PALO ALTO, CA., March 16, 2004 - Varian Medical Systems, Inc. (NYSE:VAR) today announced that the company will hold a special meeting of stockholders on June 10, 2004 at its headquarters here. Varian Medical Systems' stockholders of record will be asked to approve an amendment to its Restated Certificate of Incorporation to increase the number of authorized shares of common stock by 90 million shares. Varian Medical Systems' board of directors is proposing to increase the number of shares of authorized common stock to a total of 189 million shares for general business purposes and a possible stock split.
Varian Medical Systems' stockholders of record on April 12, 2004 will be entitled to vote at the special meeting.The company announced that it expects to mail the definitive proxy statement regarding the proposal to its stock holders of record on or before May 3, 2004.The special stockholder meeting will be held at 1:00 PM PT on June 10, 2004 at its headquarters at 3100 Hansen Way, Palo Alto, California.
Investors and security holders are urged to read the proxy statement regarding the proposal to increase the company's authorized shares of common stock because it contains important information.Investors and security holders may obtain a free copy of the proxy statement and other documents filed by Varian Medical Systems with the SEC at the SEC's web site at www.sec.gov and on the company website at www.varian.com/es-419/investor. The proxy statement and these other documents may also be obtained for free from Varian Medical Systems by directing a request to Varian Medical Systems, 3100 Hansen Way, Palo Alto, CA 94304, (650) 424-5834, Attention: Investor Relations.
Varian Medical Systems, its directors, and certain of its executive officers may be considered participants in the solicitation of proxies in connection with this proposal. Information about the directors and executive officers of Varian Medical Systems and their ownership of Varian Medical Systems stock is set forth in the company's proxy statement for the 2004 annual stockholders' meeting filed December 30, 2003, with the Securities and Exchange Commission. Investors may obtain additional information regarding the interests of such participants by reading the proxy statement for the special meeting.