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VETERINARY CENTERS OF AMERICA, INC.
_________
SUPPLEMENT TO
JOINT PROXY STATEMENT/PROSPECTUS
ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON JULY 19, 1996
This Supplement to Joint Proxy Statement/Prospectus has been mailed to the
stockholders of Veterinary Centers of America, Inc., a Delaware corporation (the
"Company") on or about July 10, 1996 in order to supplement, as provided below,
information contained in the Joint Proxy Statement/Prospectus of the Company,
dated as of June 27, 1996 (the "Proxy Statement"), with respect to the Proposals
referred to below at the Annual Meeting of Stockholders to be held on July 19,
1996.
PROPOSAL TO APPROVE AN AMENDMENT TO THE CERTIFICATE OF INCORPORATION TO INCREASE
THE AUTHORIZED NUMBER OF SHARES OF COMMON STOCK AND PREFERRED STOCK (THE
"AMENDMENT")
The Proposal as amended provides for an increase in the total number of
authorized shares to 61,000,000, consisting of 60,000,000 shares of common
stock, par value $0.001 per share. The Proposal as amended does not provide for
any increase in the authorized number of shares of Preferred Stock.
PROPOSAL TO APPROVE THE ADOPTION OF THE 1996 STOCK INCENTIVE PLAN (THE "PLAN")
The Proposal as amended provides that the exercise price for all stock
options (incentive options and non-statutory options) shall equal or exceed the
fair market value of the common stock on the date the option is granted (except
for incentive stock options granted to individuals beneficially owning at least
10% of the outstanding securities of the Company in which case the option
exercise price shall equal or exceed 110% of the fair market value of the common
stock on the date the option is granted).
PROXY STATEMENT
Except as provided above, all information in the Proxy Statement remains
unchanged. Stockholders should refer to the Proxy Statement, which previously
has been distributed to all stockholders, for information concerning the
Amendment, the Plan and for further information concerning the Company, the
Annual Meeting, and the other matters to be presented at the Annual Meeting.
ON BEHALF OF THE BOARD OF DIRECTORS
Robert L. Antin
Chief Executive Officer
DATED: as of July 10, 1996
