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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
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
[X] Definitive Additional Materials
[_] Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12
EUFALA BANCORP, INC.
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(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):
[_] 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:
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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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Notes:
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EUFAULA BANCCORP, INC.
218-220 BROAD STREET
EUFAULA, ALABAMA 36072
TELEPHONE: (334) 687-3581
To the Stockholders of Eufaula BancCorp, Inc.
Dear Fellow Stockholders:
You have received a notice and a Proxy Statement dated April 12, 1998 for
the 1998 annual meeting of stockholders of the Company to be held on May 12,
1998. One of the items to be voted on at the annual meeting as described in
the Proxy Statement is approval of a Director Stock Option Plan (proposal 3 on
the proxy). The purpose of this letter is to inform you that the Board of
Directors has decided to withdraw the proposal to approve the Company's
Director Stock Option Plan (proposal 3 on the original proxy, as described in
the Proxy Statement) and to terminate the Plan. No options will be granted
under the Plan. The Board has decided that no further stock compensation in
the form of options for Directors is appropriate at this time. Accordingly,
the only issues to be voted upon at the annual meeting will be the election of
the director-nominee and the ratification of auditors (proposals 1 and 2,
respectively) described in the Company's Proxy Statement.
Also, the Board of Directors has decided to withdraw 161,000 shares of
common stock from its 1994 stock options that were subject to the grant of
options to officers and employees but which had not been granted.
If you have previously submitted a proxy, you need not submit another one.
Votes by proxy that have already been received on proposal 3 regarding the
Director Stock Option Plan will be disregarded.
If you have not yet voted, you may sign and date the proxy which was
included with your Proxy Statement, but you need not vote on proposal 3.
The Board of Directors of the Company recommends that you vote FOR the
election of the director-nominee named in the Proxy Statement and FOR
ratification of the auditors.
We appreciate your past support and look forward to seeing you at our annual
meeting on May 12, 1998.
Sincerely,
Robert M. Dixon
Chairman of the Board
