SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934
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 ss. 240.14a-11(c) or ss. 240.14a-12
HI-LO AUTOMOTIVE, INC.
(Name of Registrant as Specified in its Charter)
_____________________________________________________________________
(Name of Person(s) Filing Proxy Statement if other than the Registrant)
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[X] No fee required.
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pursuant to Exchange Act Rule 0-11:
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[HI/LO LOGO]
2575 W. BELLFORT
HOUSTON, TEXAS 77054
(713) 663-6700
HI-LO AUTOMOTIVE, INC.
PRESS RELEASE
FOR IMMEDIATE RELEASE CONTACT:
Gary D. Walther
Chief Financial Officer
(713) 663-6700
Houston, Texas - May 2, 1997. Hi-Lo Automotive, Inc. (NYSE-HLO) today
announced that the Hwang Family Ltd. Partnership group has notified the Company
that the partnership group no longer intends to solicit proxies for the election
of its proposed nominees to the Company's Board of Directors. The Hwang
partnership group had previously disclosed its intention to nominate and solicit
proxies in favor of three dissident nominees.
T. Michael Young, President and Chief Executive Officer, said, "We are
pleased that the Hwang group has decided to forego this proxy contest. We have
great confidence in Hi/LO's Board members, each of whom has been nominated for
re-election at the 1997 Annual Meeting to be held May 20, 1997."
Hi-Lo Automotive, Inc. sells automotive aftermarket parts, products and
accessories to retail and commercial customers through its 189 stores in Texas,
Louisiana and California.
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