SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES
EXCHANGE ACT OF 1934 (AMENDMENT NO. )
Filed by the Registrant [X]
Filed by a Party other than the Registrant [ ]
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 Section 240.14a-12
NYMEX HOLDINGS, INC.
--------------------------------------------------------------------------------
(Name of Registrant as Specified In Its Charter)
--------------------------------------------------------------------------------
(Name of Person(s) Filing Proxy Statement, if other than 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):
------------------------------------------------------------------------
(4) Proposed maximum aggregate value of transaction:
------------------------------------------------------------------------
(5) Total fee paid:
------------------------------------------------------------------------
[ ] 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:
------------------------------------------------------------------------
(2) Form, Schedule or Registration Statement No.:
------------------------------------------------------------------------
(3) Filing Party:
------------------------------------------------------------------------
(4) Date Filed:
------------------------------------------------------------------------
Dear NYMEX equity holder,
My name is Michael Cardelfe and I am running for the trade position for the
NYMEX board of directors. I am writing for your support in the upcoming
election.
I have been associated with the NYMEX for twenty years. In 1988 I founded Arb
Oil Incorporated with two employees. Through hard work, honesty and integrity I
have built Arb Oil into one of the largest independent floor brokerage companies
on the exchange trading floor.
I personally own two NYMEX seats, and I share a vested interest in the
continuing success of our exchange. I have served on various committees over the
years, and I have given my time, effort, and money to numerous charities.
The NYMEX has come a long way yet we have a long way to go in order to meet the
challenges in the future. It is my hope that you will consider me for your vote.
Sincerely,
Michael Cardelfe
VOTE
MMC
LOCAL
BOARD
MEMBER
Speech for NYMEX Board Candidate
Steven B. Crystal
Good afternoon, my name is Steven Crystal; many of you know me by my badge
- C B S. I have been a member of COMEX and NYMEX since 1980 and currently own
three NYMEX seats and one COMEX seat. During my tenure as a local on the floor,
I traded futures and options mostly in gold, silver, platinum, crude oil and
natural gas. For the past twenty plus years, I have been involved in one-way or
another with the exchange, I have served on numerous committees including -
arbitration, new products, floor, by-laws, finance, and equity holders. It
wasn't that long ago that there was no category for equity holders to be
represented on the board. Just a handful of equity holders, including myself,
began a grassroots effort to change the bylaws of the exchange and force the
issue before the membership for a vote. This was no small effort on our behalf,
but we were committed to make the change - it took countless hours and a lot of
politicking, but we were able to achieve our goal.
We have all lived through some trying times recently, surviving through
9/11 and the barrage of new competition from other exchanges - including online
trading and other domestic and foreign exchanges. But our most challenging times
still lie before us. We need a Board with a clear vision of what our future
could be to get us on the right path. Our Board must be proactive and dedicated
to achieve the stated goals. We must strengthen our long range planning and
budgeting process to include special projects, which will accomplish our goals
and objectives in a timely and fiscally responsible manner.
Some of the key topics which will be of importance in the immediate future
include - competition, technology, marketing, new products and OTC markets, and
IPO status. As an exchange, we must merge our Open Outcry System with new
technologies of wireless handheld technology to reduce our transaction costs to
the FCM'S and bring down our back office costs. Unless we can bring down these
transaction costs, we will drive our customer base away to cheaper, even if
less liquid, off floor exchanges. We must exploit ourselves as the lead market
in the field of trading energies and metals products and derivatives. We should
seek out new products that will enhance our competitive edge in this arena. We
must do all these things, and more, to solidify our place in the future - and
we must do it in a planned and fiscally responsible manner.
Some of my recent experiences make me uniquely qualified to deal with the
political and financial acumen required for this Board position. In the past, I
served as a trustee to the Ramapo-Indian Hills Regional High School District,
heading up the long range planning and finance committees, as well as
negotiating contracts with five different labor groups and management.
Currently, I serve as a public director of Village Supermarket (known as
SHOPRITE) where I am on the audit and compensation committees. I am actively
involved in pharmaceutical ventures, and numerous family businesses including
HONDA motorcycles, Auto Parts, Hardware, and commercial real estate deals, as
well as, various philanthropic organizations (such as The Crystal Family
Foundation and The Bitsy Madigan Scholarship Fund). In addition to all these, I
still find the time to perform daily market analysis for my daily advisory
service - CRYSTAL BALL SERVICES - and actively trade many different markets.
While commuting back and forth to Reno, NV where most of my family businesses
are, I had the time to compile my notes on trading and life and assemble them in
a book which has just been published called "The Long and Short of it... "
In conclusion, I believe that I possess the skills and dedication needed to
accomplish the future goals and objectives that will solidify our exchange as
the premier energy and metal marketplace for futures and options in the decades
to come.
I, Steven B. Crystal, am the beneficial owner of 3 shares of common stock
of NYMEX Holdings, Inc. and 3 class A memberships in the Now York Mercantile
Exchange. Inc.
A proxy statement containing important information about the election of
directors of NYMEX Holdings, Inc. and other matters will be filed with the
Securities and Exchange Commission and mailed to stockholders of NYMEX Holdings,
Inc. prior to the NYMEX Holdings, Inc. Annual meeting of Stockholders scheduled
for March 18, 2003. You are encouraged to read the proxy statement when it
becomes available. When it is filed with the SEC, the proxy statement, as well
as all of NYMEX Holdings' SEC filings, can be obtained free of charge from the
SEC's website at www.sec.gov. Copies may also be obtained from the Office of
Corporate Governance of NYMEX Holdings.