<PAGE>
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
[_] Definitive Additional Materials
[X] Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12
GLOBAL MOTORSPORT GROUP, 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)(4) and 0-11.
(1) Title of each class of securities to which transaction applies:
-------------------------------------------------------------------------
(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:
-------------------------------------------------------------------------
Notes:
<PAGE>
NEWS RELEASE MACKENZIE
PARTNERS, INC.
156 FIFTH AVENUE
NEW YORK, NY 10010
212 929-5500
FAX 212 929-0308
CONTACTS:
- ---------
MACKENZIE PARTNERS, INC.
GRACE PROTOS
(212)929-5802
OR
MARK HARNETT
(212)929-5877
GLOBAL MOTORSPORT GROUP, INC. FILES SUIT AGAINST GOLDEN CYCLE FOR ALLEGED
VIOLATIONS OF THE FEDERAL SECURITIES LAWS IN CONNECTION WITH ITS TAKEOVER SCHEME
Morgan Hill, CA - April 6, 1998 - Global Motorsport Group, Inc. (NASDAQ:CSTM)
announced today that it has filed suit in the US District Court, Northern
District of California, against Golden Cycle, LLC, alleging violation of the
Federal Securities laws including false and misleading proxy materials and 13D
filings with the SEC in a scheme to replace the Company's current Board of
Directors and take control of the Company. The claims against Golden Cycle, and
its two principal shareholders, Alexander Grass and his son Roger, allege that
their false and misleading statements and omissions of material fact violate
federal securities laws.
Mr. Joseph F. Keenan, Chairman of the Board, said "The Board believes that its
shareholders are entitled to full and fair disclosure in order to make informed
decisions regarding Golden Cycles' true intentions and motives behind its
hostile takeover tactics. Unlike Golden Cycle, the Board has a fiduciary duty
to act in the best interest of all shareholders and is in the process of
evaluating Golden Cycles' proposal relative to alternatives available to the
Company and its shareholders."
Mr. Keenan added "The Board intends to consider, in consultation with its
financial and legal advisors, Golden Cycles' unsolicited proposal later this
week. Following that meeting, the Board will announce its recommendations to
shareholders concerning the proposal and consent solicitation. In the meantime,
shareholders are encouraged not to act hastily with respect to their
investment."
The Company also anticipates filing its proxy materials with the SEC its in
response to Golden Cycles' preliminary consent materials shortly following the
Board of Directors meeting this week.
Global Motorsport Group, Inc. (formerly Custom Chrome, Inc.) was founded in 1970
and it is the parent organization for an international group of motorcycle after
market providers that focus their business on Harley-Davidson motorcycles sold
worldwide. Global's organization includes Custom Chrome, the leading aftermarket
supplier of Harley-Davidson motorcycle parts and accessories; Chrome
Specialties, an aftermarket supplier of Harley-Davidson motorcycle parts and
accessories located in Fort Worth, Texas; Custom Chrome Far East, a product
development, engineering, tooling management and warehouse of proprietary
products for Global, located in Taiwan; Custom Chrome Europe, a distribution
company located in Germany that specializes in aftermarket accessories for
Harley-Davidson motorcycles and other "cruiser" motorcycles, and Santee
Industries, a manufacturer of frames and exhaust systems and other aftermarket
components for Harley-Davidson motorcycles, located in California.
<PAGE>
Global Motorsport Group, Inc., the members of its Board of Directors, and
certain other employees of the Company may be deemed to be participants in the
solicitation of proxies, as such terms are defined in the rules of the
Securities and Exchange Commission. The Company's Board of Directors consists of
the following persons: Joseph Piazza, President and Chief Executive Officer of
the Company, James J. Kelly, Executive Vice President, Finance, Chief Financial
Officer and Secretary of the Company, Joseph F. Keenan, Chairman of the Board
and a private attorney, and Lionel M. Allan, President of Allan Advisors, Inc.,
a legal consulting firm. The Board currently beneficially owns in the aggregate
approximately 4.7% of the Company's common stock.
# # #
