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EXHIBIT 9.2
2
TERMINATION AGREEMENT
TERMINATION AGREEMENT dated as of the 19th day of June, 1995 between the
holders of voting trust certificates ("1991 Voting Trust Certificates")
representing shares of Class B Common Stock of Pulitzer Publishing Company, a
Delaware corporation (the "Company"), and Ken J. Elkins, David E. Moore,
Nicholas G. Penniman IV, Emily Rauh Pulitzer, Michael E. Pulitzer, Ronald H.
Ridgway and William F. Woo as Trustees (the "Trustees"), under the Voting Trust
Agreement dated as of the 17th day of January, 1991, between the Depositing
Stockholders (as defined therein) and the Trustees and/or their predecessors
(such Voting Trust Agreement being the "1991 Voting Trust Agreement"):
W I T N E S S E T H :
WHEREAS, the Depositing Stockholders and the Trustees deem it in the best
interest of the Company and its stockholders to terminate the 1991 Voting Trust
Agreement;
WHEREAS, pursuant to Paragraph 20 thereof, the 1991 Voting Trust Agreement
may be terminated with the consent in writing of the holders of sixty-six and
two-thirds percent (66-2/3%) in interest of the then issued and outstanding
1991 Voting Trust Certificates, and holders of such percentage of 1991 Voting
Trust Certificates are signatories hereto;
NOW, THEREFORE, in consideration of the premises and the mutual promises
hereinafter set forth, the parties hereto hereby agree as follows:
1. The 1991 Voting Trust Agreement is hereby terminated, effective as of
the effective date of this Termination Agreement, as determined pursuant to
paragraph 3 hereof.
2. Upon the effectiveness of this Termination Agreement, the Depositing
Stockholders shall be entitled to receive one or more stock certificates for
their respective shares of Class B Common Stock of the Company held under the
1991 Voting Trust Agreement in accordance with the terms and conditions of that
agreement, subject, however, in the case of each of the Depositing Stockholders
who is a party to a line of credit agreement with Mercantile Bank of St. Louis
N.A. which is secured by a pledge of one or more of his 1991 Voting Trust
Certificates, to the obligations of the Trustees under various documents
executed in connection with the line of credit agreement, including a certain
acknowledgement agreement, by the Trustees (or their predecessors) and/or each
of such Depositing Stockholders.
3. This Termination Agreement shall become effective upon the consent in
writing of the holders of not less than sixty-six and two-thirds percent
(66-2/3%) in interest of the 1991 Voting Trust Certificates issued and
outstanding under the 1991 Voting Trust Agreement at the time of such last
required consent.
4. This Termination Agreement may be executed by the parties hereto, or
any of them, in any number of counterparts, with the same force and effect as
if they had all executed the same instrument.
IN WITNESS WHEREOF, the Trustees have hereunto set their hands and seals
as of the day and year first above written and the Depositing Stockholders
whose signatures are set forth below have signed a counterpart of this
Termination Agreement.
TRUSTEES
/s/ Ken J. Elkins
----------------------------
Ken J. Elkins
/s/ David E. Moore
----------------------------
David E. Moore
/s/ Nicholas G. Penniman IV
----------------------------
Nicholas G. Penniman IV
86
3
/s/ Emily Rauh Pulitzer
----------------------------
Emily Rauh Pulitzer
/s/ Michael E. Pulitzer
----------------------------
Michael E. Pulitzer
/s/ Ronald H. Ridgway
----------------------------
Ronald H. Ridgway
/s/ William F. Woo
----------------------------
William F. Woo
87
4
No. of Deposited
Depositing Date of Shares of Class
Stockholders Execution B common Stock
--------------------------------- --------- ----------------
Emily Rauh Pulitzer,
James V. Maloney and William
Bush, Successor Trustees of
Marital Trust A U/I Joseph
Pulitzer, Jr. dtd 6/12/74,
as amended 10/20/92
By: /s/ Emily Rauh Pulitzer 6/18/95
---------------------------------
Emily Rauh Pulitzer, Trustee
By: /s/ James V. Maloney 6/18/95
---------------------------------
James V. Maloney, Trustee
By: /s/ William Bush 6/19/95 7,920
---------------------------------
William Bush, Trustee
Emily Rauh Pulitzer,
James V. Maloney and William
Bush, Successor Trustees of
Marital Trust B U/I Joseph
Pulitzer, Jr. dtd 6/12/74,
as amended 10/20/92
By: /s/ Emily Rauh Pulitzer 6/18/95
---------------------------------
Emily Rauh Pulitzer, Trustee
By: /s/ James V. Maloney 6/18/95
---------------------------------
James V. Maloney, Trustee
By: /s/ William Bush 6/19/95 5,193,290
---------------------------------
William Bush, Trustee
88
5
No. of Deposited
Depositing Date of Shares of Class
Stockholders Execution B common Stock
--------------------------------- --------- ----------------
/s/ David E. Moore 6/17/95 3,151,082
---------------------------------
David E. Moore
/s/ Michael E. Pulitzer 6/19/95 2,818,841
---------------------------------
Michael E. Pulitzer
The Ceil and Michael E.
Pulitzer Foundation, Inc.
By: /s/ Michael E. Pulitzer 6/19/95 16,000
---------------------------------
Michael E. Pulitzer, President
/s/ Emily Rauh Pulitzer 6/18/95 137
---------------------------------
Emily Rauh Pulitzer
/s/ Katherine C. Moore 6/28/95 275
---------------------------------
Katherine C. Moore
/s/ Julie Cecille Pulitzer 7/7/95 837
---------------------------------
Julie Cecille Pulitzer
/s/ Barbara F. Moore 6/28/95 7,166
---------------------------------
Barbara F. Moore
/s/ David E. Moore, Jr. 7/29/95 95,626
---------------------------------
David E. Moore, Jr.
/s/ Deborah Moore 7/4/95 1,811
---------------------------------
Deborah Moore
89
6
No. of Deposited
Depositing Date of Shares of Class
Stockholders Execution B common Stock
--------------------------------- --------- ----------------
/s/ Evelyn Moore 7/20/95 698
---------------------------------
Evelyn Moore
/s/ Kate C. Moore 7/10/95 98,460
---------------------------------
Kate C. Moore
/s/ Richard W. Moore 6/19/95 83,051
---------------------------------
Richard W. Moore
/s/ Timothy P. Moore 7/4/95 97,408
---------------------------------
Timothy P. Moore
---------------------------------
Joseph Pulitzer IV
/s/ Michael E. Pulitzer, Jr. 7/3/95 31,480
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Michael E. Pulitzer, Jr.
/s/ Ramelle C. Pulitzer 7/3/95 2,830
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Ramelle C. Pulitzer
/s/ Robert Stair Pulitzer 7/31/95 2,830
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Robert Stair Pulitzer
/s/ Elizabeth E. Pulitzer Voges 7/4/95 5,606
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Elizabeth E. Pulitzer Voges
/s/ Christina H. Eisenbeis 7/3/95 4,506
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Christina H. Eisenbeis
90
7
No. of Deposited
Depositing Date of Shares of Class
Stockholders Execution B common Stock
------------------------------- --------- ----------------
/s/ Mark C. Eisenbeis 6/28/95 4,081
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Mark C. Eisenbeis
/s/ William H. Eisenbeis 6/17/95 4,746
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William H. Eisenbeis
/s/ Catherine Dory Culver 6/27/95 4,358
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Catherine Dory Culver
Richard A. Palmer, as Trustee
U/A dtd 8/16/83 F/B/O
Michael E. Pulitzer
By: /s/ Richard A. Palmer 6/19/95 39,628
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Richard A. Palmer, Trustee
William Bush and Richard A.
Palmer, as Trustees U/I
dtd 11/3/87 F/B/O Bianca
Pulitzer
By: /s/ William Bush
-------------------------------
William Bush, Trustee
By: /s/ Richard A. Palmer 6/19/95 5,738
-------------------------------
Richard A. Palmer, Trustee
91
8
No. of Deposited
Depositing Date of Shares of Class
Stockholders Execution B common Stock
------------------------------- --------- ----------------
William Bush and Richard A.
Palmer, as Trustees U/I
dtd 11/3/87 F/B/O Elinor
Pulitzer
By: /s/ William Bush
-------------------------------
William Bush, Trustee
By: /s/ Richard A. Palmer 6/19/95 5,738
-------------------------------
Richard A. Palmer, Trustee
William Bush and Richard A.
Palmer, as Trustees U/I
dtd 11/3/87 F/B/O Elkhanah
Pulitzer
By: /s/ William Bush
-------------------------------
William Bush, Trustee
By: /s/ Richard A. Palmer 6/19/95 5,738
-------------------------------
Richard A. Palmer, Trustee
William Bush and Richard A.
Palmer, as Trustees U/I
dtd 11/3/87 F/B/O Joseph
Pulitzer V
By: /s/ William Bush
-------------------------------
William Bush, Trustee
By: /s/ Richard A. Palmer 6/19/95 5,738
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Richard A. Palmer, Trustee
92
9
No. of Deposited
Depositing Date of Shares of Class
Stockholders Execution B common Stock
------------------------------- --------- ----------------
William Bush and Richard A.
Palmer, as Trustees U/I
dtd 1/14/88 F/B/O
Theodosia Cochrane Pulitzer
By: /s/ William Bush
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William Bush, Trustee
By: /s/ Richard A. Palmer 6/19/95 3,646
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Richard A. Palmer, Trustee
William Bush and Richard A.
Palmer, as Trustees U/I
dtd 1/14/88 F/B/O Michael
E. Pulitzer III
By: /s/ William Bush
William Bush, Trustee
By: /s/ Richard A. Palmer 6/19/95 3,646
-----------------------------
Richard A. Palmer, Trustee
William Bush and Richard A.
Palmer, as Trustees U/I
dtd 1/14/88 F/B/O Philip
Sherwood Pulitzer
By: /s/ William Bush
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William Bush, Trustee
By: /s/ Richard A. Palmer 6/19/95 3,646
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Richard A. Palmer, Trustee
93
10
No. of Deposited
Depositing Date of Shares of Class
Stockholders Execution B common Stock
----------------------------- --------- ----------------
William Bush and Richard A.
Palmer, as Trustees U/I
dtd 1/14/88 F/B/O Samuel
Pulitzer
By: /s/ William Bush
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William Bush, Trustee
By: /s/ Richard A. Palmer 6/19/95 3,852
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Richard A. Palmer, Trustee
William Bush and Richard A.
Palmer, as Trustees U/I
dtd 1/14/88 F/B/O Sarah
G. Pulitzer
By: /s/ William Bush
William Bush, Trustee
By: /s/ Richard A. Palmer 6/19/95 3,852
---------------------------------
Richard A. Palmer, Trustee
William Bush and Richard A.
Palmer, as Trustees U/I
dtd 5/4/90 F/B/O Shelton
Campbell Voges III
By: /s/ William Bush
---------------------------------
William Bush, Trustee
By: /s/ Richard A. Palmer 6/19/95 3,131
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Richard A. Palmer, Trustee
94
11
No. of Deposited
Depositing Date of Shares of Class
Stockholders Execution B common Stock
--------------------------------- --------- ----------------
William Bush and Richard A.
Palmer, as Trustees U/I
dtd 10/19/90 F/B/O
Clarissa Reed Dore Golding
By: /s/ William Bush
---------------------------------
William Bush, Trustee
By: /s/ Richard A. Palmer 6/19/95 3,131
---------------------------------
Richard A. Palmer, Trustee
William Bush and Richard A.
Palmer, as Trustees U/I
dtd 10/21/93 F/B/O
Grayson Carrol Voges
By: /s/ William Bush
---------------------------------
William Bush, Trustee
By: /s/ Richard A. Palmer 6/19/95 1,062
---------------------------------
Richard A. Palmer, Trustee
/s/ Timothy P. Moore 7/4/95 5,325
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Timothy P. Moore, as Custodian
for Elisabeth W. Moore
/s/ Timothy P. Moore 7/4/95 5,325
---------------------------------
Timothy P. Moore, as Custodian
for Zachary P. Moore
/s/ Richard W. Moore 6/19/95 7,505
---------------------------------
Richard W. Moore, as Custodian
for Alexander F. Moore
95
12
No. of Deposited
Depositing Date of Shares of Class
Stockholders Execution B common Stock
--------------------------------- --------- ----------------
/s/ Richard W. Moore 6/19/95 7,505
---------------------------------
Richard W. Moore, as Custodian
for Meredith C. Moore
/s/ Richard W. Moore 6/19/95 7,505
---------------------------------
Richard W. Moore, as Custodian
for Anne L. Moore
/s/ David E. Moore, Jr 7/29/95 5,325
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David E. Moore, Jr., as Custodian
for Alida Livingston Moore
/s/ David E. Moore, Jr 7/29/95 5,325
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David E. Moore, Jr., as Custodian
for Clement Clarke Moore
96