Unocal Newsline May 22, 1996
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PLEASE POST OR DISTRIBUTE
TO: ALL EMPLOYEES
FROM: ROGER BEACH
RE: VOTING YOUR PROXY
If you have not already voted your proxies this year, don't wait too long. To
be counted, your vote should be received by Chemical Mellon Bank in New York
by next Friday, May 31.
You're asked to vote on five items, including three stockholder proposals.
Briefly, Item 3 asks the Board of Directors to make significant revisions to
our Statement of Principles for doing business overseas. Item 4 requests
that the Board of Directors make a full written report on a gas-processing
plant in northern Alberta located about 12 miles from a small settlement of
Lubicon Lake Indians. Both proposals appeared on last year's proxy and were
rejected: 94% of the voting shares were cast against revising and updating
the Statement of Principles and 95% against requiring a written report about
the specified operations in Alberta.
The third stockholder proposal on the ballot (Item 5) requests that Unocal
conduct annual pollution prevention audits at every facility. We believe
that the vigorous and comprehensive series of programs we have already
implemented to reduce and prevent pollution from our facilities make this
proposal unnecessary.
The Board unanimously recommends votes against these three proposals. You
should study this year's proxy statement for yourself, mark and sign your
proxy, and return it in the postage-paid envelope.
If you're voting shares in the Savings Plan or ESOP, your vote is absolutely
confidential. If you hold registered or restricted shares, your vote is
confidential unless you check the "open ballot" box. In any case, please
exercise your right as a stockholder to have your vote counted.
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NEWSLINE is produced for employees by the Communications & Public Relations
Group in El Segundo. It is distributed via E-mail and FAX broadcast.
