Company: STAA
Filing Date: 2025-11-17
Form Type: DEFA14A
Source: 0001193125-25-284603
Chunk: 17

Company: STAAR SURGICAL CO
Filing Date: 2025-11-17
Form: DEFA14A
Chunk 17
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 November 6 meeting, a representative of Wachtell Lipton apprised the Board of the terms of the proposed amendment, the substantially final form of which had been provided to the Board prior to the meeting, and noted that the parties were continuing to discuss whether to eliminate the termination fee payable by STAAR where the Merger Agreement is terminated in certain circumstances and, within 12 months following such termination, STAAR enters into a definitive agreement with respect to an alternative proposal and such transaction is subsequently consummated (the “tail fee”). Following such discussion, the Board, with one director dissenting, approved the entry into the Amendment subject to elimination of the tail fee, and determined to recommend the adoption of the amended Merger Agreement by the Company’s stockholders at the Special Meeting. The dissenting director noted, among other things, that certain of STAAR’s stockholders opposed the Merger Proposal and had publicly objected to a go-shop,and the director also expressed concern that potential alternative acquirers may be disincentivized to participate in a go-shopprocess.

On the morning of November 7, 2025, Gibson Dunn confirmed that Alcon had agreed to eliminate the tail fee. Shortly thereafter, the parties executed the Amendment and, in connection therewith, STAAR postponed the Special Meeting to December 19, 2025 at 8:30 a.m. Pacific Time. Thereafter, STAAR issued a press release and filed a Current Report on Form 8-Kwith the Amendment.

Also on November 7, 2025, Citi began outreach to potential acquirers of STAAR to solicit interest in participating in the go-shopprocess.

On November 10, 2025, Broadwood issued a press release to, among other things, call for the appointment of new directors to the Board in order to oversee the go-shopprocess.

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(7) Supplements to “Recommendation of the Board and Reasons for the Merger” The last full sub-bulleton page 49 of the proxy statement is hereby amended and supplemented as follows:

| • |     | the ability of STAAR to (i) during the                                                                                                                                                                                                                
 go-shop period, solicit, facilitate and encourage (including by furnishing non-public information) any                                                                                                                                                
 Acquisition Proposals from third parties and engage in discussions or negotiations regarding any such proposals, without any ongoing obligation to notify Alcon of any Acquisition Proposals received during the                                      
 go-shop period or any right of Alcon to “match” any Acquisition Proposal