|
|
|
|
Document Preview Letter of Transmittal |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Letter of Transmittal |
|||
|
Entities: |
||||
|
Date: |
2001 |
|||
|
Size: |
Preview shows 3KB of 18KB total |
|||
|
Price: |
$39 |
|||
|
ID: |
#1352950 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
SAMPLE LETTER ACCOMPANYING TRANSMITTAL LETTER
Dear Optionholder:
The Board of Directors of Lund International Holdings, Inc. (the "Company") has
determined that officers and employees of the Company currently holding stock
options at prices in excess of $4.00 may, at their discretion, choose to cancel
all or part of these stock option grants. A summary of your stock option grants,
which you may choose to cancel in whole or in part, if at all, is part of the
Letter of Transmittal attached for your review and completion. On the Letter of
Transmittal are blanks you must complete and sign, whether or not you choose to
cancel any stock options. Please carefully review the Offer to Cancel and the
Letter of Transmittal (including the documents incorporated by reference),
consult with your personal advisor, fill in the chart attached as Exhibit A,
sign it and return it to Tim Yungers at 911 Lund Boulevard, Anoka, Minnesota,
55303 by June 12, 2001 5:00 p.m. Central Daylight Time even if you decide not to
cancel any stock options.
The Board has recognized that stock options, granted at prices considerably
above the recent stock market price for the Company's common stock, provide
limited opportunity for incentives under the Company's stock option plan.
Notwithstanding this offer to you to cancel your stock options, the Board
remains committed to the Company's past practice of regularly providing
incentive opportunity to officers and key employees through the grant of stock
options. This is consistent with the Company's compensation philosophy of
providing competitive base salaries, benefit plans, annual Results Sharing Plans
and stock option grants.
The Compensation Committee and the Board, at their discretion, may consider
granting new stock options no sooner than two hundred (200) days after June 12,
2001 (or such later date if extended). Any potential grant of stock options at
such time will be based upon your personal performance and in accordance with
the terms of the Company's Incentive Stock Option Plans. Please call Timothy
Yungers at (763) 576-4205 or Carole Grossman at (763) 576-4292 if you have any
questions.
Sincerely,
/s/ Dennis W. Vollmershausen
Dennis W. Vollmershausen
President and CEO
<PAGE>
LETTER OF TRANSMITTAL
TO TENDER OPTIONS TO PURCHASE SHARES OF COMMON STOCK
HAVING AN EXERCISE PRICE OF $4.00 OR MORE
OF
LUND INTERNATIONAL HOLDINGS, INC.
PURSUANT TO THE OFFER TO CANCEL
DATED MAY 4, 2001
---------------------------------------------------------------------
THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., CENTRAL
DAYLIGHT TIME, ON JUNE 12, 2001, UNLESS THE OFFER IS EXTENDED.
---------------------------------------------------------------------
REFER TO EXHIBIT A HERETO FOR A SUMMARY CHART OF YOUR EXISTING OPTIONS. YOU MUST
USE SUCH CHART TO INDICATE WHICH, IF ANY, OPTIONS YOU ARE TENDERING TO LUND TO
|
End of Preview |
Home Intelligence Services Subscriptions News About Us