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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
[ ] Definitive Proxy Statement Commission Only (as permitted
[X] Definitive Additional Materials by Rule 14a-6(e)(2))
[ ] Soliciting Material Pursuant to Rule
14a-11(c) or Rule 14a-12
RESTORATION HARDWARE, INC.
------------------------------------------------
(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):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
(1) Title of each class of securities to which transaction applies:
Common Stock, $0.01 par value
(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.
(1) Amount previously paid:
(2) Form, Schedule or Registration Statement no.:
(3) Filing Party:
(4) Date Filed:
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RESTORATION HARDWARE, INC.
SUPPLEMENT TO PROXY STATEMENT
------------------------
1999 ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD JUNE 18, 1999
------------------------
This is a Supplement to the Proxy Statement, dated May 12, 1999, first
mailed to the stockholders of Restoration Hardware, Inc. (the "Company"), on May
12, 1999. The purpose of the Supplement is to update certain information
contained in the Proxy Statement.
1.) The following information supplements, and should be read in
conjunction with, the information contained in the Proxy Statement, beginning on
page 2, captioned "Proposal One -- Election of Directors."
As stated in the Proxy Statement, one of the director nominees for the term
ending upon the 2002 Annual Meeting of Stockholders is Mr. Damon Ball. Mr. Ball
recently left Desai Capital and is now a Managing Director of Sextant Capital
Advisors, LLC, a venture fund and financial advisory company formed by Mr. Ball.
Except as described above, there are no other changes to the discussion
captioned "Proposal One -- Election of Directors," contained on page 2 of the
Proxy Statement.
2.) The following table sets forth certain information known to the Company
with respect to the beneficial ownership of the Company's Common Stock. It
replaces in its entirety the table set forth under "Ownership of Securities"
contained on page 8 of the Proxy Statement.
OWNERSHIP OF SECURITIES
The following table sets forth certain information known to the Company
with respect to the beneficial ownership of the Company's Common Stock as of
April 19, 1999, by (i) all persons who are beneficial owners of five percent
(5%) or more of the Company's Common Stock based on information provided to the
Company from such holders, (ii) each director and nominee for director, (iii)
the executive officers named in the Summary Compensation Table of the Executive
Compensation and Related Information section of this Proxy Statement and (iv)
all current directors and executive officers as a group. Unless otherwise
indicated,
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each of the stockholders has sole voting and investment power with respect to
the shares beneficially owned, subject to community property laws, where
applicable.
<TABLE>
<CAPTION>
PERCENTAGE
SHARES OF SHARES
BENEFICIALLY BENEFICIALLY
BENEFICIAL OWNER OWNED OWNED(1)
---------------- ------------ ------------
<S> <C> <C>
Stephen Gordon(2)........................................... 3,477,939 21.21%
E.W. Rose III............................................... 1,263,858 7.71%
Weston Presidio Capital II, L.P.(3)......................... 1,577,681 9.62%
Chase Venture Capital Associates, L.P.(4)................... 1,430,030 8.72%
Thomas Christopher(5)....................................... 1,146,183 6.99%
Desai Funds(6).............................................. 911,452 5.56%
Marshall Payne(7)........................................... 473,581 2.89%
Ray Hemmig(8)............................................... 231,373 1.41%
Thomas Low(9)............................................... 141,238 *
Millard Drexler(10)......................................... 111,163 *
Robert Camp(11)............................................. 86,522 *
Michael Lazarus(12)......................................... 52,663 *
David Ferguson(13).......................................... 21,163 *
Damon Ball(14).............................................. 21,000 *
All directors and executive officers as a group (10
persons).................................................. 5,762,825 35.1%
</TABLE>
- ---------------
* Less than one percent of the outstanding Common Stock.
(1) Percentage of ownership is based on 16,398,172 shares of Common Stock
outstanding on April 19, 1999. Shares of Common Stock subject to stock
options which are currently exercisable or will become exercisable within
60 days after April 19, 1999 are deemed outstanding for computing the
percentage of the person or group holding such options, but are not deemed
outstanding for computing the percentage of any other person or group.
(2) Includes 260,631 shares of Common Stock subject to options exercisable
within 60 days of April 19, 1999 held by Mr. Gordon. Also includes 140,000
shares of Common Stock held by the Christine B. Gordon 1998 Qualified
Grantor Retained Annuity Trust, of which Christine Gordon, the spouse of
Stephen J. Gordon, is the sole trustee, and 140,000 shares held by the
Stephen J. Gordon 1998 Qualified Grantor Retained Annuity Trust, of which
Stephen J. Gordon is the sole trustee.
(3) Excludes 52,663 shares of Common Stock subject to options held by Mr.
Lazarus, a general partner of Weston Presidio Capital II, L.P.
(4) Excludes 21,163 shares of Common Stock subject to options held by David
Ferguson, a general partner of the general partner of Chase Venture Capital
Associates, L.P.
(5) Includes 477,132 shares of Common Stock subject to options exercisable
within 60 days of April 19, 1999 held by Mr. Christopher. Includes 109,375
shares of Common Stock held by the Barbara Christopher 1997 Qualified
Grantor Retained Annuity Trust, of which Barbara Christopher, the spouse of
Thomas A. Christopher, is the sole trustee, 2,625 shares held directly by
Barbara Christopher and 109,375 shares of Common Stock held by the Thomas
A. Christopher 1997 Qualified Grantor Annuity Trust, of which Thomas A.
Christopher is the sole trustee.
(6) Includes shares of Common Stock held by Equity Linked Investors II and
Private Equity Investors III, L.P.
(7) Includes 52,500 shares of Common Stock subject to options exercisable
within 60 days of April 19, 1999 held by Mr. Payne.
(8) Includes 52,663 shares of Common Stock subject to options exercisable
within 60 days of April 19, 1999 held by Mr. Hemmig.
2
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(9) Includes 99,850 shares of Common Stock subject to options exercisable
within 60 days of April 19, 1999 held by Mr. Low.
(10) Includes 7,163 shares of Common Stock subject to options exercisable within
60 days of April 19, 1999 held by Mr. Drexler.
(11) Includes 52,663 shares of Common Stock subject to options exercisable
within 60 days of April 19, 1999 held by Mr. Camp.
(12) Includes 52,663 shares of Common Stock subject to options exercisable
within 60 days of April 19, 1999 held by Mr. Lazarus. Excludes any shares
owned by Weston Presidio Capital II, L.P.
(13) Includes 21,163 shares of Common Stock subject to options exercisable
within 60 days of April 19, 1999 held by Mr. Ferguson. Excludes any shares
owned by Chase Venture Capital Associates, L.P.
(14) Includes 21,000 shares of Common Stock subject to options exercisable
within 60 days of April 19, 1999 held by Mr. Ball.
* * *
This Supplement to Proxy Statement is dated June 3, 1998 and is first being
mailed to the Company's stockholders on or about June 4, 1998.
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