RiskMetrics Affirms Recommendation that Stockholders Support LCA-Vision Board of Directors and Reject All Proposals by Dissident
23 March 2009 - 10:00PM
PR Newswire (US)
Issues Alert maintaining recommendation in support of LCA's current
board, urges stockholders to VOTE GOLD CINCINNATI, March 23
/PRNewswire-FirstCall/ -- LCA-Vision Inc. (NASDAQ: LCAV) announces
that RiskMetrics Group's ISS Governance Services has issued an
Alert affirming its recommendation that LCA-Vision stockholders
vote to retain the Company's current Board of Directors and reject
all proposals, including the removal of the current Directors and
election of replacement Directors, in the Joffe Group's consent
solicitation. The Alert, dated March 20, 2009, was issued in
response to recent information on topics, including LCA-Vision
compensation committee practices, same-store sales performance
metrics and a supportive letter to the Company's Chairman of the
Board from the LCA-Vision Medical Advisory Board. With this Alert,
RiskMetrics recommends that LCA-Vision stockholders vote in support
of the Board and management on all proposals. RiskMetrics Group is
a leading proxy advisory firm, and its analyses and recommendations
are relied upon by many of the world's leading institutional
investors. According to the Alert, "After considering the
additional information presented by the dissidents and the
compensation related events that ensued subsequent to RMG's
[initial] report, we maintain our recommendation in support of
LCA's current board." "We are very pleased that following a review
of recent information that RiskMetrics has affirmed its
recommendation that LCA-Vision stockholders vote in favor of
management on all proposals," said Steven Straus, LCA-Vision chief
executive officer. "We urge our stockholders to follow the
unanimous recommendations of all three proxy advisory firms
reviewing this situation, RiskMetrics, Glass Lewis and PROXY
Governance, in voting for our current Board and in support of the
current management team." Due to the nature of the Consent process,
your voting instruction is extremely important and time sensitive.
LCA-Vision urges all stockholders to vote their GOLD cards to
REVOKE CONSENT on all three proposals. Please discard any proxy
card that you receive from the Joffe Group. If you have already
voted to consent and wish to change your vote, you have every right
to revoke your consent and vote the GOLD proxy. Only the latest
dated card counts. LCA-Vision filed its Definitive Consent
Revocation Statement ("Consent Revocation Statement") with the
Securities and Exchange Commission on Monday, February 9, 2009, and
copies of the Consent Revocation Statement with a GOLD Consent
Revocation Card were mailed to stockholders beginning February 10,
2009. The Consent Revocation Statement can be obtained immediately
from the SEC's website at the following link:
http://idea.sec.gov/Archives/edgar/data/1003130/000114420409006021/v139094
_defc14a.htm or from the Investor Relations section of the
Company's website at http://www.lasikplus.com/ and
http://www.lca-vision.com/. Copies of the Consent Revocation
Statement and consent revocation card may also be obtained from
Georgeson Inc. Additional Information: Georgeson Inc. has been
retained by LCA-Vision as consent revocation solicitation agent.
Stockholders with questions are encouraged to call Georgeson
toll-free 1-800-457-0109. Copies of the Company's Consent
Revocation Statement, and any other documents filed by LCA-Vision
with the SEC in connection with the consent solicitation can be
obtained free of charge from the SEC's website at
http://www.sec.gov/, from the Company's website at
http://www.lasikplus.com/ and http://www.lca-vision.com/, or from
Georgeson. About LCA-Vision Inc./LasikPlus(R) LCA-Vision Inc., a
leading provider of laser vision correction services under the
LasikPlus(R) brand, operates 75 LasikPlus(R) fixed-site laser
vision correction centers in 32 states and 57 markets in the United
States and a joint venture in Canada. Additional company
information is available at http://www.lca-vision.com/ and
http://www.lasikplus.com/. Earning Trust Every Moment. Transforming
Lives Every Day. For Additional Information Company Contact:
Investor Relations Contact: Barb Kise Jody Cain LCA-Vision Inc.
Lippert/Heilshorn & Associates 513-792-9292 310-691-7100
DATASOURCE: LCA-Vision Inc. CONTACT: Barb Kise, LCA-Vision Inc.,
+1-513-792-9292; or Investor Relations Contact, Jody Cain,
Lippert/Heilshorn & Associates, +1-310-691-7100 Web Site:
http://www.lasikplus.com/ http://www.lca-vision.com/
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