Company: STAA
Filing Date: 2025-10-02
Form Type: DFAN14A
Source: 0001213900-25-095514
Chunk: 38

Company: STAAR SURGICAL CO
Filing Date: 2025-10-02
Form: DFAN14A
Chunk 38
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 conflict of interest to allow its own lawyers to serve as acquisition counsel to Alcon 1. Source: Source: STAAR proxy statement on Form DEFM14A, filed with the SEC on September 16, 2025 at 46. 2. Source: LENSAR proxy statement on Form DEFM14A, filed with the SEC on May 19, 2025 at 46. 3. Source: Deerfield Private Design Fund V, L.P. v. Alcon Research, LLC , Del. Ch., No. 2025 - 0201. 4. Source: STAAR Registration Statement on Form S - 8, filed with the SEC on June 21, 2024.

Broadwood Partners, L.P. We Believe the Executives Were Incentivized to Support a Sale 51 5 STAAR’s CEO will earn approximately $24 million in compensation – for five months of work – as a result of the Merger ▪ Under the terms of the Merger Agreement, the NEOs’ equity awards vest upon the consummation of the Proposed Merger (i.e., “si ngl e - trigger”), 1 ensuring the executives receive a significant, immediate and certain payout, even in the absence of performance that would wa rra nt such a payout — A substantial portion of the value of those awards reflects assumed performance at 160% of target levels, 1 with no evidence that the Company’s performance in 2025 would otherwise merit such a generous payout 2 — In our view, this treatment of equity creates an incentive for management to support a transaction, even if it failed to maxi miz e value for public stockholders ▪ In the aggregate, STAAR’s NEOs are poised to earn approximately $55 million in compensation payable in connection with the Pr opo sed Merger 3 — This represents approximately 4% of the total equity value and 11% of the unaffected equity premium, an unusually large porti on of the merger benefits — The Company’s CEO alone stands to receive approximately $24 million in compensation, 3 despite the fact that he had been serving in his role for just five months at the time the Merger Agreement was executed • Faced with the choice of receiving an immediate and significant windfall through a transaction or continuing to labor to crea te long - term value for all stockholders with STAAR as an independent company, we are not surprised that the CEO would be supportive of the Proposed Merg er �