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 x | ||
Filed by a Party other than the Registrant ¨ | ||
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¨ Preliminary Proxy Statement | ||
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¨ Definitive Proxy Statement | ||
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x Soliciting Material Pursuant to §240.14a-12 | ||
CIRCUIT CITY STORES, INC. (Name of Registrant as Specified In Its Charter) | ||
N/A (Name of Person(s) Filing Proxy Statement, if other than the Registrant) | ||
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February 28, 2008 |
VIA FEDERAL EXPRESS |
VIA FACSIMILE TO 212-451-2222 |
Mark J. Wattles |
Wattles Capital Management, LLC |
7945 W. Sahara Ave., Suite 205 |
Las Vegas, NV 89117 |
Re: Notice of Nomination of Individuals for Election as Directors at the |
2008 Annual Meeting of Shareholders of Circuit City Stores, Inc. |
Dear Mr. Wattles: |
We are in receipt of your letter dated February 25, 2008. As you know, we |
announced on October 15, 2007 that one of our directors intends not to stand for |
reelection to our Board of Directors. Our Board of Directors presently intends not to fill |
the vacancy created, and to amend our bylaws effective the date of the 2008 |
Annual Meeting of Shareholders, to provide that the number of directors shall be |
eleven (11) and not twelve (12). Accordingly, there would be four (4) directors |
rather than five (5) elected at the 2008 Annual Meeting of Shareholders. Please |
advise which of your five (5) nominees you would withdraw. |
As described in our proxy statement, our Nominating & Governance |
Committee considers director nominees recommended by our shareholders. In that |
connection, we would like to schedule meetings between each of your nominees |
and one or more representatives of our Nominating & Governance Committee in |
New York on any day between March 3, 2008 and March 12, 2008. Please advise |
whether your nominees are amenable to such meetings during that time frame. |
Sincerely, |
/s/ Reginald D. Hedgebeth |
Reginald D. Hedgebeth |