UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
SCHEDULE 14A
(RULE 14A-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES
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Unocal Corporation
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The following is an email communication distributed to Unocal employees on
May 26, 2005.
Internal Bulletin
To: Unocal Employees
From: John Wilkirson
May 26, 2005
A report on the SEC regulatory process for Chevron/Unocal merger
As we've previously reported to employees, one of the major milestones to
completing the Chevron merger involves filings with the Securities and Exchange
Commission (SEC). Chevron must file a registration statement to issue the shares
of its common stock that are part of the merger consideration. The registration
statement contains a proxy statement for the special meeting of Unocal
stockholders to vote on the merger.
Earlier today, Chevron filed its preliminary registration statement on SEC Form
S-4. It contains required information about the proposed merger and the merger
agreement and other information for Unocal stockholders in connection with their
voting decision and exchange of Unocal stock in the merger. To view this
document, click here: Chevron S-4 Filing.
As a result of SEC review, Chevron's registration statement may be amended one
or more times and these amendments would also be filed with the SEC. It is
difficult to predict at this stage how long the SEC review process may take.
After SEC review is completed, the final document will contain Chevron's
prospectus and Unocal's proxy statement. The final Chevron prospectus/Unocal
proxy statement would be printed and mailed to Unocal stockholders in advance of
the special stockholders meeting to vote on the merger. (The transaction does
not require the approval of Chevron stockholders.)
Assuming the satisfactory resolution of regulatory processes with the SEC and
the Federal Trade Commission, the approval of the merger by our stockholders and
the satisfaction of other customary closing conditions, we continue to
anticipate that the transaction will be completed at some point before the end
of this year.
ADDITIONAL INFORMATION FOR INVESTORS
Chevron has filed a preliminary Form S-4, Unocal will file a proxy statement and
both companies will file other relevant documents concerning the proposed merger
transaction with the Securities and Exchange Commission (SEC). INVESTORS ARE
URGED TO READ THE FINAL FORM S-4 AND PROXY STATEMENT WHEN THEY BECOME AVAILABLE
AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION. You will be able to obtain the documents free of charge
at the website maintained by the SEC at www.sec.gov. In addition, you may obtain
documents filed with the SEC by Chevron free of charge by contacting the Chevron
Comptroller's Department, 6001 Bollinger Canyon Road - A3201, San Ramon, CA
94583-2324. You may obtain documents filed with the SEC by Unocal free of charge
by contacting Unocal Stockholder Services at (800) 252-2233, 2141 Rosecrans
Avenue, Suite 4000, El Segundo, CA 90245.
Chevron, Unocal, and their respective directors and executive officers, may be
deemed to be participants in the solicitation of proxies from Unocal's
stockholders in connection with the merger. Information about the directors and
executive officers of Chevron and their ownership of Chevron stock is set forth
in the proxy statement for Chevron's 2005 Annual Meeting of Stockholders.
Information about the directors and executive officers of Unocal and their
ownership of Unocal stock is set forth in the proxy statement for Unocal's 2005
Annual Meeting of Stockholders. Investors may obtain additional information
regarding the interests of such participants by reading the final Form S-4 and
proxy statement for the merger when they become available.
Investors should read the final Form S-4 and proxy statement carefully when they
become available before making any voting or investment decisions.
NEWSLINE, produced for employees by PR & Communications, is archived at
http://my.unocal.com.
FORWARD-LOOKING STATEMENTS
The foregoing communication contains forward-looking statements about the
pending merger transaction between Chevron and Unocal, including statements
regarding the status of required regulatory approvals and expectations as to the
timing to complete the merger. Although these statements are based upon current
expectations and beliefs, they are subject to known and unknown risks and
uncertainties that could cause actual results and outcomes to differ materially
from those described in, or implied by, the forward-looking statements,
including the approval of the merger transaction by Unocal stockholders, receipt
of required regulatory approvals and clearances from the Federal Trade
Commission, the Securities and Exchange Commission and other regulatory bodies,
the satisfaction of other closing conditions contained in the merger agreement,
and other factors discussed in Unocal's 2004 Annual Report on Form 10-K and
subsequent reports filed or furnished by Unocal with the SEC.
Unocal undertakes no obligation to update the forward-looking statements herein
to reflect future events or circumstances. All such statements are expressly
qualified by this cautionary statement, which is provided pursuant to the safe
harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934.