EX-2
from 8-A12B/A
2 pages
Shareholders Rights Plan the Following Discussion of Circuit City Stores’ Shareholders Rights Plan Assumes That, Effective Upon the Carmax Separation, the Plan Will Have Been Amended to Remove All Provisions Relating to the Carmax Group Common Stock and Will, Therefore, Relate to Only One Series of Common Stock. • Give the Circuit City Stores Board of Directors the Opportunity to Negotiate With Any Persons Seeking to Obtain Control of Circuit City Stores; • Deter Acquisitions of Circuit City Common Stock, Without Assurance of Fair and Equal Treatment of All of Circuit City Stores’ Shareholders; and • Prevent a Person From Acquiring in the Market a Sufficient Number of Shares of Circuit City Common Stock, to Be in a Position to Block an Action Sought to Be Taken by Circuit City Stores’ Shareholders, as Applicable. • Will Not Be Exercisable; and • Will Be Represented by the Same Certificate That Represents the Shares With Which the Rights Are Associated and Will Trade Together With Those Shares
12/34/56
