Mr. Peter J. King

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  www.sec.gov/Archives/edgar/data/879022/0000950124-00-00 - [Cached Version]
  Published on: 3/10/2000    Last Visited: 7/25/2002  

  The directors who served on the special committee were not employees of Sunrise or affiliated with Peter J. King or King Management.The special committee believed there was no need to retain any additional unaffiliated representatives to act on behalf of Sunrise's stockholders (other than King Management and its affiliates).Sunrise's board reached this conclusion in view of: - - the fact that the use of a special committee is a mechanism well recognized to provide for fairness in transactions of this type; - - the arms' length negotiations that had taken place between Peter J. King and his affiliates and the special committee; and - - the special committee's retention of independent legal counsel and financial advisors. SUNRISE'S BOARD OF DIRECTORS, BASED SOLELY ON THE RECOMMENDATION OF THE SPECIAL COMMITTEE, UNANIMOUSLY APPROVED THE PROPOSED MERGER AND THE MERGER AGREEMENT.THE BOARD DECLARED THAT THE MERGER AND MERGER AGREEMENT ARE ADVISABLE AND ARE FAIR TO AND IN THE BEST INTERESTS OF SUNRISE'S STOCKHOLDERS (OTHER THAN KING MANAGEMENT AND ITS AFFILIATES) AND RECOMMENDS THAT YOU VOTE IN FAVOR OF THE PROPOSED MERGER AND MERGER AGREEMENT. OPINION OF THE FINANCIAL ADVISOR FOR THE SPECIAL COMMITTEE
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  Neither King Management nor its affiliates, which includes Peter J. King and Stephen D. Higgins, as trustee under six trusts established for the benefit of Peter J. King's two sons, Russell S. and William B. King, independently considered the fairness of the merger consideration to Sunrise's stockholders (other than King Management and its affiliates).
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  Neither King Management nor its affiliates, which includes Peter J. King and Stephen D. Higgins, as trustee under six trusts established for the benefit of Peter J. King's two sons, Russell S. and William B. King, independently considered the fairness of the merger consideration to Sunrise's stockholders (other than King Management and its affiliates).
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  Sunrise's officers and directors (other than Peter J. King) who own Sunrise common stock at the effective time of the merger will be entitled to receive the $5.25 merger consideration for their shares. Ownership of King Management.Under the agreement to facilitate the merger, Peter J. King and his affiliates will become the owners of the newly-formed parent company of King Management and will therefore have the ability to control King Management after the merger is completed.This agreement also provides that Peter J. King and his affiliates will vote their shares of Sunrise common stock in favor of the merger and merger agreement.This agreement relates to an aggregate of approximately 62.6% of Sunrise's outstanding common stock and any shares that Peter J. King and his affiliates may become entitled upon the exercise of their options prior to your vote on the merger. King Management Phantom Stock.
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  Peter J. King, Sunrise's Chief Executive Officer and Chairman of the Board, currently holds vested options to purchase 250,000 shares of Sunrise common stock that were granted to him under Sunrise's 1991 Stock Option Plan.Under the terms of the merger agreement, Peter J. King will be entitled to receive at the effective time of the merger an aggregate of $500,000 option consideration in exchange for cancellation of these options.Peter J. King also has the right to purchase 666,506 shares of Sunrise common stock under stock options.Under the terms of the merger agreement and the agreement to facilitate the merger, these options will be canceled prior to the effective time of the merger and in exchange Peter J. King will be entitled to receive options to purchase shares of the parent company's common stock under the same terms and conditions as the options that were canceled.The board of directors of parent company will determine, based on the relative values of the shares of Sunrise common stock and parent company common stock at the effective time of the merger, the number of shares of parent company common stock, and the exercise price of these shares, Peter J. King will be entitled to receive.
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  On February 3, 2000, a purported stockholder class action lawsuit was filed against Peter J. King, Donald R. Brattain, Thomas R. King and Jeffrey G. Jacobsen, as directors of Sunrise, and Sunrise in the Delaware Chancery Court on behalf of the plaintiff and Sunrise's other unaffiliated stockholders.
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  Peter J. King Distribution
  
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  Peter J. King Distribution
  
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  Peter J. King
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  Peter J. King Distribution
  
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  Peter J. King Distribution
  
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  Peter J. King
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  (2) This was the second distribution from the 1996 Grantor Retained Annuity Trust FBO Peter J. King and Peter J. King transferred 3,116 shares to King Management in lieu of legal fees. RECENT TRANSACTIONS Sunrise Except as set forth in the following table, there have been no transactions in Sunrise's common stock effected during the past 60 days by Sunrise or any of Sunrise's directors or executive officers, other than as a result of the merger agreement and the agreement to facilitate the merger. Officers and DirectorsNUMBER OF SHARES
  
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  Peter J. King Chief Executive
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  Mr. King has served as our Chief
  
  (71) Officer Chairman of the Board
  
  Suite 750, Golden Valley, MN 55416 (612) 593-1904
  
  Executive Officer since April 1, 1998 and as Chairman of the Board since June 1997.
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  Mr. King also served as Chief Financial Officer from April to June 1998.Mr. King had previously served as Chairman of the Board from February 1995 to February 1996 and as a director from February 1995 to July 1996.Mr. King also had previously served as a member of our Interim CEO Committee from July 1995 until July 1996.Mr. King founded International Leasing Corporation in 1974 and served as its President until it was merged into Sunrise in February 1995.Mr. King also currently serves as Chairman and Chief Executive Officer of The King Management Corporation.Mr. King is not related to Thomas R. King, a member of our board. - ---------------------------------------------------------------------------
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  Peter J. King
  
  5500 Wayzata Boulevard, #725
  
  Minneapolis, MN 55416 - ---------------------------------------------------------------------------
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  The King Management Corporation
  
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  (3) Represents (i) 3,466,797 shares that are subject to a Stockholder Voting Trust Agreement dated May 27, 1998, and, unless indicated below, Peter J. King has the sole power to vote and dispose of these shares, which shares include (a) 517,158 shares held by Peter J. King directly, (b) 400,818 shares held by King Management, of which Peter J. King is a principal stockholder, officer and director, (c) 1,286,439 shares held by Stephen D. Higgins, Trustee, William B. King Stock Trust UA dated November 21, 1989 for the benefit of William B. King, which is referred to in this proxy statement as the "WBK Trust," and (d) 1,262,382 shares held by Stephen D. Higgins, Trustee, Russell S. King Stock Trust UA dated November 21, 1989 for the benefit of Russell S. King, which is referred to in this proxy statement as the "RSK Trust;" (ii) 352,500 shares held by King Management directly and (iii) 916,506 shares which may be acquired by Peter J. King within 60 days after the record date upon exercise
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  (3) Represents (i) 3,466,797 shares that are subject to a Stockholder Voting Trust Agreement dated May 27, 1998, and, unless indicated below, Peter J. King has the sole power to vote and dispose of these shares, which shares include (a) 517,158 shares held by Peter J. King directly, (b) 400,818 shares held by King Management, of which Peter J. King is a principal stockholder, officer and director, (c) 1,286,439 shares held by Stephen D. Higgins, Trustee, William B. King Stock Trust UA dated November 21, 1989 for the benefit of William B. King, which is referred to in this proxy statement as the "WBK Trust," and (d) 1,262,382 shares held by Stephen D. Higgins, Trustee, Russell S. King Stock Trust UA dated November 21, 1989 for the benefit of Russell S. King, which is referred to in this proxy statement as the "RSK Trust;" (ii) 352,500 shares held by King Management directly and (iii) 916,506 shares which may be acquired by Peter J. King within 60 days after the record date upon exercise
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  Peter J. King does not have dispositive power over the shares held by the WBK Trust or RSK Trust.Sunrise has relied on information contained in Schedule 13D (Amendment No. 3) dated February 24, 2000 filed by Peter J. King with the SEC and information provided by Peter J. King. (4) Represents (i) 400,818 shares that are subject to a Stockholder Voting Trust Agreement dated May 27, 1998, pursuant to which Peter J. King has the sole power to vote these shares and (ii) 352,500

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  uvscanada.org/blog/?cat=5&paged=3 - [Cached Version]
  Last Visited: 5/13/2007  

  New House Homeland Security Chairman Peter King (R-N.Y.) believes unmanned aerial vehicles (UAV) are "underutilized" by the Department of Homeland Security (DHS) and should play a larger role in border security operations.

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  Headlines/Breaking News from The Minneapolis/St. Paul... - [Cached Version]
  Published on: 8/14/2005    Last Visited: 8/14/2005  

  Golden Valley-based Sunrise International has received a non-binding proposal from Peter King to acquire all of the outstanding shares of Sunrise, other than shares owned or controlled by King, who is chief executive officer and chairman of the board of Sunrise.

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  Headlines/Breaking News from The Minneapolis/St. Paul... - [Cached Version]
  Published on: 6/2/2005    Last Visited: 6/2/2005  

  The transaction, which was overwhelmingly approved by Sunrise's stockholders, was accomplished through a merger of Sunrise with and into The King Management Corp., a company controlled by Sunrise's chairman of the board and chief executive officer, Peter King, and his affiliates.

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  Leasing News - [Cached Version]
  Published on: 4/14/2003    Last Visited: 4/14/2003  

  "While revenue was considerably lower in 2002, we experienced a substantial increase in revenue from lease renewals and other remarketing activities which had a positive impact on gross margins, and expenses were substantially lower as well," said Peter King, Sunrise CEO."In addition, the company saw a significant reduction in defaults during the year on its seasoned portfolio of more than $150 million in gross earning equipment.We were able to capitalize on the reduced costs and improved margins on end-of-lease equipment sales to achieve record levels of net income."
  
  SILC is debt free after paying off $87.5 million in debt during the year.The company continues to generate significant free cash flow, and at the present time has over $47 million in cash and investments.It intends to use both its cash and substantial borrowing capacity to purchase lease portfolios or other leasing companies that fit the company's profile.
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  "We expect 2003 to be another challenging year in the technology leasing industry," said King."SILC is well positioned, with no debt and substantial levels of cash and reserves, to withstand the current economic recession and to succeed in a recovery."
  
  With the continued reduction in demand for leased equipment, SILC is focused on allocating capital to available equipment portfolios or companies that meet the company's business profiles.SILC also is currently negotiating with several vendors to develop new or to enhance existing programs utilizing SILC's sophisticated systems and servicing capabilities.
  
  About Sunrise International Leasing Corporation

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  Today's News - [Cached Version]
  Published on: 4/23/2003    Last Visited: 4/23/2003  

  According to Peter King, SILC CEO, the company's development of its second placement division is merely an expansion of its conventional vendor program business.

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  Today's News - [Cached Version]
  Published on: 2/24/2003    Last Visited: 2/24/2003  

  "While revenue was considerably lower in 2002, we experienced a substantial increase in revenue from lease renewals and other remarketing activities which had a positive impact on gross margins, and expenses were substantially lower as well," said Peter King, Sunrise CEO."In addition, the company saw a significant reduction in defaults during the year on its seasoned portfolio of more than $150 million in gross earning equipment.We were able to capitalize on the reduced costs and improved margins on end-of-lease equipment sales to achieve record levels of net income."SILC is debt free after paying off $87.5 million in debt during the year.The company continues to generate significant free cash flow, and at the present time has over $47 million in cash and investments.It intends to use both its cash and substantial borrowing capacity to purchase lease portfolios or other leasing companies that fit the company's profile.
  
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  Outlook "We expect 2003 to be another challenging year in the technology leasing industry," said King."SILC is well positioned, with no debt and substantial levels of cash and reserves, to withstand the current economic recession and to succeed in a recovery."With the continued reduction in demand for leased equipment, SILC is focused on allocating capital to available equipment portfolios or companies that meet the company's business profiles.SILC also is currently negotiating with several vendors to develop new or to enhance existing programs utilizing SILC's sophisticated systems and servicing capabilities.
  
  About Sunrise International Leasing Corporation SILC's business consists primarily of developing and implementing customized lease and rental programs for vendors of high technology and other equipment.The lease options offered by the company generally focus on short-term, fair-market-value leases, but it also provides a full range of lease and financing options.

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  Today's News - [Cached Version]
  Published on: 5/1/2002    Last Visited: 5/1/2002  

  "We are enthused about the prospect of working with Sharp Electronics' Latin American Group," said Peter King, chairman of Sunrise International Leasing Corporation."Our leasing products fit their needs as they aggressively expand their presence in key Central and South American markets.We also expect to execute other vendor agreements in these markets with other manufacturers."
  
  About Sharp Electronics Corporation
  
  Sharp is a world leader in the manufacturing and marketing of a broad array of office equipment, which include copiers and printers as well as consumer products and components.

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  UVS Canada - [Cached Version]
  Last Visited: 12/3/2006  

  New House Homeland Security Chairman Peter King (R-N.Y.) believes unmanned aerial vehicles (UAV) are "underutilized" by the Department of Homeland Security (DHS) and should play a larger role in border security operations.
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  We need to treat the border as a quasi-war zone," King tells our sister publication Defense Daily in a recent interview.
  
  King was selected by Republican leaders last month to head to the committee after then-Chairman Chris Cox (R-Calif.) resigned to head the Securities and Exchange Commission in August.
  
  King says UAVs should play "much, much more" of a role along borders, where they could track immigrants coming into the country as well as possible illicit activities, such as drug smuggling.
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  King says DHS could buy the same UAVs already used by the Defense Department for surveillance operations and did not rule out a sharp increase in UAV spending."The technology is already there," he adds.
  
  As for overall homeland security spending, King says, it was too early too say whether homeland security spending would increase for fiscal year 2006.
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  King says he has told fellow Republicans they need to move cautiously before cutting homeland security spending.
  
  "If we find places to cut in homeland security, fine, but let's slow down a bit before we make arbitrary cuts," he says.
  
  King says one of the lessons learned from Hurricane Katrina was the need for better communications between the Defense Department and Federal Emergency Management Agency.He said one option might be to hold regular training sessions between DoD and FEMA first responders.
  
  The Defense Department last week outlined plans for an active military force that would provide an initial response to major national catastrophes, such as a Category 4 hurricane or a large-scale weapons of mass destruction attack.King says he needs to know more details before backing the proposal, but says it makes sense to consider ways to use the military earlier in responding to disasters.
  
  [Copyright 2005 Access Intelligence, LLC.All rights reserved.]

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  UVS Canada » 2005 » - [Cached Version]
  Published on: 10/1/2005    Last Visited: 3/24/2008  

  New House Homeland Security Chairman Peter King (R-N.Y.) believes unmanned aerial vehicles (UAV) are "underutilized" by the Department of Homeland Security (DHS) and should play a larger role in border security operations.

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