| UNITED STATES | ||
| SECURITIES AND EXCHANGE COMMISSION | ||
| Washington, D.C. 20549 | ||
| SCHEDULE 14A | ||
| 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 | ||
| ¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) | ||
| ¨ Definitive Proxy Statement | ||
| ¨ Definitive Additional Materials | ||
| x Soliciting Material Pursuant to §240.14a-12 | ||
| CIRCUIT CITY STORES, INC. (Name of Registrant as Specified In Its Charter) | ||
| N/A (Name of Person(s) Filing Proxy Statement, if other than the Registrant) | ||
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| February 28, 2008 |
| VIA FEDERAL EXPRESS |
| VIA FACSIMILE TO 212-451-2222 |
| Mark J. Wattles |
| Wattles Capital Management, LLC |
| 7945 W. Sahara Ave., Suite 205 |
| Las Vegas, NV 89117 |
| Re: Notice of Nomination of Individuals for Election as Directors at the |
| 2008 Annual Meeting of Shareholders of Circuit City Stores, Inc. |
| Dear Mr. Wattles: |
| We are in receipt of your letter dated February 25, 2008. As you know, we |
| announced on October 15, 2007 that one of our directors intends not to stand for |
| reelection to our Board of Directors. Our Board of Directors presently intends not to fill |
| the vacancy created, and to amend our bylaws effective the date of the 2008 |
| Annual Meeting of Shareholders, to provide that the number of directors shall be |
| eleven (11) and not twelve (12). Accordingly, there would be four (4) directors |
| rather than five (5) elected at the 2008 Annual Meeting of Shareholders. Please |
| advise which of your five (5) nominees you would withdraw. |
| As described in our proxy statement, our Nominating & Governance |
| Committee considers director nominees recommended by our shareholders. In that |
| connection, we would like to schedule meetings between each of your nominees |
| and one or more representatives of our Nominating & Governance Committee in |
| New York on any day between March 3, 2008 and March 12, 2008. Please advise |
| whether your nominees are amenable to such meetings during that time frame. |
| Sincerely, |
| /s/ Reginald D. Hedgebeth |
| Reginald D. Hedgebeth |