SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. 1 )
Filed by the Registrant [X]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Definitive Proxy Statement
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12
Mercantile Bankshares Corporation
------------------------------------------------------
(Name of Registrant as Specified In Its Charter)
Mercantile Bankshares Corporation
------------------------------------------------------
(Name of Person(s) Filing Proxy Statement)
Payment of Filing Fee (Check the appropriate box): NOT APPLICABLE
[ ] $125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-6(i)(1), or 14a-6(j)(2)
[ ] $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:*
-----------------------------------------------------------------------
4) Proposed maximum aggregate value of transaction:
-----------------------------------------------------------------------
* Set forth the amount on which the filing fee is calculated and state how
it was determined.
[ ] 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:
-----------------------------------------------------------------------
<PAGE>
ERRATA
MERCANTILE BANKSHARES CORPORATION
PROXY STATEMENT
FOR ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD APRIL 27, 1994
TO THE STOCKHOLDERS:
With respect to our proxy statement dated March 24, 1994, percentages
appearing in Exhibit "B" to the Annual Incentive Compensation Plan on page I-5
were not presented in conformity with the provisions of the Plan. Accordingly,
we are correcting the proxy statement by sending you the enclosed revised page
I-5.
JOHN A. O'CONNOR, JR.
Senior Vice President and Secretary
April 8, 1994
<PAGE>
EXHIBIT "A"
MAXIMUM ANNUAL AMOUNT OF AWARD
<TABLE>
<S> <C> <C> <C>
MAXIMUM % OF SALARY
BASED ON
----------------------------------
CLASS OF MAXIMUM % EARNINGS PER NET OPERATING
PARTICIPANT OF SALARY SHARE INCOME
- ------------------------------------------------------------------------ --------------- --------------- -----------------
Class I................................................................. 65.0 32.5 32.5
Class II................................................................ 50.0 25.0 25.0
Class III............................................................... 33.0 16.5 16.5
</TABLE>
EXHIBIT "B"
(CORRECTED)
PERCENT OF SALARY AWARD BY CLASSIFICATION OF PARTICIPANT
<TABLE>
<S> <C> <C> <C>
ANNUAL RATE CLASS CLASS CLASS
OF GROWTH I II III
- ---------------------------------------------------------------------------------------------- ----------- --------- -----------
5............................................................................................. 0 0 0
6............................................................................................. 3.25 2.50 1.65
7............................................................................................. 6.50 5.00 3.30
8............................................................................................. 9.75 7.50 4.95
9............................................................................................. 13.00 10.00 6.60
10............................................................................................ 16.25 12.50 8.25
11............................................................................................ 19.50 15.00 9.90
12............................................................................................ 22.75 17.50 11.55
13............................................................................................ 26.00 20.00 13.20
14............................................................................................ 29.25 22.50 14.85
15............................................................................................ 32.50 25.00 16.50
</TABLE>
I-5
