Company: STAA
Filing Date: 2025-12-10
Form Type: DEFA14A
Source: 0001193125-25-314435
Chunk: 10

Company: STAAR SURGICAL CO
Filing Date: 2025-12-10
Form: DEFA14A
Chunk 10
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7, 2025, representatives of Citi and Wachtell Lipton discussed the outcome of the go-shop process and the draft Second Amendment with representatives of Morgan Stanley and Gibson Dunn, respectively. In addition, members of STAAR’s management met with the Chair of STAAR’s Compensation Committee to further discuss the draft Second Amendment, including the permissibility of certain of Alcon’s proposed changes under the terms of STAAR’s existing equity plan.

On the morning of December 8, 2025, STAAR issued a press release announcing the results of the go-shop process.

Later on December 8, 2025, Mr. Endicott and Mr. Farrell discussed Alcon’s proposed draft of the Second Amendment. In response to Mr. Farrell’s request that Alcon consider increasing the Merger Consideration above $30.75 per share, Mr. Endicott indicated that $30.75 per share represented Alcon’s best and final offer.

Also on December 8, 2025, representatives of Gibson Dunn provided representatives of Wachtell Lipton a draft of the Second Amendment which was revised from Alcon’s December 5 draft to, among other things, specify $30.75 per share as the increased amount of the Merger Consideration.

8

On December 8, 2025, a meeting of the Board was held in order for the Board to review and consider the revised draft Second Amendment. The Board discussed potential next steps and considered, among other things, (i) the Board’s fiduciary duties to stockholders, (ii) the proposed terms of the Second Amendment, a substantially final form of which was reviewed with the Board, (iii) potential perspectives of stockholders and proxy advisors on the terms of the proposed Second Amendment, including the increase in Merger Consideration contemplated thereby, (iv) obligations of STAAR under the existing Merger Agreement and (v) the fact that no Acquisition Proposals were received during the go-shop period. The Board noted that the Alcon proposal allowed the Board to consider potential mitigation actions to address the 280G tax matters in the event the Merger Proposal was approved by STAAR’s stockholders. A representative of Wachtell Lipton noted that the parties were continuing to discuss the exchange ratio used to determine the number of Alcon shares to be issued in respect of STAAR RSU Awards and STAAR PSU Awards, in order to comply with the terms of STAAR’s existing equity plan. Following such discussion,