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FILED BY CMI CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933
AND DEEMED FILED PURSUANT TO RULE 14A-12 OF THE SECURITIES EXCHANGE ACT OF 1934.


SUBJECT COMPANY:       CMI CORPORATION
COMMISSION FILE NO.:   001-5951


                      INFORMATION CONCERNING PARTICIPANTS

     CMI Corporation ("CMI") and certain other persons named below may be deemed
participants in the solicitation of proxies in respect of the proposed merger
(the "Merger") of Claudius Acquisition Corp. ("Merger Sub"), a wholly-owned
subsidiary of Terex Corporation ("Terex"), with and into CMI, pursuant to the
Agreement and Plan of Merger, dated as of June 27, 2001, by and among Terex, CMI
and Merger Sub.  The participants in this solicitation may include the directors
of CMI:  Bill Swisher (Chairman), Larry D. Hartzog, Thomas P. Stafford, Joseph
J. Finn-Egan, Jeffrey A. Lipkin, J. Larry Nichols, Kenneth J. Barker and Ronald
Kahn; as well as the executive officers of CMI: Bill Swisher (Chief Executive
Officer), Carl E. Hatton (Chief Operating Officer), Jim D. Holland (Chief
Financial Officer) and Thane A. Swisher (Vice President and Secretary).  As of
the date of this communication, other than Messrs. Finn-Egan and Lipkin, who
each beneficially owns approximately 32.8% of CMI's common stock, Bill Swisher,
who beneficially owns approximately 9.5% of CMI's common stock, and Thane
Swisher, who beneficially owns approximately 1.5% of CMI's common stock, none of
the foregoing participants beneficially owns individually in excess of 1% of
CMI's common stock.  Additional information about the directors and executive
officers of CMI is included in CMI's Proxy Statement for its 2001 Annual Meeting
of Shareholders filed with the SEC on April 30, 2001.  Information is also
included in a proxy statement/prospectus filed by CMI with the SEC in connection
with the proposed merger.  Investors may obtain these documents free of charge
at the SEC's website (www.sec.gov), or by contacting CMI Corporation, P. O. Box
1985, Oklahoma City, OK 73101, Attention: Jim D. Holland, telephone:
(405) 787-6020.

     INVESTORS SHOULD READ THE PROXY STATEMENT/PROSPECTUS CAREFULLY BEFORE
MAKING ANY VOTING OR INVESTMENT DECISIONS.

     THE FOLLOWING IS A PRESS RELEASE ISSUED BY CMI ON AUGUST 23, 2001.

FOR ADDITIONAL INFORMATION, CONTACT:

     Jim Rodriguez                         Woody Wallace
     Vice President, Investor Relations    The Investor Relations Company
     405-491-2467                          847-564-5610

FOR IMMEDIATE RELEASE - OKLAHOMA CITY - August  23, 2001

              CMI CALLS SHAREHOLDER MEETING TO APPROVE MERGER WITH
                               TEREX CORPORATION

     Oklahoma City, Oklahoma, August 23, 2001 --- CMI Corporation (NYSE:CMI)
announced today that it will hold a special shareholder meeting on Friday,
September 28, 2001 to vote upon the proposed merger agreement with Terex
Corporation (NYSE:TEX) of Westport CT. The meeting will take place at 10:00 a.m.
at CMI's corporate headquarters in Oklahoma City. Shareholders of record as of
August 27, 2001 will be entitled to vote at the special meeting.
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     Formal notice of the meeting, together with a proxy statement/prospectus,
is being mailed to shareholders.

     CMI Corporation is an innovator, designer and manufacturer of equipment for
heavy-duty construction and infrastructure applications.  With headquarters in
Oklahoma City, the Company's leading-edge equipment is used to build, maintain
and reconstruct roads, highways, bridges and airport runways. The Company's
product offerings include: asphalt and concrete pavement production plants,
asphalt and concrete paving machines and support equipment, concrete bridge deck
finishers, highway grading machines, base preparation machines, pavement milling
machines, and trailers for transporting paving materials and heavy construction
machinery. The Company also supplies landfill compactors and heavy duty grinding
equipment to waste markets, worldwide.

                             *   *   *   *   *   *

     Terex has filed a registration statement with the SEC on Form S-4 in
connection with the Merger and CMI has filed a proxy statement/prospectus with
the SEC.  Terex and CMI expect to mail the proxy statement/prospectus to CMI's
shareholders on or about August 29, 2001.  Investors and security holders are
urged to read the registration statement and the proxy statement/prospectus
carefully.

     The registration statement and the proxy statement/prospectus contain
important information about Terex, CMI, the Merger, and related matters.
Investors and security holders may obtain free copies of these documents through
the website maintained by the SEC at http://www.sec.gov.  In addition to the
registration statement and the proxy statement/prospectus, Terex and CMI file
annual, quarterly and special reports, proxy statements and other information
with the SEC.  You may read and copy any reports, statements and other
information filed by Terex or CMI at the SEC public reference room at 450 Fifth
Street, N.W., Washington, D.C.  20549 or at the SEC's other public reference
rooms in New York, New York and Chicago, Illinois.  Please call the SEC at
800-SEC-0330 for further information on public reference rooms. Terex's and
CMI's filings with the SEC are also available to the public from commercial
document-retrieval services and the website maintained by the SEC at
http://www.sec.gov.


