Ampex Corporation
500 Broadway
Redwood City, California 94063
June 1, 1999
To Our Stockholders:
I am writing to inform you that the 1999 Annual Meeting of Stockholders,
which commenced on May 28, 1999, was adjourned by vote of stockholders to allow
additional time for stockholders to return their proxies to the Company. The
adjourned meeting will recommence at the offices of the Company at 500 Broadway,
Redwood City, California, on Friday, June 18, 1999, at 9:00 a.m., for the
purposes specified in the Notice of Meeting and Proxy Statement dated April 16,
1999 previously sent to stockholders. You are cordially invited to attend the
adjourned meeting.
I wish to advise you of one correction to the Proxy Statement previously
sent to stockholders. Under the section entitled "Voting Rights" it is stated
that abstentions and broker non-votes will have the same effect as a vote
against adoption of a Proposal. This statement is correct only with respect to
Proposal 2 - Amendment to Restated Certificate of Incorporation. The other
Proposals will be adopted upon the affirmative vote of the holders of a majority
or plurality (as indicated in the Proxy Statement) of the shares of Class A
Stock represented and voting at the meeting on the Proposal.
At present, the Corporation has received sufficient votes to adopt each of
the Proposals on the corrected basis described in this letter. If you have
already voted and wish your previous vote to stand, no action is required on
your part. However, if you have not yet voted you may do so by signing and
returning your proxy card prior to the adjourned meeting on June 18, 1999. If
for any reason you have already voted but want to change your vote on any
Proposal you may do so by contacting our solicitation firm, D.F. King & Co.,
Inc. at (800) 758-5880 and requesting a new proxy card, or by attending the
adjourned meeting and voting in person. If your shares are held by your broker
or banker, please contact the person responsible for your account for
assistance.
Thank you for your continued support.
Sincerely,
/s/ Edward J. Bramson
Edward J. Bramson
Chairman
