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SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934
Filed by the Registrant [X]
Filed by a Party other than the Registrant [ ]
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
[ ] Definitive Additional Materials
[X] Soliciting Material Pursuant to Section 240.14a-11(c) or Section
240.14a-12
MAXTOR CORPORATION
(Name of Registrant as Specified In Its Charter)
(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)(1) and 0-11.
1) Title of each class of securities to which transaction applies:
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2) Aggregate number of securities to which transaction applies:
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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):
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4) Proposed maximum aggregate value of transaction:
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5) Total fee paid:
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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:
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2) Form, Schedule or Registration Statement No.:
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3) Filing Party:
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4) Date Filed:
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Information Concerning Participants filed pursuant to Rule 14a-12
In connection with the proposed merger (the "Merger") between Maxtor
Corporation ("Maxtor") and Quantum HDD ("Quantum"), Maxtor, its directors,
executive officers and certain other members of Maxtor management and employees
may be soliciting proxies from Maxtor stockholders in favor of the Transactions.
Maxtor's board of directors is comprised of Michael Cannon (President
and Chief Executive Officer), Charles Christ, Thomas Chun, C.S. Chung, Charles
Hill, Roger Johnson, Y.H. Kim and C.S. Park. The executive officers of Maxtor
who may participate in the solicitation of proxies are Michael Cannon and Paul
Tufano, Senior Vice President and Chief Financial Officer. The Maxtor
participants in the solicitation collectively beneficially own 1,868,057 shares
of Maxtor common stock, representing approximately 1.3% of the total Maxtor
common stock outstanding. Michael Cannon individually beneficially owns
approximately 1,469,152 shares of Maxtor common stock, representing
approximately 1.3% of the total Maxtor common stock outstanding, and Paul Tufano
individually beneficially owns approximately 371,905 shares of Maxtor common
stock, representing approximately less than 1% of the total Maxtor common stock
outstanding. Additional information about the directors and executive officers
of Maxtor is included in Maxtor's Proxy Statement for its 2000 Annual Meeting of
Stockholders filed by Maxtor with the U.S. Securities and Exchange Commission
(the "SEC") on April 19, 2000, and information will be included in the joint
proxy statements/prospectuses and other relevant documents concerning the
proposed merger to be filed by Maxtor and Quantum with the SEC. INVESTORS ARE
URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH
THE SEC BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ON THE PROPOSED
TRANSACTION. Investors will be able to obtain the documents free of charge at
the SEC's website (www.sec.gov); in addition, documents will be available free
of charge by contacting Ted Deffenbaugh at (408) 432-4992.
