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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 (Amendment No. )
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[ ] Preliminary Proxy Statement [ ] Confidential, For Use of the
Commission Only (as permitted
by Rule 14a-6(e)(2))
[ ] Definitive Proxy Statement
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[ ] Soliciting Material Under Rule 14a-12
Chicago Mercantile Exchange Holdings Inc.
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(Name of Registrant as Specified in Its Charter)
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(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
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On March 13, 2002, the following communication was distributed to
owners of shares of Class B-2 common stock of Chicago Mercantile Exchange
Holdings Inc.:
P.J. Mulchrone Co.
Member CME, IMM, IOM
Patrick J. Mulchrone
President
Fellow Shareholders,
Once again I write to share my views of the CME and ultimately seek
your support for my reelection to the Board.
The role of a director has changed. Management now makes decisions we
used to make in committees. The responsibility a director has of looking
out for our member/shareholders best interests has not changed. I find
myself reminding management that until we have an IPO our former members
are our present shareholders. When these shareholder's livelihoods revolve
around the trading floor - management must do a better job of communicating
its vision. Managements' vision will decide where they allocate the
resources we have provided them with.
I have confidence in our CEO Jim McNulty. He has appeared to have put
together a competent staff. 2001 was an amazingly profitable year for the
CME. This was due almost entirely to Alan Greenspan and the raising of fees
to our floor. Having a year like that, in my opinion, gave Jim McNulty time
to solidify his management team and impart his philosophy on them. 2002
should be the year when he and his team hit stride. We have just announced
the business venture with NYMEX. This is a good first step. While we hope
single stock futures are successful, we may have to look for growth outside
the CME.
I take pride in being nominated for the sixth time by the IMM, now the
B-2, nominating committee. I own B shares in each division, but make my
living in the Eurodollars. As a member for over 20 years, I both broker and
trade. I understand the issues of all B-2 shareholders and can communicate
and represent them at the Board. You know where to find me and just as
importantly I am accessible. For those of you off the floor, I can be
reached at (630) 323-9872 or e-mailed at pjmulchrone@aol.com. In short,
your interests are my interests.
My passion and energy level towards our business has not subsided. At
this time, experience is more important than ever. I once again ask for
your support for reelection.
Sincerely,
/s/ Pat
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Patrick Mulchrone
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On March 12, 2002, Chicago Mercantile Exchange Holdings Inc. filed a
definitive proxy statement with the Securities and Exchange Commission
("SEC") regarding the Annual Meeting of Shareholders to be held on April
17, 2002. Shareholders of Chicago Mercantile Exchange Holdings Inc. are
urged to read the definitive proxy statement and any other relevant
materials filed by Chicago Mercantile Exchange Holdings Inc. with the SEC
because they contain, or will contain, important information about Chicago
Mercantile Exchange Holdings Inc. and the Annual Meeting. The definitive
proxy statement and other relevant materials (when they become available),
and any other documents filed by Chicago Mercantile Exchange Holdings Inc.
with the SEC, may be obtained free of charge at the SEC's web site at
www.sec.gov. In addition, shareholders may obtain free copies of these
documents by contacting Chicago Mercantile Exchange Holdings Inc.,
Shareholder Relations and Membership Services, 30 South Wacker Drive,
Chicago, Illinois 60606. Shareholders are urged to read the definitive
proxy statement and the other relevant materials (when they become
available) before making any voting decision with respect to matters to be
acted on at the Annual Meeting.
This letter has been prepared and distributed solely by the candidate. The
views and opinions expressed herein are solely those of the candidate and
do not necessarily reflect the views or opinions of Chicago Mercantile
Exchange Holdings Inc. or its directors, officers or employees, nor have
these views or opinions been approved or sanctioned by any of them.