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
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Dave & Buster's, Inc.
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(Name of Registrant as Specified In Its Charter)
Dolphin Limited Partnership I, L.P.
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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(1) Title of each class of securities to which transaction applies:
Common Stock, par value $.01 per share
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FOR IMMEDIATE RELEASE
For further information, contact:
Arthur B. Crozier
Innisfree M&A Incorporated
212-750-5833
DOLPHIN MAILING ITS PROXY MATERIALS IN SUPPORT OF ITS INDEPENDENT
DIRECTOR SLATE IN OPPOSITION TO MANAGEMENT AT THE DAVE & BUSTER'S JUNE
10, 2003 ANNUAL MEETING
STAMFORD, CT - May 20, 2003 -- Dolphin Limited Partnership I, L.P.,
the largest shareholder of Dave and Buster's Inc. (NYSE:DAB) with 9.5% of the
outstanding shares announced today that it had commenced mailing its proxy
materials in support of its slate of independent director nominees.
Dolphin's independent director nominees for election at the June 10, 2003 Annual
Meeting are Donald Netter, Edward Weinstein, and Edward Hartline. Messrs.
Weinstein and Hartline have no prior business relationship with Dolphin and are
serving on this slate in order to benefit shareholders. These nominees are
highly qualified and Dolphin has committed substantial resources and time to
pursue this proxy contest to maximize value for all shareholders.
Dolphin's candidates are running for three seats on the recently expanded nine
member board that are up for election at this year's Annual Meeting under the
Company's classified board structure. Dolphin believes that by electing its
slate, shareholders will be empowered to change control of the board at the 2004
Annual Meeting if the board falters again.
Dolphin is seeking to install directors who are independent of management and
untainted by what Dolphin believes was an improper and conflicted sale process
in which a super majority of the current board presided over. Towards its
objective of maximizing value for all shareholders, Dolphin's independent
director slate is also committed to addressing what they believe have been the
Company's disappointing operating results and share price performance over the
past few years. The positions and platform of Dolphin's nominees are described
in detail in its proxy statement.
Shareholders who would like a copy of Dolphin's proxy material or have
questions, please feel free to call Innisfree M&A Incorporated toll free at
1-888-750-5834.
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