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SCHEDULE 14A INFORMATION
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STAAR Surgical Company
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On April 17, 2007, STAAR Surgical Company (the Company) issued a press release announcing that
the Board of Directors has nominated Barry Caldwell for election to the Board at the May 16, 2007
Annual Meeting of Stockholders. The Board nominated Mr. Caldwell to fill a newly created seat on
the board, and he will be one of four candidates recommended for election by the Board. A copy of
the press release is attached hereto as exhibit 99.1 and incorporated herein by this reference.
The press release may be deemed to be additional soliciting material in connection with the
Companys 2007 annual meeting proxy statement. However, by making this filing, the Company does not
admit that this communication should be considered additional soliciting material.
Exhibits
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Exhibit |
99.1
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Press Release of the Company dated April 17, 2007 |
Exhibit 99.1
IRIDEX CEO BARRY CALDWELL NOMINATED TO STAND FOR ELECTION TO STAAR
SURGICAL BOARD OF DIRECTORS
MONROVIA, CA, April 17, 2007STAAR Surgical Company (Nasdaq: STAA), a leading developer,
manufacturer and marketer of minimally invasive ophthalmic products, today announced that Barry G.
Caldwell, President and CEO of IRIDEX Corporation, (Nasdaq: IRIX) will stand for election to its
Board of Directors at STAARs annual shareholders meeting on May 16, 2007. He has been nominated
to serve in a new seat created to increase the size of STAARs board to six members.
We are delighted that Barry has agreed to stand for election to STAAR Surgicals Board of
Directors. If elected by our shareholders, he will bring more than 30 years of general management,
sales and corporate business development experience in the ophthalmic industry, said Don Bailey,
Chairman of the Board of Directors at STAAR Surgical. Barrys industry expertise will be an asset
to our company as we continue to grow our worldwide refractive business, and we believe he will
bring a unique and relevant perspective to our Board.
Prior to joining IRIDEX in 2005 as the Companys President, CEO and a member of its Board of
Directors, Mr. Caldwell, (56), served in various leadership capacities with Alcon Laboratories,
Inc., a leading developer, manufacturer and marketer of ophthalmology products. His executive
positions included Vice President and General Manager of Alcons U.S. Surgical Division, Vice
President of Alcon Corporate Business Development and Governmental Affairs and Vice President of
Alcon Canada. During his executive tenure in the U.S. Surgical Division, Mr. Caldwell was
responsible for managing all functional areas including surgical instrumentation, intraocular
lenses and disposable devices used in cataract, refractive and vitreoretinal procedures.
I am excited about the possibility of joining the Board of Directors at STAAR Surgical, said Mr.
Caldwell. STAAR has positioned itself for growth through innovative new products based on
proprietary technology. I believe the Company can greatly impact the ophthalmic industry with its
unique implantable lens technology, which has delivered outstanding clinical results for people
with myopia or astigmatism. I look forward to contributing to the Companys future success.
Prior to Alcons acquisition of CooperVision in 1989, Mr. Caldwell served in several leadership
positions with CooperVision and Cavitron. He previously served on the Boards of Directors for
Tekia, Inc., and Laser Diagnostic Technologies, now a part of Carl Zeiss Meditech. Mr. Caldwell
has also served on the Boards of Directors for three ophthalmic industry groups including AdvaMed
and is a former member of the Kentucky State Legislature, where he served three consecutive terms
in the States House of Representatives. Mr. Caldwell has a Bachelor of Arts in Political Science
and English from Georgetown College, and a Juris Doctorate from the Salmon P. Chase College of Law
at Northern Kentucky University.
About STAAR Surgical
STAAR Surgical is a leader in the development, manufacture and marketing of minimally invasive
ophthalmic products employing proprietary technologies. STAARs products are used by ophthalmic
surgeons and include the Visian ICL, a tiny, flexible lens implanted to correct refractive errors,
as well as innovative products designed to improve patient outcomes for cataracts and glaucoma.
STAARs ICL is approved by the FDA for use in treating myopia, has received CE Marking and is
approved for sale in 43 countries. STAARs Visian Toric ICL, designed for the treatment of
astigmatism and myopia, is not currently approved for sale in the U.S. More than 65,000 ICLs have
been sold worldwide. More information is available at www.staar.com.
Safe Harbor
All statements in this press release that are not statements of historical fact are forward-looking
statements, including any statements of the plans, strategies, and objectives of management for
future operations and any statements regarding the prospects for success for our any statements
regarding expectations for success of the ICL or our other products. 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. The risks and uncertainties include our limited capital
resources and limited access to financing, the challenge of adapting our largely independent
marketing model to the challenges of the refractive market, our ability to overcome negative
publicity resulting from warning letters and other correspondence from the FDA Office of
Compliance, the challenge of managing foreign subsidiaries, the willingness of surgeons and
patients to adopt a new product and procedure, and our ability to successfully launch and market
the ICL in the U.S. while overcoming the foregoing challenges. Our ability to capitalize on the
opportunity presented by the U.S. ICL approval depends on our overall financial condition, which
can be adversely affected by general economic conditions, and other factors beyond our control,
including those detailed from time to time in our reports filed with the Securities and Exchange
Commission. STAAR assumes no obligation to update these forward-looking statements to reflect
future events or actual outcomes and does not intend to do so.
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CONTACT:
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Investors
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Media |
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EVC Group
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EVC Group |
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Douglas Sherk, 415-896-6820
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Jen Saunders, 646-201-5431 |
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Jennifer Beugelmans, 646-201-5447 |
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