-----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, FQhG43hHsHCZB0DEQpEUXuwgppndJNvIU0QgdlTfGFLgKK6QsroLi+1BLhuNlNQS 59s6CB7Cjth5n5HhvaSjwg== 0000906318-00-500029.txt : 20001211 0000906318-00-500029.hdr.sgml : 20001211 ACCESSION NUMBER: 0000906318-00-500029 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20001207 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20001208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LCA VISION INC CENTRAL INDEX KEY: 0001003130 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-SPECIALTY OUTPATIENT FACILITIES, NEC [8093] IRS NUMBER: 112882328 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-27610 FILM NUMBER: 785669 BUSINESS ADDRESS: STREET 1: 7840 MONTGOMERY RD CITY: CINCINNATI STATE: OH ZIP: 45236 BUSINESS PHONE: 5137929292 MAIL ADDRESS: STREET 1: 7840 MONTGOMERY ROAD CITY: CINCINNATI STATE: OH ZIP: 45236 8-K 1 lca8kbb.htm LCA-VISION INC. FORM 8-K COMMON STOCK BUYBACK

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549





FORM 8-K





CURRENT REPORT





Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934







Date of Report: December 7, 2000

(Date of earliest event reported)







LCA-Vision Inc.

(Exact name of Registrant as specified in its Charter)









Delaware

(State or other jurisdiction of incorporation)

0-27610

(Commission File No.)

11-2882328

(IRS Employer Identification Number)









7840 Montgomery Road, Cincinnati, Ohio 45236
(Address of principal executive offices) (Zip Code)








Registrant's telephone number, including area code: (513)792-9292





N/A

(Former name or former address, if changed since last report)





Item 5. Other Events



LCA-Vision Inc. issued a press release announcing that its board of directors has authorized the repurchase of an additional 5 million shares of common stock in the open market.



Item 7. Financial Statements and Exhibits



(a) Exhibits



99.1 Press Release dated December 7, 2000.





SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.





LCA-VISION INC.
Date: December 7, 2000 By: /s/Alan H. Buckey

Alan H. Buckey

Executive Vice President,

Chief Financial Officer and

Treasurer















Exhibit 99.1













Company Contacts Investor Relations Contacts Media Contact
LCA-Vision, Inc. Lippert/Heilshorn & Associates, Inc. The Dilenschneider Group
Stephen N. Joffe, Chairman & CEO Bruce Voss (Bruce@lhai.com) Joel Pomerantz
Alan Buckey, CFO Zachary Bryant (Zachary@lhai.com) (212) 922-0900
(513) 792-9292 (310) 575-4848
www.lca-vision.com www.lhai.com
www.lasikplus.com










LCA-VISION TO BUY BACK UP TO AN ADDITIONAL 5 MILLION SHARES



3.8 Million Shares Already Repurchased of the 5 Million Shares

Authorized by the Board of Directors in June



CINCINNATI (December 7, 2000) - LCA-Vision Inc. (Nasdaq: LCAV) (Easdaq: LCAV), a leading provider of laser vision correction services across the U.S., today announced that its board of directors has authorized the repurchase of an additional 5 million shares of common stock in the open market. The repurchase authorization, representing approximately 10 percent of shares outstanding, is in addition to the five million share repurchase authorized by the company's board in June 2000.



Under that earlier authorization, LCA-Vision has already bought back 3.8 million shares at an average price of $2.24 per share. The repurchase program will continue into 2001.



Stephen N. Joffe, chairman and chief executive officer of LCA Vision, stated, "At the end of the third quarter, the Company had cash and short-term investments of $39.4 million and virtually no debt. With our stock dramatically under valued, buying back shares at today's prices represents an attractive opportunity to increase shareholder returns by decreasing the number of shares outstanding." He added, "Share repurchases will not impact our growth plans for the coming year."



LCA-Vision currently owns and operates 33 LasikPlus value-priced laser vision correction facilities in the U.S., as well as two centers in Canada and one in Europe. In addition, LCA-Vision has licensed its business model to Japan's Rei Corporation, which to date has opened one LasikPlus center in Tokyo.



For additional information, please visit the Company's web sites at www.lca-vision.com and www.lasikplus.com.



This news release contains forward-looking statements that are subject to risks and uncertainties including, but not limited to, the impact of competition and pricing, procedure demand and marketplace acceptance, and unforeseen fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.

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