brotherhood of Teamsters (IBT) will be conducting an
independent proxy solicitation at Kmart to elect Stephen Hester to the
retailer's Board of Directors, and to pass resolutions which would
request that the Board of Directors undertake a formal study to
determine the feasibility of a sale or merger of the Company, eliminate
the non-employee director pension plan, and declassify the Board of
Directors.
Mr. Hester has served on the boards of a number of public and private
companies and is currently the trustee of a trust of the $1.2 billion
Northwest Airlines Employee Stock Plan.
The following employees of UNITE and IBT may be deemed to be "participants" in
this solicitation under Item 4 of Reg. Sec. 240.14a-101 of the Proxy Rules:
Michael R. Zucker, Director of Corporate and Financial Affairs of UNITE, and
Hilary Johnson, Project Manager at UNITE, at 2100 L Street, N.W., Washington,
D.C. 20037; and William Patterson, Director of Corporate Affairs of IBT, and
Bartlett Naylor, Economist at IBT, at 25 Louisiana Avenue, N.W., Washington,
D.C. 20001. Mr. Patterson is the record owner of 6 shares of Common Stock of the
Company. Mr. Naylor is the beneficial owner of 200 shares of Common Stock of the
Company held in street name.
