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DEI Holdings Announces Special Meeting of Shareholders
Jun 10, 2011 (05:06 PM EDT)
VISTA, Calif., June 10, 2011 /PRNewswire/ -- DEI Holdings, Inc. (PinkSheets: DEIX) today announced that it has scheduled a special meeting of shareholders for Monday, June 20, 2011 to vote on a proposal to adopt the previously announced merger agreement that provides for the company to be acquired by funds affiliated with Charlesbank Capital Partners in an all-cash transaction. Holders of record of shares of DEI Holdings common stock at of the close of business on June 6, 2011 will be entitled to vote at the special meeting. The special meeting will be held beginning at 10:00 a.m., Pacific Time, at the company's corporate headquarters at 1 Viper Way in Vista, California.
In connection with the special meeting, DEI Holdings has mailed to its shareholders the following information: a letter to shareholders, a notice regarding the special meeting, and a proxy statement. These documents are also available in the investor relations section on the company's website at www.deiholdings.com.
About DEI Holdings, Inc.
Headquartered in Southern California, DEI Holdings, Inc. is the parent company of some of the most respected brands in the consumer electronics industry. DEI Holdings is the largest designer and marketer in North America of premium home theater loudspeakers (sold under the Polk Audio® and Definitive Technology® brand names), and consumer-branded vehicle security and remote start systems (sold under Viper®, Clifford®, Python®, Autostart® and other brand names). DEI Holdings is also a supplier of mobile audio sold principally under the Polk Audio® and Orion® brand names. DEI Holdings markets its broad portfolio of products through many channels including leading national retailers and specialty chains throughout North America and around the world. Founded in 1982, the company has operations in California, Maryland, Canada, Europe and Asia. For more information on the company, visit www.deiholdings.com.
Additional Information and Where to Find It
This communication may be deemed to be solicitation material in respect of the proposed acquisition of DEI Holdings, Inc. by Charlesbank Capital Partners. In connection with the proposed transaction, DEI Holdings, Inc. mailed a proxy statement to its shareholders. SHAREHOLDERS OF DEI HOLDINGS, INC. ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY ALL RELEVANT MATERIALS THAT HAVE BEEN SENT TO THEM, INCLUDING THE PROXY STATEMENT, BECAUSE THESE MATERIALS CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. The proxy statement and other relevant materials may also be obtained for free from DEI Holdings, Inc. by directing such request to DEI Holdings, Inc., One Viper Way, Vista, CA 92081; or calling (800) 876-0800. The contents of the websites referenced above are not deemed to be incorporated by reference into the proxy statement.
Participants in Solicitation
DEI Holdings, Inc. and its directors, executive officers, and other members of its management and employees may be deemed to be participants in the solicitation of proxies from its shareholders in connection with the proposed transaction.
Certain statements herein are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the company's current expectations or beliefs concerning future events and actual results of operations may differ materially from historical results or current expectations. Any such forward-looking statements are subject to various risks and uncertainties, including the parties' ability to consummate the proposed transaction on the contemplated timeline and other factors. The company does not undertake to publicly update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise.
SOURCE DEI Holdings, Inc.