SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant[X] Filed by a Party other than the Registrant[ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy Statement [X] Definitive Additional Materials [ ] Soliciting Material Pursuant to 240.14a-11(c) or 240.14a-12 CHESAPEAKE UTILITIES 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): [ ] $125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-6(i)(1), 14a-6(i)(2) or Item 22(a)(2) of Schedule 14A. [ ] $500 per each party to the controversy pursuant to Exchange Act Rule 14a-6(i)(3). [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. 1) Title of each class of securities to which transaction applies: 2) Aggregate number of securities to which transaction applies: 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): 4) Proposed maximum aggregate value of transaction: 5) Total fee paid: [X] Fee paid previously with preliminary materials. [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. 1) Amount Previously Paid: 2) Form, Schedule or Registration Statement No.: 3) Filing Party: 4) Date Filed: Notes: Payment was made originally with the Definitive Proxy Statement, not with preliminary materials. This additional information is being filed with the SEC due to a problem with the printed material that was sent to shareholders. A portion of a page was missing and has been re-sent. The original filing (accession number 0000950109-96-1974) included the information missing from the printed material. NOTICE OF ERRATUM: THIS PAGE IS TO BE SUBSTITUTED FOR PAGE 9 OF CHESAPEAKE UTILITIES CORPORATION'S PROXY STATEMENT MAILED TO YOU ON APRIL 8, 1996. WE APOLOGIZE FOR ANY INCONVENIENCE. PENSION PLAN TABLE
VALUE OF UNEXERCISED NUMBER OF SHARES UNDERLYING IN-THE-MONEY UNEXERCISED OPTIONS/SAR'S OPTIONS/SAR'S SHARES AT FY-END (#) AT FY-END ($) ACQUIRED ON VALUE ------------------------- ------------------------- NAME EXERCISE(#) REALIZED($) EXERCISABLE UNEXERCISABLE EXERCISABLE UNEXERCISABLE - ------------------- ----------- ----------- ----------- ------------- ----------- ------------- Ralph J. Adkins 0 0 32,940 19,161 61,762 38,322 John R. Schimkaitis 0 0 20,280 11,223 38,025 22,446 Philip S. Barefoot 0 0 0 6,630 0 13,260 Jeremy D. West 0 0 14,925 7,892 27,984 15,784 The above table sets forth the estimated annual retirement benefits payable under the Company's retirement plan to its regular employees, including officers, in the final average earnings and years of service classifications indicated. The retirement plan is funded solely by the Company. Benefits normally are paid in the form of a straight life annuity or joint and survivor annuity and are not subject to any deduction for Social Security or other offset amounts. Annual compensation used to determine final average earnings under the plan includes salary, as set forth in the Summary Compensation Table, commissions, and, with respect to employees earning a salary less than a stated amount (which for 1995 was $66,000), bonus payments. Compensation covered by the plan for 1995 was as follows: Mr. Adkins - $219,500; Mr. Schimkaitis - $152,250; Mr. Barefoot - $102,000; and Mr. West - $128,500. The calculation of benefits under the plan generally is based on average earnings for the highest five consecutive years of the ten years preceding retirement.
FINAL YEARS OF SERVICE AT NORMAL RETIREMENT AGE AVERAGE -------------------------------------------------------------------- EARNINGS 15 20 25 30 35 40 - -------- -------- -------- -------- -------- -------- -------- $100,000 $26,444 $35,259 $44,074 $52,889 $61,704 $61,704 $125,000 $33,663 $44,884 $56,105 $67,326 $78,547 $78,547 $150,000 $40,882 $54,509 $68,137 $81,764 $95,391 $95,391 $175,000 $48,101 $64,134 $80,168 $96,201 $112,235 $112,235 $200,000 $55,319 $73,759 $92,199 $110,639 $129,079 $129,079 $225,000 $62,538 $83,384 $104,230 $125,076 $145,922 $145,922 $250,000 $69,757 $93,009 $116,262 $139,514 $162,766 $162,766 $275,000 $76,976 $102,634 $128,293 $153,951 $179,610 $179,610 $300,000 $84,194 $112,259 $140,324 $168,389 $196,454 $196,454