Exhibit
99.(a)(1)(c)
EXCHANGE
OFFER EMAIL
Attached
for your review is a voluntary opportunity to exchange your fully
vested, unexercised stock options with exercise prices equal to or greater than
$4.31 per share (the “Offer Price”) for a smaller number of either fully-vested
New Shares of stock or fully-vested New Options to purchase stock at the Offer
Price for the next four years. In order to make your decision please review the
attached documents:
Document
One:
Cover
Letter; Offer
to Exchange, Award Agreement
Document
Two:
Your
Election Form
(on Exhibit A to
the Award Agreement)
Document
Three:
2004 Sypris Equity Plan
Document
Four:
Amended and Restated Prospectus dated
June 29, 2007
Document
Five
Stock
Value Calculator
We have
provided the Stock Value Calculator to allow you to evaluate how changing stock
prices might effect your election to (i) keep your current options, (ii) elect
to exchange your options for new options, or (iii) elect to exchange your
options for new shares of common stock.
We will
conduct a conference call on April 7th at 2:00 p.m. ET to review the
Exchange Program and address any questions you may have about the materials
provided. The dial in number for this call is 1-888-346-3950, entry code is
579937#. We urge you to review the material prior to this call.
This 2008
Stock Option Exchange Program will expire on May 12th at 5:00
p.m. ET and requires you to elect one of the choices provided on or before May
1, 2008. If you
choose not to elect to tender your eligible stock options you will still need to
complete your election form.