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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. 1)
Filed by the Registrant [_]
Filed by a Party other than the Registrant [X]
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 (S) 240.14a-11(c) or (S) 240.14a-12
WISCONSIN CENTRAL TRANSPORTATION CORPORATION
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(Name of Registrant as Specified In Its Charter)
WISCONSIN CENTRAL SHAREHOLDERS COMMITTEE TO MAXIMIZE VALUE
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(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)(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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(4) Date Filed:
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Notes:
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Wisconsin Central Shareholders Committee
to Maximize Value
Discussion Points
. Historical Results and Recent Decline
. North America Revenues
. North America Net Income
. Overseas Equity Earnings
. Total Earnings
. Committee's Program
. Strengthen Domestic Operation and Position for Sale
. Fix or Sell Off Underperforming Overseas Minority Investments
. Discontinue Overseas Acquisition Activity
. Improve Corporate Governance - Eliminate Conflicts of Interest on Board
. Increase Share Buy-Back
. Mechanics of the Consent Solicitation
. Views on Timing and Realizable Value
9 November 2000
<PAGE>
WISCONSIN CENTRAL TRANSPORTATION CORPORATION
Quarterly Performance: 1996 - 2000
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
30-Sep-96 31-Dec-96 31-Mar-97 30-Jun-97 30-Sep-97 31-Dec-97 31-Mar-98
North American Net Income 9,501 7,144 7,361 10,744 12,023 8,680 10,488
Total Equity Income In Foreign Affiliates 7,500 10,205 10,273 9,937 9,378 9,030 9,941
Net Income 17,091 17,349 17,634 20,681 21,401 17,710 20,429
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
30-Jun-98 30-Sep-98 31-Dec-98 31-Mar-99 30-Jun-99 30-Sep-99 31-Dec-99
North American Net Income 12,020 13,573 13,046 8,473 12,881 10,401 12,636
Total Equity Income In Foreign Affiliates 7,007 5,841 4,378 5,200 5,973 5,581 5,712
Net Income 19,027 19,414 17,424 13,673 18,854 15,982 18,348
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
31-Mar-00 30-Jun-00
North American Net Income 8,081 11,165
Total Equity Income In Foreign Affiliates 4,523 -3,390
Net Income 12,604 7,775
</TABLE>
Wisconsin Central Transportation Corporation
Quarterly North American Net Income
(Thousand Dollars)
[BAR CHART APPEARS HERE]
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
30-Sep-96 31-Dec-96 31-Mar-97 30-Jun-97 30-Sep-97 31-Dec-97 31-Mar-98
--------- --------- --------- --------- --------- --------- ---------
Total Equity Income In Foreign Affiliates 7,500 10,205 10,273 9,937 9,378 9,030 9,941
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
30-Jun-98 30-Sep-98 31-Dec-98 31-Mar-99 30-Jun-99 30-Sep-99 31-Dec-99
--------- --------- --------- --------- --------- --------- ---------
Total Equity Income In Foreign Affiliates 7,007 5,841 4,378 5,200 5,973 5,581 5,712
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
31-Mar-00 30-Jun-00
--------- ---------
Total Equity Income In Foreign Affiliates 4,523 -3,390
</TABLE>
Wisconsin Central Transportation Corporation
Quarterly Equity Income In Foreign Affiliates
(Thousand Dollars)
[CHART APPEARS HERE]
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
30-Sep-96 31-Dec-96 31-Mar-97 30-Jun-97 30-Sep-97 31-Dec-97 31-Mar-98
--------- --------- --------- --------- --------- --------- ---------
Net Income 17,091 17,349 17,634 20,681 21,401 17,710 20,429
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
30-Jun-98 30-Sep-98 31-Dec-98 31-Mar-99 30-Jun-99 30-Sep-99 31-Dec-99
--------- --------- --------- --------- --------- --------- ---------
Net Income 19,027 19,414 17,424 13,673 18,854 15,982 18,348
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
31-Mar-00 30-Jun-00
--------- ---------
Net Income 12,604 7,775
</TABLE>
Wisconsin Central Transportation Corporation
Quarterly Net Income
(Thousand Dollars)
[CHART APPEARS HERE]
Wisconsin Central Transportation Corporation
Operating Revenue
(Thousand Dollars)
[CHART APPEARS HERE]
Wisconsin Central Shareholders Committee
to Maximize Value
Discussion Points
. Historical Results and Recent Decline
. North America Revenues
. North America Net Income
. Overseas Equity Earnings
. Total Earnings
. Committee's Program
. Strengthen Domestic Operation and Position for Sale
. Fix or Sell Off Underperforming Overseas Minority Investments
. Discontinue Overseas Acquisition Activity
. Improve Corporate Governance - Eliminate Conflicts of Interest on Board
. Increase Share Buy-Back
. Mechanics of the Consent Solicitation
. Views on Timing and Realizable Value
9 November 2000
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CERTAIN INFORMATION CONCERNING PARTICIPANTS
The Wisconsin Central Shareholders Committee to Maximize Value, the members
of the Committee, the nominees for election as directors proposed by the
Committee and certain other persons may be deemed to be participants in the
solicitation of shareholder consents referred to in this filing. Information
regarding each participant is included in the preliminary consent statement
filed by the Committee with the Securities and Exchange Commission on October
20, 2000. The Committee intends to mail definitive copies of the consent
statement, together with consent cards, to Wisconsin Central shareholders in the
near future. Wisconsin Central shareholders are urged to read the consent
statement carefully when it is available because it contains important
information. The Committee's consent statement is available without charge at
the SEC's Internet web site at www.sec.gov. In addition, the Committee will
provide copies of its consent statement without charge upon request. Requests
for copies should be directed to the Committee's information agent, Innisfree
M&A Incorporated, at its toll-free number: 1-888-750-5834.
