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Leucadia National Corp – ‘DEFR14A’ on 5/15/01

On: Tuesday, 5/15/01, at 11:10am ET · Accession #: 909518-1-500073 · File #: 1-05721

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 5/15/01  Leucadia National Corp            DEFR14A                1:84K                                    Weil Gotshal & Ma… 04/FA

Revised Definitive Proxy Solicitation Material — Schedule 14A
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: DEFR14A     Revised Definitive Proxy Solicitation Material        27    138K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Audit Committee Report Certain Relationships and Related Transactions Compensation of Messrs. Cumming and Steinberg Election of Directors Employment Agreements Executive Compensation Ratification of Selection of Independent Auditors Retirement Plan Warrant Plan
1	1st Page - Filing Submission
4	Election of Directors
11	Executive Compensation
13	Retirement Plan
14	Employment Agreements
15	Certain Relationships and Related Transactions
17	Compensation of Messrs. Cumming and Steinberg
"	Warrant Plan
22	Audit Committee Report
23	Ratification of Selection of Independent Auditors

DEFR14A 1st Page of 27 TOC ↑Top Previous Next ↓Bottom Just 1st
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 14A
(Rule 14A-101)

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 the Registrant [ ]

Check the appropriate box:

[ ] Preliminary Proxy Statement
[ ] Definitive Proxy Statement [ ] Confidential, for Use of the
[X] Definitive Additional Materials Commission Only (as permitted)
[ ] Soliciting Material Pursuant to by Rule 14a-6(e)(2)
Rule 14a-11(c) or Rule 14a-12

LEUCADIA NATIONAL CORPORATION
--------------------------------------------------------------------------------
(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.

[ ] 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:

[ ] 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.
------------------------------------------------------------------------

DEFR14A 2nd Page of 27 TOC 1st Previous Next ↓Bottom Just 2nd
LEUCADIA NATIONAL CORPORATION

315 Park Avenue South
New York, New York 10010

----------

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
To Be Held June 6, 2001

----------

May 15, 2001

To Our Common Shareholders:

You are cordially invited to attend the Annual Meeting of Shareholders
(the "Meeting") of Leucadia National Corporation (the "Company") to be held on
June 6, 2001, at 10:00 a.m., at Credit Suisse First Boston, 11 Madison Avenue,
Level 2B Auditorium, New York, New York:

1. To elect six directors.

2. To ratify the selection of PricewaterhouseCoopers LLP as independent
auditors to audit the consolidated financial statements of the Company and its
subsidiaries for the year ended December 31, 2001.

3. To transact such other business as may properly come before the
Meeting or any adjournments of the Meeting.

Only holders of record of the Company's Common Shares at the close of
business on April 11, 2001 will be entitled to notice of and to vote at the
Meeting. Please vote your shares, either (i) by signing, dating and mailing the
enclosed proxy card in the accompanying postage prepaid envelope, (ii) by
telephone using the toll-free telephone number printed on the proxy card, or
(iii) by voting on the Internet, using the instructions printed on the proxy
card. This will assure that your shares are represented at the Meeting.

By Order of the Board of Directors.

LAURA E. ULBRANDT
Secretary

DEFR14A 3rd Page of 27 TOC 1st Previous Next ↓Bottom Just 3rd
LEUCADIA NATIONAL CORPORATION

315 Park Avenue South
New York, New York 10010

----------

PROXY STATEMENT

----------

Annual Meeting of Shareholders

May 15, 2001

This Proxy Statement is being furnished to the Shareholders (the
"Shareholders") of Leucadia National Corporation, a New York corporation (the
"Company"), in connection with the solicitation of proxies by the Board of
Directors for use at the Annual Meeting of Shareholders (the "Meeting") of the
Company to be held on June 6, 2001 and at any adjournments thereof.

At the Meeting, Shareholders will be asked:

1. To elect six directors.

3. To transact such other business as may properly come before the
Meeting or any adjournments of the Meeting.

The Board of Directors has fixed the close of business on April 11,
2001 as the record date (the "Record Date") for the determination of the holders
of the Company's common shares, par value $1.00 per share (the "Common Shares"),
entitled to notice of and to vote at the Meeting. Each such Shareholder will be
entitled to one vote for each Common Share held on all matters to come before
the Meeting and may vote in person or by proxy by completing the enclosed proxy
card and returning it in the enclosed postage prepaid envelope or, as indicated
on the proxy card, by voting on the Internet or by voting by telephone. At the
close of business on April 11, 2001, there were 55,306,728 Common Shares
entitled to vote.

This Proxy Statement and the accompanying form of proxy are first being
sent to holders of the Common Shares on or about May 15, 2001.

DEFR14A 4th Page of 27 TOC 1st Previous Next ↓Bottom Just 4th
THE MEETING

Date, Time and Place

The Meeting will be held on June 6, 2001, at 10:00 a.m., local time, at
Credit Suisse First Boston, 11 Madison Avenue, Level 2B Auditorium, New York,
New York.

Matters to Be Considered

At the Meeting, Shareholders will be asked to consider and vote to
elect six directors and to ratify the selection of independent auditors. See
"ELECTION OF DIRECTORS," and "RATIFICATION OF SELECTION OF INDEPENDENT
AUDITORS." The Board of Directors knows of no matters that are to be brought
before the Meeting other than as set forth in the Notice of Meeting. If any
other matters properly come before the Meeting, the persons named in the
enclosed form of proxy or their substitutes will vote in accordance with their
best judgment on such matters.

Record Date; Shares Outstanding and Entitled to Vote

Shareholders as of the Record Date (i.e., the close of business on
April 11, 2001) are entitled to notice of and to vote at the Meeting. As of the
Record Date, there were 55,306,728 Common Shares outstanding and entitled to
vote, with each share entitled to one vote.

Required Votes

Election of Directors. Under New York law, the affirmative vote of the
holders of a plurality of the Common Shares voted at the Meeting is required to
elect each director. Consequently, only shares that are voted in favor of a
particular nominee will be counted toward such nominee's achievement of a
plurality. Shares present at the Meeting that are not voted for a particular
nominee or shares present by proxy where the Shareholder properly withheld
authority to vote for such nominee (including broker non-votes) will not be
counted toward such nominee's achievement of a plurality.

Other Matters. The ratification of the selection of
PricewaterhouseCoopers LLP as independent auditors is being submitted to
Shareholders because the Board of Directors believes that such action follows
sound corporate practice and is in the best interests of the Shareholders. If
the Shareholders do not ratify the selection by the affirmative vote of the
holders of a majority of the Common Shares voted at the Meeting, the selection
of independent auditors will be reconsidered by the Board. If the Shareholders
ratify the selection, the Board, in its discretion, may still direct the
appointment of new independent auditors at any time during the year if the Board
believes that such a change would be in the best interests of the Company and
its Shareholders. Abstentions and broker non-votes are not counted in
determining the votes cast in connection with the ratification of auditors, but
do have the effect of reducing the number of affirmative votes required to
achieve a majority for such matter by reducing the total number of shares from
which the majority is calculated.

Ian M. Cumming, Chairman of the Board of Directors, beneficially owns
9,836,502 or approximately 17.8% of the Common Shares outstanding at the Record
Date (excluding 370,000 Common Shares which Mr. Cumming and his family currently
have the right to acquire upon the exercise of warrants), Joseph S. Steinberg, a
Director and President, beneficially owns 8,993,489 or approximately 16.3% of
the Common Shares outstanding at the Record Date (excluding 400,000 Common
Shares which Mr. Steinberg currently has the right to acquire upon exercise of
warrants) and two trusts for the benefit of Mr. Steinberg's children (the
"Steinberg Children Trusts") beneficially own 1,107,646 or approximately 2.0% of
the Common Shares outstanding at the Record Date. Mr. Steinberg disclaims
beneficial ownership of the Common Shares held by the Steinberg Children Trusts.
The Cumming Foundation and the Joseph S. and Diane H. Steinberg 1992 Charitable
Trust, private charitable foundations independently established by Messrs.
Cumming and Steinberg, respectively, beneficially own 130,509 or approximately

DEFR14A 5th Page of 27 TOC 1st Previous Next ↓Bottom Just 5th
.2% and 115,058 or approximately .2% of the Common Shares outstanding at the
Record Date, respectively. Mr. Cumming and Mr. Steinberg each disclaims
beneficial ownership of the Common Shares held by their respective private
charitable foundations. Messrs. Cumming and Steinberg have advised the Company
that they intend to cause all Common Shares that they beneficially own and all
Common Shares beneficially owned by their charitable foundations to be voted in
favor of each nominee named herein and in favor of ratification of the selection
of independent auditors. In addition to Messrs. Cumming and Steinberg, all other
directors and officers of the Company beneficially own approximately .4% of the
Common Shares outstanding at the Record Date.

Voting and Revocation of Proxies

Shareholders are requested to vote by proxy in one of three ways:

o Use the toll-free telephone number shown on your proxy card;

o Visit the Internet website at www.voteproxy.com and follow the
on-screen instructions; or

o Mail, date, sign and promptly return your proxy card in the
enclosed postage prepaid envelope.

Common Shares represented by properly executed proxies received by the
Company or voted by telephone or via the Internet, which are not revoked will be
voted at the Meeting in accordance with the instructions contained therein. If
instructions are not given, proxies will be voted for election of each nominee
for director named herein and for ratification of the selection of independent
auditors.

Voting instructions (including instructions for both telephonic and
Internet voting) are provided on the proxy card. The Internet and telephone
voting procedures are designed to authenticate Shareholder identities, to allow
Shareholders to give voting instructions and to confirm that Shareholders'
instructions have been recorded properly. A Control Number, located on the proxy
card, will identify Shareholders and allow them to vote their shares and confirm
that their voting instructions have been properly recorded. Shareholders voting
via the Internet should understand that there may be costs associated with
electronic access, such as usage charges from Internet access providers and
telephone companies, that must be borne by the Shareholder. If you do vote by
Internet or telephone, it will not be necessary to return your proxy card.

If your shares are held in the name of a bank or broker, follow the
voting instructions on the form you receive from your record holder. The
availability of Internet and telephone voting will depend on their voting
procedures.

If a Shareholder neither returns a signed proxy card, votes by the
Internet or by telephone, nor attends the Meeting and votes in person, his or
her shares will not be voted.

Any proxy signed and returned by a Shareholder or voted by telephone or
via the Internet may be revoked at any time before it is exercised by giving
written notice of revocation to the Secretary of the Company, at the address of
the Company set forth herein, by executing and delivering a later-dated proxy
(either in writing, by telephone or via the Internet) or by voting in person at
the Meeting. Attendance at the Meeting will not in and of itself constitute
revocation of a proxy.

Proxy Solicitation

The Company will bear the costs of solicitation of proxies for the
Meeting. In addition to solicitation by mail, directors, officers and regular
employees of the Company may solicit proxies from Shareholders by telephone,
telegram, personal interview or otherwise. Such directors, officers and
employees will not receive additional compensation, but may be reimbursed for
out-of-pocket expenses in connection with such solicitation. Brokers, nominees,
fiduciaries and other custodians have been requested to forward soliciting
material to the beneficial owners of Common Shares held of record by them, and

DEFR14A 6th Page of 27 TOC 1st Previous Next ↓Bottom Just 6th
such custodians will be reimbursed for their reasonable expenses.

Independent Auditors

The Company has been advised that representatives of
PricewaterhouseCoopers LLP, the Company's independent auditors for 2000, will
attend the Meeting, will have an opportunity to make a statement if they desire
to do so and will be available to respond to appropriate questions.

ELECTION OF DIRECTORS

At the Meeting, six directors are to be elected to serve until the next
Meeting or until their successors are elected and qualified. The persons named
in the enclosed form of proxy have advised that, unless contrary instructions
are received, they intend to vote for the six nominees named by the Board of
Directors and listed on the following table. The Board of Directors does not
expect that any of the nominees will be unavailable for election as a director.
However, if by reason of an unexpected occurrence one or more of the nominees is
not available for election, the persons named in the form of proxy have advised
that they will vote for such substitute nominees as the Board of Directors of
the Company may propose. The following information is as of April 11, 2001.

[Enlarge/Download Table]
Name and present position, Age, period served as director, other business experience
if any, with the Company during the last five years and family relationships, if any
------------------------ -----------------------------------------------------------

Ian M. Cumming,
Chairman of the Board..............Mr. Cumming, 60, has served as a director and Chairman of the Board of the
Company since June 1978. In addition, he is a director of Allcity Insurance
Company ("Allcity") and MK Gold Company ("MK Gold"). Allcity, a consolidated
subsidiary of the Company, is a property and casualty insurer. MK Gold, a
consolidated subsidiary of the Company, is an international mining company.
Mr. Cumming is also a director of Skywest, Inc., a Utah-based regional air
carrier, and HomeFed Corporation ("HomeFed"), a publicly held real estate
development company.

Paul M. Dougan........................Mr. Dougan, 63, has served as a director of the Company since May 1985. He
has been a director and President and Chief Executive Officer of Equity Oil
Company ("Equity Oil"), a company engaged in oil and gas exploration and
production, since January 1994. Prior thereto, he served as corporate
secretary and manager of corporate development of Equity Oil since May 1968.

Lawrence D. Glaubinger................Mr. Glaubinger, 75, has served as a director of the Company since May 1979.
He was Chairman of the Board of Stern & Stern Industries, Inc., a New York
corporation, primarily engaged in the manufacture and sale of industrial
textiles, from November 1977 through 2000. He has also been President of
Lawrence Economic Consulting Inc., a management consulting firm, since January
1977. Mr. Glaubinger is a director of Marisa Christina Inc., an importer of
women's clothing.

James E. Jordan.......................Mr. Jordan, 57, has served as a director of the Company since February 1981.
Mr. Jordan is a private investor. From October 1986 to June 1997, he was
President of The William Penn Corporation ("William Penn"), a holding company
for an investment advisor to the William Penn family of mutual funds. During
such period, approximately 19.7% of the common stock of William Penn was
beneficially owned by the Company. Mr. Jordan is a director of First Eagle

DEFR14A 7th Page of 27 TOC 1st Previous Next ↓Bottom Just 7th
Name and present position, Age, period served as director, other business experience
if any, with the Company during the last five years and family relationships, if any
------------------------ -----------------------------------------------------------

SoGen family of mutual funds, JZ Equity Partners Plc., a British investment
trust company and Allcity.

Jesse Clyde Nichols, III..............Mr. Nichols, 61, has served as a director of the Company since June 1978. He
was President, from May 1974 through 2000, of Crimsco, Inc., a company engaged
in manufacturing.

Joseph S. Steinberg, President........Mr. Steinberg, 57, has served as a director of the Company since December
1978 and as President of the Company since January 1979. He is also a
director of MK Gold and Jordan Industries, Inc., a public company,
approximately 10% of the common stock of which is beneficially owned by the
Company, which owns and manages manufacturing companies. In addition, Mr.
Steinberg is Chairman of the boards of HomeFed and Allcity.

The Board of Directors recommends a vote FOR the above-named nominees.

INFORMATION CONCERNING
THE BOARD OF DIRECTORS AND BOARD COMMITTEES

Meetings and Committees

During 2000, the Board of Directors held six meetings and took action
on numerous other occasions.

The Board of Directors has a standing Audit Committee, Executive
Committee, Employee Benefits Committee, Option Committee and Nominating
Committee.

The functions of the Audit Committee are to assist the Board of
Directors in fulfilling its responsibility to oversee management's conduct of
the Company's financial reporting process, including selecting the Company's
outside auditors and reviewing the financial reports and other financial
information provided by the Company to governmental or regulatory bodies, the
public or other users, the Company's systems of internal accounting and
financial controls and the annual independent audit of the Company's financial
statements. During 2000, the Chairman of the Audit Committee met three times
with the Company's management and outside auditors, and the Audit Committee as a
whole met with management and the outside auditors once and took action on one
other occasion. The Board of Directors has adopted a charter for the Audit
Committee, which is attached as Annex A to this Proxy Statement. The Audit
Committee consists of Messrs. Jordan (Chairman), Nichols and Glaubinger. All
members of the Audit Committee are "independent" under the rules of the New York
Stock Exchange currently applicable to the Company. See "Audit Committee Report"
below. The information contained in this Proxy Statement with respect to the
Audit Committee charter and the independence of the members of the Audit
Committee shall not be deemed to be "soliciting material" or to be "filed" with
the Securities and Exchange Commission, nor shall such information be
incorporated by reference into any future filing under the Securities Act of
1933 or the Securities Exchange Act of 1934, except to the extent that the
Company specifically incorporates it by reference in such filing.

The function of the Executive Committee is to exercise the authority of
the Board of Directors in the management of the business of the Company at such
times as the full Board of Directors is unavailable. The Executive Committee,
which took action on one occasion during 2000, consists of Messrs. Cumming
(Chairman), Steinberg, Jordan and Glaubinger.

The functions of the Employee Benefits Committee are to review
compensation of the Chairman of the Board and President, and employee benefit
and incentive plans, including the Senior Executive Annual Incentive Bonus Plan

DEFR14A 8th Page of 27 TOC 1st Previous Next ↓Bottom Just 8th
and the Senior Executive Warrant Plan. The Employee Benefits Committee met once
during 2000. The Employee Benefits Committee consists of Messrs. Nichols
(Chairman) and Jordan.

The function of the Option Committee is to administer the terms of the
Company's 1999 Stock Option Plan. The Option Committee took action on two
occasions during 2000 and consists of Messrs. Jordan (Chairman), Glaubinger and
Nichols.

The function of the Nominating Committee is to consider and present to
the Board of Directors its nominations for officers and directors of the
Company. The Nominating Committee took action on one occasion during 2000 and
consists of Messrs. Jordan (Chairman), Dougan and Nichols.

A Shareholder entitled to vote in the election of directors may
nominate one or more persons for election as directors at a meeting if written
notice of such Shareholder's intent to make such nomination has been given to
the Company, with respect to an election to be held at an annual meeting of
Shareholders, not less than 120 days prior to the first anniversary of the
Company's proxy statement in connection with the last Annual Meeting, and, with
respect to an election to be held at a special meeting of Shareholders, not
later than the tenth day following the date on which notice of such meeting is
first given to Shareholders. Such notice shall set forth the name and address of
the Shareholder and his or her nominees, a representation that the Shareholder
is entitled to vote at such meeting and intends to nominate such person, a
description of all arrangements or understandings between the Shareholder and
each such nominee, such other information as would be required to be included in
a proxy statement soliciting proxies for the election of such Shareholder's
nominees, and the consent of each nominee to serve as a director of the Company
if so elected. The Company may require any proposed nominee to furnish such
other information as may reasonably be required to determine the eligibility of
such proposed nominee to serve as a director of the Company. The Company did not
receive any nominations from Shareholders for election as directors at the
Meeting.

All directors attended at least 75% of the meetings of the Board and
committees of the Board on which they served.

DEFR14A 9th Page of 27 TOC 1st Previous Next ↓Bottom Just 9th
PRESENT BENEFICIAL OWNERSHIP OF COMMON SHARES

Set forth below is certain information as of April 11, 2001 with
respect to the beneficial ownership of Common Shares by (i) each person who, to
the knowledge of the Company, is the beneficial owner of more than 5% of the
outstanding Common Shares (the Company's only class of voting securities), (ii)
each director and nominee for director, (iii) each of the executive officers
named in the Summary Compensation Table under "Executive Compensation," (iv) the
Steinberg Children Trusts and private charitable foundations established by Mr.
Cumming and Mr. Steinberg and (v) all executive officers and directors of the
Company as a group. Unless otherwise stated, the business address of each person
listed is c/o Leucadia National Corporation, 315 Park Avenue South, New York,
New York 10010.

[Enlarge/Download Table]
Number of Shares
Name and Address and Nature of Percent
of Beneficial Owner Beneficial Ownership of Class
------------------- -------------------- --------

Group consisting of
Carl Marks & Co., Inc., Robert
Davidoff, Edwin S.
Marks, Nancy A.
Marks, Boas GRAT
No. 1 Trust, Marks
Family Foundation,
Marjorie M. Boas,
Mark Claster and
Andrew Boas (a)(b).............................................. 3,149,484 5.6%
Ian M. Cumming.................................................... 10,206,502 (c)(d) 18.2%
Paul M. Dougan.................................................... 1,413 (e) *
Lawrence D. Glaubinger............................................ 79,000 (f) .1%
James E. Jordan................................................... 32,000 (g) *
Thomas E. Mara.................................................... 5,000 (h) *
Jesse Clyde Nichols, III.......................................... 60,939 (g) .1%
Joseph A. Orlando................................................. 7,356 (h) *
H.E. Scruggs...................................................... 4,200 (i) *
Joseph S. Steinberg............................................... 9,393,489 (d)(j) 16.7%
The Steinberg Children Trusts..................................... 1,107,646 (k) 2.0%
Cumming Foundation ............................................... 130,509 (l) .2%
The Joseph S. and Diane H. Steinberg
1992 Charitable Trust......................................... 115,058 (m) .2%
All directors and executive officers
as a group (11 persons)...................................... 19,855,599 (n) 35.4%

-------------------

* Less than .1%.

(a) The business address of this beneficial owner is c/o Carl Marks & Co.,
Inc., 135 East 57th Street, New York, New York 10022.

(b) Based upon Amendment No. 1 to a Statement on Schedule 13D dated December
1, 1992 filed by Carl Marks & Co., Inc., Robert Davidoff, Edwin S. Marks,
Nancy A. Marks, Boas GRAT No. 1 Trust, Marks Family Foundation, Marjorie
M. Boas, Mark Claster and Andrew Boas and information provided by Carl
Marks & Co., Inc.

DEFR14A 10th Page of 27 TOC 1st Previous Next ↓Bottom Just 10th
(c) Includes (i) 266,712 (.5%) Common Shares beneficially owned by Mr.
Cumming's wife (directly and through trusts for the benefit of Mr.
Cumming's children of which Mr. Cumming's wife is trustee) as to which
Mr. Cumming may be deemed to be the beneficial owner and (ii) 370,000
(.7%) Common Shares which Mr. Cumming and his family currently have the
right to acquire upon exercise of warrants.

(d) Messrs. Cumming and Steinberg have an oral agreement pursuant to which
they will consult with each other as to the election of a mutually
acceptable Board of Directors of the Company.

(e) Consists of (i) 1,313 Common Shares that may be acquired upon the
exercise of currently exercisable stock options and (ii) 100 (less than
.1%) Common Shares owned by Mr. Dougan's wife as to which Mr. Dougan
disclaims beneficial ownership.

(f) Includes 1,000 Common Shares that may be acquired upon the exercise of
currently exercisable stock options.

(g) Includes 2,000 Common Shares that may be acquired upon the exercise of
currently exercisable stock options.

(h) Includes 5,000 Common Shares that may be acquired upon the exercise of
currently exercisable stock options.

(i) Includes 4,000 Common Shares that may be acquired upon the exercise of
currently exercisable stock options.

(j) Includes (i) 46,400 (less than .1%) Common Shares beneficially owned by
Mr. Steinberg's wife and daughter and 2,678,808 (4.8%) Common Shares held
in a family trust as to which Mr. Steinberg may be deemed to be the
beneficial owner and (ii) 400,000 (.7%) Common Shares which Mr. Steinberg
currently has the right to acquire upon exercise of warrants.

(k) Mr. Steinberg disclaims beneficial ownership of the Common Shares held by
the Steinberg Children Trusts.

(l) Mr. Cumming is a trustee and President of the foundation and disclaims
beneficial ownership of the Common Shares held by the foundation.

(m) Mr. Steinberg and his wife are the trustees of the foundation. Mr.
Steinberg disclaims beneficial ownership of the Common Shares held by the
foundation.

(n) Includes (i) 100 Common Shares owned of record by the spouse of a
director of the Company as to which such director disclaims beneficial
ownership, (ii) 770,000 Common Shares that may be acquired by Messrs.
Cumming and Steinberg pursuant to the exercise of currently exercisable
warrants, (iii) 6,313 Common Shares that may be acquired by directors
pursuant to the exercise of currently exercisable stock options and (iv)
20,000 Common Shares that may be acquired by certain officers pursuant to
the exercise of currently exercisable stock options.

As of April 11, 2001, Cede & Co. held of record 33,357,355 Common
Shares (approximately 60.3% of the total number of Common Shares outstanding).
Cede & Co. held such shares as a nominee for broker-dealer members of The
Depository Trust Company, which conducts clearing and settlement operations for
securities transactions involving its members.

DEFR14A 11th Page of 27 TOC 1st Previous Next ↓Bottom Just 11th
EXECUTIVE COMPENSATION

Summary Compensation Table

The following table sets forth information in respect of the
compensation of the Chairman of the Board, the President, and each of the other
three most highly compensated current executive officers of the Company in 2000,
for services in all capacities to the Company and its subsidiaries in 2000, 1999
and 1998.

[Enlarge/Download Table]

Long-Term
Annual Compensation Compensation
--------------------------------------------------- -------------- -------------
Options/
Other Annual Warrants All Other
Name and Principal ------------ -------- ---------
Position(s) Year Salary Bonus Compensation (# of shares) Compensation
----------- ---- ------ ----- ------------ ------------- ------------

Ian M. Cumming, 2000 $ 568,547 $ 17,225(1) $457,872(4) 400,000 $123,734(6)
Chairman of the Board 1999 557,059 2,620,558(2) 206,559(4) -- 91,998
1998 546,178 16,556(3) 198,154(4) -- 98,097

Joseph S. Steinberg, 2000 $ 568,547 $ 17,225(1) $843,037(4) 400,000 $116,492(6)
President 1999 557,059 2,620,558(2) 415,203(4) -- 80,325
1998 546,178 16,556(3) 324,542(4) -- 91,147

Thomas E. Mara, 2000 $ 270,000 $ 533,100 -- 25,000 $22,100(6)
Executive Vice 1999 265,000 2,994,413 $549,585(5) -- 11,672
President and Treasurer 1998 260,000 767,800 -- -- 27,654

Joseph A. Orlando, 2000 $ 205,000 $406,150 -- 25,000 $17,600(6)
Vice President and 1999 200,000 613,167 $304,647(5) -- 18,000
Chief Financial Officer 1998 170,000 675,100 -- -- 12,500

H.E. Scruggs, 2000 $ 174,038 $485,250 -- 20,000 $ 5,100(6)
Vice President (7)

----------------------

(1) Represents annual year-end bonus (based on a percentage of salary) paid
to all employees. The Employee Benefits Committee of the Board of
Directors intends to consider the payment of a 2000 performance bonus
to each of Messrs. Cumming and Steinberg at the Board of Directors
meeting to be held following the 2001 Annual Meeting. See "Report of
the Compensation Committee of the Board of Directors--Compensation of
Messrs. Cumming and Steinberg."

(2) Represents 1999 performance bonus paid to Messrs. Cumming and Steinberg
under the Senior Executive Annual Incentive Bonus Plan. See "Report of
the Compensation Committee of the Board of Directors--Compensation of
Messrs. Cumming and Steinberg." Also includes annual year-end bonus
(based on a percentage of salary) paid to all employees.

(3) Represents annual year-end bonus (based on a percentage of salary) paid
to all employees. The Employee Benefits Committee of the Board of
Directors determined not to award any additional bonus for services.

(4) Consists of non-cash compensation valued in accordance with the
disclosure rules of the Securities and Exchange Commission, as follows:
personal use of corporate aircraft (Mr. Cumming: $457,872, $206,559 and
$198,154 in 2000, 1999 and 1998, respectively, and Mr. Steinberg:
$843,037, $415,203 and $324,542 in 2000, 1999 and 1998, respectively).
The value of such non-cash compensation may differ for federal tax
purposes. Pursuant to the terms of deferred compensation agreements
between the Company and Mr. Steinberg, Mr. Steinberg reimbursed the
Company for the federal tax value of his 2000 and 1999 non-cash
compensation ($406,055 and $239,041, respectively). For information
concerning Mr. Steinberg's deferred compensation agreements and certain

DEFR14A 12th Page of 27 TOC 1st Previous Next ↓Bottom Just 12th
additional compensation paid to him, see "Report of the Compensation
Committee of the Board of Directors" below.

(5) Represents amounts paid in respect of cancellation of options held by
such person as described below and includes amounts in respect of taxes
attributable to such payments as follows: Mr. Mara, $144,585 and Mr.
Orlando, $80,147.

On April 1, 1999, the Company declared a cash dividend on the Common
Shares in the amount of $12.00 per share (the "Dividend"). In
connection with the Dividend, and in order to comply with the terms of
a ruling from the Internal Revenue Service related to the Dividend, the
Company offered to pay to each holder of outstanding options in
cancellation of all options held an amount equal to the spread between
the exercise price of such holder's options and $32.875 (the higher of
(1) $32.875 and (2) the average closing price of a Common Share on the
New York Stock Exchange for the five trading days following the public
announcement of the Dividend), multiplied by the number of Common
Shares subject to options held by such holder. Additional amounts were
paid to option holders (other than non-employee directors) to reimburse
them for certain tax costs attributable to the option cancellation.
Holders of all outstanding options accepted the Company's offer. Upon
declaration of the Dividend, all options were cancelled. Payments in
respect of the cancellation of the options were made to directors on
April 12, 1999 and to all other employees on April 14, 1999.

(6) Includes the annual premium on a term life insurance policy paid by the
Company for the benefit of such person ($6,410 for Mr. Cumming and
$3,092 for Mr. Steinberg), directors' fees from affiliates of the
Company ($112,224 for Mr. Cumming, $108,300 for Mr. Steinberg, $17,000
for Mr. Mara and $12,500 for Mr. Orlando) and a $5,100 contribution
made by the Company to a defined contribution 401(k) plan on behalf of
each named person. Does not include the annual premium or certain term
life insurance paid by the Company as described under "Certain
Relationships and Related Transactions."

(7) Mr. Scruggs became an executive officer of the Company on March 6,
2000.

Option/Warrant Grants in 2000

The following table shows all grants of options and warrants to the
named executive officers of the Company in 2000.

[Enlarge/Download Table]

Potential Realizable Value
at Assumed Annual Rates
of Stock Price Appreciation
Individual Grants For Option/Warrant Term (2)
-------------------------------------------------------------- ---------------------------------
% of Total
Securities Underlying Options/Warrants
Options/Warrants Granted to Exercise Expiration
Name Granted (# of shares) Employees in 2000 Price ($/Sh) Date 0% ($) 5% ($) 10% ($)
---- --------------------- ----------------- ------------ ---- ------ ------ -------

Ian M. Cumming 400,000(1) 33.8% $23.95 5/15/05 $0 $2,646,800 $5,848,700
Joseph S. Steinberg 400,000(1) 33.8 23.95 5/15/05 0 2,646,800 5,848,700
Thomas E. Mara 25,000(2) 2.1 22.625 5/19/06 0 192,400 436,400
Joseph A. Orlando 25,000(2) 2.1 22.625 5/19/06 0 192,400 436,400
H.E. Scruggs 20,000(2) 1.7 22.625 5/19/06 0 153,900 349,100

----------------------

(1) The warrants were granted pursuant to the Company's Senior Executive
Warrant Plan, as described below under "Report of the Compensation
Committee of the Board of Directors-Compensation of Messrs. Cumming and
Steinberg-Warrant Plan."

DEFR14A 13th Page of 27 TOC 1st Previous Next ↓Bottom Just 13th
(2) The options were granted pursuant to the Company's 1999 Stock Option
Plan, as amended, at an exercise price equal to the fair market value
of the Common Shares on the date of grant. The options become
exercisable at the rate of 20% per year commencing one year after date
of grant. The grant date of the options is May 19, 2000.

(3) The potential realizable values represent future opportunity and have
not been reduced to reflect the time value of money. The amounts shown
under these columns are the result of calculations at 0% and at the 5%
and 10% rates required by the Securities and Exchange Commission, and
are not intended to forecast future appreciation of the Common Shares
and are not necessarily indicative of the values that may be realized
by the named executive officers.

Aggregate Option/Warrant Exercises in 2000 and
Option/Warrant Values at Year End 2000

The following table provides information as to options and warrants
exercised by each of the named executives in 2000 and the value of options and
warrants held by such executives at year end measured in terms of the last
reported sale price for the Common Shares on December 29, 2000, the last day of
trading for the fiscal year ended December 31, 2000 ($35.4375, as reported on
the New York Stock Exchange ("NYSE") Composite Tape).

[Enlarge/Download Table]

Value of Unexercised
Number of Unexercised In-the-Money Options/
Options/Warrants Warrants at December
at December 31, 2000 31, 2000
-------------------- --------------------
Number of Shares
Underlying Options/ Exercisable/ Exercisable/
Name Warrants Exercised Value Realized Unexercisable Unexercisable
---- ------------------ -------------- ------------- -------------

Ian M. Cumming -- -- 370,000/0 $4,250,400(1)/$0
Joseph S. Steinberg -- -- 400,000/0 $4,595,000(1)/$0
Thomas E. Mara -- -- 0/25,000 $0/$320,300
Joseph A. Orlando -- -- 0/25,000 $0/$320,300
H.E. Scruggs -- -- 0/20,000 $0/$256,300

----------------------
(1) To the extent Mr. Cumming or Mr. Steinberg terminates his employment or
is terminated "for cause" prior to the second anniversary of the grant
date of these warrants and the warrants are exercised, penalty fees
will be imposed. See "Report of the Compensation Committee of the Board
of Directors-Compensation of Messrs.
Cumming and Steinberg-Warrant Plan."

Retirement Plan

The Company and certain of its affiliated companies maintain a
retirement plan, as amended and restated effective December 31, 1995 (the
"Retirement Plan"), for certain of its employees and employees of these
affiliated companies. The Retirement Plan is intended to qualify under the
provisions of Section 401 of the Internal Revenue Code of 1986, as amended (the
"Code"). Participants are not required to make any contributions under the
Retirement Plan. Benefit accruals under the Retirement Plan were frozen
effective December 31, 1998. Employees who were not participants in the
Retirement Plan on December 31, 1998 are not eligible to participate in the
Retirement Plan.

The Retirement Plan contains provisions for optional forms of payment
and provides that the normal form of benefit in the case of a married
participant is a benefit actuarially equivalent to an annuity for the life of
the participant payable in the form of a 50% joint and survivor annuity for the
participant and his spouse.

DEFR14A 14th Page of 27 TOC 1st Previous Next ↓Bottom Just 14th
Generally, a participant employed by the Company with 10 or more years
of service, who is age 55 or over, but less than age 65, and who has retired
from the Company or a participating affiliate, may elect to receive an early
retirement benefit. A participant with less than 10 years of service or who is
under age 55, who has terminated employment with the Company or a participating
affiliate, may elect to receive an early deferred vested benefit. The amount of
such benefits are actuarially reduced to reflect payment before age 65.

The projected annual retirement benefits under the Retirement Plan of
the executive officers named in the Summary Compensation Table, expressed in the
form of a straight-life annuity with no reduction for early commencement, and
assuming continuous employment until age 65, are estimated as follows:

Ian M. Cumming........................ $31,311*
Joseph S. Steinberg................... 31,311*
Thomas E. Mara........................ 31,311*
Joseph A. Orlando..................... 27,451*
H.E. Scruggs.......................... 10,344*

--------------------
* The benefits shown take into account limitations on plan benefits that exist
because of distributions received from a prior plan terminated as of December
31, 1988.

The Company and certain of its affiliated companies maintain a
401(k)/Profit Sharing Plan (the "Savings and Retirement Plan") for certain of
their employees. The Savings and Retirement Plan is entitled to qualify under
the provisions of the Code. Participants may make pre-tax and/or after-tax
contributions to the plan and the Company will match a portion of an eligible
participant's pre-tax contributions. The Savings and Retirement Plan also
provides a quarterly contribution for eligible participants equal to a
percentage of eligible compensation determined on the basis of age and service.

Employment Agreements

The Company has employment agreements with Messrs. Cumming and
Steinberg that provide for Mr. Cumming's employment as Chairman of the Board and
Chief Executive Officer of the Company and for Mr. Steinberg's employment as
President and Chief Operating Officer of the Company through June 30, 2005 at
annual salaries of $500,000 (subject to cost-of-living adjustments), plus such
additional compensation as may be voted by the Board of Directors of the
Company. Messrs. Cumming and Steinberg are entitled to participate in all
incentive plans of the Company and other subsidiary and affiliated companies,
and the Company has agreed to carry at its expense term life insurance policies
on their lives in the amount of $1,000,000 each, payable to such beneficiaries
as each of Messrs. Cumming and Steinberg shall designate. Under the agreements,
if there is a change in control of the Company and if either the employment of
Messrs. Cumming or Steinberg is terminated by the Company without cause or
Messrs. Cumming or Steinberg terminates his employment within one year of
certain occurrences (such as the appointment or election of another person to
his office, the occurrence of the aggregate compensation and other benefits to
be received by him for any twelve full calendar months falling below 115% of
that received by him during the comparable preceding period, or a change in the
location of his principal place of employment), Messrs. Cumming or Steinberg
will be entitled to receive a severance allowance equal to the remainder of the
aggregate annual salary (as adjusted for increases in the cost of living) that
he would have received under his employment agreement. In addition, the Company
or its successors will continue to carry through the scheduled termination of
the employment agreements the life insurance payable to the beneficiaries of
Messrs. Cumming and Steinberg.

For information concerning deferred compensation agreements between the
Company and Mr. Steinberg, see "Report of the Compensation Committee of the
Board of Directors" below.

DEFR14A 15th Page of 27 TOC 1st Previous Next ↓Bottom Just 15th
Compensation of Directors

Directors who are also employees of the Company receive no remuneration
for services as a member of the Board or any committee of the Board. In 2000,
each director who was not an employee of the Company received a retainer of
$24,000 plus $500 for each meeting of the Board and $300 for each meeting of a
committee of the Board ($400 if a committee chairman) that he attended. In
addition, under the terms of the 1999 Stock Option Plan, each non-employee
director is automatically granted options to purchase 1,000 Common Shares on the
date on which the annual meeting of the Company's shareholders is held each
year. The purchase price of the Common Shares covered by such options is the
fair market value of such Common Shares on the date of grant. As a result of
this provision, options to purchase 1,000 Common Shares at an exercise price of
$22.8125 per Common Share were awarded to each of Messrs. Paul M. Dougan,
Lawrence D. Glaubinger, James E. Jordan and Jesse Clyde Nichols, III on May 16,
2000. The 1999 Stock Option Plan also authorized the Board of Directors to make
a one-time discretionary grant to the non-employee directors of options to
purchase Common Shares in connection with the Dividend described in footnote (5)
to the Summary Compensation Table. Consequently, on May 16, 2000, the Board of
Directors awarded options to purchase 4,250, 3,000, 7,000 and 7,000 Common
Shares, respectively, at an exercise price of $22.8125 per Common Share to
Messrs. Dougan, Glaubinger, Jordan and Nichols. All such options become
exercisable at the rate of 25% per year commencing one year after the date of
grant.

For additional information, see "Certain Relationship and Related
Transactions" below.

Indemnification

Pursuant to contracts of insurance dated October 1, 2000 with National
Union Fire Insurance Company of Pittsburgh, Pennsylvania, 80 Pine Street, New
York, New York 10005, Twin City Insurance Company, 77 Water Street, New York,
New York 10005, and Greenwich Insurance Company, 755 Main Street, Hartford,
Connecticut 06103, the Company maintains a combined $30,000,000 indemnification
insurance policy covering all directors and officers of the Company and its
named subsidiaries. The annual premium for such insurance is approximately
$520,000. During 2000, no payments were received under the Company's
indemnification insurance.

Certain Relationships and Related Transactions

Pursuant to an agreement dated as of August 1, 1988 and restated as of
December 16, 1997, among the Company, Ian M. Cumming and Joseph S. Steinberg,
upon the death of either Mr. Cumming or Mr. Steinberg, the Company has agreed to
purchase from the respective estate up to 55% of his direct and/or indirect
interest in the Company, subject to reduction in certain circumstances, not to
exceed $50,000,000 in value. The agreement provides that Messrs. Cumming's and
Steinberg's interests in the Company will be valued at the higher of the average
closing price of the Common Shares on the New York Stock Exchange for the 40
trading days preceding the date of death or the net book value of the Common
Shares at the end of the fiscal quarter preceding the date of death. The Company
has agreed to fund the purchase of Common Shares pursuant to this Agreement by
purchasing and maintaining insurance on the life of each of Messrs. Cumming and
Steinberg in the aggregate face amount of $50,000,000 per individual. This
agreement, originally scheduled to expire in December 1997, was extended to June
2003 (subject to earlier termination in certain circumstances). The Company has
purchased the life insurance contemplated by this agreement, the premiums for
which aggregated approximately $350,000 in 2000. These amounts are not included
in the Summary Compensation Table appearing elsewhere in this Proxy Statement.

For additional information regarding related transactions, see
"Compensation Committee Interlocks and Insider Participation," below.

DEFR14A 16th Page of 27 TOC 1st Previous Next ↓Bottom Just 16th
Report of the Compensation Committee of the Board of Directors*

Compensation Policies for Executive Officers (other than Ian M. Cumming and
Joseph S. Steinberg)

The Employee Benefits Committee of the Board of Directors (the
"Committee"), consisting of Mr. Nichols (Chairman) and Mr. Jordan, each of whom
is a non-employee director, recommends to the Board of Directors the
compensation of Messrs. Cumming and Steinberg, Chairman of the Board and
President of the Company, respectively. The Option Committee of the Board of
Directors awards stock options upon the recommendation of Messrs. Cumming and
Steinberg. Salary and bonus compensation of executive officers of the Company
are determined by Messrs. Cumming and Steinberg under authority of the Board of
Directors.

The Company's compensation package for executive officers consists of
four basic elements: (1) base salary; (2) annual bonus compensation; (3)
long-term incentives in the form of stock options granted pursuant to the
Company's 1999 Stock Option Plan (the "Stock Option Plan"); and (4) retirement
benefits pursuant to the Company's Savings and Retirement Plan and, with respect
to eligible employees, the Retirement Plan. Other elements of compensation
include medical and life insurance benefits available to employees generally.

Each element of compensation has a different purpose. Salary and bonus
payments are designed mainly to reward current and past performance. Stock
options are primarily designed to provide strong incentive for superior
long-term future performance and are directly linked to shareholders' interests
because the value of the awards will increase or decrease based upon the future
price of the Common Shares. Retirement benefits generally are designed to reward
prior service.

Base compensation of executive officers is determined by Messrs.
Cumming and Steinberg consistent with the executive's office and level of
responsibility, with annual salary increases, which generally amount to a small
percentage of the executive's prior base salary, primarily reflecting cost of
living increases. However, where appropriate to reflect an executive's increase
in office and/or responsibility, annual salary increases may be significant.

The Company's executive compensation policy emphasizes performance
based compensation. Accordingly, a large percentage of annual compensation
consists of bonus compensation. This ensures that compensation paid to an
executive reflects the individual's specific contributions to the success of the
Company, as well as the level and degree of complexity involved in his
contributions to the Company (which historically often have involved
restructuring newly acquired enterprises, the success of which may not be
evident for several years). Bonus compensation is determined on the basis of
Messrs. Cumming's and Steinberg's subjective assessment of an executive's
performance, the Company's performance and each individual's contribution
thereto. Bonus compensation is not based on any specific formula.

The Company, by means of its Stock Option Plan, seeks to retain the
services of persons now holding key positions and to secure the services of
persons capable of filling such positions. From time to time, stock options may
be awarded which, under the terms of the Stock Option Plan permit the executive
officer or other employee to purchase Common Shares at not less than the fair
market value of the Common Shares on the date of grant. The extent to which the
employee realizes any gain is, therefore, directly related to increases in the
price of the Common Shares and hence, shareholder value, during the period of
the option. Options granted to executive officers generally become exercisable
at the rate of 20% per year, commencing one year after the date of grant. As
with base salary and bonuses, the amount of stock options awarded to an

----------
* The disclosure contained in this section of this Proxy Statement is not
incorporated by reference into any filings by the Company under the Securities
Act of 1933 or the Securities Exchange Act of 1934 that incorporate filings or
portions thereof (including this Proxy Statement or the "Executive Compensation"
section of this Proxy Statement) without specific reference to the incorporation
of this section of this Proxy Statement.

DEFR14A 17th Page of 27 TOC 1st Previous Next ↓Bottom Just 17th
executive officer is not based on any specific formula, but rather on a
subjective assessment of the executive's performance and the Company's
performance.

In connection with the special cash dividend declared by the Company on
April 1, 1999, and in order to comply with the terms of a ruling from the
Internal Revenue Service ("IRS") related to that dividend, the Company cancelled
all outstanding options under its 1992 Stock Option Plan and made cash payments
to the holders of those options. See footnote (5) of the Summary Compensation
Table above.

Under the provisions of Section 162(m) of the Code, the Company would
not be able to deduct compensation to its executive officers whose compensation
is required to be disclosed in the Company's proxy statement for such year in
excess of $1 million per year unless such compensation was within the definition
of "performance-based compensation" or meets certain other criteria. To qualify
as "performance-based compensation," in addition to certain other requirements,
compensation generally must be based on achieving certain pre-established
objective performance criteria. The Committee believes that ordinarily it is in
the best interest of the Company to retain maximum flexibility in its
compensation programs to enable it to appropriately reward, retain and attract
the executive talent necessary to the Company's success. To the extent such
goals can be met with compensation that is designed to be deductible under
Section 162(m), such as the Stock Option Plan and the Senior Executive Annual
Incentive Bonus Plan (described below), such compensation plans will be used.
However, the Committee recognizes that, in appropriate circumstances,
compensation that is not deductible under Section 162(m) may be paid in the
Committee's discretion.

The Company believes that the executive compensation program has
enabled it to attract, motivate and retain senior management by providing a
competitive total compensation opportunity based on performance. Base salaries,
combined with annual variable performance based bonus awards that reflect the
individual's level of responsibility, performance and contribution to the
Company are important elements of the Company's cash compensation philosophy.
Together with the Company's executive stock ownership, the Company's total
executive compensation program not only aligns the interest of executive
officers and shareholders, but also permits the Company to attract talented
senior management. Messrs. Cumming and Steinberg and the Board believe the
program strikes an appropriate balance between short- and long-term performance
objectives.

Compensation of Messrs. Cumming and Steinberg

The base compensation of Messrs. Ian M. Cumming and Joseph S.
Steinberg, Chairman of the Board and President of the Company, respectively, is
set pursuant to employment agreements between the Company and each of Messrs.
Cumming and Steinberg entered into as of December 28, 1993, that initially
covered the period from July 1, 1994 through June 30, 2003. As described below
under "--Warrant Plan," in consideration of the Board's consideration of the
Company's Senior Executive Warrant Plan (the "Warrant Plan"), the agreements
were extended to June 30, 2005. See "Employment Agreements." The base salaries
of Messrs. Cumming and Steinberg provided for in the current employment
agreements were determined by the Committee, which presented its recommendation
to the entire Board of Directors (with Messrs. Cumming and Steinberg abstaining)
and represents an increase over their prior base salaries, primarily reflecting
cost-of-living increases. The Committee reviews other compensation for each of
Messrs. Cumming and Steinberg and presents its recommendations thereon to the
entire Board of Directors.

Warrant Plan. On March 26, 1999, the Committee met to consider the
Warrant Plan, which provides for the issuance of warrants as an incentive for
future services to the Company from Messrs. Cumming and Steinberg, subject to
Shareholder approval. In determining whether to recommend approval of the
Warrant Plan to the Board of Directors, the Committee considered the specific
terms of the Warrant Plan, together with a variety of factors, including the
fact that (i) each of Messrs. Cumming and Steinberg is party to an employment
agreement with the Company, which provides for certain base salary and such
other compensation as may be granted by the Board of Directors; (ii) warrants
have been a part of the total compensation to Messrs. Cumming and Steinberg in
the past, first having been granted in 1979, together with the specific
characteristics of the prior warrants; (iii) warrants granted pursuant to the

DEFR14A 18th Page of 27 TOC 1st Previous Next ↓Bottom Just 18th
Warrant Plan would have an exercise price above the market price of the
underlying Common Shares on the date of issuance of the warrants, thereby
linking any appreciation in the value of the warrants to an increase in the
market price of the underlying Common Shares and would contain such restrictions
on vesting as determined by the Committee; and (iv) certain tax considerations,
including that warrants granted pursuant to the Warrant Plan would be designed
to conform with the provisions of Section 162(m) to qualify as deductible
compensation. The Committee noted that the existing employment agreements of
Messrs. Cumming and Steinberg would expire on June 30, 2003, almost one year
before the earliest expiration date for the warrants issuable under the Warrant
Plan. The Committee also noted that Messrs. Cumming and Steinberg would agree to
extend the term of their respective employment agreements through June 30, 2005
in consideration for the Board's consideration of the Warrant Plan. The
Committee believed that warrants issuable under the Warrant Plan would be
structured to be an incentive to future services to the Company while providing
Messrs. Cumming and Steinberg with the opportunity to share in any future
increases in the market value of the Company. In order to comply with the
provisions of the IRS ruling received in connection with the Dividend, the
Warrant Plan did not permit the grant of any warrants prior to the payment date
of the Dividend. Based upon the foregoing, the Committee unanimously recommended
to the Board of Directors that the Warrant Plan be approved, subject to
Shareholder approval.

Thereafter, on April 1, 1999, based upon the Committee's recommendation
and the factors considered by the Committee, the Board of Directors approved
(with Messrs. Cumming and Steinberg abstaining) the Warrant Plan, subject to
Shareholder approval. The Warrant Plan was approved by the Shareholders at the
1999 Annual Meeting.

On May 16, 2000, the Committee met to consider a grant of warrants
under the Warrant Plan to each of Messrs. Cumming and Steinberg. The Committee
determined to grant to each of Messrs. Cumming and Steinberg (each an
"Executive") warrants to purchase 400,000 Common Shares at an exercise price
equal to $23.95 per share (105% of the closing price per share of a Common Share
on the date the warrants were granted by the Company).

The Committee noted that under the terms of the Warrant Plan, the
vesting provisions of the warrants were to be determined by the Committee. The
Committee first considered a vesting schedule where warrants would not be
exercisable for the first year after grant, and thereafter would vest in two
equal tranches on the first and second anniversary of the date of grant.
However, to provide Messrs. Cumming and Steinberg with estate planning
flexibility, the Committee considered an alternative to staggered vesting under
which the warrants would vest 100% on the date of grant, with a penalty fee
being imposed on Mr. Cumming or Mr. Steinberg if he terminates his employment
with the Company or is terminated "for cause" as defined in his employment
contract (a "Termination") prior to the first or second anniversary of the date
of grant and the warrant is exercised (either before or after the Termination).
The Committee determined that this alternative to staggered vesting, combined
with Messrs. Cumming and Steinberg's prior agreement to extend the term of their
respective employment agreements to June 30, 2005 (resulting in continued
employment of Messrs. Cumming and Steinberg under their employment agreements
through the expiration date of the warrants), provided an incentive to future
service to the Company by each of Messrs. Cumming and Steinberg and, therefore,
would be acceptable to the Company. Consequently, the Committee authorized 100%
of the warrants to vest on May 16, 2000 (the date of grant). However, if
warrants are exercised and a Termination occurs after May 16, 2000 and prior to
May 16, 2001, in addition to payment of the warrant exercise price by the
warrant holder, Mr. Cumming or Mr. Steinberg, as the case may be, will pay a
penalty fee to the Company equal to the product of (x) the difference between
the closing price of a Common Share on the date immediately prior to the date of
Termination minus the warrant exercise price (as it may be adjusted under the
terms of the warrants) multiplied by (y) 100% of the number of Common Shares to
be issued upon such exercise. Furthermore, if a Termination occurs after May 16,
2001 and prior to May 16, 2002, upon exercise of the warrants at any time, in
addition to payment of the warrant exercise price by the warrant holder, Mr.
Cumming or Mr. Steinberg, as the case may be, will pay a penalty fee to the
Company equal to the product of (x) the difference between the closing price of
a Common Share on the date immediately prior to the date of Termination minus
the warrant exercise price (as it may be adjusted under the terms of the
warrants) multiplied by (y) 50% of the number of Common Shares to be issued upon
such exercise.

DEFR14A 19th Page of 27 TOC 1st Previous Next ↓Bottom Just 19th
Deferred Compensation Agreements. In December 1998, pursuant to Board
approval, the Company and Mr. Steinberg entered into a Deferred Compensation
Agreement that deferred all compensation payable by the Company to Mr. Steinberg
for the calendar year ending December 31, 1999 (the "1999 Compensation"). Mr.
Steinberg's 1999 Compensation accrued interest at a rate equal to the one year
treasury bill rate in effect, resettable quarterly and was paid to Mr. Steinberg
in March 2000 in accordance with the terms of the agreement.

The agreement also provided that Mr. Steinberg would reimburse the
Company for the dollar value of any benefit provided by the Company to Mr.
Steinberg during 1999, which in the absence of this reimbursement obligation
would have been taxable as compensation to Mr. Steinberg (the "Benefits").
During 1999, Mr. Steinberg reimbursed the Company $239,041 for these Benefits.
In December 1999, upon the recommendation of the Committee, the Board of
Directors awarded additional compensation to Mr. Steinberg of $239,041. This
award was made in recognition of the fact that Mr. Steinberg's reimbursement of
the value for tax purposes of the 1999 Benefits created a circumstance in which
Mr. Steinberg's 1999 Compensation for tax purposes would not be comparable to
his compensation for tax purposes for years prior to 1999, where Mr. Steinberg
did not pay for Benefits, and would not be on par with the compensation for tax
purposes paid to Mr. Cumming in 1999 (or in prior years). To alleviate this
inequality in compensation, the Committee recommended that Mr. Steinberg be paid
the additional compensation for 1999 as described above. This amount is not
reflected in the Summary Compensation Table included above. Instead, the table
reflects the higher valuation for these Benefits valued in accordance with the
disclosure rules of the Securities and Exchange Commission.

In December 1999, Mr. Steinberg and the Company entered into another
Deferred Compensation Agreement containing the same terms with respect to
compensation payable to Mr. Steinberg by the Company for the calendar year
ending December 31, 2000. During 2000, Mr. Steinberg reimbursed the Company
$406,055 for Benefits provided by the Company to him during 2000. In December
2000, the Board of Directors awarded additional compensation to Mr. Steinberg of
$406,055 to alleviate the inequality in compensation created by Mr. Steinberg's
reimbursement of the value for tax purposes of the 2000 Benefits. The Summary
Compensation Table reports Mr. Steinberg's compensation for 2000 in the same
manner as for 1999, as described above.

1999 Performance Bonus. In May 2000, in connection with the 2000 Annual
Shareholders Meeting, the Committee met to consider 1999 performance bonuses for
Messrs. Cumming and Steinberg. In doing so, the Committee considered awards to
which Messrs. Cumming and Steinberg were entitled under the Senior Executive
Annual Incentive Bonus Plan.

The Incentive Bonus Plan provides for annual incentive cash bonuses to
be paid to Messrs. Cumming and Steinberg, provided certain performance goals are
attained. The Incentive Bonus Plan directly links the annual incentive bonus of
Messrs. Cumming and Steinberg with the performance of the Company, while
providing the Committee the flexibility to reduce the amounts to be paid
thereunder.

The Incentive Bonus Plan is designed so that the cash bonuses awarded
thereunder will qualify as "performance-based compensation" under Section 162(m)
of the Code, which limits to $1 million per employee per year the deductibility
of non-performance based compensation payable to each of the Company's five most
highly compensated executive officers. To qualify as "performance-based
compensation," compensation generally must be paid pursuant to a pre-established
objective performance criterion or standard that precludes the exercise of
discretion to increase the amount of compensation payable upon the attainment of
the performance goal. The Incentive Bonus Plan is designed to comply with such
standard.

The Incentive Bonus Plan provides for annual incentive bonuses to be
paid to each of Messrs. Cumming and Steinberg in an amount equal to 1% of the
audited pre-tax earnings of the Company and its consolidated subsidiaries for
each of the five fiscal years commencing 1998. The amount of the annual
incentive bonus awarded to each participant in any given year is subject to
reduction by the Committee, in its sole discretion. No amounts were awarded to
Messrs. Cumming or Steinberg for 1998. Payments under the Incentive Bonus Plan

DEFR14A 20th Page of 27 TOC 1st Previous Next ↓Bottom Just 20th
will be made in cash following written certification by the Committee as to the
amount of the annual incentive bonus for any given year.

The Committee has discretion, where appropriate, to pay additional
bonuses to Messrs. Cumming and Steinberg outside the Incentive Bonus Plan. In
such event, the Committee will consider amounts paid to Messrs. Cumming and
Steinberg under the Incentive Bonus Plan. To the extent that the Committee
determines to award performance bonuses for a given year outside the Incentive
Bonus Plan, such compensation may not be deemed to be performance-based
compensation.

Pursuant to the Incentive Bonus Plan, each of Messrs. Cumming and
Steinberg was entitled to a 1999 performance bonus of $2,603,670, constituting
1% of the pre-tax earnings of the Company and its consolidated subsidiaries as
reported on the Company's audited consolidated financial statements. The
Committee determined that such awards were appropriate and did not reduce the
amount of the awards. Thereafter, as required by the Incentive Bonus Plan, the
Committee certified in writing 1999 performance bonuses of $2,603,670 to each of
Messrs. Cumming and Steinberg.

2000 Performance Bonus. The Committee and the Board of Directors intend
to consider the 2000 performance bonus for each of Messrs. Cumming and Steinberg
at the 2001 organizational meeting of the Board following the Meeting. In so
doing, the Committee intends to consider any awards to be made under the
Incentive Bonus Plan.

The Committee consists of Jesse Clyde Nichols, III, Chairman and James
E. Jordan.

Compliance with Section 16(a) of the Securities Exchange Act of 1934

Section 16(a) of the Securities Exchange Act of 1934 requires the
Company's executive officers and directors, and persons who beneficially own
more than ten percent of a registered class of the Company's equity securities,
to file reports of ownership and changes in ownership with the Securities and
Exchange Commission, the New York Stock Exchange and the Pacific Stock Exchange.
Based solely upon a review of the copies of such forms furnished to the Company
and written representations from the Company's executive officers, directors and
greater than 10% beneficial shareholders, the Company believes that during the
year ended December 31, 2000, all persons subject to the reporting requirements
of Section 16(a) filed the required reports on a timely basis.

DEFR14A 21st Page of 27 TOC 1st Previous Next ↓Bottom Just 21st
Shareholder Return Performance Graph**

Set forth below is a graph comparing the cumulative total shareholder
return on Common Shares against cumulative total return of the Standard & Poor's
500 Stock Index (the "S&P 500 Index") and the Standard & Poor's Financial
(Multi-Line Insurance Companies) Index (the "S&P Insurance Index") for the
five-year period commencing December 31, 1995 (as required by the Securities and
Exchange Commission). The data was furnished by Standard & Poor's Compustat
Services, Inc.

Comparison of Five-Year Cumulative Total Return of the Company, S&P 500 Index
and S&P Insurance Index

The following graph assumes that $100 was invested on December 31, 1995
in each of the Common Shares, the S&P 500 Index and the S&P Insurance Index and
that all dividends were reinvested.

INDEXED RETURNS
Base Years Ending
Period
Company/Index Dec95 Dec96 Dec97 Dec98 Dec99 Dec00
---------------------------------------------------------------------------
THE COMPANY 100 108.00 140.30 128.10 158.22 244.17
S&P 500 INDEX 100 122.96 163.98 210.85 255.21 231.98
S&P INSURANCE INDEX 100 126.80 193.41 213.07 271.47 381.92

----------
** The disclosure contained in this section of the Proxy Statement is not
incorporated by reference into any prior filings by the Company under the
Securities Act of 1933 or the Securities Exchange Act of 1934 that incorporated
future filings or portions thereof (including this Proxy Statement or the
"Executive Compensation" section of this Proxy Statement).

DEFR14A 22nd Page of 27 TOC 1st Previous Next ↓Bottom Just 22nd
AUDIT COMMITTEE REPORT

The following is the report of the Company's Audit Committee with
respect to the Company's audited financial statements for the fiscal year ended
December 31, 2000.

Review with Management

The Audit Committee reviewed and discussed the Company's audited
financial statements with management.

Review and Discussions with Independent Auditors

The Audit Committee discussed with PricewaterhouseCoopers LLP, the
Company's independent auditors, the matters required to be discussed by
Statement on Auditing Standards No. 61 (Communication with Audit Committees)
regarding the auditor's judgments about the quality of the Company's accounting
principles as applied in its financial reporting.

The Audit Committee also received the written disclosures and the
letter from PricewaterhouseCoopers LLP required by Independence Standards Board
Standard No. 1 (Independence Discussions with Audit Committees), and has
discussed with PricewaterhouseCoopers LLP their independence.

Conclusion

Based upon the review and discussions referred to above, the Audit
Committee recommended to the Board of Directors that its audited consolidated
financial statements be included in the Company's Annual Report on Form 10-K for
the year ended December 31, 2000 for filing with the Securities and Exchange
Commission.

Submitted by the Audit Committee of the Board of Directors

James E. Jordan, Chairman
Jesse Clyde Nichols, III
Lawrence D. Glaubinger

The information contained in the foregoing report shall not be deemed
to be "soliciting material" or to be "filed" with the Securities and Exchange
Commission, nor shall such information be incorporated by reference into any
future filing under the Securities Act of 1933 or the Securities Exchange Act of
1934, except to the extent that the Company specifically incorporates it by
reference in such filing.

INDEPENDENT ACCOUNTING FIRM FEES

The following table sets forth the aggregate fees billed to the Company
for the fiscal year ended December 31, 2000 by the Company's independent
accounting firm, PricewaterhouseCoopers LLP:

Audit Fees.................................. $1,692,000
Financial Information Systems
Design and Implementation Fees......... 35,000
All Other Fees.............................. 1,432,000 (a)(b)
----------
$3,159,000
==========
--------------------
(a) Includes fees for tax consulting and other non-audit services.

(b) The Audit Committee has considered whether the provision of these
services is compatible with the maintenance of the accountant's
independence.

DEFR14A 23rd Page of 27 TOC 1st Previous Next ↓Bottom Just 23rd
RATIFICATION OF SELECTION OF INDEPENDENT AUDITORS

The Board of Directors recommends that the Shareholders ratify the
selection of PricewaterhouseCoopers LLP, certified public accountants, as
independent auditors to audit the accounts of the Company and its subsidiaries
for 2001. The selection of PricewaterhouseCoopers LLP was recommended to the
Board of Directors by its Audit Committee. PricewaterhouseCoopers LLP are
currently independent auditors for the Company.

The Board of Directors recommends a vote FOR this proposal.

ANNUAL REPORT

A copy of the Company's 2000 Annual Report to Shareholders is being
furnished to Shareholders concurrently herewith.

PROPOSALS BY SHAREHOLDERS

Proposals that Shareholders wish to include in the Company's Proxy
Statement and form of proxy for presentation at the Company's 2002 Annual
Meeting of Shareholders must be received by the Company at 315 Park Avenue
South, New York, New York 10010, Attention of Laura E. Ulbrandt, Secretary, no
later than January 15, 2002.

Any such proposal must be in accordance with the rules and regulations
of the Securities and Exchange Commission. With respect to proposals submitted
by a Shareholder other than for inclusion in the Company's 2002 Proxy Statement
and related form of proxy, timely notice of any such proposal must be received
by the Company in accordance with the By-Laws and the rules and regulations of
the Company no later than January 15, 2002. Any proxies solicited by the Board
of Directors for the 2002 Annual Meeting may confer discretionary authority to
vote on any proposals notice of which is not timely received.

It is important that your proxy be returned promptly, whether by mail,
by the Internet or by telephone. The proxy may be revoked at any time by you
before it is exercised. If you attend the meeting in person, you may withdraw
any proxy (including an Internet or telephonic proxy) and vote your own shares.

By Order of the Board of Directors

Laura E. Ulbrandt
Secretary

DEFR14A 24th Page of 27 TOC 1st Previous Next ↓Bottom Just 24th
ANNEX A

LEUCADIA NATIONAL CORPORATION

Audit Committee Charter

Purpose

The primary purpose of the Audit Committee (the "Committee") is to
assist the Board of Directors (the "Board") in fulfilling its responsibility to
oversee management's conduct of the Company's financial reporting process,
including by overviewing (i) the financial reports and other financial
information provided by the Company to governmental or regulatory bodies, the
public or other users, (ii) the Company's systems of internal accounting and
financial controls and (iii) the annual independent audit of the Company's
financial statements.

In discharging its oversight role, the Committee is empowered to
investigate any matter brought to its attention. The Committee shall have full
access to all books, records, facilities and personnel of the Company and shall
have the power to retain outside counsel, auditors or other experts when
necessary. The Board and the Committee are in place to represent the Company's
shareholders; accordingly, the outside auditor is ultimately accountable to the
Board and the Committee.

While the Audit Committee has the responsibilities and powers set forth
in this Charter, it is not the duty of the Audit Committee to plan or conduct
audits or to determine that the Company's financial statements are complete and
accurate and are in accordance with generally accepted accounting principles.
This is the responsibility of management and the independent auditor. Nor is it
the duty of the Audit Committee to conduct investigations, to resolve
disagreements, if any, between management and the independent auditor or to
assure compliance with laws and regulations.

The Committee shall review the adequacy of this Charter on an annual
basis.

Membership

The Committee shall be comprised of not less than three members of the
Board, and the Committee's composition will meet the requirements of the Audit
Committee Policy of the New York Stock Exchange.

Accordingly, all members of the Committee will be directors:

1. who have no relationship to the Company that may interfere with the
exercise of their independence from management and the Company (except
as permitted by New York Stock Exchange rules); and

2. who are financially literate or who become financially literate within
a reasonable period of time after appointment to the Committee. In
addition, at least one member of the Committee will have accounting or
related financial management expertise.

Key Responsibilities

The Committee's job is one of oversight. The Company's management is
responsible for preparing the Company's financial statements and the outside
auditors are responsible for auditing those financial statements. The Committee
recognizes that financial management and the outside auditors have more time,
knowledge and detailed information regarding the Company than do Committee
members. Accordingly, in carrying out its oversight responsibilities, the

A-1

DEFR14A 25th Page of 27 TOC 1st Previous Next ↓Bottom Just 25th
Committee will not provide any expert or special assurance as to the Company's
financial statements or any professional certification as to the outside
auditor's work.

The following functions shall be the common recurring activities of the
Committee in carrying out its oversight function. These functions are set forth
as a guide with the understanding that the Committee may diverge from this guide
as appropriate given the circumstances.

o The Committee shall review with management and the outside auditors the
audited financial statements to be included in the Company's Annual
Report on Form 10-K (or the Annual Report to Shareholders if
distributed prior to the filing of Form 10-K) and review and consider
with the outside auditors the matters required to be discussed by
Statement of Auditing Standards ("SAS") No. 61, as such statement may
be amended from time to time, including, without limitation, the
amendments contained in SAS No. 90.

o As a whole, or through the Committee chair, the Committee shall review
with the outside auditors the Company's interim financial results to be
included in the Company's quarterly reports to be filed with the
Securities and Exchange Commission and the matters required to be
discussed by SAS No. 61 and 90; this review will occur prior to the
Company's filing of the Form 10-Q.

o The Committee shall discuss with management and the outside auditors
the quality and adequacy of the Company's internal controls.

o The Committee shall:

o request from the outside auditors annually, a formal written
statement delineating all relationships between the auditor
and the Company consistent with Independence Standards Board
Standard Number 1;

o discuss with the outside auditors any such disclosed
relationships and their impact on the outside auditor's
independence; and

o recommend that the Board take appropriate action in response
to the outside auditor's report to satisfy itself of the
auditor's independence.

o The Committee, subject to any action that may be taken by the full
Board, shall have the ultimate authority and responsibility to select
(or nominate for shareholder approval), evaluate and, where
appropriate, replace the outside auditor.

A-2

DEFR14A 26th Page of 27 TOC 1st Previous Next ↓Bottom Just 26th
ANNUAL MEETING OF SHAREHOLDERS OF

LEUCADIA NATIONAL CORPORATION

June 6, 2001

PROXY VOTING INSTRUCTIONS

TO VOTE BY MAIL
---------------

Please date, sign and mail your proxy card in the envelope provided as soon as
possible.

TO VOTE BY TELEPHONE (TOUCH-TONE PHONE ONLY)
--------------------------------------------

Please call toll-free 1-800-PROXIES and follow the instructions. Have your
control number and the proxy card available when you call.

TO VOTE BY INTERNET.
--------------------

Please access the web page at www.voteproxy.com and follow the on-screen
instructions. Have your control number available when you access the web page.

----------------------------
YOUR CONTROL NUMBER IS [graphic]
----------------------------

Please Detach and Mail in the Envelope Provided

--------------------------------------------------------------------------------

PROXY

LEUCADIA NATIONAL CORPORATION

Proxy Solicited on Behalf of the Board of Directors for Annual
Meeting of Shareholders, June 6, 2001 at 10:00 A.M.

The undersigned shareholder of Leucadia National Corporation
(the "Company") hereby appoints Ian M. Cumming, Joseph S. Steinberg and Laura E.
Ulbrandt and each of them, as attorneys and proxies, each with power of
substitution and revocation, to represent the undersigned at the Annual Meeting
of Shareholders of Leucadia National Corporation to be held at Credit Suisse
First Boston, 11 Madison Avenue, Level 2B Auditorium, New York, New York on June
6, 2001 at 10:00 a.m., and at any adjournment or postponement thereof, with
authority to vote all shares held or owned by the undersigned in accordance with
the directions indicated herein.

Receipt of the Notice of Annual Meeting of Shareholders dated
May 15, 2001, the Proxy Statement furnished herewith, and a copy of the Annual
Report to Shareholders for the year ended December 31, 2000 is hereby
acknowledged.

THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER
DIRECTED BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY
WILL BE VOTED FOR ITEMS 1 AND 2 AND PURSUANT TO ITEM 3.

(Continued and to be signed on the reverse side)

DEFR14A Last Page of 27 TOC 1st Previous Next ↓Bottom Just 27th
Please date, sign and mail your
proxy card back as soon as possible!

Annual Meeting of Shareholders

LEUCADIA NATIONAL CORPORATION

June 6, 2001

[Graphic] Please Detach and Mail in the Envelope Provided [Graphic]

--------------------------------------------------------------------------------

[X] Please mark your vote as in this example

[Enlarge/Download Table]

Item 1. Election of Directors. THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR THE
NOMINEES LISTED BELOW AND FOR PROPOSAL 2 AND PURSUANT TO ITEM 3.

FOR all nominees listed on the WITHHOLD AUTHORITY to vote for all NOMINEES: Ian M. Cumming, Paul M. Dougan,
right (except as marked to the nominees listed to the right. Lawrence D. Glaubinger, James E. Jordan, Jesse
contrary hereon). Clyde Nichols, III and Joseph S. Steinberg.

[ ] [ ]

(Instructions: To withhold authority to vote for any
individual nominee write that nominee's name in the space
provided below.)

----------------------------------------------
Item 2. Ratification of the selection of PricewaterhouseCoopers LLP as
independent auditors of Leucadia for 2001.

FOR AGAINST ABSTAIN

[ ] [ ] [ ]

Item 3. In their discretion, the Proxies are authorized to vote upon such other
business as may properly be presented to the meeting or any adjournment of the
Meeting.

(Signature) (Signature if held jointly) Dated: , 2001
------------------------ ------------------------- ----------

NOTE: The signature should agree with the name on your stock certificate. If
acting as NOTE attorney, executor, administrator, trustee, guardian, etc., you
should so indicate when signing. If the signer is a corporation, please sign the
full corporate name by duly authorized officer. If shares are held jointly, each
shareholder should sign.

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘DEFR14A’ Filing	Date	First	Last	Other Filings

	6/30/05	14	18	10-Q, 13F-HR
	6/30/03	17	18	10-Q
	5/16/02	18
	1/15/02	23
	12/31/01	2	3	10-K
	6/6/01	2	27
	5/16/01	18
Filed on:	5/15/01	2	26
	4/11/01	2	10
	12/31/00	13	26	10-K/A, 10-K405, 10-K405/A
	12/29/00	13
	10/1/00	15
	5/19/00	13
	5/16/00	15	18
	3/6/00	12
	12/31/99	19		10-K, 10-K/A
	4/14/99	12
	4/12/99	12
	4/1/99	12	18	8-K
	3/26/99	17
	12/31/98	13		10-K
	12/16/97	15
	12/31/95	13	21	10-K
	7/1/94	17		DEF 14A
	12/28/93	17
	12/1/92	9
				List all Filings

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Filing Submission 0000909518-01-500073 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Leucadia National Corp – ‘DEFR14A’ on 5/15/01

On: Tuesday, 5/15/01, at 11:10am ET · Accession #: 909518-1-500073 · File #: 1-05721

Revised Definitive Proxy Solicitation Material — Schedule 14AFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Revised Definitive Proxy Solicitation Material — Schedule 14A
Filing Table of Contents