Ladish (LDSH) DEFA14A Additional proxy soliciting materials

SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
(Amendment No. 2)

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 § 240.14a-11(c) or § 240.14a-12

LADISH CO., 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):

[X] No fee required.

[   ] $125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-6(i)(1), 14a-6(i)(2) or Item 22(a)(2) of Schedule 14A.

[   ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) 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:

ADDENDUM TO PROXY STATEMENT

        The Board of Directors of the Company has recommended that stockholders vote in favor of Proposal 2 described on page 11 of the Proxy Statement. Stockholders are reminded that Proposal 2 resulted from the June 10, 2003 Agreement between the Company and Grace Brothers Ltd. which resolved a number of issues relating to the 2003 Annual Meeting of Stockholders. The effect of Proposal 2, if adopted, would be to increase the relative voting power of Grace Brothers Ltd. from 21% to 29.6% to reflect its full shareholdings, which will correspondingly dilute the relative voting power of all other stockholders to one vote per one share, reducing their aggregate voting power from 79% to 70.4%.