13.05.2008 12:28:00
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SM&A Board Receives Letter of 'Unqualified Support' for Current Directors and CEO from Significant Field Leadership Group
SM&A (NASDAQ:WINS) Chairman Dwight L. Hanger announced today that the
company’s Board has received the following
letter from SM&A’s most senior proposal
managers expressing "unqualified support”
for the company’s current directors and its
leadership team headed by Cathy McCarthy, President and Chief Executive
Officer.(a) The employees note in the letter
that they sent it without solicitation and that they "are
significant shareholders, as well as the holders of SM&A’s
tradition of excellence.” "We are gratified that our key leaders took
it upon themselves to send such a wonderfully supportive letter,”
Mr. Hanger said. "This shows they understand
that the company is finally on the right track.”
To:
SM&A Board of Directors
c/o Dwight Hanger:
Dwight.Hanger@smawins.com
We the undersigned SM&A proposal managers wish to express our
unqualified support for Mrs. Cathy McCarthy, her corporate
leadership team and current board of directors. Together we agree
that any further change of management at this time could damage the
viability of our company and its stock price. This management team
took control less than a year ago and to replace them would disrupt
operations by continuing senior management changes we have been
experiencing over the past 18 months.
We feel Mrs. McCarthy, her team, and this board developed a
comprehensive strategic plan and are most qualified to guide us
along its path toward financial growth, providing long-term benefit
to all shareholders. Through directing the development and
implementation of this plan, Mrs. McCarthy has demonstrated that she
understands what it takes to make SM&A grow while increasing
long-term shareholder value.
We represent the heritage that this company's reputation was built
upon and have worked with both the past and present SM&A leadership.
We are significant shareholders, as well as the holders of SM&A's
tradition of excellence.
Please note, this letter is offered by SM&A's largest revenue
generators, our most senior and tenured proposal managers. It is
forwarded without solicitation from, or knowledge of Cathy McCarthy,
her leadership team or any of the SM&A Board of Directors.
Respectfully signed:
1. Richard Agopsowicz
2. Mike Bibby
3. Pat Cosimano
4. George Coutoumanos
5. Rick Darco
6. Erich Feigel
7. David Folts
8. Bob Gurin
9. Holly Hope
10. Pete Hunter
11. Herb Iburg
12. Bob Ingersoll
13. Lee Manthei
14. Charles Meyers
15. Alan Moffatt
16. (b) Carl Molitor
17. Marty Noel
18. Phyllis Paris
19. Margie Power
20. Johanna Purvis
21. Thomas Roomsburg
22. John Skiffington
23. Laurence Van Dolsen
(b) Not a shareholder
Acting on behalf of the above signatories.
George Coutoumanos
george.coutoumanos@smawins.com
SM&A Senior Vice President
(a) Permission to quote and reprint this
letter was neither sought nor obtained.
We urge you to Vote your White Proxy Card today to re-elect your current Board and empower them to continue to guide SM&A to future success.
The Stockholder meeting will be on Friday, May 23, 2008 with
stockholders of record as of April 9, 2008 eligible to vote.
If you have any questions or need assistance in voting, contact
MacKenzie Partners, Inc.
Toll-Free: (800) 322-2885
winsproxy@mackenziepartners.com
Please discard and do not sign any Gold proxy cards sent to you by
Myers.
About SM&A
SM&A is the world's foremost management consulting firm providing
leadership and mentoring solutions to PLAN for business capture, WIN
competitive procurements and profitably PERFORM on the projects and
programs won. Our proven processes, people and tools have delivered
significant top-line and bottom-line growth across markets, products and
services. From the largest aerospace and defense contractors, through
the major software providers, to healthcare and financial/audit service
providers, SM&A is the partner many companies turn to WHEN THEY MUST WIN.
All stockholders of SM&A are advised to read the definitive proxy
statement and other documents related to the solicitation of proxies by
SM&A for use at the 2008 annual meeting of stockholders of SM&A. They
contain important information regarding the election of directors and
other matters. The definitive proxy statement and form of proxy have
been mailed to stockholders of record of SM&A along with other relevant
documents. They are available at no charge on the SEC’s
website at http://www.sec.gov In
addition, SM&A will provide copies of the definitive proxy statement
without charge upon request.
Some statements made in this news release refer to future actions,
strategies, or results that involve a number of risks and uncertainties.
Any number of factors could cause actual results to differ materially
from expectations, including a shift in demand for SM&A's Competition
Management and Program services; fluctuations in the size, timing, and
duration of client engagements; delays, cancellations, or shifts in
emphasis for competitive procurement activities; declines in future
defense, information technology, homeland security, new systems, and
research and development expenditures, and other risk factors listed in
SM&A's SEC reports, including the report on Form 10-K for the year ended
December 31, 2007. Actual results may differ materially from those
expressed or implied. The company does not undertake any duty to update
forward-looking statements.
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