defa14a
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
EXCHANGE ACT OF 1934
Filed by the Registrant þ
Filed by a Party other than the Registrant o
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Preliminary Proxy Statement |
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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Definitive Proxy Statement |
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Definitive Additional Materials |
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Soliciting Material Pursuant to §240.14a-12 |
McAFEE, INC.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
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No fee required. |
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Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. |
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Fee paid previously with preliminary materials. |
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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. |
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Form, Schedule or Registration Statement No.: |
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Note from Dave
August 19, 2010
Employee FAQ For Use By McAfee Leadership Team
Will McAfees headquarters remain in operation?
Yes, McAfees headquarters will remain in operation as planned. McAfee had previously announced
new headquarter location which is 1/2 mile away from current location in the same city (Santa Clara,
CA). Move is planned for October 1, 2010. This plan remains as previously announced.
What role will McAfees senior executives take in the new company?
McAfee will be a wholly owned subsidiary of Intel Corporation and it will continue to do business
as usual. McAfees senior management will remain in their roles.
Who will run the McAfee business going forward?
Dave DeWalt will remain the president of the wholly owned subsidiary.
What will happen to the McAfee corporate brand?
McAfee has a very strong and valued corporate brand and we do not expect there to be any changes.
How will the acquisition change the way McAfee will go to market?
It will not change our go to market strategy.
How does this transaction affect the strategic landscape of the security business?
Intel Corporation acquired us as a leading security provider and values our core missions in
providing endpoint, network and cloud based security solutions. We have long believed that the
future of security is proliferated from silicon to satellite technologies and we expect to continue
to be a valued partner to our customers and a leader in the security space.
What will happen to McAfee option restricted stock and other equity compensation?
Subject to certain exceptions, each share of McAfee common stock subject to restricted stock
awards, vested restricted stock unit awards and vested performance stock unit awards will be
converted into the right to receive $48.
Subject to certain exceptions, options to acquire McAfee common stock, unvested restricted stock
units and unvested performance units outstanding immediately prior to the consummation of the
merger will be converted into options, restricted stock units and performance units, as applicable,
denominated in shares of Intel common stock based on formulas set forth in the merger agreement
with terms and conditions that are otherwise the same as those existing immediately prior to the
consummation of the merger.
How will McAfee be integrated into Intel Corporation and what is the timeline?
McAfee will be run as a wholly owned subsidiary. The organizational structure will by and large
remain unchanged. This transaction is expected to close in a few quarters. Post close, McAfee will
operate as a wholly owned subsidiary.
Can you speak to the intended synergies of the transaction? What is the timeframe for achieving
synergies?
From a traditional expense standpoint we do not see any operating expense synergies. It is too
early to quantify revenue synergies although based on the growth of IP devices, we believe there
are many opportunities. McAfee will operate as a stand-alone, wholly owned subsidiary of Intel
Corporation. During and post close, McAfee will continue and even strengthen its security focus.
As usual, its headcount will be determined by the annual operating plan and quarterly business
performance.
If the companies have overlapping offices, will there be consolidation?
It is too early to comment.
Can you talk about changes to McAfee headcount as a result of this transaction?
McAfee will operate as a stand-alone, wholly owned subsidiary of Intel Corporation. During and
post close, McAfee will continue and even strengthen its security focus. McAfee headcount will
continue to be determined by the annual operating plan and quarterly business performance.
What business units have significant overlap with Intel Corporation?
There is virtually no overlap between Intel Corporation and McAfees business units.
How does this acquisition affect plans for 401(k) and merit increases?
Our commitment to merit increases effective October 1 remains on track and we are optimistic we
will be able to make a 401(k) match before the end of the year.
Additional Information and Where to Find It
McAfee, Inc. (McAfee) plans to file with the Securities and Exchange Commission (the SEC) and
furnish to its stockholders a proxy statement in connection with the proposed merger with Jefferson
Acquisition Corporation, pursuant to which McAfee would be acquired by Intel Corporation (the
Merger). The proxy statement will contain important information about the proposed Merger and
related matters. INVESTORS AND STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT CAREFULLY WHEN
IT BECOMES AVAILABLE. Investors and stockholders will be able to obtain free copies of the proxy
statement and other documents filed with the SEC by McAfee through the web site maintained by the
SEC at www.sec.gov, and from McAfee by contacting Investor Relations by mail at McAfee,
Inc., 3965 Freedom Circle, Santa Clara, California 95054, Attention: Investor Relations, by
telephone at (408) 246-5223, or by going to McAfees Investor Relations web site at
investor.mcafee.com (click on SEC Filings).
McAfee and its directors and executive officers may be deemed to be participants in the
solicitation of proxies from the stockholders of McAfee in connection with the proposed Merger.
Information regarding the interests of these directors and executive officers in the transaction
described herein will be included in the proxy statement described above. Additional information
regarding these directors and executive officers is also included in McAfees proxy statement for
its 2010 Annual Meeting of Stockholders, which was filed with the SEC on May 10, 2010. This
document is available free of charge at the SECs web site at www.sec.gov, and from McAfee
by contacting Investor Relations by mail at McAfee, Inc., 3965 Freedom Circle, Santa Clara,
California 95054, Attention: Investor Relations, by telephone at (408) 246-5223, or by going to
McAfees Investor Relations web site at investor.mcafee.com (click on SEC Filings).
Note on Forward-Looking Statements
The subject document contains certain forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including but
not limited to, statements regarding the expected benefits and costs of the transaction, the plans,
strategies and objectives of management for future operations, and the expected closing of the
proposed Merger. These forward-looking statements involve certain risks and uncertainties that
could cause actual results to differ materially from those indicated in such forward-looking
statements, including, but not limited
to, the ability of the parties to consummate the proposed
Merger, satisfaction of closing conditions precedent to the consummation of the proposed Merger,
including obtaining antitrust approvals in the U.S., Europe and other jurisdictions, the ability of
Intel to successfully integrate McAfees operations and employees, the ability to realize
anticipated benefits of the proposed Merger, and such other risks as identified in McAfees Annual
Report on Form 10-K for the fiscal year ended December 31, 2009, and McAfees most recent Quarterly
Report on Form 10-Q, each as filed with the SEC, which contain and identify important factors that
could cause the actual results to differ materially from those contained in the forward-looking
statements. McAfee assumes no obligation to update any forward-looking statement contained in the
subject document.
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