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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 / /
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))
/X/ Definitive Proxy Statement
/ / Definitive Additional Materials
/ / Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12
ARIEL CORPORATION
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(Name of Registrant as Specified In Its Charter)
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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/X/ No fee required
/ / Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11
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pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
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or the Form or Schedule and the date of its filing.
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[LETTERHEAD OF ARIEL CORPORATION]
NOTICE
SPECIAL MEETING OF STOCKHOLDERS
HAS BEEN ADJOURNED
New Meeting Time: 10:00AM on February 15, 2001
Ariel Corporation
2540 Route 130
Cranbury, NJ 08512
January 18, 2001
Dear Stockholder:
We have previously sent you material relating to a Special Meeting of
Stockholders of Ariel Corporation that was held on December 20, 2000. The
meeting was adjourned until Friday, January 12, 2000 in order to allow
sufficient time to obtain the additional voting needed to pass the proposal
submitted for your approval. Although a substantial number of additional votes
was received, the number of votes to reach a quorum necessary to conduct the
business of the meeting was not obtained. Thus, the meeting has been adjourned
until Thursday, February 15, 2001 to allow sufficient time to obtain additional
votes.
This proposal is to ratify the future issuance of shares of the
Company's Common Stock to comply with Rule 4350 (formally Rule 4460) of the
National Association of Securities Dealers, Inc. The proposal is fully described
in the materials previously sent to you.
The required vote to pass the amendment is a majority of the
outstanding shares cast at the meeting. As of today, the overwhelming
majority-more than 80% - of all stockholders voted has approved the proposal.
However, we still need additional votes to meet our quorum requirement.
Your Board of Directors Recommend a Vote in FAVOR
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Your vote is urgently needed to avoid the continued expense of
additional solicitations on this proposal. Please sign, date and mail the
enclosed proxy card today using the enclosed postage and envelope provided. We
appreciate your cooperation in this matter.
If you have any questions or need assistance in voting your shares,
please call our proxy solicitor Corporate Investor Communications at
1-201-896-1900.
Sincerely,
Dennis I. Schneider
Chief Executive Officer
