UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT Pursuant to
Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of report (Date of earliest event reported): August 15, 2017
STAAR Surgical Company
(Exact Name of Registrant as Specified in Charter)
Delaware | 0-11634 | 95-3797439 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
1911 Walker Ave., Monrovia, California | 91016 | |
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s Telephone Number, Including Area Code 626-303-7902
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1 933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 7.01 Regulation FD Disclosure.
STAAR Surgical Company issued a press release regarding a cooperation agreement with a customer, Seoul/Busan BalGeunSeSang Eye Clinic. A copy of the press release is furnished as Exhibit 99.1 to this Report, and is incorporated herein by this reference.
The information furnished herewith pursuant to Item 7.01 of this Current Report, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. The information in Item 7.01 of this Current Report shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date of this Current Report, regardless of any general incorporation language in the filing.
Item 9.01 Financial Statements and Exhibits
(d) | Exhibits |
Exhibit No. | Description | |
99.1 | Press Release dated August 15, 2017. |
SIGNATURE
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.
STAAR Surgical Company | ||
August 15, 2017 | By: | /s/ Caren Mason |
Caren Mason | ||
President and Chief Executive Officer |
Exhibit 99.1
STAAR Surgical and Seoul/Busan BalGeunSeSang Eye Clinic Announce Strategic Cooperation Agreement
MONROVIA, CA, August 15, 2017---STAAR Surgical Company (NASDAQ: STAA) a leading developer, manufacturer and marketer of implantable lenses and delivery systems for the eye, and Dr. Jong Ho Lee, Seoul/Busan BalGeunSeSang Eye Clinic today announced they have entered into an Strategic Cooperation Agreement to provide STAAR’s EVO intraocular lenses (ICL) as a primary and premium option for patients seeking visual freedom from spectacles and contact lenses through refractive eye treatment.
“I am very excited that my clinic became a strategic partnership account with STAAR Surgical Company and I expect to introduce the ICL to many more patients so they can experience the high quality of vision in their lives,” said Dr. Jong Ho Lee, President of Seoul/Busan BalGeunSeSang Eye Clinic. “I have been dedicated to demonstrating the safety and efficacy of the ICL. Over the last 15 years I have implanted more than 30,000 ICL’s in my clinics. I am proud that our Clinics have 13 elite Ophthalmic Surgeons and more than 150 staff members dedicated to helping us provide excellent visual results to our patients,” concluded Dr. Lee.
“STAAR is pleased to have entered into this Strategic Cooperation Agreement with Dr. Jong Ho Lee, Seoul/Busan BalGeunSeSang Eye Clinic. Dr. Lee has been an outstanding supporter of the ICL and has implanted more ICL’s than any other surgeon. This new level of partnership includes a commitment to position the ICL as the primary treatment for patients presenting with minus 8 diopter or above corrections leading to higher refractive procedure share. We are also providing co-marketing and digital marketing support of the ICL, training programs for certified surgeons and staff and new product early access and development cooperation. STAAR considers strategic cooperation agreements as fundamental to its transformational goal to provide outstanding vision care experience and outcomes for patients with exceptional clinical support as a core tenet,” said Caren Mason, President & CEO of STAAR.
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About STAAR Surgical
STAAR, which has been dedicated solely to ophthalmic surgery for over 30 years, designs, develops, manufactures and markets implantable lenses for the eye with companion delivery systems. These lenses are intended to provide visual freedom for patients, lessening or eliminating the reliance on glasses or contact lenses. All of these lenses are foldable, which permits the surgeon to insert them through a small incision. STAAR’s lens used in refractive surgery is called an Implantable Collamer® Lens or “ICL”. More than 700,000 Visian ICLs, which includes the EVO Visian ICL product line, have been implanted to date. To learn more about the ICL go to: www.discovericl.com. STAAR has approximately 340 full-time equivalent employees and markets lenses in over 60 countries. Headquartered in Monrovia, CA, the company operates manufacturing facilities in Aliso Viejo, CA and Monrovia, CA. For more information, please visit the Company’s website at www.staar.com.
Safe Harbor
All statements in this press release that are not statements of historical fact are forward-looking statements, including statements about any of the following: any projections or expectations for sales, marketing and clinical initiatives, performance of products, and any statements of assumptions underlying any of the foregoing. Important additional factors that could cause actual results to differ materially from those indicated by such forward-looking statements are set forth in the Company’s Annual Report on Form 10-K for the year ended December 30, 2016 under the caption “Risk Factors,” which is on file with the Securities and Exchange Commission and available in the “Investor Information” section of the company’s website under the heading “SEC Filings.” We disclaim any intention or obligation to update or revise any financial projections or forward-looking statement due to new information or events.
These statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements.
CONTACT: | Investors & Media |
EVC Group
Brian Moore, 310-579-6199
Doug Sherk, 415-652-9100
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