-----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, IR99GG5ESkGTQGqWtrzaAWt5nZeW4/15qHk78PEGJXt2dPAVbVhZyyJOwVpAw2sD wi251qnvk2V/YgMgye2XaA== 0000928475-03-000090.txt : 20030527 0000928475-03-000090.hdr.sgml : 20030526 20030527141457 ACCESSION NUMBER: 0000928475-03-000090 CONFORMED SUBMISSION TYPE: DFAN14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030527 EFFECTIVENESS DATE: 20030527 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VISX INC CENTRAL INDEX KEY: 0000837991 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 061161793 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DFAN14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-10694 FILM NUMBER: 03719730 BUSINESS ADDRESS: STREET 1: 3400 CENTRAL EXPRESSWAY CITY: SANTA CLARA STATE: CA ZIP: 95051 BUSINESS PHONE: 4087332020 MAIL ADDRESS: STREET 1: VISX INC STREET 2: 3400 CENTRAL EXPRESSWAY CITY: SANTA CLARA STATE: CA ZIP: 95051-0703 FORMER COMPANY: FORMER CONFORMED NAME: TAUNTON TECHNOLOGIES INC DATE OF NAME CHANGE: 19901212 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ICAHN CARL C ET AL CENTRAL INDEX KEY: 0000921669 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DFAN14A BUSINESS ADDRESS: STREET 1: 100 SOUTH BEDFORD ROAD CITY: MT KISCO STATE: NY ZIP: 10549 BUSINESS PHONE: 9142427700 MAIL ADDRESS: STREET 1: 200 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10166 DFAN14A 1 sch14amay27.txt VISX INCORPORATED SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. __) Filed by the Registrant [ ] Filed by a Party other than the Registrant [x] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [ ] Definitive Proxy Statement [X ] Definitive Additional Materials [ ] Soliciting Material Pursuant to Section 240.14a-12 VISX, Incorporated (Name of Registrant as Specified In Its Charter) Carl C. Icahn, Barberry Corp. and High River Limited Partnership (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (check the appropriate box): [X] No fee required. [ ] Fee computed on table below per Exchange Act Rule 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: On May 27, 2003, Carl C. Icahn issued a press release attached hereto as Exhibit A. Exhibit A FOR IMMEDIATE RELEASE ICAHN REACTS TO VISX ANNUAL MEETING RESULTS New York, New York, May 27, 2003 Contact: Susan Gordon (212) 702-4309 Carl C. Icahn reacted today to the results of the VISX annual meeting. Although disappointed that his nominee, Keith Meister, was not elected, Mr. Icahn stated as follows: I am pleased by VISX management's recent concession to implement a "chewable pill". This pill, although not a perfect solution, allows a cash bidder willing to pay above the current market price for VISX stock to acquire that stock without triggering the poison pill, so long as at least half of the shareholders tender. I believe that the adoption of this feature was made in response to our efforts to elect Mr. Meister to the VISX Board and represents a real victory for shareholder interests. While this concession, in my opinion, likely gained the support of Institutional Shareholder Services for VISX management and insured their victory in the proxy contest, I believe that this is a step in the right direction and that potential bidders will be encouraged by the existence of this provision. VISX has indicated that it has now received FDA approval of the CustomVue TM technology. In its April 18, 2003 letter to shareholders, the Company stated its belief that "CustomVue [TM] will provide us with an extraordinary opportunity to gain incremental revenue and profit from VISX procedures as well as reinvigorate demand for laser correction". I believe that the "extraordinary opportunity" to gain incremental profit will be viewed as a tantalizing opportunity for the right kind of buyer. I do not believe that VISX alone, without combining with a larger, more well capitalized company, can take advantage of the market potential available to it. I still firmly believe that shareholders are best served when shareholder nominees are included on boards of directors and that the addition of Mr. Meister would have provided an important catalyst for an acquisition of the Company. Nonetheless, in my opinion, as a result of this proxy contest, VISX shareholders are in a better position today than they were three months ago. It is a sad commentary on United States corporations in general, and on VISX in particular, that only in the context of an arduous proxy battle was the adoption of the "chewable pill" feature implemented. It should not take a proxy contest for shareholders to secure from entrenched management something that should always be within their own absolute control, the right to decide for themselves whether to accept a tender offer for any and all of their stock. I am pleased that we were able to obtain this victory at VISX. In the future, I intend to continue to object to poison pills and other devices that I believe limit shareholder rights and I will seek to cause other companies to implement a "chewable pill" provision in their poison pills. I urge other large shareholders to do the same. - -------------------------------------------------------------------------------- Shareholders of VISX are advised to read the definitive proxy statement filed by Mr. Icahn's affiliates in connection with their solicitation of proxies from VISX shareholders. Shareholders of VISX and other interested parties may obtain, free of charge, copies of the definitive proxy statement and any other documents filed by Mr. Icahn and his affiliates with the SEC, at the SEC's Internet website at www.sec.gov. The definitive proxy statement was also mailed to shareholders. -----END PRIVACY-ENHANCED MESSAGE-----