View:
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
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
[ ] Definitive Proxy Statement Commission Only (as Permitted
[ X ] Definitive Additional Materials by Rule 14a-6(e)(2))
[ ] Soliciting Material Pursuant to
240.14a-11(c) or 240.14a-12
- -------------------------------------------------------------------------------
Echlin Inc.
(Name of Registrant as Specified In Its Charter)
- -------------------------------------------------------------------------------
SPX Corporation
(Name of Person(s) Filing Proxy Statement, if other than 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) 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 transaction computed
pursuant to Exchange Act Rule 0-11:
---------------------------------------------------------------
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 was paid previously. Identify the previous filing
by registration statement number, or the Form of Schedule and
the date of its filing:
1) Amount Previously Paid:
---------------------------------------------------------------
2) Form, Schedule or Registration Statement No.:
---------------------------------------------------------------
3) Filing Party:
---------------------------------------------------------------
4) Date Filed:
---------------------------------------------------------------
Contacts:
Charles A. Bowman
SPX Director of Corporate Finance
(616) 724-5194
George Sard/Anna Cordasco/Paul Caminiti
Sard Verbinnen & Co
(212) 687-8080
COURT SETS MAY 7 HEARING ON SPX/ECHLIN LITIGATION
MUSKEGON, MICHIGAN, APRIL 17, 1998 - SPX Corporation (NYSE: SPW) today
announced that the U.S. District Court for the District of Connecticut has
scheduled a hearing for May 7, 1998 at 9:30 a.m. to consider preliminary
injunction motions pending between SPX and Echlin Inc. (NYSE: ECH) regarding
a special shareholder meeting that has been demanded by the owners of more
than 50% of Echlin's outstanding shares. The Court's Scheduling Order
provides: "In order that SPX not be prejudiced by the establishment of this
schedule, should SPX prevail on its preliminary injunction application and
the Court order Echlin to call and hold a special meeting, the special
meeting shall be held no later than June 23, 1998 (90 days from March 25,
1998)."
"We are pleased that the Court has indicated that it will act swiftly
on this matter and we are confident in our legal position," said John B.
Blystone, Chairman, President and CEO of SPX. "SPX remains committed to
taking all necessary action to ensure that Echlin shareholders are given
the opportunity to decide for themselves who they want to run their
company."
Owners of approximately 31.8 million Echlin shares, representing more
than 50% of Echlin's outstanding shares, have demanded a special
shareholder meeting. Under Connecticut law and Echlin's own by-laws, Echlin
must hold a special meeting within 90 days of receiving demands by holders
of 35% of its outstanding shares.
SPX Corporation is a global provider of Vehicle Service Solutions to
franchised dealers and independent service locations, Service Support to
Vehicle Manufacturers, and Vehicle Components to the worldwide motor
vehicle industry. SPX's Internet address is www.spx.com.