POLYCOM INC
DEFA14A, 1997-05-21
TELEPHONE & TELEGRAPH APPARATUS
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<PAGE>
                                  SCHEDULE 14A
                                 (RULE 14A-101)
                    INFORMATION REQUIRED IN PROXY STATEMENT
                            SCHEDULE 14A INFORMATION
 
                  Proxy Statement Pursuant to Section 14(a) of
                      the Securities Exchange Act of 1934
 
    Filed by the Registrant /X/
    Filed by a Party other than the Registrant / /
 
    Check the appropriate box:
    / /  Preliminary Proxy Statement
    / /  Definitive Proxy Statement
    /X/  Definitive Additional Materials
    / /  Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12
 
                                             POLYCOM, INC.
- --------------------------------------------------------------------------------
                (Name of Registrant as Specified In Its Charter)
 
                                             POLYCOM, INC.
- --------------------------------------------------------------------------------
                   (Name of Person(s) Filing Proxy Statement)
 
Payment of Filing Fee (Check the appropriate box): Not applicable.
 
/ /  $125 per Exchange Act Rule 0-11(c)(1)(ii), 14a-6(i)(1), or 14a-6(j)(2).
/ /  $500 per each party to the controversy pursuant to Exchange Act Rule
     14a-6(i)(3).
/ /  Fee computed on table below per Exchange Act Rules 14a-6(i)(1)
     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:(1)
         -----------------------------------------------------------------------
     (4) Proposed maximum aggregate value of transaction:
         -----------------------------------------------------------------------
/ /  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:
         -----------------------------------------------------------------------
 
(1) Set forth the amount on which the filing fee is calculated and state how it
    was determined.
<PAGE>
                                     [LOGO]
 
                                 POLYCOM, INC.
                              2584 JUNCTION AVENUE
                           SAN JOSE, CALIFORNIA 95134
 
TO THE STOCKHOLDERS
OF POLYCOM, INC:
 
    Accompanying this letter is an Amendment, dated May 21, 1997 (the
"Amendment"), to the Proxy Statement dated May 13, 1997, (the "Proxy Statement")
of Polycom, Inc. ("Polycom"), which amends certain information contained in the
Proxy Statement. The Proxy Statement was previously furnished to stockholders of
Polycom in connection with the solicitation of proxies by the board of directors
of Polycom for use at the annual meeting of stockholders to be held on
Wednesday, June 11, 1997. Capitalized terms used herein but not otherwise
defined herein shall have the meanings ascribed to them in the Proxy Statement.
 
    This Amendment is intended to provide updated information regarding
"Proposal Two -- Amendments to the 1996 Stock Incentive Plan" under the section
entitled "Option Transactions" on page 11 of the Proxy Statement. Due to a
clerical error, certain option numbers previously provided in this section were
inadvertently incorrect. Except as described herein, there are no other changes
to the Proxy Statement. This Amendment should be read in conjunction with the
Proxy Statement which was mailed to you on May 13, 1997.
 
                                          Sincerely,
 
                                          /s/ Michael R. Kourey
 
                                          Michael R. Kourey
                                          Vice President, Finance and
                                          Administration,
                                          Chief Financial Officer and Secretary
 
May 21, 1997
<PAGE>
                                 POLYCOM, INC.
                AMENDMENT TO PROXY STATEMENT DATED MAY 13, 1997
 
    This Amendment to the Proxy Statement dated May 13, 1997 (the "Proxy
Statement") of Polycom, Inc. ("Polycom") amends certain information contained in
the section entitled "Proposal Two -- Amendments to the 1996 Stock Option Plan."
Specifically, the chart under the heading "Option Transactions" and the
paragraph which follows the chart on page 11 is hereby deleted in full and
replaced with the following:
 
                              OPTION TRANSACTIONS
 
<TABLE>
<CAPTION>
                                                                               OPTIONS GRANTED    WEIGHTED AVERAGE
NAME                                                                          (NUMBER OF SHARES)   EXERCISE PRICE
- ----------------------------------------------------------------------------  ------------------  -----------------
<S>                                                                           <C>                 <C>
Brian L. Hinman.............................................................                0            --
 
Michael R. Kourey...........................................................          100,000         $   6.375
 
Evan J. McDowell............................................................                0            --
 
Ardeshir Falaki.............................................................          175,000         $   7.675
 
Joseph H. Donnelly..........................................................                0            --
 
Patrick P. Day..............................................................                0            --
 
All executive officers as a group...........................................          805,000         $   5.746
 
All employees, including current officers who are not executive officers, as
  a group...................................................................        1,027,500         $   5.860
</TABLE>
 
    As of April 1, 1997, options covering 2,059,777 shares of Common Stock were
outstanding under the 1996 Plan, 1,970,091 shares remained available for future
option grant assuming stockholder approval of the 1,000,000-share increase which
forms part of this Proposal, and 95,132 shares have been issued under the 1996
Plan in connection with option exercises.
 
    This Amendment is being mailed to stockholders of Polycom on or about May
21, 1997.


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