Duckwall Alco Stores Inc - Additional Proxy Soliciting Materials - Non-Management (definitive) (DFAN14A)
February 14 2008 - 12:57PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
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:
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Preliminary Proxy Statement
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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x
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Soliciting Material Pursuant to §240.14a-12
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Duckwall-ALCO Stores, Inc.
(Name of Registrant as Specified In Its
Charter)
Strongbow Capital, Ltd.
Strongbow Capital Management, Ltd.
Raymond A.D. French
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
¨
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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(1)
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Title of each class of securities to which transaction applies:
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(2)
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Aggregate number of securities to which transaction applies:
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(3)
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was
determined):
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(4)
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Proposed maximum aggregate value of transaction:
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Fee paid previously with preliminary materials.
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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 fee was paid previously. Identify the
previous filing by registration statement number, or the Form or Schedule and the date of its filing.
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(1)
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Amount Previously Paid:
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(2)
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Form, Schedule or Registration Statement No.:
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Persons who are to respond to the collection of information contained in this
form are not required to respond unless the form displays a currently valid OMB control number.
On February 14, 2008 Strongbow Capital, Ltd., Strongbow Capital Management, Ltd. and Raymond A.D. French filed a
Schedule 13D (
Schedule 13D
) that included Item 4 stating the following:
Item 4 is hereby amended by adding the following:
The Filing Parties have concluded that the present chairman of the board of directors of the Company (
Board
) is not providing adequate
support for the measures that are needed to enable shareholders to achieve a reasonable return on their investment. Therefore, the Filing Parties believe that the Board should appoint another director to replace Mr. Gfeller as chairman of the
Board.
STRONGBOW CAPITAL, LTD., STRONGBOW CAPITAL MANAGEMENT, LTD. AND RAYMOND A.D. FRENCH (THE PARTICIPANTS) INTEND TO NOMINATE A SLATE OF
DIRECTORS FOR ELECTION TO THE BOARD OF DUCKWALL-ALCO STORES, INC. (THE COMPANY) AND INTEND TO MAKE OTHER PROPOSALS AT THE COMPANYS 2008 ANNUAL MEETING AND INTEND TO FILE A PROXY STATEMENT WITH THE SECURITIES AND EXCHANGE COMMISSION
(THE SEC) RELATING TO THE SOLICITATION OF PROXIES FROM THE STOCKHOLDERS OF THE COMPANY IN CONNECTION WITH SUCH NOMINATIONS AND PROPOSALS. SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE
SOLICITATION OF PROXIES BY THE PARTICIPANTS FROM THE STOCKHOLDERS OF THE COMPANY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO THE PARTICIPANTS IN THIS PROXY SOLICITATION. WHEN
COMPLETED, A DEFINITIVE PROXY STATEMENT AND A FORM OF PROXY WILL BE MAILED TO STOCKHOLDERS OF THE COMPANY AND WILL BE AVAILABLE AT NO CHARGE AT THE SECS WEBSITE AT HTTP://WWW.SEC.GOV. INFORMATION RELATING TO THE PARTICIPANTS IN THIS PROXY
SOLICITATION IS CONTAINED IN EXHIBIT 1 HERETO.
Exhibit 1
Participants
The participants in the solicitation of proxies (the
Participants
) are the
following: Strongbow Capital, Ltd. (
Strongbow
), Strongbow Capital Management, Ltd. (
SCM
) and Raymond A.D. French (
Mr. French
).
Strongbow is a limited liability company organized under the laws of the Cayman Islands, British West Indies. Strongbow is an investor in equity securities. Strongbow is managed by its Board of Directors, which is
composed of Mr. French and Raymond J.R. French.
SCM is a limited liability company organized under the laws of the Cayman Islands, British West
Indies. SCM acts as an investment manager to Strongbow. SCM is the sole owner of the voting shares and the controlling entity of Strongbow.
Mr. French is a citizen of the Republic of Ireland. Mr. French is Chairman of SCM, Managing Director of SCM and the controlling person of SCM and has full discretion and authority to make all investment and voting decisions for
Strongbow and SCM.
Strongbow directly and beneficially owns 543,517 shares of common stock (
Strongbow Shares
) in Duckwall-ALCO Stores,
Inc. (the
Company
), which represents approximately 14.3% of the outstanding shares of the Companys common stock, based on the Form 10-Q filed by Duckwall on December 6, 2007. By virtue of their relationships to
Strongbow, SCM and Mr. French have shared power to vote and to dispose or to direct the disposition of the Strongbow Shares and beneficially own the Strongbow Shares.
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