Board of Directors Reduces Quarterly Dividend Payment
CINCINNATI, May 14 /PRNewswire-FirstCall/ -- LCA-Vision Inc. (Nasdaq:
LCAV), a leading provider of laser vision correction services under the
LasikPlus(R) brand, conducted its 2008 Annual Stockholder Meeting on
Monday, May 12, 2008. At the meeting, stockholders elected all of the
company's five nominees to the Board of Directors. The Directors, who will
each serve a one-year term, are:
-- William F. Bahl, Co-Founder and President of Bahl & Gaynor Investment
-- John H. Gutfreund, Senior Advisor of Collins Stewart LLC
-- John C. Hassan, Consultant with BSC Ventures
-- Steven C. Straus, Chief Executive Officer of LCA-Vision Inc.
-- E. Anthony Woods, Non-Executive Chairman of LCA-Vision, and Chairman of
Deaconess Associations, Inc.
LCA-Vision stockholders also approved the appointment of Ernst & Young LLP as auditors of the company for the 2008 calendar year.
At a board meeting also conducted on Monday, LCA-Vision's Board of Directors approved a reduction in its quarterly dividend to $0.06 per share from $0.18 per share, payable on June 6, 2008, to stockholders of record as of May 26, 2008.
Commenting on current business conditions, Steve Straus, LCA-Vision's Chief Executive Officer, said, "Recent news reports of the FDA panel review of post-Lasik quality of life matters have not caused a material change in our pre-operative or treatment appointment cancellations. However, the number of bookings quarter-to-date of pre-operative appointments have dropped approximately 20%. Our new marketing creative continues to outperform our older marketing messages across all media, but appointments are significantly softer than prior periods and prior year levels."
This news release contains forward-looking statements based on current
expectations, forecasts and assumptions of LCA-Vision t
|SOURCE LCA-Vision Inc.|
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