- Additional Proxy Soliciting Materials - Non-Management (definitive) (DFAN14A)
February 25 2009 - 3:49PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
SCHEDULE 14A
(Rule
14a-101)
INFORMATION
REQUIRED IN PROXY STATEMENT
SCHEDULE
14A INFORMATION
Proxy
Statement Pursuant to Section 14(a) of the Securities Exchange Act of
1934
(Amendment
No. )
Filed by
the Registrant
¨
Filed by
a Party other than the Registrant
x
Check the
appropriate box:
o
Preliminary
Proxy Statement
¨
Confidential,
for Use of the Commission Only (as permitted by Rule14a-6(e)(2))
¨
Definitive
Proxy Statement
x
Definitive
Additional Materials
o
Soliciting
Material Under Rule 14a-12
|
(Name
of Registrant as Specified in Its Charter)
|
|
STEPHEN
N. JOFFE
CRAIG
P.R. JOFFE
ALAN
H. BUCKEY
JASON
T. MOGEL
ROBERT
PROBST
EDWARD
J. VONDERBRINK
ROBERT
H. WEISMAN
THE
LCA-VISION FULL VALUE COMMITTEE
|
(Name
of Persons(s) Filing Proxy Statement, if Other Than the
Registrant)
|
Payment
of Filing Fee (Check the appropriate box):
x
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fee required.
¨
Fee
computed on table below per Exchange Act Rules 14a-6(i)(1) and
0-11.
(1) Title
of each class of securities to which transaction applies:
(2) Aggregate
number of securities to which transaction applies:
|
(3)
|
Per
unit price or other underlying value of transaction computed pursuant to
Exchange Act Rule 0-11 (set forth the amount on which the filing fee is
calculated and state how it was
determined):
|
(4) Proposed
maximum aggregate value of transaction:
(5) Total
fee paid:
¨
Fee
paid previously with preliminary materials:
¨
Check
box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2)
and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement
number, or the form or schedule and the date of its filing.
(1) Amount
previously paid:
(2) Form,
Schedule or Registration Statement No.:
(3) Filing
Party:
(4) Date
Filed:
On
February 6, 2009, The LCA-Vision Full Value Committee (the “Committee”) made a
definitive filing with the Securities and Exchange Commission (“SEC”) of a
consent solicitation statement relating to the solicitation of written consents
from stockholders of LCA-Vision Inc., a Delaware corporation (the “Company”), in
connection with seeking to remove and replace the current members of the Board
of Directors of the Company.
Item 1:
On February 25, 2009, the Committee issued the following press
release:
The
LCA-Vision Full Value Committee Files Detailed Presentations
Wednesday
February 25, 6:30 am ET
Outlines
the Sharp and Substantial Deterioration of Stockholder Value under the Current
Board and Management Team
Discloses
Details of Plan to Restore Value for Benefit of All
Stockholders
CINCINNATI--(BUSINESS
WIRE)--The LCA-Vision Full Value Committee announced today that it has filed
presentations with the Securities and Exchange Commission in connection with the
Full Value Committee’s solicitation of consents to replace the existing Board of
Directors of LCA-Vision, Inc. (NASDAQ:
LCAV
-
News
) (“LCAV”) with
the Full Value Committee’s five highly qualified nominees. The presentations
provide (i) a comprehensive review of the multiple problems currently facing
LCAV as a result of the grave failures by the LCAV Board and senior management
to prudently manage the critical drivers of the business, (ii) specific details
about the Full Value Committee’s plan for restoring value at LCA-Vision, and
(iii) a thorough analysis of the reasons we believe the current management’s
plan is destined to fail. The presentations and other proxy materials are
available free of charge at
www.sec.gov
or at
www.LCAVisionFullValueCommittee.com
.
In the presentations, the
Full Value Committee outlines LCA
-Vision’s dramatic financial
underperformance and shows that significant operational, financial and
governance problems continue to plague the Company and materially impair
stockholder value. Specifically, the presentations address and
detail:
·
|
The Financial
Catastrophe
that
has taken place under CEO Steve Straus and the current Board
,
including the sharp deterioration in LCA-Vision’s stock price; market
capitalization; enterprise value; cash flows; same store procedural volume
and revenues; marketing efficiencies and effectiveness; and market share,
among other key metrics;
|
·
|
The Numerous Failures
of the Current LCA-Vision
Board and Senior Management Team
;
and
|
·
|
The Full Value
Committee’s
Turnaround Plan for Restoring
Value at LCA-Vision
, including how they will grow the current
business; restore the broken relationships with the Company’s affiliated
physicians, who generate 100% of the Company’s revenues; work to improve
efficiency and reduce costs strategically; build marketing into a core
competency of the Company and significantly drive down marketing costs;
and
how they
will improve patient quality of care, among other key
initiatives.
|
The Full Value Committee
urges all stockholders to vote the
WHITE
consent card to help
remove the current Board that has p
resided over a loss of over $1 billion
in stockholder value and, in its place, to install competent, experienced
directors and a proven executive management team with the financial incentives,
commitment and requisite experience to
Restore
the Value and Restore the Vision to LCA-Vision
. Vote for change on the
WHITE
consent card – Today!
CERTAIN
INFORMATION CONCERNING PARTICIPANTS
On
February 6, 2009, The LCA-Vision Full Value Committee made a definitive filing
with the Securities and Exchange Commission (“SEC”) of a consent solicitation
statement relating to the solicitation of written consents from stockholders of
the Company in connection with seeking to remove and replace the current members
of the Board of Directors of the Company.
THE
LCA-VISION FULL VALUE COMMITTEE ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ
THE CONSENT SOLICITATION STATEMENT AND ANY OTHER SOLICITATION MATERIALS AS THEY
BECOME AVAILABLE BECAUSE THEY CONTAIN IMPORTANT INFORMATION. SUCH SOLICITATION
MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC’S WEB SITE AT
HTTP://WWW.SEC.GOV
.
IN ADDITION, THE PARTICIPANTS IN THIS SOLICITATION WILL PROVIDE COPIES OF THE
CONSENT SOLICITATION STATEMENT WITHOUT CHARGE UPON REQUEST. REQUESTS FOR COPIES
SHOULD BE DIRECTED TO THE PARTICIPANTS’ SOLICITOR BY CALLING, TOLL-FREE, (888)
750-5834.
The
participants in the consent solicitation are Dr. Stephen N. Joffe, Craig P.R.
Joffe, Alan H. Buckey, Jason T. Mogel, Robert Probst, Robert H. Weisman and
Edward J. VonderBrink.
As of the
date of this filing, Dr. Joffe directly beneficially owns 1,171,952 shares of
Common Stock of the Company, Craig P.R. Joffe directly beneficially owns 865,468
shares of Common Stock of the Company, and Alan H. Buckey directly beneficially
owns 77,900 shares of Common Stock of the Company.
For the
purposes of Rule 13d-5(b)(1) of the Securities Exchange Act of 1934, as amended,
each of the participants in this solicitation is deemed to beneficially own the
shares of Common Stock of the Company beneficially owned in the aggregate by the
other participants. Each of the participants in this proxy solicitation
disclaims beneficial ownership of such shares of Common Stock except to the
extent of his or its pecuniary interest therein.
Contact:
For The
LCA-Vision Full Value Committee
and
Stephen N. Joffe
Lisa
Blaker, 513-600-1867
(MM) (NASDAQ:LCAV)
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