Joffes meet with LCA-Vision, will continue to monitor company

By Lisa Kerner

Charlotte, N.C., Nov. 19 - Stephen N. Joffe, founder and former chairman and chief executive officer of LCA-Vision, Inc., and Craig P.R. Joffe, former chief operating officer and general counsel, met with chairman of the board E. Anthony Woods and board member William F. Bahl to discuss ways to increase stockholder value.

The group met on Nov. 13, and the board members indicated that the company might respond to concerns raised by the Joffes, both LCA-Vision shareholders, after a board meeting to be held on or about Monday, according to a schedule 13D/A filed with the Securities and Exchange Commission.

As of Wednesday, the concerns had not been addressed, the filing said.

The Joffes intend to communicate with independent members of LCA-Vision's board, management and "certain other significant stockholders" of the company.

Discussions and possible proposals may cover the company's turnaround and improvements to corporate governance as well as strategic transactions.

In a prior SEC filing, the Joffes reported the purchase of 77,900 shares of the company's stock between Oct. 6 and Nov. 4 at prices from $2.29 to $3.20 each.

Stephen Joffe beneficially owns 2,115,320 shares, or 11.4%, of the Cincinnati-based laser vision correction services company.

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