As filed, via EDGAR, with the Securities and Exchange Commission on
July 20, 1999.
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 [_]
Filed by a party other than the registrant [X]
Check the appropriate box:
[_] Preliminary proxy statement
[_] Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2)
[_] Definitive proxy statement
[_] Definitive additional materials
[X] Soliciting material pursuant to Rule 14a-11(c) or Rule 14a-12
PALOMAR MEDICAL TECHNOLOGIES, INC.
(Name of Registrant as Specified in Its Charter)
THE MONTEREY STOCKHOLDERS GROUP LLC, MARK T. SMITH, THE ROCKSIDE FOUNDATION,
LOGG INVESTMENT RESEARCH, INC., THOMAS O'BRIEN and THE
R. TEMPLETON SMITH FOUNDATION
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of filing fee (Check the appropriate box):
[X] No fee required.
[_] 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:
(4) Proposed maximum aggregate value of transaction:
(5) Total fee paid:
[_] Fee paid previously with preliminary materials.
[_] 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:
<PAGE>
Monterey Stockholders Group Commences Lawsuit
Challenging Quorum at
June 23, 1999 Annual Meeting of
Palomar Medical Technologies, Inc.
The Monterey Stockholders Group LLC ("Monterey") has commenced a lawsuit in
Federal District Court in Delaware against Palomar Medical Technologies, Inc.
(the "Company") and its four directors, Louis Valente, A. Neil Pappalardo,
Nicholas P. Economou and James Martin challenging the results of the Company's
annual meeting of stockholders held on June 23, 1999 (the "Annual Meeting").
Monterey alleges in its complaint that the defendants improperly counted a
large block of 3,250,000 shares of common stock (on a pre-reverse split basis)
for the purposes of obtaining a quorum at the Annual Meeting for the election of
directors. In filings with the SEC, however, the Company repeatedly told the
public that these shares were "held in escrow," "not entitled to vote" and "not
considered outstanding." Without these shares, there would not have been a
quorum. Monterey alleges in its complaint that the defendants' conduct violated
federal securities laws as well as Delaware law. Monterey seeks judicial relief
to set aside the challenged election and to order that a new stockholders'
meeting be held.