Company: STAA
Filing Date: 2025-10-30
Form Type: DEFA14A
Source: 0001193125-25-258558
Chunk: 24

Company: STAAR SURGICAL CO
Filing Date: 2025-10-30
Form: DEFA14A
Chunk 24
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 Merger Agreement. After such deliberations, the Board instructed STAAR’s management to engage in further discussions with Alcon. Thereafter, Mr. Farrell reached out to Mr. Endicott to further discuss potential terms of an amendment to the Merger Agreement.

On the morning of October 23, 2025, in advance of the scheduled Special Meeting, the Board met to further consider whether to adjourn the Special Meeting. Members of STAAR’s management and representatives of Citi, Wachtell Lipton and Innisfree attended the meeting. Mr. Farrell provided an update on the status of discussions with Alcon, including Alcon’s rejection of STAAR’s request that Alcon agree to an increase in the Merger Consideration. The Board determined that further time was needed to discuss with Alcon and consider potential amendments to the Merger Agreement, and instructed STAAR’s management to suggest that Alcon and STAAR mutually agree to adjourn the Special Meeting in light of ongoing discussions. Thereafter, Mr. Farrell reached out to Mr. Endicott to confirm such mutual agreement.

On October 23, 2025, Mr. Farrell convened the Special Meeting at 8:30 a.m. Pacific Time and promptly adjourned the meeting, without calling for a vote of the stockholders. Promptly thereafter, Alcon and STAAR issued a joint press release announcing that they had agreed to adjourn the Special Meeting until 8:30 a.m. Pacific Time on November 6, 2025.

On October 24, 2025, the Broadwood Group issued a press release criticizing the decision by STAAR and Alcon to delay the final vote on the Merger Proposal, and indicated that it intends to call a special meeting of STAAR stockholders to seek the removal of Dr. Yeu, Mr. Farrell and Mr. Arthur Butcher from the Company’s Board.

On October 24, 2025, the Board met to discuss potential next steps in connection with the Special Meeting and discussions with Alcon. Mr. Farrell provided an update on the status of discussions with Alcon, and indicated that Alcon believed it was important that the Merger Agreement be amended to allow for a 45-day go-shopprocess, to eliminate the termination fee for acquisition proposals made by certain qualifying bidders during the go-shopperiod, to eliminate Alcon’s matching rights for superior offers, and to make certain other changes to the Merger Agreement. Mr. Farrell also noted that Alcon had