-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OHlQNIwZp+jfNxpAC6mngeQCpEQs0e/MN1+9vppsyxnZz0YHiwKd2kIWa0o36L4s sHciAzfgGZ4brgxKSwOSgQ== 0000950137-96-002456.txt : 19961202 0000950137-96-002456.hdr.sgml : 19961202 ACCESSION NUMBER: 0000950137-96-002456 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19961127 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: KENSEY NASH CORP CENTRAL INDEX KEY: 0001002811 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 363316412 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-27120 FILM NUMBER: 96674179 BUSINESS ADDRESS: STREET 1: 55 E UWCHLAN AVE STREET 2: STE 204 CITY: EXTON STATE: PA ZIP: 19341 BUSINESS PHONE: 6105947156 MAIL ADDRESS: STREET 1: 55 EAST UWCHLAN AVE STREET 2: STE 201 CITY: EXTON STATE: PA ZIP: 19341 DEFA14A 1 DEFINITIVE ADDITIONAL MATERIALS 1 --------------------------- OMB APPROVAL -------------------------- OMB Number: 3235-0059 Expires: December 31, 1997 Estimated average burden hours per response...... 89 --------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A INFORMATION REQUIRED IN PROXY STATEMENT PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1) Filed by the registrant [x] [ ] CONFIDENTIAL, FOR USE OF THE COMMISSION ONLY (AS PERMITTED Filed by a party other than the registrant [ ] RULE 14A-6(E)(2)) Check the appropriate box: [ ] Preliminary proxy statement [ ] Definitive proxy statement [x] Definitive Additional Materials [ ] Soliciting material pursuant to Section 240.14a-11(c) or Section 240.14a-12 KENSEY NASH CORPORATION - ------------------------------------------------------------------------------- (Name of Registrant as Specified in Its Charter) - ------------------------------------------------------------------------------- (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of filing fee (Check the appropriate box): [ ] $125 per Exchange Act Rule 0-11(c)(1)(ii), 14a-6(i)(1), or 14a-6(i)(2). [ ] $500 per each party to the controversy pursuant to Exchange Act Rule 14a-6(i)(3). [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. (1) Title of each class of securities to which transaction applies: - -------------------------------------------------------------------------------- (2) Aggregate number of securities to which transaction applies: - -------------------------------------------------------------------------------- (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): - -------------------------------------------------------------------------------- (4) Proposed maximum aggregate value of transaction: - -------------------------------------------------------------------------------- (5) Total fee paid: - -------------------------------------------------------------------------------- [ ] Fee paid previously with preliminary materials. [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. (1) Amount previously paid: - -------------------------------------------------------------------------------- (2) Form, Schedule or Registration Statement No.: - -------------------------------------------------------------------------------- (3) Filing party: - -------------------------------------------------------------------------------- (4) Date filed: - -------------------------------------------------------------------------------- 2 [KENSEY NASH LETTERHEAD] November 27, 1996 To All Kensey Nash Stockholders: This letter serves to notify all the stockholders of Kensey Nash Corporation of changes to the Company's Proxy Statement (the "Proxy Statement") filed with the Securities and Exchange Commission (the "SEC") on October 30, 1996. The Summary Compensation Table on page 6 of the Proxy Statement erroneously presented bonuses earned during the fiscal year ended June 30, 1995 by each of the Company's four officers as bonuses earned during the fiscal year ended June 30, 1996. There were no bonuses earned by such officers for fiscal 1996. All bonuses presented on the fiscal 1996 line within the Summary Compensation Table should appropriately be presented on the fiscal 1995 line, consistent with the Company's Form S-1, declared effective by the SEC on December 13, 1995. This topic was also discussed in the Report of the Compensation Committee of the Board of Directors. All bonuses discussed in such Report as earned in fiscal 1996 should appropriately read as earned in fiscal 1995. Also, in the Other Annual Compensation column of the Summary Compensation Table, due to a typographical error, the information for Joseph W. Kaufmann referred to Footnote (1), but should refer to Footnote (2). Following is the corrected Summary Compensation Table: 3 EXECUTIVE COMPENSATION AND CERTAIN TRANSACTIONS The following table sets forth information with respect to the cash compensation paid by the Company for services rendered during the fiscal years ended June 30, 1996, 1995 and 1994 to its chief executive officer and the other executive officers of the Company whose total annual salary and bonus exceeded $100,000 during fiscal year 1996 (each, a "Named Executive Officer). SUMMARY COMPENSATION TABLE
Long-Term Compensation Annual Compensation Awards -------------------- ------------ Securities Other Annual Underlying Salary Bonus Compensation Options Name and principal position Year ($) ($) ($) (#) - ---------------------------- ----- -------- --------- ------------- ------------ Kenneth R. Kensey, M.D. 1996 $200,000 -- $ 9,000(1) -- Chairman of the Board 1995 $200,000 $100,000 $ 8,567(1) -- 1994 $200,000 $ 30,000 $ 8,653(1) -- John E. Nash, P.E. 1996 $200,000 -- $ 9,018(1) -- Vice Chairman of the Board 1995 $200,000 $ 50,000 $ 8,567(1) -- and Executive Vice President 1994 $200,000 $ 30,000 $ 8,653(1) -- Joseph W. Kaufmann 1996 $200,000 -- $2,533,143(2) 60,000 President, Chief Financial 1995 $164,181 $100,000 -- -- Officer, Secretary and Director 1994 $100,249 $ 1,923 -- -- Douglas G. Evans, P.E. 1996 $107,019 -- $ 840,000(2) 30,000 Chief Operating Officer and 1995 $ 80,870 $ 50,000 -- -- Director 1994 $ 65,930 $ 7,449 -- -- - -----------------------------
(1) Represents allowance for automobile. (2) Represents the fair market value in excess of the price paid by such employee for certain employee stock rights which were converted into Common Stock on the date of the Company's initial public offering. We apologize for any inconvenience these mistakes may have caused. Sincerely, Joseph W. Kaufmann President and Chief Executive Officer This letter serves as a part of the Proxy Statement. -2- -----END PRIVACY-ENHANCED MESSAGE-----