-----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, IJMxoIMVzyGcvwBAq03LBZ0xbGa8GNUGsnPVP0MmeqlDe8wAiD9mopGVMtMKoIZX cTKEBgyncw2dM5Q0ei/tXA== 0000892251-08-000078.txt : 20080229 0000892251-08-000078.hdr.sgml : 20080229 20080229101943 ACCESSION NUMBER: 0000892251-08-000078 CONFORMED SUBMISSION TYPE: DFAN14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080229 DATE AS OF CHANGE: 20080229 EFFECTIVENESS DATE: 20080229 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TLC VISION CORP CENTRAL INDEX KEY: 0001010610 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-SPECIALTY OUTPATIENT FACILITIES, NEC [8093] IRS NUMBER: 980151150 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DFAN14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-29302 FILM NUMBER: 08653189 BUSINESS ADDRESS: STREET 1: 5280 SOLAR DRIVE STREET 2: SUITE 100 CITY: MISSISSAUGA ONTARIO STATE: A6 ZIP: 00000 BUSINESS PHONE: 636-534-2300 MAIL ADDRESS: STREET 1: 16305 SWINGLEY RIDGE ROAD STREET 2: SUITE 300 CITY: CHESTERFIELD STATE: MO ZIP: 63017 FORMER COMPANY: FORMER CONFORMED NAME: TLC LASER CENTER INC DATE OF NAME CHANGE: 19960314 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JOFFE STEPHEN N CENTRAL INDEX KEY: 0001030711 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-NURSING & PERSONAL CARE FACILITIES [8050] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DFAN14A 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 DFAN14A 1 schedule14a.htm SCHEDULE 14A schedule14a.htm

 
UNITED STATES
 
SECURITIES AND EXCHANGE COMMISSION
 
WASHINGTON, D.C. 20549
 
SCHEDULE 14A
 
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES
 
EXCHANGE ACT OF 1934 (AMENDMENT NO. )
 

Filed by the Registrant o
Filed by a Party other than the Registrant x
Check the appropriate box:
  o
Preliminary Proxy Statement
  o
Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
  o
Definitive Proxy Statement
  o
Definitive Additional Materials
  x
Soliciting Material Pursuant to Section 240.14a-12
   

TLC VISION CORPORATION
(Name of Registrant as Specified in Its Charter)

STEPHEN N. JOFFE
(Name of Person(s) Filing Proxy Statement if other than the Registrant)

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(1)
Title of each class of securities to which transaction applies:
 
(2)
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(3)
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(4)
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(1)
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(2)
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Dr. Stephen Joffe filed a Schedule 13D with the Securities Exchange  Commission (“SEC”) on February 21, 2008 (as amended by Amendment No. 1 to Schedule 13D filed on February 27, 2008 and Amendment No. 2 to Schedule 13D filed on February 29, 2008, the “Schedule 13D”) that included Item 4 which states as follows:
 
“Item 4.  Purpose of Transaction.
 
The Reporting Person had previously acquired beneficial ownership in excess of 5% of the Shares and reported his acquisition on a Schedule 13D filed on March 3, 2006.  As a result of the Reporting Person’s disposition of Shares in the Issuer’s Dutch Auction tender offer competed in June 2007, the Reporting Person’s beneficial ownership of Shares declined to 2.6%, and the Reporting Person filed Schedule 13D Amendment No. 1 on July 2, 2007 to report that the Reporting Person had ceased to be the beneficial owner of more than 5% of the Shares as a final amendment to Schedule 13D and an exit filing.
 
Since the completion of the Issuer’s Dutch Auction tender offer, the Reporting Person has acquired additional Shares for the same reason that the Reporting  Person had initially acquired Shares—for investment because he believed that the Shares, when purchased, were undervalued and represented an attractive investment opportunity.
 
The Reporting Person has made multiple attempts to engage the management or the Board of Directors of the Issuer in a constructive dialogue regarding the operations of the Issuer, but to date, the Reporting Person has not been satisfied with the Issuer’s responsiveness.  After the Reporting Person’s most recent failed attempt, the Reporting Person delivered a letter dated February 14, 2008 to the Chairman of the Board of Directors of the Issuer setting forth the Reporting Person’s dissatisfaction with the Issuer’s profitability and Share price performance and requesting a meeting with the full Board of Directors of the Issuer to discuss the possibility of having the Reporting Person join the Issuer in the capacity of executive chairman.  The letter requested a response from the Issuer by the close of business on February 18, 2008.  The Reporting Person did not receive any response from the Issuer except for an email requesting an extension of the response deadline in light of the fact that the Issuer could not arrange a meeting of the Board in a timely fashion.  The Reporting Person has not responded to the request for additional time because of the Reporting Person’s past experiences with respect to other inquiries made of the Issuer in recent years by the Reporting Person.
 
In addition to proposed actions regarding the Shares as set forth in the February 14, 2008 letter, the Reporting Person is considering other actions to protect his investment in the Shares, including seeking representation on the Board of Directors of the Issuer to implement strategic and business model changes to improve the Issuer’s performance.
 

 
 

 

On February 19, 2008, the Reporting Person, through the grant of a proxy as discussed below in Item 5(b), acquired beneficial ownership of more than 5% of the Shares
 
The Reporting Person has also issued a press release regarding his acquiring beneficial ownership of more than 5% of the Shares and sent a letter to the Issuer requesting review the Issuer’s share register as permitted by New Brunswick law.
 
The letter dated February 14, 2008 is filed with this Schedule 13D as Exhibit 99.3, and the Press Release is filed with this Schedule 13D as Exhibit 99.4.
 
Other than as set forth above, the Reporting Person does not have any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D.  The Reporting Person intends to review his investment in the Issuer on a continuing basis and retains the right to change his investment intent, to propose one or more possible transactions to the Issuer, to acquire additional Shares from time to time or to sell or otherwise dispose of all or part of the Shares beneficially owned by him in any manner permitted by law.  Depending on various factors including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Person may in the future take such actions with respect to his investment in the Issuer as he deems appropriate including, without limitation, communication with other stockholders, making additional proposals to the Issuer concerning the capitalization, business and operations of the Issuer, acquiring additional Shares or other securities of the Issuer for cash or other consideration or selling some or all of his Shares or to change his intention with respect to any and all matters referred to in Item 4.
 
Supplemented by Amendment No. 1 to Schedule 13D
 
The following information supplements the Reporting Person’s response to Item 4 in the Reporting Person’s Schedule 13D filed on February 21, 2008.
 
 The Reporting Person received a letter from the TLC Vision Corporation (the “Issuer”) on February 21, 2008.  The Issuer also disclosed the letter by press release and Form 8-K filed by the Issuer on February 21, 2008.
 
 The Reporting Person sent the Issuer a letter dated February 27, 2008 and issued a press release on February 27, 2008.  The letter and press release are attached as Exhibit 99.5.
 

 
 

 

Supplemented by Amendment No. 2 to Schedule 13D
 
The following information supplements the Stephen N. Joffe’s (the “Reporting Person”) response to Item 4 in the Reporting Person’s Schedule 13D filed on February 21, 2008 as amended on February 27, 2008.
 
The Reporting Person is considering, either alone or with other holders of common shares of TLC Vision Corporation  (the “Issuer”), nominate persons for election to the Board of Directors of the Issuer at the Issuer’s 2008 Annual Meeting.  The Reporting Person and its advisors intend to engage in discussions regarding nominations to the Board of Directors of the Issuer with other holders of common shares.”
 
The letters to the Issuer and press releases referenced above are incorporated by reference in this Schedule 14A from referenced exhibit to the Schedule 13D.
 
ALL STOCKHOLDERS OF THE ISSUER ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY STEPHEN N. JOFFE FROM THE STOCKHOLDERS OF THE ISSUER FOR USE AT THE 2008 ANNUAL MEETING OF STOCKHOLDERS OF THE ISSUER WHEN AND IF THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. WHEN AND IF COMPLETED, THE DEFINITIVE PROXY STATEMENT AND FORM OF PROXY WILL BE MAILED TO STOCKHOLDERS OF THE ISSUER AND WILL, ALONG WITH OTHER RELEVANT DOCUMENTS, BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE AT HTTP://WWW.SEC.GOV.   IN ADDITION, STEPHEN N. JOFFE WILL PROVIDE COPIES OF THE DEFINITIVE PROXY STATEMENT WITHOUT CHARGE UPON REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO INNISFREE M&A INCORPORATED AT ITS TOLL-FREE NUMBER:(888) 750-5834.   INFORMATION RELATING TO STEPHEN N. JOFFE IS CONTAINED IN THE SCHEDULE 13D.
 

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