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 /X/
Filed by a Party other than the Registrant / /
Check the appropriate box:
/ / Preliminary Proxy Statement
/ / Definitive Proxy Statement
/X/ Definitive Additional Materials
/ / Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12
POLYCOM, INC.
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(Name of Registrant as Specified In Its Charter)
POLYCOM, INC.
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(Name of Person(s) Filing Proxy Statement)
Payment of Filing Fee (Check the appropriate box): Not applicable.
/ / $125 per Exchange Act Rule 0-11(c)(1)(ii), 14a-6(i)(1), or 14a-6(j)(2).
/ / $500 per each party to the controversy pursuant to Exchange Act Rule
14a-6(i)(3).
/ / 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:
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(2) Aggregate number of securities to which transaction applies:
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(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11:(1)
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(4) Proposed maximum aggregate value of transaction:
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/ / 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:
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(2) Form, schedule or registration statement no.:
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(3) Filing party:
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(4) Date filed:
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(1) Set forth the amount on which the filing fee is calculated and state how it
was determined.
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POLYCOM, INC.
2584 JUNCTION AVENUE
SAN JOSE, CALIFORNIA 95134
TO THE STOCKHOLDERS
OF POLYCOM, INC:
Accompanying this letter is an Amendment, dated May 21, 1997 (the
"Amendment"), to the Proxy Statement dated May 13, 1997, (the "Proxy Statement")
of Polycom, Inc. ("Polycom"), which amends certain information contained in the
Proxy Statement. The Proxy Statement was previously furnished to stockholders of
Polycom in connection with the solicitation of proxies by the board of directors
of Polycom for use at the annual meeting of stockholders to be held on
Wednesday, June 11, 1997. Capitalized terms used herein but not otherwise
defined herein shall have the meanings ascribed to them in the Proxy Statement.
This Amendment is intended to provide updated information regarding
"Proposal Two -- Amendments to the 1996 Stock Incentive Plan" under the section
entitled "Option Transactions" on page 11 of the Proxy Statement. Due to a
clerical error, certain option numbers previously provided in this section were
inadvertently incorrect. Except as described herein, there are no other changes
to the Proxy Statement. This Amendment should be read in conjunction with the
Proxy Statement which was mailed to you on May 13, 1997.
Sincerely,
/s/ Michael R. Kourey
Michael R. Kourey
Vice President, Finance and
Administration,
Chief Financial Officer and Secretary
May 21, 1997
POLYCOM, INC.
AMENDMENT TO PROXY STATEMENT DATED MAY 13, 1997
This Amendment to the Proxy Statement dated May 13, 1997 (the "Proxy
Statement") of Polycom, Inc. ("Polycom") amends certain information contained in
the section entitled "Proposal Two -- Amendments to the 1996 Stock Option Plan."
Specifically, the chart under the heading "Option Transactions" and the
paragraph which follows the chart on page 11 is hereby deleted in full and
replaced with the following:
OPTION TRANSACTIONS
OPTIONS GRANTED WEIGHTED AVERAGE
NAME (NUMBER OF SHARES) EXERCISE PRICE
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Brian L. Hinman............................................................. 0 --
Michael R. Kourey........................................................... 100,000 $ 6.375
Evan J. McDowell............................................................ 0 --
Ardeshir Falaki............................................................. 175,000 $ 7.675
Joseph H. Donnelly.......................................................... 0 --
Patrick P. Day.............................................................. 0 --
All executive officers as a group........................................... 805,000 $ 5.746
All employees, including current officers who are not executive officers, as
a group................................................................... 1,027,500 $ 5.860
As of April 1, 1997, options covering 2,059,777 shares of Common Stock were
outstanding under the 1996 Plan, 1,970,091 shares remained available for future
option grant assuming stockholder approval of the 1,000,000-share increase which
forms part of this Proposal, and 95,132 shares have been issued under the 1996
Plan in connection with option exercises.
This Amendment is being mailed to stockholders of Polycom on or about May
21, 1997.