PAGE 1 OF 18 PAGES
Securities and Exchange Commission
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
Rohm and Haas Company
---------------------
(Name of Issuer)
Common Stock
------------------------------
(Title of Class of Securities)
775371-10-7
--------------
(CUSIP Number)
Justin P. Klein
Ballard Spahr Andrews & Ingersoll, LLP
1735 Market Street, 51st Floor
Philadelphia, PA 19103
(215) 665-8500
--------------------------------------
(Name, Address and Telephone Number
of Person Authorized to Receive
Notices and Communications)
February 25, 1999
------------------------------------
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check
the following box. / /
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that Section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
<PAGE>
CUSIP NUMBER: 775371-10-7 PAGE 2 OF 18 PAGES
- ------------------------------------------------------------------------------
1) Names of Reporting Persons; I.R.S. Identification Nos. (entities only)
Otto Haas Income Trust dated December 20, 1945
- ------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) __X__
(b) _____
- ------------------------------------------------------------------------------
3) SEC Use Only
- ------------------------------------------------------------------------------
4) Source of Funds (See Instructions) N/A
- ------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- ------------------------------------------------------------------------------
6) Citizenship or Place of Organization Pennsylvania
- ------------------------------------------------------------------------------
7) Sole Voting Power 2,301,048
Number of ------------------------------------------------------------
Shares 8) Shared Voting Power 0
Beneficially
Owned by ------------------------------------------------------------
Each Reporting 9) Sole Dispositive Power 2,301,048
Person With
------------------------------------------------------------
10) Shared Dispositive Power 0
- ------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person 2,301,048
- ------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) / /
Excludes Certain Shares (See Instructions)
- ------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) 1.4%
- ------------------------------------------------------------------------------
14) Type of Reporting Persons (See Instructions) OO
- ------------------------------------------------------------------------------
<PAGE>
CUSIP NUMBER: 775371-10-7 PAGE 3 OF 18 PAGES
- ------------------------------------------------------------------------------
1) Names of Reporting Persons; I.R.S. Identification Nos. (entities only)
Otto Haas Income Trust dated December 21, 1945
- ------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) __X__
(b) _____
- ------------------------------------------------------------------------------
3) SEC Use Only
- ------------------------------------------------------------------------------
4) Source of Funds (See Instructions) N/A
- ------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- ------------------------------------------------------------------------------
6) Citizenship or Place of Organization Pennsylvania
- ------------------------------------------------------------------------------
7) Sole Voting Power 27,083,736
Number of ------------------------------------------------------------
Shares 8) Shared Voting Power 0
Beneficially
Owned by ------------------------------------------------------------
Each Reporting 9) Sole Dispositive Power 27,083,736
Person With
------------------------------------------------------------
10) Shared Dispositive Power 0
- ------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person 27,083,736
- ------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) / /
Excludes Certain Shares (See Instructions)
- ------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) 16.2%
- ------------------------------------------------------------------------------
14) Type of Reporting Persons (See Instructions) OO
- ------------------------------------------------------------------------------
<PAGE>
CUSIP NUMBER: 775371-10-7 PAGE 4 OF 18 PAGES
- ------------------------------------------------------------------------------
1) Names of Reporting Persons; I.R.S. Identification Nos. (entities only)
Otto Haas Charitable Trust dated August 3, 1955
- ------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) __X__
(b) _____
- ------------------------------------------------------------------------------
3) SEC Use Only
- ------------------------------------------------------------------------------
4) Source of Funds (See Instructions) N/A
- ------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- ------------------------------------------------------------------------------
6) Citizenship or Place of Organization Pennsylvania
- ------------------------------------------------------------------------------
7) Sole Voting Power 5,819,580
Number of ------------------------------------------------------------
Shares 8) Shared Voting Power 0
Beneficially
Owned by ------------------------------------------------------------
Each Reporting 9) Sole Dispositive Power 5,819,580
Person With
------------------------------------------------------------
10) Shared Dispositive Power 0
- ------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person 5,819,580
- ------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) / /
Excludes Certain Shares (See Instructions)
- ------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) 3.5%
- ------------------------------------------------------------------------------
14) Type of Reporting Persons (See Instructions) OO
- ------------------------------------------------------------------------------
<PAGE>
CUSIP NUMBER: 775371-10-7 PAGE 5 OF 18 PAGES
- ------------------------------------------------------------------------------
1) Names of Reporting Persons; I.R.S. Identification Nos. (entities only)
Otto Haas Charitable Trust dated September 28, 1956
- ------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) __X__
(b) _____
- ------------------------------------------------------------------------------
3) SEC Use Only
- ------------------------------------------------------------------------------
4) Source of Funds (See Instructions) N/A
- ------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- ------------------------------------------------------------------------------
6) Citizenship or Place of Organization Pennsylvania
- ------------------------------------------------------------------------------
7) Sole Voting Power 21,670,560
Number of ------------------------------------------------------------
Shares 8) Shared Voting Power 0
Beneficially
Owned by ------------------------------------------------------------
Each Reporting 9) Sole Dispositive Power 21,670,560
Person With
------------------------------------------------------------
10) Shared Dispositive Power 0
- ------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person 21,670,560
- ------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) / /
Excludes Certain Shares (See Instructions)
- ------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) 12.9%
- ------------------------------------------------------------------------------
14) Type of Reporting Persons (See Instructions) OO
- ------------------------------------------------------------------------------
<PAGE>
CUSIP NUMBER: 775371-10-7 PAGE 6 OF 18 PAGES
- ------------------------------------------------------------------------------
1) Names of Reporting Persons; I.R.S. Identification Nos. (entities only)
Phoebe W. Haas Charitable Trust (A) dated August 24, 1961
- ------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) __X__
(b) _____
- ------------------------------------------------------------------------------
3) SEC Use Only
- ------------------------------------------------------------------------------
4) Source of Funds (See Instructions) N/A
- ------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- ------------------------------------------------------------------------------
6) Citizenship or Place of Organization Pennsylvania
- ------------------------------------------------------------------------------
7) Sole Voting Power 3,484,152
Number of ------------------------------------------------------------
Shares 8) Shared Voting Power 0
Beneficially
Owned by ------------------------------------------------------------
Each Reporting 9) Sole Dispositive Power 3,484,152
Person With
------------------------------------------------------------
10) Shared Dispositive Power 0
- ------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person 3,484,152
- ------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) / /
Excludes Certain Shares (See Instructions)
- ------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) 2.1%
- ------------------------------------------------------------------------------
14) Type of Reporting Persons (See Instructions) OO
- ------------------------------------------------------------------------------
<PAGE>
CUSIP NUMBER: 775371-10-7 PAGE 7 OF 18 PAGES
- ------------------------------------------------------------------------------
1) Names of Reporting Persons; I.R.S. Identification Nos. (entities only)
Phoebe W. Haas Charitable Trust (B) dated August 24, 1961
- ------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) __X__
(b) _____
- ------------------------------------------------------------------------------
3) SEC Use Only
- ------------------------------------------------------------------------------
4) Source of Funds (See Instructions) N/A
- ------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- ------------------------------------------------------------------------------
6) Citizenship or Place of Organization Pennsylvania
- ------------------------------------------------------------------------------
7) Sole Voting Power 3,484,152
Number of ------------------------------------------------------------
Shares 8) Shared Voting Power 0
Beneficially
Owned by ------------------------------------------------------------
Each Reporting 9) Sole Dispositive Power 3,484,152
Person With
------------------------------------------------------------
10) Shared Dispositive Power 0
- ------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person 3,484,152
- ------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) / /
Excludes Certain Shares (See Instructions)
- ------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) 2.1%
- ------------------------------------------------------------------------------
14) Type of Reporting Persons (See Instructions) OO
- ------------------------------------------------------------------------------
<PAGE>
CUSIP NUMBER: 775371-10-7 PAGE 8 OF 18 PAGES
- ------------------------------------------------------------------------------
1) Names of Reporting Persons; I.R.S. Identification Nos. (entities only)
John C. Haas
- ------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) __X__
(b) _____
- ------------------------------------------------------------------------------
3) SEC Use Only
- ------------------------------------------------------------------------------
4) Source of Funds (See Instructions) N/A
- ------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- ------------------------------------------------------------------------------
6) Citizenship or Place of Organization United States
- ------------------------------------------------------------------------------
7) Sole Voting Power 373,755
Number of ------------------------------------------------------------
Shares 8) Shared Voting Power 60,359,076(1)
Beneficially
Owned by ------------------------------------------------------------
Each Reporting 9) Sole Dispositive Power 373,755
Person With
------------------------------------------------------------
10) Shared Dispositive Power 60,359,076(1)
- ------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person 29,758,539(2)
- ------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) / X /(2)
Excludes Certain Shares (See Instructions)
- ------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) 17.8%
- ------------------------------------------------------------------------------
14) Type of Reporting Persons (See Instructions) IN
- ------------------------------------------------------------------------------
(1) Includes 2,301,048 shares as a trustee of Otto Haas Income
Trust dated December 20, 1945; and 27,083,736 shares as a trustee of
Otto Haas Income Trust dated December 21, 1945
(2) Mr. Haas disclaims beneficial ownership with respect to
5,819,580 shares as a trustee of Otto Haas Charitable Trust dated
August 3, 1955; 21,670,560 shares as a trustee of Otto Haas
Charitable Trust dated September 28, 1956; and 3,484,152 as a trustee
of Phoebe W. Haas Charitable Trust (B) dated August 24, 1961.
<PAGE>
CUSIP NUMBER: 775371-10-7 PAGE 9 OF 18 PAGES
- ------------------------------------------------------------------------------
1) Names of Reporting Persons; I.R.S. Identification Nos. (entities only)
John O. Haas
- ------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) __X__
(b) _____
- ------------------------------------------------------------------------------
3) SEC Use Only
- ------------------------------------------------------------------------------
4) Source of Funds (See Instructions) N/A
- ------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- ------------------------------------------------------------------------------
6) Citizenship or Place of Organization United States
- ------------------------------------------------------------------------------
7) Sole Voting Power 282,192
Number of ------------------------------------------------------------
Shares 8) Shared Voting Power 60,453,762(1)
Beneficially
Owned by ------------------------------------------------------------
Each Reporting 9) Sole Dispositive Power 282,192
Person With
------------------------------------------------------------
10) Shared Dispositive Power 60,453,762(1)
- ------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person 60,735,954
- ------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) / /
Excludes Certain Shares (See Instructions)
- ------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) 36.2%
- ------------------------------------------------------------------------------
14) Type of Reporting Persons (See Instructions) IN
- ------------------------------------------------------------------------------
(1) Includes 94,686 shares held jointly with spouse;
27,083,736 shares as a trustee of Otto Haas Income Trust dated
December 21, 1945; 5,819,580 shares as a trustee of Otto Haas
Charitable Trust dated August 3, 1955; 21,670,560 shares as a trustee
of Otto Haas Charitable Trust dated September 28, 1956; and 3,484,152
as a trustee of Phoebe W. Haas Charitable Trust (A) dated August 24, 1961.
<PAGE>
CUSIP NUMBER: 775371-10-7 PAGE 10 OF 18 PAGES
- ------------------------------------------------------------------------------
1) Names of Reporting Persons; I.R.S. Identification Nos. (entities only)
William D. Haas
- ------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) __X__
(b) _____
- ------------------------------------------------------------------------------
3) SEC Use Only
- ------------------------------------------------------------------------------
4) Source of Funds (See Instructions) N/A
- ------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- ------------------------------------------------------------------------------
6) Citizenship or Place of Organization United States
- ------------------------------------------------------------------------------
7) Sole Voting Power 131,598
Number of ------------------------------------------------------------
Shares 8) Shared Voting Power 60,545,838(1)
Beneficially
Owned by ------------------------------------------------------------
Each Reporting 9) Sole Dispositive Power 131,598
Person With
------------------------------------------------------------
10) Shared Dispositive Power 60,545,838(1)
- ------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person 60,677,436
- ------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) / /
Excludes Certain Shares (See Instructions)
- ------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) 36.2%
- ------------------------------------------------------------------------------
14) Type of Reporting Persons (See Instructions) IN
- ------------------------------------------------------------------------------
(1) Includes 186,762 shares held jointly with spouse;
27,083,736 shares as a trustee of Otto Haas Income Trust dated
December 21, 1945; 5,819,580 shares as a trustee of Otto Haas
Charitable Trust dated August 3, 1955; 21,670,560 shares as a trustee
of Otto Haas Charitable Trust dated September 28, 1956; and 3,484,152
as a trustee of Phoebe W. Haas Charitable Trust (A) dated August 24, 1961.
<PAGE>
CUSIP NUMBER: 775371-10-7 PAGE 11 OF 18 PAGES
- ------------------------------------------------------------------------------
1) Names of Reporting Persons; I.R.S. Identification Nos. (entities only)
Thomas W. Haas
- ------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) __X__
(b) _____
- ------------------------------------------------------------------------------
3) SEC Use Only
- ------------------------------------------------------------------------------
4) Source of Funds (See Instructions) N/A
- ------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- ------------------------------------------------------------------------------
6) Citizenship or Place of Organization United States
- ------------------------------------------------------------------------------
7) Sole Voting Power 55,923
Number of ------------------------------------------------------------
Shares 8) Shared Voting Power 60,898,266(1)
Beneficially
Owned by ------------------------------------------------------------
Each Reporting 9) Sole Dispositive Power 55,923
Person With
------------------------------------------------------------
10) Shared Dispositive Power 60,898,266(1)
- ------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person 60,954,189
- ------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) / /
Excludes Certain Shares (See Instructions)
- ------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) 36.4%
- ------------------------------------------------------------------------------
14) Type of Reporting Persons (See Instructions) IN
- ------------------------------------------------------------------------------
(1) Includes 488,781 shares held jointly with spouse; 50,409
shares held by spouse; 27,083,736 shares as a trustee of Otto Haas
Income Trust dated December 21, 1945; 5,819,580 shares as a trustee
of Otto Haas Charitable Trust dated August 3, 1955; 21,670,560 shares
as a trustee of Otto Haas Charitable Trust dated September 28, 1956;
and 3,484,152 as a trustee of Phoebe W. Haas Charitable Trust (A)
dated August 24, 1961.
<PAGE>
CUSIP NUMBER: 775371-10-7 PAGE 12 OF 18 PAGES
- ------------------------------------------------------------------------------
1) Names of Reporting Persons; I.R.S. Identification Nos. (entities only)
Carole F. Haas
- ------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) __X__
(b) _____
- ------------------------------------------------------------------------------
3) SEC Use Only
- ------------------------------------------------------------------------------
4) Source of Funds (See Instructions) N/A
- ------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- ------------------------------------------------------------------------------
6) Citizenship or Place of Organization United States
- ------------------------------------------------------------------------------
7) Sole Voting Power 30,000
Number of ------------------------------------------------------------
Shares 8) Shared Voting Power 3,484,152(1)
Beneficially
Owned by ------------------------------------------------------------
Each Reporting 9) Sole Dispositive Power 30,000
Person With
------------------------------------------------------------
10) Shared Dispositive Power 3,484,152(1)
- ------------------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person 3,514,152
- ------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row (11) / /
Excludes Certain Shares (See Instructions)
- ------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11) 2.1%
- ------------------------------------------------------------------------------
14) Type of Reporting Persons (See Instructions) IN
- ------------------------------------------------------------------------------
(1) Shares held as a trustee of Phoebe W. Haas Charitable
Trust (A) dated August 24, 1961.
<PAGE>
CUSIP NUMBER: 775371-10-7 PAGE 13 OF 18 PAGES
Item 1. SECURITY AND ISSUER.
(a) The class of equity securities to which this Statement on Schedule
13D relates is Common Stock, par value $1.00 per share ("Common Stock"), of
Rohm and Haas Company, a Delaware corporation (the "Company").
(b) The principal executive offices of the Company are located at
100 Independence Mall West, Philadelphia, Pennsylvania 19106.
Item 2. IDENTITY AND BACKGROUND.
This Schedule 13D is filed by the following persons (collectively,
the "Filers"):
(1) Otto Haas Income Trust dated December 20, 1945, a trust;
(2) Otto Haas Income Trust dated December 21, 1945, a trust;
(3) Otto Haas Charitable Trust dated August 3, 1955, a trust;
(4) Otto Haas Charitable Trust dated September 28, 1956, a trust;
(5) Phoebe W. Haas Charitable Trust (A) dated August 24, 1961, a trust;
(6) Phoebe W. Haas Charitable Trust (B) dated August 24, 1961, a trust;
(7) John C. Haas, an individual;
(8) John O. Haas, an individual;
(9) William D. Haas, an individual;
(10) Thomas W. Haas, an individual; and
(11) Carole F. Haas, an individual.
The occupation for each Filer who is an individual and the business
address for each Filer is as follows:
(1) Otto Haas Income Trust dated December 20, 1945, c/o John C. Haas,
Trustee, 100 Independence Mall West, Philadelphia, PA 19106;
(2) Otto Haas Income Trust dated December 21, 1945, c/o John C. Haas,
Trustee, 100 Independence Mall West, Philadelphia, PA 19106;
(3) Otto Haas Charitable Trust dated August 3, 1955, c/o John C. Haas,
Trustee, 100 Independence Mall West, Philadelphia, PA 19106;
(4) Otto Haas Charitable Trust dated September 28, 1956, c/o John C.
Haas, Trustee, 100 Independence Mall West, Philadelphia, PA 19106;
(5) Phoebe W. Haas Charitable Trust (A) dated August 24, 1961, c/o
John O. Haas, Trustee, 425 Lombard Street, Philadelphia, PA 19147;
(6) Phoebe W. Haas Charitable Trust (B) dated August 24, 1961, c/o
John C. Haas, Trustee, 100 Independence Mall West, Philadelphia, PA 19106;
(7) John C. Haas, retired, 100 Independence Mall West, Philadelphia, PA
19106;
(8) John O. Haas, librarian, 425 Lombard Street, Philadelphia, PA 19147;
(9) William D. Haas, investor, P.O. Box 125, Bear Creek, PA 18602;
(10) Thomas W. Haas, investor, 583 Bay Road, Durham, NH 03824; and
(11) Carole F. Haas, philanthropist, 1830 Rittenhouse Square, Apt. 16B,
Philadelphia, PA 19103.
<PAGE>
CUSIP NUMBER: 775371-10-7 PAGE 14 OF 18 PAGES
During the past five years, none of the Filers has been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors),
nor has any of them been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with respect to
such laws.
Each Filer who is an individual is a citizen of the United States.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
This filing is necessitated by the execution on February 25, 1999 of
the Rohm and Haas Company Shareholder Agreement (the "Shareholder Agreement")
described in Item 4 and not by the acquisition of additional shares of
Rohm and Haas Company Common Stock, par value $1.00 per share ("Common
Stock"). Accordingly, this item is inapplicable.
Item 4. PURPOSE OF TRANSACTION.
The Filers entered into the Shareholder Agreement on February 25, 1999.
Pursuant to the Shareholder Agreement, each Filer has agreed to vote all
shares of Common Stock then beneficially owned in favor of (i) an amendment
to the Restated Certificate of Incorporation of the Company to increase the
number of authorized shares of Common Stock to 400 million shares and (ii)
the issuance of Common Stock in the merger (the "Merger") of Morton
Acquisition Corp., an Indiana corporation and a subsidiary of the Company,
with Morton International, Inc. ("Morton") in accordance with the Business
Corporation Law of the State of Indiana, pursuant to the terms and subject
to the conditions set forth in the Agreement and Plan of Merger dated as of
January 31, 1999 among Morton, Morton Acquisition Corp. and the Company
(the "Merger Agreement").
The Shareholder Agreement will terminate by its terms on the earlier of
(i) consummation of the Merger and (ii) the termination of the Merger
Agreement pursuant to its terms. Until the termination of the Shareholder
Agreement, the Filers have authorized the Company to request that the
transfer agent place a stop transfer order with respect to all shares of
Common Stock beneficially owned by the Filers.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
(a)-(b) Items 7, 8, 9, 10, 11 and 13 from pages 2 through 12 of this
Schedule 13D are incorporated herein by reference.
Mellon Bank, N.A. also shares the power of voting and disposition with
respect to Otto Haas Income Trust dated December 20, 1945 and Otto Haas
Income Trust dated December 21, 1945.
First Union Bank also shares the power of voting and disposition with
respect to Otto Haas Charitable Trust dated August 3, 1955 and Otto Haas
Charitable Trust dated September 28, 1956.
Chara C. Haas also shares the power of voting and disposition with
respect to Phoebe W. Haas Charitable Trust (B) dated August 24, 1961.
(c) None.
<PAGE>
CUSIP NUMBER: 775371-10-7 PAGE 15 OF 18 PAGES
(d) N/A
(e) N/A
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
Item 4 of this Schedule 13D is incorporated herein by reference.
William D. Haas has pledged 120,813 shares of Common Stock to First
Heritage Bank pursuant to that certain Commercial Pledge and Security
Agreement, dated October 29, 1997, among Wyoming Valley Sports Dome, L.P.,
William D. Haas and First Heritage Bank.
William D. Haas and his spouse have pledged 24,762 shares of Common
Stock to First Heritage Bank pursuant to that certain Consumer Pledge
Agreement, dated March 1, 1996, among William D. Haas and his spouse and
First Heritage Bank.
Item 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1.1 Rohm and Haas Company Shareholder Agreement among Morton
International Inc. and certain shareholders of Rohm and Haas Company listed
therein, dated February 25, 1999.
<PAGE>
CUSIP NUMBER: 775371-10-7 PAGE 16 OF 18 PAGES
SIGNATURES
----------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement on Schedule 13D is
true, complete and correct as of the date hereof.
Dated: March 5, 1999
OTTO HAAS INCOME TRUST DATED
DECEMBER 20, 1945
By: /s/ John C. Haas
--------------------------------------
John C. Haas, Trustee
By: /s/ John O. Haas
--------------------------------------
John O. Haas, Trustee
By: /s/ William D. Haas
--------------------------------------
William D. Haas, Trustee
By: /s/ Thomas W. Haas
--------------------------------------
Thomas W. Haas, Trustee
OTTO HAAS INCOME TRUST DATED
DECEMBER 21, 1945
By: /s/ John C. Haas
--------------------------------------
John C. Haas, Trustee
By: /s/ John O. Haas
--------------------------------------
John O. Haas, Trustee
By: /s/ William D. Haas
--------------------------------------
William D. Haas, Trustee
By: /s/ Thomas W. Haas
--------------------------------------
Thomas W. Haas, Trustee
<PAGE>
CUSIP NUMBER: 775371-10-7 PAGE 17 OF 18 PAGES
OTTO HAAS CHARITABLE TRUST
DATED AUGUST 3, 1955
By: /s/ John C. Haas
--------------------------------------
John C. Haas, Trustee
By: /s/ John O. Haas
--------------------------------------
John O. Haas, Trustee
By: /s/ William D. Haas
--------------------------------------
William D. Haas, Trustee
By: /s/ Thomas W. Haas
--------------------------------------
Thomas W. Haas, Trustee
OTTO HAAS CHARITABLE TRUST
DATED SEPTEMBER 28, 1956
By: /s/ John C. Haas
--------------------------------------
John C. Haas, Trustee
By: /s/ John O. Haas
--------------------------------------
John O. Haas, Trustee
By: /s/ William D. Haas
--------------------------------------
William D. Haas, Trustee
By: /s/ Thomas W. Haas
--------------------------------------
Thomas W. Haas, Trustee
PHOEBE W. HAAS CHARITABLE TRUST
(A) DATED AUGUST 24, 1961
By: /s/ Carole F. Haas
--------------------------------------
Carole F. Haas, Trustee
By: /s/ John O. Haas
--------------------------------------
John O. Haas, Trustee
By: /s/ William D. Haas
--------------------------------------
William D. Haas, Trustee
By: /s/ Thomas W. Haas
--------------------------------------
Thomas W. Haas, Trustee
<PAGE>
CUSIP NUMBER: 775371-10-7 PAGE 18 OF 18 PAGES
PHOEBE W. HAAS CHARITABLE TRUST
(B) DATED AUGUST 24, 1961
By: /s/ John C. Haas
--------------------------------------
John C. Haas, Trustee
By: /s/ David W. Haas
--------------------------------------
David W. Haas, Trustee
/s/ John C. Haas
--------------------------------------
John C. Haas
/s/ John O. Haas
--------------------------------------
John O. Haas
/s/ William D. Haas
--------------------------------------
William D. Haas
/s/ Thomas W. Haas
--------------------------------------
Thomas W. Haas
/s/ Carole F. Haas
--------------------------------------
Carole F. Haas
<PAGE>
EXHIBIT 1.1
-----------
ROHM AND HAAS COMPANY SHAREHOLDER AGREEMENT
-------------------------------------------
SHAREHOLDER AGREEMENT (this "Agreement"), dated as of February 25,
1999, among Morton International, Inc., an Indiana corporation (the
"Company"), and the individuals and trusts (collectively, the
"Shareholders") named on Attachment A hereto, relating to the shares of
Common Stock, par value $2.50 per share (the "Common Shares"), of Rohm and
Haas Company, a Delaware corporation ("Parent"), beneficially owned by the
Shareholders.
WITNESSETH:
WHEREAS, the Company, Parent and Morton Acquisition Corp. (formerly
known as Gershwin Acquisition Corp.), an Indiana corporation and a
wholly-owned subsidiary of Parent ("Merger Sub"), have entered into an
Agreement and Plan of Merger, dated as of January 31, 1999 (the "Merger
Agreement"), providing for (i) the offer (the "Offer") by Merger Sub to
purchase up to 80,916,766 shares of Common Stock, par value $1.00 per
share, of the Company ("Company Shares") and the associated preferred share
purchase rights and (ii) the merger of Merger Sub with the Company in
accordance with the Business Corporation Law of the State of Indiana (the
"Merger"), on the terms and subject to the conditions set forth in the
Merger Agreement;
WHEREAS, as of the date hereof, each Shareholder beneficially owns the
number of Common Shares set forth opposite such Shareholder's name on
Attachment A hereto (the "Owned Shares");
WHEREAS, the Company has requested that each Shareholder agree, and
each Shareholder has agreed, to vote all the Owned Shares, together with
any Common Shares acquired after the date of this Agreement, whether upon
the exercise of options, conversion of convertible securities or otherwise,
and any other voting securities of Parent (whether acquired heretofore or
hereafter) that are beneficially owned by such Shareholder or over which
such Shareholder has, directly or indirectly, the right to vote
(collectively, the "Voting Shares"), in favor of (i) an amendment to the
Restated Certificate of Incorporation of Parent to increase the number of
authorized Common Shares to 400 million (the "Charter Amendment") and (ii)
the issuance of Common Shares in the Merger pursuant to the Merger
Agreement (the "Share Issuance") and any other matters submitted to the
holders of Common Shares in furtherance of the Merger;
WHEREAS, the Merger Agreement contemplates that, if following
consummation of the Offer, the Charter Amendment and the Share Issuance are
not approved by the shareholders of Parent, the Merger consideration will
be adjusted to reduce the stock portion of the consideration paid
thereunder such that holders of Company Shares will receive, in the
aggregate, the maximum number of Common Shares that may be issued by Parent
in the Merger without a shareholder vote under applicable laws and stock
exchange regulations, with the remainder of the consideration paid in
cash; and
<PAGE>
WHEREAS, the Shareholders desire to express their support for the
Charter Amendment and the Share Issuance and the transactions contemplated
by the Merger Agreement.
NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration given to each party hereto, the receipt of which is
hereby acknowledged, the parties agree as follows:
1. Agreement to Vote. Each Shareholder hereby agrees that, during the
time this Agreement is in effect, at any meeting of the shareholders of
Parent, however called, or any adjournment thereof, or by written consent,
such Shareholder shall be present (in person or by proxy) and vote (or
cause to be voted) all of its Voting Shares (a) in favor of the Charter
Amendment and the Share Issuance, and any other matter that is required to
facilitate the transactions contemplated by the Merger Agreement, and (b)
against any action or agreement that would result in a breach in any
material respect of any covenant, representation or warranty or any other
obligation or agreement of Parent or Merger Sub under the Merger Agreement
or that would otherwise prevent or materially delay the consummation of the
transactions contemplated by the Merger Agreement. Each Shareholder hereby
revokes any proxy previously granted by it with respect to the Owned Shares
beneficially owned by such Shareholder.
2. Termination.
2.1. Termination of this Agreement. This Agreement shall
terminate on the earlier of (a) the consummation of the Merger pursuant
to the Merger Agreement or (b) the termination of the Merger Agreement
in accordance with its terms.
2.2. Effect of Termination. In the event of termination of this
Agreement pursuant to Section 2.1, this Agreement shall become void and
of no effect with no liability on the part of any party hereto;
provided, however, no such termination shall relieve any party hereto
from any liability for any breach of this Agreement occurring prior to
such termination.
3. Representations and Warranties of Shareholders. Each Shareholder
hereby represents and warrants to the Company, solely as to such
Shareholder, as follows:
3.1 Due Organization. Each Shareholder that is not an individual
has been duly organized, is validly existing and is in good standing,
as applicable, under the laws of the jurisdiction of its organization.
3.2 Power; Due Authorization; Binding Agreement. Such Shareholder
has full legal capacity, power and authority to execute and deliver
this Agreement, to perform its obligations hereunder and to consummate
the transactions contemplated hereby. The execution and delivery of
this Agreement and the consummation of the transactions contemplated
hereby by any Shareholder that is a trust have been duly and validly
authorized by all necessary action on the part of such Shareholder's
trustees, and no other proceedings on the part of such Shareholder are
necessary to authorize this Agreement or to consummate the transactions
contemplated hereby. This Agreement has been duly and validly executed
and delivered by such
2
<PAGE>
Shareholder and constitutes a valid and binding agreement of such
Shareholder, enforceable against such Shareholder in accordance with
its terms, except that enforceability may be subject to the effect of
any applicable bankruptcy, reorganization, insolvency, moratorium or
other similar laws affecting or relating to the enforcement of
creditors rights generally and to general principles of equity.
3.3 Ownership of Shares. On the date hereof, the Owned Shares set
forth opposite such Shareholder's name on Attachment A hereto are owned
of record or beneficially by such Shareholder and constitute all of the
Voting Shares owned of record or beneficially by such Shareholder, free
and clear of any claims, liens, encumbrances and security interests,
except for such claims, liens and encumbrances as are specified on
Attachment B hereto. The Shareholders have voting power with respect
to all of such Owned Shares.
3.4 No Conflicts. The execution and delivery of this Agreement by
such Shareholder do not, and the performance of the terms of this
Agreement by such Shareholder will not, (a) require such Shareholder to
obtain the consent or approval of, or make any filing with or
notification to, any governmental or regulatory authority, domestic or
foreign, (b) in the case of a Shareholder that is a trust, conflict
with or violate the Declaration of Trust or other trust agreement of
such Shareholder, (c) require the consent or approval of any other
person pursuant to any material agreement, obligation or instrument
binding on such Shareholder or its properties and assets, (d) conflict
with or violate any material law, rule, regulation, order, judgment or
decree applicable to such Shareholder or by which any property or asset
of such Shareholder is bound or (e) violate any other material
agreement to which such Shareholder is a party including, without
limitation, any voting agreement, stockholders agreement, irrevocable
proxy or voting trust, except for any consent, approval, filing or
notification, the failure of which to obtain, make or give would not,
or any conflict or violation which would not, prevent, delay or
materially adversely affect the consummation of the transactions
contemplated by this Agreement or the Merger Agreement.
4. Representations and Warranties of the Company. The Company hereby
represents and warrants to each Shareholder as follows: The Company is a
corporation duly organized, validly existing and in good standing under the
laws of the state of Indiana. The Company has full corporate power and
authority to execute and deliver this Agreement, to perform its obligations
hereunder and to consummate the transactions contemplated hereby. The
execution and delivery of this Agreement and the consummation by the
Company of the transactions contemplated hereby have been duly and validly
authorized by all necessary corporate action on the part of the Company,
and no other proceedings on the part of the Company are necessary to
authorize this Agreement or to consummate the transactions contemplated
hereby. This Agreement has been duly and validly executed and delivered by
the Company and constitutes a valid and binding agreement of the Company.
5. Certain Covenants of Shareholders. Each Shareholder hereby
covenants and agrees as follows:
5.1 Restriction on Transfer, Proxies and Non-Interference. Each
Shareholder hereby agrees, while this Agreement is in effect, and
except as contemplated hereby, not to (a) sell, transfer, pledge,
encumber, assign or otherwise dispose of, or enter into any contract,
option or
3
<PAGE>
other arrangement or understanding with respect to the sale,
transfer, pledge, encumbrance, assignment or other disposition of, or
limitation on the voting rights of, any of the Voting Shares, (b) grant
any proxies or powers of attorney, deposit any Voting Shares into a
voting trust or enter into a voting agreement with respect to any
Voting Shares or (c) take any action that would make any representation
or warranty of such Shareholder contained herein untrue or incorrect or
have the effect of preventing or disabling such Shareholder from
performing its obligations under this Agreement. Any transfer of
Voting Shares not permitted hereby shall be null and void. Each
Shareholder agrees that any such prohibited transfer may and should be
enjoined. If any involuntary transfer of any of the Voting Shares
shall occur (including, but not limited to, a sale by a Shareholder's
trustee in bankruptcy, or a sale to a purchaser at any creditor's or
court sale), the transferee (which term, as used herein, shall include
any and all transferees and subsequent transferees of the initial
transferee) shall take and hold such Voting Shares subject to all of
the restrictions, liabilities and rights under this Agreement, which
shall continue in full force and effect.
5.2 Additional Shares. Each Shareholder hereby agrees, while this
Agreement is in effect, to promptly notify the Company of the number of
any new Voting Shares acquired by such Shareholder, if any, after the
date hereof. Any such shares shall be subject to the terms of this
Agreement.
5.3 Certain Actions Restricted. Each Shareholder hereby agrees
that prior to the conclusion of the Parent Stockholders Meeting (as
defined in the Merger Agreement) (including any adjournments thereof)
it will not, and will not permit its trustees, officers, agents or
representatives to, directly or indirectly, without the written consent
of the Company, take, or propose to take, or agree to take in writing
or otherwise, any action which would be reasonably likely to prevent or
materially delay the Offer or the Merger or make any of the
representations or warranties of such Shareholder contained in this
Agreement, untrue and incorrect as of the date when made if such action
had then been taken; provided, that nothing contained in this Section
5.3 shall prevent the trustee or trustees of any Shareholder that is a
trust from taking any action which does not constitute a breach of
Section 1, Section 5.1 or Section 5.2 hereof to the extent that such
trustee or trustees determine in good faith, based on the advice of
outside counsel to such trustee or trustees, that failure to take such
action would violate its or their fiduciary duties under applicable
law.
6. Further Assurances. From time to time, at the Company's request and
without further consideration, each Shareholder shall execute and deliver
such additional documents and take all such further action as may be
necessary or desirable to consummate and make effective the transactions
contemplated by Section 1 of this Agreement.
7. Stop Transfer Order. In furtherance of this Agreement, and
concurrently herewith, each Shareholder shall and hereby does authorize
Parent or Parent's counsel to notify Parent's transfer agent that there is
a stop transfer order with respect to all of such Shareholder's Voting
Shares.
8. Miscellaneous.
8.1 Non-Survival. The representations and warranties made herein
shall not
4
<PAGE>
survive the termination of this Agreement.
8.2 Entire Agreement; Assignment. This Agreement (a) constitutes
the entire agreement among the parties with respect to the subject
matter hereof and supersedes all other prior agreements and
understandings, both written and oral, among the parties with respect
to the subject matter hereof and (b) shall not be assigned by operation
of law or otherwise.
8.3 Amendments. This Agreement may not be modified, amended,
altered or supplemented, except upon the execution and delivery of a
written agreement executed by each of the parties hereto.
8.4 Notices. All notices, requests, claims, demands and other
communications hereunder shall be in writing and shall be given (and
shall be deemed to have been duly received if so given) by hand
delivery, by facsimile transmission or by mail (registered or certified
mail, postage prepaid, return receipt requested) or by any courier
service, such as Federal Express, providing proof of delivery. All
communications hereunder shall be delivered to the respective parties
at the following addresses:
If to a Shareholder, to such Shareholder's address set forth on the
signature pages hereto,
copy to:
Rohm and Haas Company
100 Independence Mall West
Philadelphia, Pennsylvania 19106
Attention: Corporate Secretary
Fax: (215) 592-3227
and
Simpson Thacher & Bartlett
425 Lexington Avenue
New York, New York 10017
Attention: William E. Curbow, Esq.
Fax: (212) 455-2502
If to the Company:
Morton International, Inc.
100 North Riverside Plaza
Chicago, Illinois 60606
Attention: Corporate Secretary
Fax: (312) 807-2101
copy to:
Wachtell, Lipton, Rosen & Katz
51 West 52nd Street
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<PAGE>
New York, New York 10019
Attention: Eric S. Robinson, Esq.
Fax: (212) 403-2000
or to such other address as the person to whom notice is given may have
previously furnished to the others in writing in the manner set forth
above.
8.5 Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of Delaware,
regardless of the laws that might otherwise govern under applicable
principles of conflicts of laws thereof.
8.6 Specific Performance. Each Shareholder recognizes and
acknowledges that a breach by it of any covenants or agreements
contained in this Agreement will cause the Company to sustain
irreparable injury and damages, for which money damages would not
provide an adequate remedy, and therefore each Shareholder agrees that
in the event of any such breach the Company shall be entitled to the
remedy of specific performance of such covenants and agreements and
injunctive and other equitable relief in addition to any other remedy
to which it may be entitled, at law or in equity. In addition, each of
the parties hereto (a) consents to submit itself to the personal
jurisdiction of any Federal or state court located in the State of
Delaware in the event any dispute arises out of this Agreement or any
of the transactions contemplated by this Agreement; (b) agrees that it
will not attempt to deny or defeat such personal jurisdiction by motion
or other request for leave from any such court; and (c) agrees that it
will not bring any action relating to this Agreement or any of the
transactions contemplated by this Agreement in any court other than a
Federal or state court sitting in the State of Delaware, and appoints
Parent as the agent for service of process in connection with this
Agreement.
8.7 Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be an original, but all
of which together shall constitute one and the same Agreement.
8.8 Descriptive Headings. The descriptive headings used herein
are inserted for convenience of reference only and are not intended to
be part of or to affect the meaning or interpretation of this
Agreement.
8.9 Severability. Whenever possible, each provision or portion of
any provision of this Agreement will be interpreted in such manner as
to be effective and valid under applicable law but if any provision or
portion of any provision of this Agreement is held to be invalid,
illegal or unenforceable in any respect under any applicable law or
rule in any jurisdiction, such invalidity, illegality or
unenforceability will not affect any other provision or portion of any
provision in such jurisdiction, and this Agreement will be reformed,
construed and enforced in such jurisdiction as if such invalid, illegal
or unenforceable provision or portion of any provision had never been
contained herein.
6
<PAGE>
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed as of the day and year first above written.
MORTON INTERNATIONAL, INC.
By: /s/ Raymond P. Buschmann
------------------------------------
Name: Raymond P. Buschmann
Title: Vice President for Legal Affairs,
General Counsel and Secretary
OTTO HAAS TRUST DATED
DECEMBER 20, 1945
c/o John C. Haas, Trustee
100 Independence Mall West
Philadelphia, PA 19106
By: /s/ John C. Haas
---------------------------------------
John C. Haas, Trustee
By: /s/ John O. Haas
---------------------------------------
John O. Haas, Trustee
By: /s/ William D. Haas
---------------------------------------
William D. Haas, Trustee
By: /s/ Thomas W. Haas
---------------------------------------
Thomas W. Haas, Trustee
OTTO HAAS TRUST DATED
DECEMBER 21, 1945
c/o John C. Haas, Trustee
100 Independence Mall West
Philadelphia, PA 19106
By: /s/ John C. Haas
---------------------------------------
John C. Haas, Trustee
By: /s/ John O. Haas
---------------------------------------
John O. Haas, Trustee
By: /s/ William D. Haas
---------------------------------------
William D. Haas, Trustee
By: /s/ Thomas W. Haas
---------------------------------------
Thomas W. Haas, Trustee
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<PAGE>
OTTO HAAS CHARITABLE TRUST
DATED AUGUST 3, 1955
c/o John C. Haas, Trustee
100 Independence Mall West
Philadelphia, PA 19106
By: /s/ John C. Haas
---------------------------------------
John C. Haas, Trustee
By: /s/ John O. Haas
---------------------------------------
John O. Haas, Trustee
By: /s/ William D. Haas
---------------------------------------
William D. Haas, Trustee
By: /s/ Thomas W. Haas
---------------------------------------
Thomas W. Haas, Trustee
OTTO HAAS CHARITABLE TRUST
DATED SEPTEMBER 28, 1956
c/o John C. Haas, Trustee
100 Independence Mall West
Philadelphia, PA 19106
By: /s/ John C. Haas
---------------------------------------
John C. Haas, Trustee
By: /s/ John O. Haas
---------------------------------------
John O. Haas, Trustee
By: /s/ William D. Haas
---------------------------------------
William D. Haas, Trustee
By: /s/ Thomas W. Haas
---------------------------------------
Thomas W. Haas, Trustee
PHOEBE W. HAAS TRUST (A) DATED
AUGUST 24, 1961
c/o John O. Haas, Trustee
425 Lombard Street
Philadelphia, PA 19147
By: /s/ Carole F. Haas
---------------------------------------
Carole F. Haas, Trustee
By: /s/ John O. Haas
---------------------------------------
John O. Haas, Trustee
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<PAGE>
By: /s/ William D. Haas
---------------------------------------
William D. Haas, Trustee
By: /s/ Thomas W. Haas
---------------------------------------
Thomas W. Haas, Trustee
PHOEBE W. HAAS TRUST (B) DATED
AUGUST 24, 1961
c/o John C. Haas, Trustee
100 Independence Mall West
Philadelphia, PA 19106
By: /s/ John C. Haas
---------------------------------------
John C. Haas, Trustee
By: /s/ David W. Haas
---------------------------------------
David W. Haas, Trustee
By: /s/ Chara C. Haas
---------------------------------------
Chara C. Haas, Trustee
9
<PAGE>
/s/ John C. Haas
---------------------------------------
John C. Haas
100 Independence Mall West
Philadelphia, PA 19106
/s/ John O. Haas
---------------------------------------
John O. Haas
425 Lombard Street
Philadelphia, PA 19147
/s/ Janet F. Haas
---------------------------------------
Janet F. Haas
The William Penn Foundation
2 Logan Square - 11th Floor
100 N. 18th Street
Philadelphia, PA 19103
/s/ William D. Haas
---------------------------------------
William D. Haas
P.O. Box 125
Bear Creek, PA 18602
/s/ Jeanie O. Haas
---------------------------------------
Jeanie O. Haas
P.O. Box 125
Bear Creek, PA 18602
/s/ Thomas W. Haas
---------------------------------------
Thomas W. Haas
583 Bay Road
Durham, NH 03824
/s/ Melinda Haas
---------------------------------------
Melinda Haas
583 Bay Road
Durham, NH 03824
/s/ Carole F. Haas
---------------------------------------
Carole F. Haas
1830 Rittenhouse Square
Apt. 16B
Philadelphia, PA 19103
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<PAGE>
ATTACHMENT A
Shareholder Owned Shares
----------------------------------------------- ------------
Otto Haas Trust dated 12/20/45 2,301,048
Otto Haas Trust dated 12/21/45 27,083,736
Otto Haas Charitable Trust dated 8/3/55 5,819,580
Otto Haas Charitable Trust dated 9/28/56 21,670,560
Phoebe W. Haas (A) Trust dated 8/24/61 3,484,152
Phoebe W. Haas (B) Trust dated 8/24/61 3,484,152
John C. Haas, individually 373,755
John O. Haas, individually 282,192
John O. Haas, jointly with Janet F. Haas 94,686
William D. Haas, individually 131,598
William D. Haas, jointly with Jeanie O. Haas 186,762
Thomas W. Haas, individually 43,638
Thomas W. Haas, jointly with Melinda Haas 488,781
Thomas W. Haas, jointly with Vanguard Brokerage 12,285
Melinda Haas 50,409
Carole F. Haas, widow of Otto Haas 30,000
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<PAGE>
ATTACHMENT B
William D. Haas has pledged 120,813 Owned Shares (Stock Certificate No.
S 49338) to First Heritage Bank pursuant to that certain Commercial Pledge
and Security Agreement, dated October 29, 1997, among Wyoming Valley Sports
Dome, L.P., William D. Haas and First Heritage Bank (the "Security
Agreement"), a true and complete copy of which has been provided to the
Company. William D. Haas represents and warrants to the Company that, to
the best of his knowledge, as of the date of this Agreement, no event of
default exists or has occurred under the Security Agreement.
William D. Haas and Jeanie E. Haas have pledged 24,762 Owned Shares to
First Heritage Bank pursuant to that certain Consumer Pledge Agreement,
dated March 1, 1996, among William D. Haas and Jeanie E. Haas and First
Heritage Bank (the "Consumer Pledge Agreement"), a true and complete copy
of which has been provided to the Company. William D. Haas and Jeanie E.
Haas represent and warrant to the Company that, as of the date of this
Agreement, no event of default exists or has occurred under the Consumer
Pledge Agreement.
12
