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 (Amendment No.     )

 

Filed by the Registrant   x

 

Filed by a Party other than the Registrant    o

 

Check the appropriate box:

o

Preliminary Proxy Statement

o

Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

o

Definitive Proxy Statement

x

Definitive Additional Materials

o

Soliciting Material Pursuant to §240.14a-12

 

EFJ, Inc.

(Name of Registrant as Specified In Its Charter)

 

 

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

 

Payment of Filing Fee (Check the appropriate box):

x

No fee required.

o

Fee computed on table below per Exchange Act Rules 14a-6(i)(1) 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 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):

 

 

 

 

(4)

Proposed maximum aggregate value of transaction:

 

 

 

 

(5)

Total fee paid:

 

 

 

o

Fee paid previously with preliminary materials.

o

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.

 

(1)

Amount Previously Paid:

 

 

 

 

(2)

Form, Schedule or Registration Statement No.:

 

 

 

 

(3)

Filing Party:

 

 

 

 

(4)

Date Filed:

 

 

 

 



 

 

May 12, 2008

 

In connection with the upcoming annual meeting of stockholders, and as set forth in the definitive proxy statement filed on Schedule 14A filed with the SEC on April 22, 2008, the Company is asking stockholders to consider, among other proposals, a proposal to amend the Company’s 2005 Omnibus Incentive Compensation Plan (the “Plan”) to increase the authorized shares available for issuance.  Following discussions with Institutional Shareholder Services, the Board of Directors has decided that it would be in the best interests of the Company and stockholders to amend certain language of the Plan to prohibit the re-pricing of previously issued stock options.  Accordingly, and pursuant to the provisions of the Plan, the Board has amended the Plan by deleting the language contained in Section 6(b)(v) in its entirety and replacing that language with the following:

 

“(v)  No “Re-Pricing” Without Stockholder Approval .  Except as provided in Section 4, in no event may the Committee directly or indirectly reduce the exercise price of an Award after it has been granted without the approval of a majority of the stockholders eligible to vote.”

 

A copy of the Company’s 2005 Omnibus Incentive Compensation Plan, as currently in effect, can be found by reference to Appendix A to our definitive proxy statement.

 


Efj (NASDAQ:EFJI)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Efj Charts.
Efj (NASDAQ:EFJI)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Efj Charts.