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
[ ] Definitive Proxy Statement the Commission Only (as
[ ] Definitive Additional Materials permitted by
[X] Soliciting Material Pursuant to Rule 14a-6(e)(2))
Section 240.14a-11(c)
or Section 240.14a-12
Rentrak Corporation
--------------------------------------------------------------------------------
(Name of Registrant as Specified In Its Charter)
Paul A. Rosenbaum on behalf of the Committee for
the Achievement of Rentrak Excellence
--------------------------------------------------------------------------------
(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)(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:
--------------------------------------------------------------------------------
[ ] 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.
<PAGE>
FOR IMMEDIATE RELEASE CONTACT: Paul A. Rosenbaum
Wednesday, May 31, 2000 Committee for the Achievement of
Rentrak Excellence
(517) 487-6390
DISSATISFIED SHAREHOLDERS OF RENTRAK CORPORATION
ANNOUNCE PROXY CONTEST
Portland, Oregon, May 31, 2000 - The recently-formed Committee for the
Achievement of Rentrak Excellence (the "Committee") announced today that it
intends to solicit proxies to remove the nine current directors of Rentrak
Corporation (NASDAQ:RENT) and to elect its slate of five nominees, Cecil D.
Andrus, George H. Kuper, Joon S. Moon, James G. Petcoff, and Paul A. Rosenbaum,
as directors for a one-year term. The members of the Committee, who are all
shareholders of Rentrak Corporation, are Michael J. Annechino, Mark A. Brown,
Gordon A. Reck, Donald W. Remlinger, Paul A. Rosenbaum, Guy R. Wolcott, and
Frederick L. Zehnder. On May 15, 2000, shareholders of Rentrak Corporation
owning more than 10 percent of its outstanding shares of common stock, including
the persons who subsequently formed the Committee, delivered to the company
demands that a special meeting of the shareholders of Rentrak Corporation be
held on June 30, 2000, or as soon thereafter as practicable, in accordance with
Oregon law. A Schedule 13D was filed today with the Securities and Exchange
Commission by the members of the Committee and the Committee's proposed nominees
for director describing the identity and background of the filing persons, their
beneficial ownership of the stock of Rentrak Corporation, certain agreements
entered into by the filing persons, and their plans for the strategic direction
of Rentrak Corporation in an effort to increase shareholder value.
THE COMMITTEE PLANS TO FILE A PRELIMINARY PROXY STATEMENT WITH THE
SECURITIES AND EXCHANGE COMMISSION RELATING TO THE COMMITTEE'S SOLICITATION OF
PROXIES FROM THE SHAREHOLDERS OF RENTRAK CORPORATION FOR USE AT THE SPECIAL
MEETING OF SHAREHOLDERS. THE COMMITTEE URGES ALL RENTRAK SHAREHOLDERS TO READ
THE PROXY STATEMENT WHEN IT IS AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT
INFORMATION.
INFORMATION RELATING TO THE PARTICIPANTS IN THE COMMITTEE'S ANTICIPATED
PROXY SOLICITATION, INCLUDING THEIR DIRECT AND INDIRECT INTERESTS IN THE
SOLICITATION, BY SECURITY HOLDINGS OR OTHERWISE, IS CONTAINED IN ITEMS 2 AND 5
OF THE SCHEDULE 13D FILED ON MAY 31, 2000, WITH RESPECT TO THEIR BENEFICIAL
OWNERSHIP OF COMMON STOCK OF RENTRAK CORPORATION. SHAREHOLDERS AND INVESTORS MAY
OBTAIN A COPY OF THE SCHEDULE 13D, THE PROXY STATEMENT WHEN IT IS AVAILABLE, AND
OTHER RELEVANT DOCUMENTS FOR FREE ON THE SEC'S WEB SITE: HTTP://WWW.SEC.GOV.
