DALLAS, March 9 /PRNewswire/ -- Global Industrial Technologies, Inc.
(NYSE: GIX), a Dallas based manufacturing company, today announced that its
Board of Directors has scheduled Global's 1999 annual meeting of stockholders
to be held on May 28, 1999. Global's stockholders of record as of April 8,
1999, will be entitled to vote at the 1999 annual meeting.
In order to be considered for inclusion in Global's proxy statement and
form of proxy for the 1999 annual meeting of stockholders, any proposal by a
stockholder submitted pursuant to Rule 14a-8 of the federal proxy rules must
be received by Global at its principal office at 2121 San Jacinto Street,
Suite 2500, Dallas, Texas 75201, Attn: Jeanette H. Quay, Vice President,
General Counsel & Secretary, on or before March 26, 1999. In addition,
pursuant to Global's certificate of incorporation and by-laws, any proposal
for consideration at the 1999 annual meeting submitted by a stockholder
outside the processes of Rule 14a-8 will be considered untimely unless it is
received by Global at the above address on or before April 8, 1999, and is
otherwise in compliance with the requirements set forth in Global's
certificate of incorporation and by-laws.
Global is a major manufacturer of technologically advanced industrial
products that support high-growth markets around the world. Products include
forged flanges; undercarriage parts for track-mounted vehicles; modular cells
for refining nonferrous metals; premium refractories for lining heat-
containing industrial vessels such as steel furnaces; raw materials used to
make refractory products; processing and recycling equipment.
Certain Information Concerning Participants:
Global Industrial Technologies, Inc. (the "Company") and certain other
persons named below may be deemed to be participants in the solicitations of
proxies against the proposals of WHX Corporation. The participants in this
solicitation may include (i) the directors of the Company: David H. Blake,
Richard W. Vieser, Samuel B. Casey, Jr., Rawles Fulgham and Graham L. Adelman
and (ii) the following executive officers and employees of the Company:
Rawles Fulgham (Chairman and Chief Executive Officer), Graham L. Adelman
(President and Chief Operating Officer), Alfred L. Williams (Senior Vice
President and Chief Financial Officer), Donna Reeves (Vice President and
Controller), Jeanette H. Quay (Vice President, General Counsel and Secretary),
James Alleman (Vice President-Human Resources), and George Pasley (Vice
President-Communications). As of the date of this communication, none of the
foregoing individually beneficially own in excess of .1% of the Company's
common stock or in the aggregate in excess of 2% of the Company's common
stock.
SOURCE Global Industrial Technologies, Inc.
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http://www.prnewswire.com/comp/422169.html or fax,
800-758-5804, ext. 422169
CONTACT:
George Pasley, V.P. Communications of Global
Industrial Technologies, Inc., 214-953-4510
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