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August 16, 2013
17:21 EDTDELLSoutheastern lowers Dell stake to 3.9% from 4%
Southeastern added the following statement to the filing: "Carl C. Icahn and his affiliates and Southeastern Asset Management... announced that they have filed a preliminary proxy statement with the U.S. Securities and Exchange Commission regarding the election of directors to the Dell Board of Directors in connection with the 2013 Annual Meeting of Stockholders. Icahn and Southeastern will seek to elect their nominees to the Dell board if the proposed Michael Dell/Silver Lake freeze−out transaction is voted down by the company’s stockholders. As detailed in the preliminary proxy statement, Icahn and Southeastern are seeking to change the Dell board because they believe that the Dell board must be completely reconstituted to ensure that the interests of the stockholders, the true owners of Dell, are appropriately represented in the Dell boardroom. Icahn and Southeastern have nominated directors who have strong, relevant backgrounds and who are committed to fully exploring all opportunities to unlock stockholder value."
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