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 (X) Filed by a Party other than Registrant ( ) Check the appropriate box: ( ) Preliminary Proxy Statement ( ) Confidential, for Use of the Commission ( ) Definitive Proxy Statement Only (as permitted by Rule 14a-6(e)(2)) (X) Definitive Additional Materials ( ) Soliciting material pursuant to Rule 14a-11(c) or Rule 14a-12 ShowBiz Pizza Time, Inc. (Name of Registrant as Specified in Its Charter) not applicable (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): (X) $125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-6(i)(1), or 14a-6(i)(2) or Item 22(a)(2) of Schedule 14A. ( ) $500 per each party to the controversy pursuant to Exchange Act Rule 14a-6(i)(3). ( ) 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: not applicable (2) Aggregate number of securities to which transaction applies: not applicable (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): not applicable (4) Proposed maximum aggregate value of transaction: not applicable (5) Total fee paid: not applicable ( ) Fee paid previously with preliminary materials. not applicable ( ) 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: not applicable (2) Form, Schedule or Registration Statement No.: not applicable (3) Filing Party: not applicable (4) Date Filed: not applicable News Release SITRICK AND COMPANY, INC. Los Angeles/New York Contact: Michael Sitrick Lance Ignon Sitrick And Company (310) 788-2850 IRVING, TEXAS -- MAY 23, 1995 -- ShowBiz Pizza Time, Inc. (Nasdaq: SHBZ) today released the following statement in response to media requests for information regarding Joshua S. Friedman seeking a seat on the Company's board of directors. "ShowBiz Pizza Time intends to respond more fully in a letter to shareholders regarding Joshua S. Friedman's effort to gain a seat on the Company's board of directors. Mr. Friedman is a partner with and financial adviser of Bennett S. LeBow. In our opinion, Mr. Friedman may have conflicts of interest because of his financial arrangements with LeBow with respect to LeBow's investments in ShowBiz Pizza. Given LeBow's history of utilizing the companies he controls for what we believe is his own personal financial enrichment, we do not feel that it is in our shareholders' best interests for him or any of his affiliates or associates to have a seat on ShowBiz Pizza Time's board of directors. In our opinion, this could fractionalize our board and, at a minimum, pose a distraction to management at a time when it is devoting much of its energy to the company's remodeling program -- a program, incidentally, that LeBow and his affiliates have endorsed." ### 1875 Century Park East, Suite 950 Los Angeles, CA 90067 (310) 788-2850 Fax: (310) 788-2855