SCHEDULE 14A
(RULE 14A-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
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:
|_| Preliminary Proxy Statement |_| Confidential, for Use of the
Commission Only (as permitted by
Rule 14a-6(e)(2))
|_| Definitive Proxy Statement
|X| Definitive Additional Materials
|_| Soliciting Material Pursuant to Rule 14a-12
POST PROPERTIES, INC.
(Name Of Registrant As Specified In Its Charter)
JOHN A. WILLIAMS
ROY E. BARNES
FRANCIS L. BRYANT, JR.
PAUL J. DOLINOY
THOMAS J.A. LAVIN
GEORGE R. PUSKAR
EDWARD LOWENTHAL
CRAIG G. VOUGHT
(Name Of Person(s) Filing Proxy Statement, If Other Than The Registrant)
Payment of Filing Fee (Check the appropriate box):
|X| No fee required.
|_| 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):
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|_| Fee paid previously with preliminary materials.
|_| 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:
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(4) Date Filed:
[The pages that follow are updates to a presentation filed by
John A. Williams on April 23, 2003]
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ACTION PLAN
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2. REPLACE SENIOR MANAGEMENT
o CHAIRMAN: GEORGE PUSKAR VS. ROBERT GODDARD
o CEO: EDWARD LOWENTHAL VS. DAVID STOCKART
Our Team Their Team*
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Puskar Lowenthal Total Goddard Stockert Total
------------------------- ---------------------------
Years of Real Estate Exp. 36 20 56 15 8 23
Years of Multifamily Exp. 36 16 52 0 2 2
Years of Public
CEO/Pres. Exp. 0 11 11 0 2 2
Other Public Company
Directorships 4 5 9 0 0 0
o REVIEW OF SENIOR OFFICERS
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WHICH TEAM IS BETTER EQUIPPED?
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*Information derived from Post Properties' 2003 Proxy Statement.
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ACTION PLAN
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3. Establish Shareholder-friendly governance
o Eliminate staggered board
o Create a Special Committee of independant directors to objectively
evaluate all strategic alternatives -----------
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o Require shareholder approval for grant of Options and restricted
stock to CEO and any other directors
o Prohibit the board from adopting a shareholder rights plan (poison
pill) without receiving shareholder approval
o Prohibit the board from opting into Georgia's anti-takeover statutes
without prior shareholder approval
o Modify the Company's certificate of incorporation to allow investors
who meet certain criteria designed to preserve the Company's REIT
status to accumulate larger stakes in post
4. Explore all alternatives to enhance shareholder value
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