Loews
Corporation
|
N/A
|
(1) Title
of each class of securities to which transaction
applies: N/A
|
(2) Aggregate
number of securities to which transaction
applies: N/A
|
the
amount on which the filing fee is calculated and state how it was
determined): N/A
|
(4) Proposed
maximum aggregate value of
transaction: N/A
|
(5) Total
fee paid: N/A
|
(1) Amount
previously paid: N/A
|
(2) Form,
Schedule or Registration Statement
No.: N/A
|
(3) Filing
party: N/A
|
(4) Date
filed: N/A
|
|
·
|
To
elect eleven directors;
|
|
·
|
To
ratify the appointment of our independent auditors for
2009;
|
|
·
|
To
approve a proposed amendment to simplify and update our
charter;
|
|
·
|
To
consider and act upon one shareholder proposal;
and
|
|
·
|
To
transact such other business as may properly come before the meeting or
any adjournment thereof.
|
By
order of the Board of Directors,
|
||
|
||
GARY
W. GARSON
|
||
Secretary
|
||
|
|
|
|
|
|
Dated:
|
March
[ ], 2009
|
|
PRELIMINARY
COPY
|
||
SUBJECT
TO COMPLETION
|
||
|
||
|
||
|
||
LOEWS
|
||
CORPORATION
|
||
PROXY
STATEMENT
|
||
|
Amount
|
Percent
|
|
||||||||
Name and Address
|
Beneficially Owned
|
of Class
|
|||||||||
Davis
Selected Advisers, L.P. (1)
|
|
46,906,457
|
|
10.8
|
%
|
|
|||||
2949
Elvira Road, Suite 101
|
|||||||||||
Tucson,
AZ 85706
|
|||||||||||
Joan
H. Tisch (2)(3)
|
41,341,744
|
9.5
|
|||||||||
c/o
Barry L. Bloom
|
|||||||||||
655
Madison Avenue
|
|||||||||||
New
York, NY 10065
|
|||||||||||
Wilma
S. Tisch (3)(4)
|
29,308,031
|
6.7
|
|||||||||
c/o
Barry L. Bloom
|
|||||||||||
655
Madison Avenue
|
|||||||||||
New
York, NY 10065
|
|
Amount
Beneficially
|
Percent
|
||||||
Name
|
Owned (1)
|
of Class
|
||||||
|
|
|||||||
|
Ann
E. Berman
|
31,200
|
(2)
|
*
|
|
|||
Joseph
L. Bower
|
40,500
|
(3)
|
*
|
|
||||
Charles
M. Diker
|
35,100
|
(4)
|
*
|
|
||||
David
B. Edelson
|
112,499
|
(5)
|
*
|
|
||||
Paul
J. Fribourg
|
44,100
|
(3)
|
*
|
|
||||
Walter
L. Harris
|
30,000
|
(6)
|
*
|
|||||
Peter
W. Keegan
|
247,500
|
(3)
|
*
|
|||||
Philip
A. Laskawy
|
40,500
|
(7)
|
*
|
|||||
Ken
Miller
|
15,000
|
(8)
|
*
|
|||||
Gloria
R. Scott
|
16,500
|
(3)
|
*
|
|||||
Andrew
H. Tisch
|
14,736,816
|
(9)
|
3.4%
|
|||||
James
S. Tisch
|
15,223,913
|
(10)
|
3.5%
|
|||||
Jonathan
M. Tisch
|
8,341,929
|
(11)
|
1.9%
|
|||||
All
executive officers and directors as
|
39,452,836
|
(12)
|
9.0%
|
|||||
a
group (16 persons including those
|
|
|
||||||
listed
above)
|
|
|
|
·
|
during
the past three years the director has been an employee, or an immediate
family member has been an executive officer, of the
Company;
|
|
·
|
the
director or an immediate family member received, during any twelve month
period within the past three years, more than $120,000 in direct
compensation from the Company, excluding director and committee fees,
pension payments and certain forms of deferred
compensation;
|
|
·
|
the
director is a current partner or employee or an immediate family member is
a current partner of a firm that is the Company’s internal or external
auditor, or an immediate family member is a current employee of such a
firm and personally works on the Company’s audit, or, within the last
three years, the director or an immediate family member was a partner or
employee of such a firm and personally worked on the Company’s audit
within that time;
|
|
·
|
the
director or an immediate family member has at any time during the past
three years been employed as an executive officer of another company where
any of the Company’s present executive officers at the same time serves or
served on that company’s compensation committee;
or
|
|
·
|
the
director is a current employee, or an immediate family member is a current
executive officer, of a company that has made payments to, or received
payments from, the Company for property or services in an amount which, in
any of the last three years, exceeds the greater of $1 million, or 2% of
the other company’s consolidated gross
revenues.
|
|
Fees
Earned
|
|
||||
|
or
Paid in
|
Option/SAR
|
|
|||
|
Name
|
Cash
|
Awards
(1)
|
Total
|
|
|
A.E.
Berman
|
$87,000
|
|
$93,062
|
|
$180,062
|
|
|
|
|
|||||||
|
J.L.
Bower
|
81,000
|
93,062
|
174,062
|
|
|||
|
|
|||||||
|
C.M.
Diker
|
90,000
|
93,062
|
183,062
|
|
|||
|
|
|||||||
|
P.J.
Fribourg
|
93,000
|
93,062
|
186,062
|
|
|||
|
|
|||||||
|
W.L.
Harris
|
90,000
|
93,062
|
183,062
|
|
|||
|
|
|||||||
|
P.A.
Laskawy
|
85,000
|
93,062
|
178,062
|
|
|||
|
K.
Miller
|
37,500
|
46,928
|
84,428
|
|
|||
|
|
|||||||
|
G.R.
Scott
|
90,000
|
93,062
|
183,062
|
|
Walter
L. Harris, Chairman
|
Paul
J. Fribourg
|
Ann
E. Berman
|
Philip
A. Laskawy
|
Joseph
L. Bower
|
Ken
Miller
|
Charles
M. Diker
|
Gloria
R. Scott
|
|
·
|
base
salary;
|
|
·
|
cash-based
incentive compensation awards;
|
|
·
|
grants
of stock appreciation rights; and
|
|
·
|
retirement,
medical and related benefits.
|
|
·
|
The
effect of accounting changes;
|
|
·
|
Net
losses attributed to the impairment of
goodwill;
|
|
·
|
Net
losses attributed to any charges resulting from application of the Full
Cost Ceiling Limitation in relation to valuation of proved reserves at our
subsidiary, HighMount Exploration and Production,
LLC;
|
|
·
|
Realized
gains and losses;
|
|
·
|
Charges
relating to reserve strengthening and adverse dividend or premium
development at CNA associated with accident years prior to 2000 related to
claims within a limited number of claim
categories;
|
|
·
|
Catastrophe
losses of CNA in excess of CNA’s 2008 budgeted amount, but not less than
such budgeted amount;
|
|
·
|
Any
gain or loss on disposal of discontinued operations (but not income from
operations of the discontinued business) resulting from the exchange of
Lorillard, Inc. common stock for our Common Stock in the 2008 spin-off of
Lorillard, Inc.; and
|
|
·
|
Charges
relating to the disposition, by judgment or settlement, of smoking and
health related litigation, excluding litigation related to filter
cases.
|
|
|
|
|
|
|
Changes
in
|
|
|
|
|
|
|
|
|
|
Pension
Value
|
|
|
|
|
|
|
|
|
|
And
|
|
|
|
|
|
|
|
|
|
Nonqualified
|
|
|
|
|
Non-Equity
|
Deferred
|
|||||||
|
Option/SAR
|
Incentive
Plan
|
Compensation
|
All
Other
|
|||||
Name and Position
|
Year
|
Salary
|
Bonus
|
Awards (1)
|
Compensation (2)
|
Earnings (3)
|
Compensation
|
Total
|
J.S.
Tisch
|
2008
|
$1,100,000
|
(4)
|
$ 0
|
$1,902,234
|
(5)
|
$2,500,000
|
$1,413,637
|
$104,264
|
(6)(7)
|
$7,020,135
|
||
President,
Chief
|
2007
|
1,275,000
|
(4)
|
0
|
1,300,115
|
(5)
|
2,000,000
|
1,843,305
|
|
115,868
|
|
6,534,288
|
|
Executive
Officer,
|
2006
|
1,275,000
|
(4)
|
0
|
910,421
|
(5)
|
1,500,000
|
1,245,014
|
112,970
|
5,043,405
|
|||
Office
of the President
|
|||||||||||||
P.W.
Keegan
|
2008
|
990,000
|
0
|
513,084
|
1,510,000
|
397,792
|
23,100
|
(8)
|
3,433,976
|
||||
Chief
Financial
|
2007
|
990,000
|
0
|
383,234
|
1,260,000
|
362,208
|
20,254
|
3,015,696
|
|||||
Officer,
Senior Vice
|
2006
|
990,000
|
250,000
|
292,288
|
760,000
|
314,210
|
|
22,700
|
2,629,198
|
||||
President
|
|||||||||||||
A.H.
Tisch
|
2008
|
975,000
|
0
|
684,235
|
2,100,000
|
1,475,777
|
121,335
|
(6)(9)
|
5,356,347
|
||||
Co-Chairman
of
|
2007
|
975,000
|
0
|
511,023
|
2,000,000
|
1,388,973
|
128,686
|
5,003,682
|
|||||
the
Board, Chairman
|
2006
|
975,000
|
0
|
389,664
|
1,500,000
|
963,660
|
109,943
|
3,938,267
|
|||||
of
the Executive
|
|
||||||||||||
Committee,
Office of
|
|||||||||||||
the
President
|
|||||||||||||
J.M.
Tisch
|
2008
|
975,000
|
0
|
684,235
|
2,100,000
|
1,675,121
|
62,574
|
(6)(10)
|
5,496,930
|
||||
Co-Chairman
of
|
2007
|
975,000
|
0
|
511,023
|
2,000,000
|
1,454,074
|
47,692
|
4,987,789
|
|||||
the
Board, Chairman
|
2006
|
975,000
|
0
|
389,664
|
1,500,000
|
1,003,545
|
57,522
|
3,925,731
|
|||||
and
Chief Executive
|
|||||||||||||
Officer
of Loews
|
|
||||||||||||
Hotels,
Office of the
|
|||||||||||||
President
|
|||||||||||||
|
|||||||||||||
D.B.
Edelson
|
2008
|
975,000
|
0
|
513,469
|
2,425,000
|
117,358
|
22,950
|
(11)
|
4,053,777
|
||||
Senior
Vice President
|
2007
|
975,000
|
0
|
332,030
|
1,925,000
|
177,083
|
20,450
|
3,432,044
|
|||||
2006
|
975,000
|
0
|
181,331
|
1,675,000
|
165,836
|
22,550
|
3,019,717
|
All
Other
|
||||||||
Option/SAR
|
||||||||
Estimated
Future
|
Awards;
|
Grant
Date
|
||||||
Payouts
Under
|
Number
of
|
Exercise
or
|
Closing
|
Fair
Value
|
||||
Non-Equity
|
Securities
|
Base
Price
|
Market
Price
|
of
Stock and
|
||||
Grant
|
Action
|
Incentive
Plan
|
Underlying
|
of
Option/SAR
|
on
Date
|
Option/SAR
|
||
Name
|
Date
|
Date
|
Awards (1)
|
Options/SARs (2)
|
Awards (3)
|
of Grant
|
Awards
|
|
Target
|
Maximum
|
J.S.
Tisch
|
01/08/08
|
15,000
|
$49.17
|
|
$47.82
|
|
$257,481
|
|
|||
02/08/08
|
$2,500,000
|
$4,000,000
|
|||||||||
03/31/08
|
01/08/08
|
15,000
|
40.34
|
40.22
|
228,225
|
||||||
06/30/08
|
01/08/08
|
15,000
|
47.71
|
46.90
|
233,088
|
||||||
09/30/08
|
01/08/08
|
15,000
|
38.38
|
39.49
|
249,030
|
||||||
P.W.
Keegan
|
01/08/08
|
11,250
|
49.17
|
47.82
|
193,111
|
||||||
02/08/08
|
1,510,000
|
2,200,000
|
|||||||||
03/31/08
|
01/08/08
|
11,250
|
40.34
|
40.22
|
171,191
|
||||||
06/30/08
|
01/08/08
|
11,250
|
47.71
|
46.90
|
174,816
|
||||||
09/30/08
|
01/08/08
|
11,250
|
38.38
|
39.49
|
186,773
|
||||||
A.H.
Tisch
|
01/08/08
|
15,000
|
49.17
|
47.82
|
257,481
|
||||||
02/08/08
|
2,100,000
|
4,000,000
|
|||||||||
03/31/08
|
01/08/08
|
15,000
|
40.34
|
40.22
|
228,225
|
||||||
06/30/08
|
01/08/08
|
15,000
|
47.71
|
46.90
|
233,088
|
||||||
09/30/08
|
01/08/08
|
15,000
|
38.38
|
39.49
|
249,030
|
||||||
J.M.
Tisch
|
01/08/08
|
15,000
|
49.17
|
47.82
|
257,481
|
||||||
02/08/08
|
2,100,000
|
4,000,000
|
|||||||||
03/31/08
|
01/08/08
|
15,000
|
40.34
|
40.22
|
228,225
|
||||||
06/30/08
|
01/08/08
|
15,000
|
47.71
|
46.90
|
233,088
|
||||||
09/30/08
|
01/08/08
|
15,000
|
38.38
|
39.49
|
249,030
|
||||||
D.B.
Edelson
|
01/08/08
|
11,250
|
49.17
|
47.82
|
193,111
|
||||||
02/08/08
|
2,425,000
|
3,000,000
|
|||||||||
03/31/08
|
01/08/08
|
11,250
|
40.34
|
40.22
|
171,191
|
||||||
06/30/08
|
01/08/08
|
11,250
|
47.71
|
46.90
|
174,816
|
||||||
09/30/08
|
01/08/08
|
11,250
|
38.38
|
39.49
|
186,773
|
All
Other
|
||||||
Option/SAR
|
Grant
|
|||||
Awards;
|
Date
Fair
|
|||||
Number
of
|
Exercise
or
|
Closing
|
Value
of
|
|||
Securities
|
Base
Price of
|
Market
Price
|
Stock
and
|
|||
Underlying
|
Option/SAR
|
on
Date of
|
Option/SAR
|
|||
Name
|
Grant Date
|
Action Date
|
Options/SARs
(1)
|
Awards
(2)
|
Grant
|
Awards
|
J.S.
Tisch
|
04/01/08
|
01/30/08
|
7,500
|
|
$ 117.36
|
|
$ 117.70
|
|
$274,125
|
|
07/01/08
|
01/30/08
|
7,500
|
140.54
|
139.70
|
334,200
|
|||||
10/01/08
|
09/18/08
|
7,500
|
103.02
|
100.35
|
234,675
|
Number
of Securities
|
Number
of Securities
|
|||||
Underlying
Unexercised
|
Underlying
Unexercised
|
|||||
Options/SARs
|
Options/SARs
|
Option/SAR
|
Option/SAR
|
|||
Name
|
Exercisable
|
Unexercisable
|
Exercise Price
|
Expiration
Date
|
J.S.
Tisch
|
60,000
|
|
0
|
$10.05
|
|
01/18/10
|
|
60,000
|
|
0
|
15.57
|
01/24/11
|
|||
60,000
|
|
0
|
19.71
|
01/30/12
|
|||
60,000
|
|
0
|
15.61
|
01/21/13
|
|||
15,000
|
|
0
|
17.36
|
01/16/14
|
|||
15,000
|
|
0
|
19.61
|
01/16/14
|
|||
15,000
|
|
0
|
20.06
|
01/16/14
|
|||
15,000
|
|
0
|
19.43
|
01/16/14
|
|||
11,250
|
|
3,750
|
23.68
|
01/20/15
|
|||
11,250
|
|
3,750
|
24.32
|
01/20/15
|
|||
11,250
|
|
3,750
|
25.91
|
01/20/15
|
|||
11,250
|
|
3,750
|
30.54
|
01/20/15
|
|||
7,500
|
|
7,500
|
33.14
|
01/31/16
|
|||
7,500
|
|
7,500
|
34.18
|
01/31/16
|
|||
7,500
|
|
7,500
|
34.89
|
01/31/16
|
|||
7,500
|
|
7,500
|
38.31
|
01/31/16
|
|||
3,750
|
|
11,250
|
40.34
|
01/09/17
|
|||
3,750
|
|
11,250
|
45.75
|
01/09/17
|
|||
3,750
|
|
11,250
|
51.08
|
01/09/17
|
|||
3,750
|
|
11,250
|
48.04
|
01/09/17
|
|||
0
|
|
15,000
|
49.17
|
01/08/18
|
|||
0
|
|
15,000
|
40.34
|
01/08/18
|
|||
0
|
|
15,000
|
47.71
|
01/08/18
|
|||
0
|
|
15,000
|
38.38
|
01/08/18
|
|||
|
|
|
|||||
P.W.
Keegan
|
45,000
|
|
0
|
|
19.71
|
01/30/12
|
|
45,000
|
|
0
|
|
15.61
|
01/21/13
|
||
11,250
|
|
0
|
|
17.36
|
01/16/14
|
||
11,250
|
|
0
|
|
19.61
|
01/16/14
|
||
11,250
|
|
0
|
|
20.06
|
01/16/14
|
||
11,250
|
|
0
|
|
19.43
|
01/16/14
|
||
8,438
|
|
2,812
|
|
23.68
|
01/20/15
|
||
8,438
|
|
2,812
|
|
24.32
|
01/20/15
|
||
8,438
|
|
2,812
|
|
25.91
|
01/20/15
|
||
8,438
|
|
2,812
|
|
30.54
|
01/20/15
|
||
5,625
|
|
5,625
|
|
33.14
|
01/31/16
|
||
5,625
|
|
5,625
|
|
34.18
|
01/31/16
|
||
5,625
|
|
5,625
|
|
34.89
|
01/31/16
|
||
5,625
|
5,625
|
38.31
|
01/31/16
|
||||
2,812
|
8,438
|
40.34
|
01/09/17
|
||||
2,812
|
8,438
|
45.75
|
01/09/17
|
||||
2,812
|
8,438
|
51.08
|
01/09/17
|
||||
2,812
|
8,438
|
48.04
|
01/09/17
|
||||
0
|
11,250
|
49.17
|
01/08/18
|
||||
0
|
11,250
|
40.34
|
01/08/18
|
||||
0
|
11,250
|
47.71
|
01/08/18
|
||||
0
|
11,250
|
38.38
|
01/08/18
|
Number
of Securities
|
Number
of Securities
|
|||||
Underlying
Unexercised
|
Underlying
Unexercised
|
|||||
Options/SARs
|
Options/SARs
|
Option/SAR
|
Option/SAR
|
|||
Name
|
Exercisable
|
Unexercisable
|
Exercise Price
|
Expiration
Date
|
A.H.
Tisch
|
60,000
|
|
0
|
$10.05
|
01/18/10
|
||
60,000
|
|
0
|
15.57
|
01/24/11
|
|||
60,000
|
0
|
19.71
|
01/30/12
|
||||
60,000
|
0
|
15.61
|
01/21/13
|
||||
15,000
|
0
|
17.36
|
01/16/14
|
||||
15,000
|
0
|
|
19.61
|
01/16/14
|
|||
15,000
|
0
|
|
20.06
|
01/16/14
|
|||
15,000
|
0
|
19.43
|
|
01/16/14
|
|||
11,250
|
3,750
|
23.68
|
|
01/20/15
|
|||
11,250
|
3,750
|
24.32
|
|
01/20/15
|
|||
11,250
|
3,750
|
25.91
|
01/20/15
|
||||
11,250
|
3,750
|
30.54
|
01/20/15
|
||||
7,500
|
7,500
|
33.14
|
01/31/16
|
||||
7,500
|
7,500
|
34.18
|
01/31/16
|
||||
7,500
|
7,500
|
34.89
|
01/31/16
|
||||
7,500
|
7,500
|
38.31
|
01/31/16
|
||||
3,750
|
11,250
|
40.34
|
01/09/17
|
||||
3,750
|
11,250
|
45.75
|
01/09/17
|
||||
3,750
|
11,250
|
51.08
|
01/09/17
|
||||
3,750
|
11,250
|
48.04
|
01/09/17
|
||||
0
|
15,000
|
49.17
|
01/08/18
|
||||
0
|
15,000
|
40.34
|
01/08/18
|
||||
0
|
15,000
|
47.71
|
01/08/18
|
||||
0
|
15,000
|
38.38
|
01/08/18
|
J.M.
Tisch
|
60,000
|
|
0
|
10.05
|
01/18/10
|
||
60,000
|
|
0
|
15.57
|
01/24/11
|
|||
60,000
|
0
|
19.71
|
01/30/12
|
||||
60,000
|
0
|
15.61
|
01/21/13
|
||||
15,000
|
0
|
17.36
|
01/16/14
|
||||
15,000
|
0
|
|
19.61
|
01/16/14
|
|||
15,000
|
0
|
|
20.06
|
01/16/14
|
|||
15,000
|
0
|
19.43
|
|
01/16/14
|
|||
11,250
|
3,750
|
23.68
|
|
01/20/15
|
|||
11,250
|
3,750
|
24.32
|
|
01/20/15
|
|||
11,250
|
3,750
|
25.91
|
01/20/15
|
||||
11,250
|
3,750
|
30.54
|
01/20/15
|
||||
7,500
|
7,500
|
33.14
|
01/31/16
|
||||
7,500
|
7,500
|
34.18
|
01/31/16
|
||||
7,500
|
7,500
|
34.89
|
01/31/16
|
||||
7,500
|
7,500
|
38.31
|
01/31/16
|
||||
3,750
|
11,250
|
40.34
|
01/09/17
|
||||
3,750
|
11,250
|
45.75
|
01/09/17
|
||||
3,750
|
11,250
|
51.08
|
01/09/17
|
||||
3,750
|
11,250
|
48.04
|
01/09/17
|
||||
0
|
15,000
|
49.17
|
01/08/18
|
||||
0
|
15,000
|
40.34
|
01/08/18
|
||||
0
|
15,000
|
47.71
|
01/08/18
|
||||
0
|
15,000
|
38.38
|
01/08/18
|
Number
of Securities
|
Number
of Securities
|
|||||
Underlying
Unexercised
|
Underlying
Unexercised
|
|||||
Options/SARs
|
Options/SARs
|
Option/SAR
|
Option/SAR
|
|||
Name
|
Exercisable
|
Unexercisable
|
Exercise Price
|
Expiration
Date
|
D.B.
Edelson
|
16,875
|
|
5,625
|
$24.17
|
01/20/15
|
||
8,438
|
|
2,812
|
|
25.91
|
01/20/15
|
||
8,438
|
|
2,812
|
|
30.54
|
01/20/15
|
||
5,625
|
|
5,625
|
|
33.14
|
01/31/16
|
||
5,625
|
|
5,625
|
|
34.18
|
01/31/16
|
||
5,625
|
|
5,625
|
|
34.89
|
01/31/16
|
||
5,625
|
|
5,625
|
|
38.31
|
01/31/16
|
||
2,812
|
|
8,438
|
|
40.34
|
01/09/17
|
||
2,812
|
|
8,438
|
|
45.75
|
01/09/17
|
||
2,812
|
|
8,438
|
|
51.08
|
01/09/17
|
||
2,812
|
8,438
|
48.04
|
01/09/17
|
||||
0
|
11,250
|
49.17
|
01/08/18
|
||||
0
|
11,250
|
40.34
|
01/08/18
|
||||
0
|
11,250
|
47.71
|
01/08/18
|
||||
0
|
11,250
|
38.38
|
01/08/18
|
Number
of Securities
|
Number
of Securities
|
|||||
Underlying
Unexercised
|
Underlying
Unexercised
|
|||||
Options/SARs
|
Options/SARs
|
Option/SAR
|
Option/SAR
|
|||
Name
|
Exercisable
|
Unexercisable
|
Exercise Price
|
Expiration
Date
|
J.S.
Tisch
|
1,875
|
|
0
|
|
$22.49
|
05/18/14
|
|
1,875
|
|
0
|
23.65
|
07/01/14
|
|||
1,875
|
|
0
|
32.78
|
10/01/14
|
|||
1,875
|
|
0
|
39.98
|
12/31/14
|
|||
1,875
|
|
1,875
|
45.77
|
04/19/15
|
|||
1,875
|
|
1,875
|
53.60
|
07/01/15
|
|||
1,875
|
|
1,875
|
61.90
|
10/03/15
|
|||
1,875
|
|
1,875
|
69.38
|
12/31/15
|
|||
1,875
|
|
3,750
|
92.67
|
04/27/16
|
|||
1,875
|
|
3,750
|
83.44
|
07/03/16
|
|||
1,875
|
|
3,750
|
71.87
|
10/02/16
|
|||
1,875
|
|
3,750
|
79.77
|
12/31/16
|
|||
1,875
|
5,625
|
81.42
|
04/02/17
|
||||
1,875
|
5,625
|
101.97
|
07/02/17
|
||||
1,875
|
5,625
|
114.21
|
10/01/17
|
||||
1,875
|
5,625
|
144.44
|
12/31/17
|
||||
0
|
7,500
|
117.36
|
04/01/18
|
||||
0
|
7,500
|
140.54
|
07/01/18
|
||||
7,500
|
0
|
103.02
|
10/12/18
|
Number
of Years
|
Present
Value of
|
Payments
During
|
||
Name
|
Plan Name
|
Credited Service
|
Accumulated
Benefit (1)
|
Last Fiscal
Year
|
J.S.
Tisch
|
Retirement
Plan
|
31
|
|
$1,054,716
|
|
$0
|
|
Benefit
Equalization Plan
|
31
|
9,030,869
|
0
|
||||
Supplemental
Benefit
|
822,512
|
0
|
|||||
P.W.
Keegan
|
Retirement
Plan
|
11
|
305,705
|
0
|
|||
Benefit
Equalization Plan
|
11
|
1,375,733
|
0
|
||||
Supplemental
Benefit
|
1,795,657
|
0
|
|||||
A.H.
Tisch
|
Retirement
Plan
|
35
|
1,157,409
|
0
|
|||
Benefit
Equalization Plan
|
35
|
9,910,162
|
0
|
||||
Supplemental
Benefit
|
905,598
|
0
|
|||||
J.M.
Tisch
|
Retirement
Plan
|
29
|
893,756
|
0
|
|||
Benefit
Equalization Plan
|
29
|
7,652,666
|
0
|
||||
Supplemental
Benefit
|
802,842
|
0
|
|||||
D.B.
Edelson
|
Retirement
Plan
|
3
|
50,444
|
0
|
|||
Benefit
Equalization Plan
|
3
|
398,786
|
0
|
||||
Supplemental
Benefit
|
0
|
0
|
Executive
|
Company
|
Aggregate
|
Aggregate
|
Aggregate
|
|
Contributions
in
|
Contributions
in
|
Earnings
in
|
Withdrawals/
|
Balance
at Last
|
|
Name
|
Last Fiscal Year
|
Last Fiscal Year
|
Last Fiscal Year
|
Distributions
|
Fiscal Year End
|
D.B.
Edelson
|
$90,000
(1)
|
$0
|
$2,102
(2)
|
$0
|
$307,570
(3)
|
|
|
|
2008
|
2007
|
|
|
|
|
|
(in thousands)
|
|
||
|
|
|||||
|
Audit
Fees
(1)
|
$19,062
|
$21,451
|
|
||
|
Audit
Related Fees (2)
|
2,427
|
1,636
|
|
||
|
Tax
Fees
(3)
|
64
|
72
|
|
||
|
All
Other Fees (4)
|
1,568
|
0
|
|
||
|
|
|||||
|
Total
|
$23,121
|
$23,159
|
|
|
By
order of the Board of Directors,
|
|
|
|
|
|
GARY
W. GARSON
|
|
|
Secretary
|
|
|
|
|
Dated: March
[ ],
2009
|
|
|
(a)
|
the
designation and number of shares comprising such series;
|
(b)
|
the
dividends, if any, which shall be payable on the shares of such series and
any preferences and other terms and conditions applicable
thereto;
|
|
(c)
|
any
rights and preferences of the holders of the shares of such series upon
the liquidation, dissolution, or winding up of the affairs of, or upon any
distribution of the assets of, the Corporation;
|
|
(d)
|
the
full, limited or special voting rights, if any, of the shares of such
series, in addition to voting rights
|
|
(e)
|
any
provisions with respect to the conversion of the shares of such series
into, or the exchange of such shares for, shares of any other class or
classes, or of any other series of any class, of the capital stock of the
Corporation and/or any other property or cash, and the terms and
conditions applicable to any such conversion or exchange;
|
|
(f)
|
any
provision with respect to the redemption, purchase or retirement of such
shares and the terms and conditions applicable thereto;
|
|
(g)
|
any
provision with respect to the issuance of additional shares of such series
or of an other class or series on a parity with or superior to the shares
of such series; and
|
|
(h)
|
any
other relative, participating, optional or special powers, preferences, or
rights of, and any other qualifications, limitations or restrictions with
respect to, the shares of such series as the Board of Directors may deem
advisable.
|
|
|
PRELIMINARY
COPY
|
|
SUBJECT TO COMPLETION | |
LOEWS
CORPORATION
|
Proxy
|
This
Proxy is Solicited on Behalf of the Board of Directors
|
|
|
Address Change/Comments
(Mark the corresponding box on the reverse side)
|
|
|
|
|
|
|
|
||
|
|
|
|
||
|
|
|
|
Mark
Here
|
|||||||
for
Address
|
|||||||
Change
or
|
[ ]
|
||||||
Comments
|
|||||||
PLEASE
SEE REVERSE SIDE
|
|||||||
Please
mark
|
|||||||
your
votes
|
[ X ]
|
||||||
like
this
|
The
Board of Directors recommends a vote FOR Item 1
|
The
Board of Directors recommends a vote FOR Items 2 and 3
|
|||||||||||
Item
1 - ELECTION OF DIRECTORS
|
|
|
FOR
|
AGAINST
|
ABSTAIN
|
|||||||
FOR
|
AGAINST
|
ABSTAIN
|
FOR
|
AGAINST
|
ABSTAIN
|
FOR
|
AGAINST |
ABSTAIN
|
ITEM
2 - RATIFY
|
o
|
o
|
o
|
Nominees:
|
|
|
|
DELOITTE
& TOUCHE LLP
|
||||||||
01)
A.E. Berman
|
04)
P.J. Fribourg
|
08)
G.R. Scott
|
AS
INDEPENDENT
|
|||||||||
o
|
o
|
o
|
o
|
o
|
o
|
o
|
o
|
o
|
AUDITORS
|
|||
02)
J.L. Bower
|
05)
W.L. Harris
|
09)
A.H. Tisch
|
|
|
|
|||||||
o
|
o
|
o
|
o
|
o
|
o
|
o
|
o
|
o
|
ITEM
3 - APPROVE A
|
o
|
o
|
o
|
03)
C.M. Diker
|
|
|
06)
P.A. Laskawy
|
10)
J.S. Tisch
|
PROPOSED
|
|
||||||
o
|
o
|
o
|
o
|
o
|
o
|
o
|
o
|
o
|
AMENDMENT
TO
|
|||
|
|
|
07) K. Miller |
11)
J.M. Tisch
|
SIMPLIFY
AND
|
|||||||
o
|
o
|
o
|
o
|
o
|
o
|
UPDATE
OUR
|
||||||
CORPORATE
CHARTER
|
||||||||||||
The
Board of Directors recommends a vote AGAINST Item
4
|
||||||||||||
ITEM 4 - SHAREHOLDER |
o
|
o
|
o
|
|||||||||
PROPOSAL - | ||||||||||||
CUMULATIVE VOTING | ||||||||||||