<PAGE>
<PAGE>
================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): September 25, 1998
THE COOPER COMPANIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-8597 94-2657368
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
6140 Stoneridge Mall Road, Suite 590, Pleasanton, California 94588
(Address of principal executive offices)
(925) 460-3600
(Registrant's telephone number, including area code)
================================================================================
<PAGE>
<PAGE>
ITEM 5. OTHER EVENTS.
On September 25, 1998, The Cooper Companies, Inc. (the "Company") amended its
stockholders' rights plan.
The First Amendment to Rights Agreement between the Company and American Stock
Transfer & Trust Company as Rights Agent is filed as an exhibit hereto and is
incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
Exhibit
No. Description
- ------- -----------
99.1 First Amendment to Rights Agreement dated September 25, 1998
<PAGE>
<PAGE>
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.
THE COOPER COMPANIES, INC.
By /s/ Stephen C. Whiteford
-----------------------------
Stephen C. Whiteford
Vice President and
Corporate Controller
(Principal Accounting Officer)
Dated: September 28, 1998
<PAGE>
<PAGE>
FIRST AMENDMENT TO RIGHTS AGREEMENT
FIRST AMENDMENT, dated as of September 25, 1998 ("First
Amendment"), to Rights Agreement dated as of October 29, 1997 (the "Rights
Agreement"), between The Cooper Companies, Inc., a Delaware corporation (the
"Company"), and American Stock Transfer & Trust Company (the "Rights Agent").
Capitalized terms used but not otherwise defined herein shall have the meanings
ascribed to them in the Rights Agreement.
WHEREAS, the Company and the Rights Agent previously entered into
the Rights Agreement; and
WHEREAS, pursuant to Section 26 of the Rights Agreement, the
Company and the Rights Agent may from time to time supplement or amend any
provision of the Rights Agreement in accordance with the terms of such Section
26.
NOW, THEREFORE, in consideration of the foregoing premises and
mutual agreements set forth in this Amendment, the parties hereby amend the
Rights Agreement as follows:
1. Section 1.7 of the Rights Agreement is hereby deleted in its
entirety.
2. The second sentence of Section 1.12 of the Rights Agreement is
hereby amended to (a) add the words "prior to the time that any Person has
become an Acquiring Person and" after the word "determines," and before the word
"after" and (b) delete the words "; provided, however, that there must be
Continuing Directors then in office and any such determination shall require the
concurrence of a majority of such Continuing Directors".
3. Section 3.1 of the Rights Agreement is hereby amended to
delete the words "or as permitted by Section 23.1" at the end of the third
sentence thereof.
4. The first sentence of Section 11.1.2 is hereby amended to
delete the words "; PROVIDED, FURTHER, that nothing contained in this Section
11.1.2 shall limit or otherwise diminish the power of the Board of Directors to
postpone the Distribution Date pursuant to Section 3.1 or 23.1 or to extend the
period during which the Rights may be redeemed pursuant to Section 23.1".
5. The last sentence of Section 11.4.1 of the Rights Agreement,
the penultimate sentence of Section 11.4.2 of the Rights Agreement and the last
sentence of Section 14.1 of the Rights Agreement are hereby amended, in each
case, by deleting the words ", by a majority of the Continuing Directors then in
office, or if there are no Continuing Directors".
6. The second sentence of Section 22 of the Rights Agreement is
hereby amended to read in its entirety as follows:
<PAGE>
<PAGE>
"In addition, in connection with the issuance or sale of Common Shares
following the Distribution Date and prior to the Expiration Date, the
Company shall, with respect to Common Shares so issued or sold pursuant
to the exercise of stock options or under any employee plan or
arrangement, granted or awarded, or upon exercise, conversion or
exchange of securities hereinafter issued by the Company, in each case
existing prior to the Distribution Date, issue Right Certificates
representing the appropriate number of Rights in connection with such
issuance or sale; PROVIDED, HOWEVER, that (i) no such Right Certificate
shall be issued if, and to the extent that, the Company shall be advised
by counsel that such issuance would create a significant risk of
material adverse tax consequences to the Company or the Person to whom
such Right Certificate would be issued and (ii) no such Right
Certificate shall be issued if, and to the extent that, appropriate
adjustment shall otherwise have been made in lieu of the issuance
thereof."
7. Section 23.1 of the Rights Agreement is hereby amended and
restated in its entirety as follows:
"23.1 Right to Redeem. The Board of Directors of the Company may,
at its option, at any time prior to a Trigger Event, redeem all but not
less than all of the then outstanding Rights at a redemption price of
$.01 per Right, appropriately adjusted to reflect any stock split, stock
dividend, recapitalization or similar transaction occurring after the
date hereof (such redemption price being hereinafter referred to as the
"Redemption Price"), and the Company may, at its option, pay the
Redemption Price in Common Shares (based on the "current per share
market price," determined pursuant to Section 11.4, of the Common Shares
at the time of redemption), cash or any other form of consideration
deemed appropriate by the Board of Directors. The redemption of the
Rights by the Board of Directors may be made effective at such time, on
such basis and subject to such conditions as the Board of Directors in
its sole discretion may establish."
8. Section 26 of the Rights Agreement is hereby amended by (a)
deleting clause (ii) of the second sentence thereof in its entirety, renumbering
clause (iii) of the second sentence to (ii), adding the word "or" immediately
prior to the new clause (ii) and deleting the words "or the Redemption Date" and
substituting therefor the words "pursuant to the second sentence of Section 3.1"
in the second proviso and (b) deleting the last sentence thereof.
9. Section 30 of the Rights Agreement is hereby amended and
restated in its entirety as follows:
"Section 30. Determination and Actions by the Board of Directors.
The Board of Directors of the Company shall have the exclusive power and
authority to administer this Agreement and to exercise the rights and
powers specifically granted to the Board of Directors of the Company or
to the Company, or as may be necessary or advisable in the
administration of this Agreement, including, without limitation, the
right and power to (i) interpret the provisions of this Agreement and
(ii) make all determinations deemed necessary or advisable for the
administration of this Agreement (including, without limitation, a
determination to redeem or not redeem the Rights or amend this
Agreement).
<PAGE>
<PAGE>
All such actions, calculations, interpretations and
determinations (including, for purposes of clause (y) below, all
omissions with respect to the foregoing) that are done or made by the
Board of Directors of the Company in good faith shall (x) be final,
conclusive and binding on the Company, the Rights Agent, the holders of
the Rights, as such, and all other parties, and (y) not subject the
Board of Directors to any liability to the holders of the Rights."
10. The fourth paragraph of Exhibit B to the Rights Plan ("Form
of Right Certificate) is hereby amended and restated in its entirety as follows:
"Subject to the provisions of the Agreement, the Board of
Directors may, at its option, (i) redeem the Rights evidenced by this
Right Certificate at a redemption price of $.01 per Right or (ii)
exchange Common Shares for the Rights evidenced by this Certificate, in
whole or in part."
11. The tenth paragraph of Exhibit C to the Rights Plan (SUMMARY
OF RIGHTS TO PURCHASE PREFERRED SHARES), is hereby amended to (a) delete the
words "close on business on the tenth business day following the first date of
public announcement that a Person has become an Acquiring Person" and replace
them with the words "time that an Acquiring Person has become such" and (b)
delete the second and third sentences in their entirety.
12. This First Amendment shall be effective as of the date hereof
and, except as expressly set forth herein, the Rights Agreement shall remain in
full force and effect and be otherwise unaffected hereby.
13 This First Amendment may be executed in any number of
counterparts, each of which, when executed, shall be deemed to be an original
and all such counterparts shall together constitute one and the same document.
<PAGE>
<PAGE>
IN WITNESS WHEREOF, the parties have executed this First
Amendment as of the date first written above.
THE COOPER COMPANIES, INC.
By: //Carol R. Kaufman
--------------------------
Name: Carol R. Kaufman
Title: Vice President of Legal Affairs
AMERICAN STOCK TRANSFER AND
TRUST COMPANY
By: //Herbert J. Lemmer
--------------------------
Name: Herbert J. Lemmer
Title: Vice President
<PAGE>
