shack_dfan14a.htm
SCHEDULE
14A INFORMATION
(RULE
14a-101)
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 Under Rule 14a-12
ARTES
MEDICAL, INC.
(Name of
Registrant as Specified in Charter)
H.
MICHAEL SHACK
(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 (Set forth the amount on which the filing fee is calculated
and state how it was determined):
(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:
FOR IMMEDIATE
RELEASE
CONTACT:
Stephen
D. Axelrod, CFA (Investors)
Wolfe Axelrod
Weinberger Associates, LLC
212-370-4500
steve@wolfeaxelrod.com
ACTIVIST
SHAREHOLDER OF ARTES MEDICAL, INC. FILES PROXY STATEMENT WITH SEC
-
Proxy Organizer urges Company to Call Annual Meeting on September 19, 2008
–
-
Proxy Organizer Seeking to Replace Five Board Directors -
New York, NY – August 11, 2008 – Dr.
H. Michael Shack, Proxy Organizer shareholder of Artes Medical, Inc. (NASDAQ:
ARTE), announced today his intention to solicit proxies for the election
of five new candidates to join the Board of Directors of Artes Medical, Inc. at
an annual meeting proposed for September 19, 2008.
As
indicated in a Preliminary Proxy Statement filed today with the SEC, Dr. Shack
will solicit proxies to replace two board members whose term has expired and
remove three current Board Members and elect the following as new Board Members:
Charles A. Schliebs, Terry Knapp, M.D., Robert Binkele, Barry Vogel, and Eric
Donsky.
Dr. Shack
stated, “The Director Nominees presented in the Proxy have a proven track record
in the personal aesthetic industry to unleash the full potential of ArteFill and
position the Company for future growth.”
Mr.
Schliebs is the co-founder and managing director of iNetworks Advisors, Inc.,
iNetworks BioOpportunity Fund, LP, and iNetworks Private Fund, LP. iNetworks is
a venture capital/private equity group investing primarily in healthcare/life
science ventures in North America. Prior to iNetworks, Mr. Schliebs was a
partner from 1988 through 1999 with Jones Day, a 2,300-lawyer, international law
firm, where he directed the firm’s life sciences practice group
worldwide.
Dr.
Knapp, a world-renowned plastic surgeon and co-founder of Collagen Corporation,
pioneered the injectable-wrinkle filler industry. Dr. Knapp is Chairman of the
Board of VisioNetx, Inc., a private spin-off from AcuNetx in the field of human
impairment testing.
Mr. Vogel
is the President of Canderm, Inc., Canada’s leading privately held skin care
company and has successfully launched Artecoll®, the predecessor to ArteFill®
into the Canadian market. He is also considered a leading marketing expert in
the dermal filler industry, having thoroughly researched numerous fillers
available throughout the world and distributing a unique and complete portfolio
comprising a temporary, semi-permanent and permanent filler
(Artecoll/ArteSense®).
Mr.
Donsky is the CEO of OcuSense, Inc., a San Diego, Calif.-based an in-vitro
diagnostics company. Mr. Donsky has 15 years experience in building
biotechnology and life science companies as a founder and senior
manager.
-
More -
Mr.
Binkele is the founder and CEO of the Estate Planning Team, Inc., which has
grown to service over 2,200 securities advisors, CPAs, attorneys and other
professionals nationwide. Mr. Binkele is also a branch manager and investment
advisor for J.P. Turner & Co.
The Proxy
Organizer is dissatisfied with the Board of Directors of the Company and its
management team. He believes that the Company’s poor financial
performance, lack of expressed business plan, and questionable changes to key
personnel are impairing the Company’s ability to maximize value for all
shareholders.
The Proxy
Organizer has retained MacKenzie Partners, Inc. to conduct the proxy
solicitation and has requested a shareholder list from Artes Medical in order to
communicate with shareholders concerning the efforts to replace five members of
the Board with a new slate proposed in the preliminary proxy
statement.
Artes
Medical, based in San Diego, Calif., is a medical aesthetics company focused on
developing, manufacturing and commercializing new and innovative medical
aesthetic products including injectable products for the dermatology and plastic
surgery markets. The Company’s initial product, ArteFill, is being marketed to
men and women as a treatment option for the correction of nasolabial
folds.
If you
have any questions, you can reach the Proxy Organizer's proxy solicitation firm
of MacKenzie Partners, Inc. at (212) 929-5500 or via e-mail at
proxy@mackenziepartners.com.
###
FOR IMMEDIATE
RELEASE
CONTACT:
Stephen
D. Axelrod, CFA (Investors)
Wolfe Axelrod Weinberger Associates,
LLC
212-370-4500
steve@wolfeaxelrod.com
PROXY
GROUP REACTS TO RECENT STOCK ACTIVITY IN ARTES MEDICAL, INC.
-
Group Proposes William G. Kachioff as future Chief Financial Officer
–
-
Proxy Organizer Preparing Formal Plan to Present at Upcoming Shareholders’
Meeting –
-
Plan includes Recommendations to Satisfy NASDAQ Listing
Requirements
and
Road Map to Profitability -
San Diego, CA – September 3, 2008 --
Dr. H. Michael Shack, Proxy Organizer shareholder of Artes Medical, Inc.
(NASDAQ: ARTE), announced today on behalf of dissatisfied shareholders,
several steps in preparation for the upcoming annual shareholders’ meeting
scheduled to be held in San Diego, CA on October 30, 2008...
The Proxy
Group recently designated Mr. William G. Kachioff the future Chief Financial
Officer of Artes Medical. Mr. Kachioff is a results-driven senior executive with
extensive operational, financial and management experience, including 18-years
in life science companies. This includes six years at Abbott Labs [NYSE: ABT],
Vivus (1996-1998) [NASDAQ:VVUS], Cutera (1998-2001) [NASDAQ:CUTR], MicroIslet
(2002-2006) [AMEX:MII], and Clarient (2007) [NASDAQ:CLRT]. Mr. Kachioff has
experience in all aspects of financial management, SEC reporting, accounting,
legal affairs, treasury, and investor relations for early-stage to mature life
science businesses, several of them in the personal aesthetics market. . He has
also completed a wide variety of financing transactions totaling approximately
$100 million. Currently he is a partner in the San Diego practice of Tatum, LLC
– a national executive services firm focused on the Office of the
CFO.
Commenting
on the designation by the Proxy Group, Mr. Kachioff stated, “I am pleased to
bring my experience and expertise to assisting Artes stockholders in maximizing
shareholder value. There is much to accomplish, and given my professional
background combined with the strong attributes and market potential of ArteFill
®, I believe that along with a new management team and sufficient capital, Artes
Medical can regain full compliance with NASDAQ continued listing standards and
become a profitable company in a relatively short amount of time. I expect the
combination of these two events will be highly important to building value in
Artes and something the marketplace will recognize once confidence is
restored. It is critical that Artes Medical immediately rationalize
expenditures, increase profit margins, refocus on increasing market share and
pursue additional medical indications for its unique platform technology, as
well as align its personnel structure with its financial goals in order to
achieve profitability as soon as possible.”
Mr.
Kachioff’s designation is one of several steps the Proxy Organizer is currently
taking to properly prepare for the upcoming Artes Medical annual shareholders’
meeting in late October.
In
addition to these steps, the Proxy Organizer continues to hear from concerned
shareholders in Artes Medical, who are calling for a change in management
because they strongly believe in the Company’s lead product ArteFill® and its
future potential as a platform technology for the treatment of various medical
conditions.
Dr.
Richard Fitzpatrick, Laser Surgeon and Cosmetic Dermatologist, La Jolla Cosmetic
Surgery Center, stated:
“I think
ArteFill is a very safe product and my patients like the results. I have not had
a single patient with an adverse reaction or problem of any kind using ArteFill.
I like that ArteFill, the only permanent wrinkle filler, is available for a lot
of patients, who desire enduring results where they don’t have to come back
and/or require surgery. I have found ArteFill to be also very useful for
depressed scars, most commonly acne scars on a patient’s face, neck
and chest.”
Dr.
Fitzpatrick concluded, “I am looking forward to new leadership at Artes Medical
that values crucial feedback from physician customers, something that was
lacking before.”
Dr. Johan
E. Brahme, double board certified Plastic Surgeon, La Jolla Cosmetic Surgery
Centre, remarked:
“Since
the introduction of ArteFill to the U.S. market in early 2007, I have become an
enthusiastic supporter. In addition to the traditional use of ArteFill in
naso-labial folds, I have found it to be very useful in many other facial
applications. Our office has injected hundreds of patients with ArteFill and
none have had any significant complications. In my view, ArteFill’s
disappointing sales are mainly due to the lack of patient awareness of the
product. I believe this is a result of the current management’s ineffective
marketing strategies and their lacking pursuit of other medical
indications.”
Dr. Miles
Graivier, North Atlanta Plastic Surgery, Atlanta, Georgia,
commented:
“I have
been following the evolution of ArteFill very closely from the pre-FDA approval
process all the way through commercialization, and have found the product to be
the safest product for permanent filler usage. I find that patients who have
what we refer to as ‘filler fatigue’, which is common among those who need to
return every 6-12 months, prefer ArteFill because it is safe and effective, as
well as cost-effective, because it requires only one or two treatment sessions.
I have not seen any significant side effects or adverse reactions after two
years of use and the level of satisfaction from patients using ArteFill has been
very high. I believe there is a definite need for a safe permanent filler in the
cosmetic marketplace, and ArteFill fills that void.”
About The
Proxy Organizer
The Proxy
Organizer is dissatisfied with the Board of Directors of the Company and its
management team. He believes that the Company’s poor financial
performance, lack of expressed business plan, and questionable changes to key
personnel are impairing the Company’s ability to maximize value for all
shareholders.
The Proxy
Organizer has retained MacKenzie Partners, Inc. to conduct the proxy
solicitation and has requested a shareholder list from Artes Medical in order to
communicate with shareholders concerning the efforts to replace five members of
the Board with a new slate proposed in the preliminary proxy
statement.
Artes
Medical Inc., based in San Diego, Calif., is a medical aesthetics company
focused on developing, manufacturing and commercializing new and innovative
medical aesthetic products including injectable products for the dermatology and
plastic surgery markets. The Company’s initial product, ArteFill, is being
marketed to men and women as a treatment option for the correction of
naso-labial folds.
If you
have any questions, you can reach the Proxy Organizer's proxy solicitation firm
of MacKenzie Partners, Inc. at (212) 929-5500 or via e-mail at
proxy@mackenziepartners.com.
###
FOR IMMEDIATE
RELEASE
CONTACT:
Stephen
D. Axelrod, CFA (Investors)
Wolfe Axelrod
Weinberger Associates, LLC
212-370-4500
steve@wolfeaxelrod.com
SHAREHOLDER
FILES DERIVATIVE COMPLAINT AGAINST MANAGEMENT AND
BOARD
MEMBERS OF ARTES MEDICAL, INC.
-
Complaint Filed in Superior Court, State of California, County of San Diego
–
BARRY
RUBIN VS. CHRISTOPHER J. REINHARD,
Case
No. 37-2008-00091039-CU-NP-CTL, Filed 09/04/2008
-
Complaint includes breach of fiduciary duty –
San Diego, CA – September 10, 2008 –
Dr. H. Michael Shack, Proxy Organizer shareholder of Artes Medical, Inc.
(NASDAQ: ARTE), announced today that a shareholder named Barry Rubin,
filed a derivative complaint in Superior Court, State of California, County of
San Diego against several members of Artes Medical, Inc.’s current management
team and its Board of Directors. The derivative complaint was filed for: Breach
of fiduciary duty, breach of duty of loyalty, and waste of corporate assets. The
complaint can be obtained by contacting MacKenzie Partners, Inc. at (212) 929-5500 or via e-mail
at proxy@mackenziepartners.com.
People
listed as defendants in the complaint are: CHRISTOPHER J. REINHARD, DOUGLAS
ABEL, JOHN R CONSTANTINO, TODD C. DAVIS, BEVERLY A. HUSS, LON E. OTREMBA, ROBERT
B. SHERMAN, MICHAEL K. GREEN, DIANE S. GOOSTREE, PETER C. WULFF, DAREN J.
BARONE, and DOES 1–20.
Within
the text of the complaint, several allegations against the current management
team and board of directors are mentioned, which undermine their capabilities to
be operating Artes Medical. Allegations included are: self-dealing, illegal
tipping and excessive payments to former officers, channel stuffing, the
Zeoli/Reinhard connection, poison pill, failure to hold annual meeting of
stockholders, profit grants without shareholder approval, misleading financial
statements for third quarter of 2007, and misleading statements to boost
investor confidence.
The Proxy
Organizer has retained MacKenzie Partners, Inc. to conduct the proxy
solicitation and has requested a shareholder list from Artes Medical in order to
communicate with shareholders concerning the efforts to replace the Board of
Directors of Artes Medical, Inc. with a new slate proposed in the preliminary
proxy statement.
If you
have any questions, you can reach the Proxy Organizer's proxy solicitation firm
of MacKenzie Partners, Inc. at (212) 929-5500 or via e-mail at
proxy@mackenziepartners.com.