IP: AT&T Sets Special Shareowners Meeting for 3/14/00

[Dave Farber <farber () cis upenn edu>]

> From: "Coates, Kelley D, PR" <kcoates () att com>
> To: farber () cis upenn edu
> Subject: AT&T Sets Special Shareowners Meeting for 3/14/00
> Date: Wed, 19 Jan 2000 13:53:27 -0500
> X-Mailer: Internet Mail Service (5.5.2448.0)
>
> January 19, 2000
>
> David Farber
> University of Pennsylvania
>
> Dear David,
>
> Today AT&T announced that its Board of Directors had set March 14, 2000 for
> a special meeting of AT&T common group shareowners.  At the meeting, AT&T
> shareowners will vote on amendments to AT&T's charter to create the AT&T
> Wireless Group tracking stock and to approve an amendment to the 1997 Long
> Term Incentive plan.
>
> The press release is copied below.
>
> If you have any questions about this news, please call me.
>
> Best regards,
> Kelley Coates
> AT&T Industry Analyst Relations
> 908-221-8789  phone
> 908-630-1642  fax
> 888-602-4266  pager
> kcoates () att com
> *********************
>
> FOR IMMEDIATE RELEASE:  WEDNESDAY, JANUARY 19, 2000
>
> AT&T Sets Special Shareowners Meeting For March 14, 2000
>
> NEW YORK  --  AT&T today announced that its Board of Directors had set March
> 14, 2000 for a special meeting of AT&T common group shareowners.  At the
> meeting, AT&T shareowners will vote on amendments to AT&T's charter to
> create the AT&T Wireless Group tracking stock and to approve an amendment to
> the 1997 Long Term Incentive plan.  A majority of AT&T's outstanding common
> shares is required for approval of the tracking stock proposal.
>
> The special meeting will be held at the Hilton Parsippany, Route 10 West,
> Parsippany, New Jersey.
>
> AT&T common stock shareowners of record on January 26, 2000, including
> holders of Liberty Media tracking stock, will be eligible to vote at the
> special meeting.  Following clearance from the Securities and Exchange
> Commission (SEC), the company expects to begin mailing its proxy statement
> and voting materials to approximately 4.2 million shareowners in early
> February.  The company filed a preliminary proxy statement with the SEC on
> January 7, 2000.
>
> AT&T intends to conduct an initial public offering of AT&T Wireless Group
> tracking shares in the spring following the shareholder vote.  AT&T
> anticipates that a full distribution of the remaining shares in the AT&T
> Wireless Group tracking stock will be made to shareowners of AT&T common
> stock sometime thereafter.  Only holders of AT&T common stock, not holders
> of Liberty Media tracking stock, will be eligible for the full distribution.
>
>
> ####