SCHEDULE 14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
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 [X]
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<CAPTION>
Check the appropriate box:
<S> <C>
[ ] 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 Under Rule 14a-12
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INTERIORS, INC.
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(Name of Registrant as Specified in Its Charter)
The Broderick Committee
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(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
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<PAGE>
CONTACT: Paul Schulman, Corporate Investor Communications, Inc. 201-896-5690
FOR IMMEDIATE RELEASE
THE BRODERICK COMMITTEE RESPONDS TO
MANAGEMENT'S ALLEGATIONS IN INTERIORS ELECTION CONTEST
BELTSVILLE, MD December 13, 2000 - The Broderick Committee today responded to
certain misleading statements made by management of Interiors, Inc. (OTC BB:
INTXA) ("Interiors") in its recent mailings to stockholders in connection with
Interiors' Annual Meeting of Stockholders scheduled for December 15, 2000.
In its mailings, management alleged that the members of The Broderick Committee
had no monetary investment in their shares of stock because they were acquired
only in a merger transaction. Management failed to point out that the members of
The Broderick Committee gave up a valuable ownership interest in the stock of
Model Home Interiors in exchange for Interiors stock that has decreased steadily
since the transaction. The Broderick Committee contrasted its members'
investment in Interiors stock to the lack of investment by Max Munn, Interiors'
Chairman of the Board and President and Chief Executive Officer, who owns no
shares of Interiors stock and disclaims beneficial ownership of any stock owned
by his wife, according to Interiors proxy materials.
Management also gave stockholders the incorrect impression that The Broderick
Committee may consider a "fire sale" of Interiors or its profitable business
units. Carl McWilliams, a member of The Broderick Committee, said, "The
individuals that we have nominated are excited about the opportunity to play a
role in the future growth of the company. As stockholders of Interiors, we are
eager to take the steps that we believe are necessary to improve stockholder
value, primarily by having our experienced nominees execute a business plan
that, in our opinion, current directors Max Munn, Roger Lourie and Richard
Josephberg have failed to implement successfully. The company's current stock
price of $0.13 reflects this failure in our judgment."
Mr. McWilliams added, "The upcoming election of directors is very important to
the stockholders of Interiors, and we are very pleased with the support that we
have received from other Interiors stockholders. We strongly urge all
stockholders to follow our recommendation and to sign, date and return their
GOLD proxy cards with a vote FOR our nominees."
The Broderick Committee reminds the stockholders of Interiors to consider the
assertions made by management in light of the historical information on the
company that The Broderick Committee has provided stockholders and Interiors'
recent operational history as a whole.
The Broderick Committee previously reported that Institutional Shareholder
Services recommended that the stockholders of Interiors vote FOR The Broderick
Committee's nominees to Interiors' Board of Directors.
Shareholders who have questions or need assistance in voting their GOLD proxy
card should call Corporate Investor Communications at its toll free number (866)
875-6642.
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