Hotel Employees & Restaurant Employees International Union
Culinary Workers Local 226
INSTRUCTIONS FOR PROXY SOLICITORS FOR SIRIS & BRADHAM
1. Follow the attached script as closely as possible.
2. Make sure you have read our proxy statement and the Company's
before making calls.
3. Securities law prohibits us not only from making false
statements of fact, but also from misleading shareholders by not
providing them material information.
4. If asked questions, avoid answering with remarks that are not
contained in the proxy statement. In particular, avoid providing
facts you are not sure of. If you are expressing an opinion
rather than a fact, make it clear that is what you are doing ("In
my opinion . . ."). Avoid disguising facts as opinions (for
example, "in my opinion, he stole from the company").
5. Don't engage in personal attacks against Lowden, others in
management, or the candidates they back. Our point is simply that
Siris and Bradham are highly qualified candidates who are clearly
independent of management.
6. When you are not sure how to answer a question, it is fine to
respond by telling shareholders you want to be sure of your
facts, need to check on them, and will get back to them (ask if
they have e-mail or a fax). Then speak to Courtney Alexander.
7. If anyone asks for information about the union, call their
attention to the section of the proxy statement discussing this
in detail. If they want more info, refer them to Courtney
Alexander.
8. If asked what connection Bradham or Siris have with the union,
explain they have never worked for this or other unions, and have
received nothing of value from us except our working for their
election and our promising to defend them if management sues
them. They have promised the unions nothing about how they would
deal with labor relations as a director.
9. Shareholders may ask about the Company's statements about an
organized crime lawsuit against the International Union. Explain
this has nothing to do with Siris and Bradham, and we believe
it's just an attempt to distract shareholders from the need for
independence on the board. If the shareholder wants more info,
refer the call to Courtney Alexander.
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Phone Script
Hello, is _____________ there?
My name is ______________ and I am calling from the Hotel
Employees Union regarding your preferred shares of Santa Fe
Gaming.
You are entitled to vote for two independent candidates for the
Board of Santa Fe Gaming to represent the Preferred shareholders.
You have this right because the Company has failed to pay
dividends to the Preferred Shareholders for the past 4 dividend
periods.
Have you received our YELLOW proxy card yet?
If yes:
Have you voted yet? (If no: please read our
Proxy Statement when you get it.)
If yes:
May I ask how you voted?
The largest preferred shareholder has endorsed two independent
candidates in opposition to management's nominees. They are Mr.
John Bradham and Mr. Peter Siris. Both are well qualified and
entirely independent from Santa Fe management and from us for
that matter.
We feel strongly that this company needs independence on its
board.
Under current management, no cash dividends have been paid on
your shares, and the Company is plagued by losses. Yet,
compensation for the CEO exceeded $1 million last year. And
management has consented to have the stock delisted so it doesn't
trade on the stock exchange anymore.
Mr. Bradham is an attorney with experience representing
hospitality industry clients, and Mr. Siris has experience as a
director and senior executive turning around troubled companies
and has written a book about investing. We believe they are
well-qualified and would bring an independent point of view to
Santa Fe's Board of Directors.
We urge you to read our Proxy statement and to vote for Mr.
Bradham and Mr. Siris on the YELLOW Card. You only have a short
time to vote, because the meeting is scheduled for April 30. When
you get the company's blue card, we urge you to throw it away, so
it doesn't cancel out your vote for our candidates.
You may fax your vote to 1-516-254-7622, attention Damian
Rodriguez. Be sure to fax both sides of the Proxy Card.
If your shares are held jointly, you will both need to sign the
card. Thank you for supporting independence on Santa Fe's Board.
