Company: STAA
Filing Date: 2025-09-26
Form Type: DEFA14A
Source: 0001193125-25-219844
Chunk: 26

Company: STAAR SURGICAL CO
Filing Date: 2025-09-26
Form: DEFA14A
Chunk 26
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 Process” STAAR’s Board conducted an extensive review process that considered standalone prospects, the industry landscape, and potential buyers. Merger agreement terms were aggressively negotiated to protect premium value in hand while allowing for a post-signing market check “Wrong Time to Transact” STAAR’s 2Q25 results reflected incremental progress in addressing challenges, but did not signal a return to historical growth or profitability. While some issues in China have been addressed, 2Q25 and 3Q25 trends reinforce STAAR’s Net Sales challenges. There is no “market moving” clinical trial “Inadequate Price” The Alcon merger agreement maximizes value with a compelling price at a significant premium to the price that had been established by an efficient market. Broadwood's claimed value is not supported by STAAR's actual financial performance “Windfall for Executives” Neither STAAR’s Board nor management team changed any component of executive compensation, including change-in-control provisions in connection with the transaction. Alcon’s election to cash-out employee equity awards applies equally to all employees O A B C D EXECUTIVE SUMMARY | PREMIUM VALUE | STANDALONE RISKS | THOUGHTFUL EVALUATION | BROADWOOD CLAIMS Broadwood Partners is asking stockholders to forfeit the all-cash, premium value provided by the Alcon merger and bear STAAR’s significant risks as a standalone company. Broadwood believes that STAAR’s near-term prospects will drive a higher stock price and that now is the wrong time to transact. STAAR’s Board and management team understand STAAR’s business risks and challenges better than Broadwood. STAAR believes the $28.00 per share consideration provides STAAR stockholders greater value than STAAR could achieve on a standalone basis in the foreseeable future.

STAAR's Board conducted an extensive review that considered standalone prospects, the industry landscape, and potential buyers. No competing proposals have been received. “Failing to even engage with the five or ten most likely interested parties left the Board, and us as stockholders, without any basis to be confident that the Board’s chosen transaction was the best available alternative for STAAR. We are confident that a properly conducted process—one that solicited interest from other parties beyond Alcon—would have yielded a much higher price for the Company.” Broadwood Claims The Reality… STAAR’s Board and management are actively involved in the industry and are keenly aware of other potential buyers Regular interactions with other industry participants informed the Board’s conclusion that no other bidders