InfuSystems: Form, Schedule Or Registration Statement No

The following excerpt is from the company's SEC filing.

Filing party:

Date Filed:

June 14, 2018                                             

Dear Fellow Shareholder:

The past twelve months have been a period of rapid transition at InfuSystem Holdings, Inc.

Key to the transition has been our shift to a new strategic plan that focuses on operational efficiencies. InfuSystem has always prided itself on providing the highest level of service to our customers and patients, but we are now also making sure that we get paid for the best-in-class services that we provide.

While working to improve operating profits, InfuSystem is continu ing to see steady growth in its oncology, pain management, and direct rental businesses. We have more customers today and our equipment is being used to treat more patients than ever before. But, we are now taking care to pursue only those new business opportunities where we are confident we will create value for shareholders – there is no more pursuing growth merely for growth’s sake.

Our new strategic plan is being driven by a restructured and realigned management team, with individuals at all levels chosen for their operational expertise. This is driving new efficiencies and cost savings that will improve the company’s operating margins in future periods. In addition, our pump fleet is being managed more efficiently and we have succeeded in minimizing our ongoing capital expenditures, including investments in IT, while growing our peripheral nerve block business.

Your Board of Directors and management team plan to capitalize on the momentum experienced in the second half of 2017 and in the beginning of 2018. By continuing to improve the efficiency of our operations within a fiscally responsible strategic growth framework, we expect to generate continued strong cash flow and significant long-term value for shareholders.

* * * C A U T I O N * * *

We are pleased by the progress achieved to date and optimistic about InfuSystem’s future. However, in our opinion, the progress that we already have achieved and anticipated future improvements are being threatened by a third party. Ryan Morris, the President of Meson Capital Partners LLC, has accumulated control of approximately 9.1% of the outstanding shares of InfuSystem and has indicated that he intends to nominate a controlling slate of his own hand-picked nominees to replace your Board of Directors.

As disclosed in the accompanying proxy statement, Mr. Morris recently proposed to acquire InfuSystem at $3.00-$3.25 per share.

Based upon, among other things, its own review of Mr. Morris’

proposal

, internal and third-party financial analyses

the advice of our legal experts, your

unanimously rejected Mr. Morris’

, which the Board believed to be

an ill-conceived, highly-conditional and poorly-priced offer to purchase InfuSystem.

After the Board declined Mr. Morris’s proposal, he promptly threatened to wage a proxy contest for control of the Board. It’s hard for us to imagine how Mr. Morris’ control of your Board would result in an improved proposal from Mr. Morris for an acquisition of InfuSystem. In our opinion, the more likely result would be a reversion to the operating practices in place when Mr. Morris was on the Board, including his direction of the Board’s activities in his capacity as Chairman or Executive Chairman from 2012 to 2015.

Your Vote Is Important

The Company’s 2018 Annual Meeting of Stockholders is scheduled to be held on Thursday, July 19, 2018. At the Annual Meeting you will be asked to consider and vote on, among other things, the election of eight individuals to the Company’s Board of Directors to serve until the Company’s 2019 Annual Meeting (and until their successors are duly elected and qualified).

I am writing to ask that you join with me in voting

election of the Board’s nominees for election as director

, by signing

and dating

the enclosed

proxy card

returning the

proxy card to us by

using the postage-paid return envelope provided

or by casting your vote by Internet or telephone by following the instructions on

Please

Vote Today

Even if you plan to attend the Annual Meeting, we request that you vote your shares by signing and dating the enclosed

WHITE

proxy card and returning it

in the postage-paid envelope

provided (

or by voting via the Internet or by telephone

following the instructions provided on the enclosed

If you have previously submitted a proxy card sent to you by Mr. Morris, you can revoke that proxy and vote for the nominees proposed by the Board of Directors and on other matters to be voted on at the Annual Meeting by signing and dating the enclosed

proxy card and returning it to us in the postage-paid envelope provided (or by voting via the Internet or by telephone by following the instructions provided on the enclosed

proxy card). Only the latest validly executed proxy that you submit will be counted and any proxy may be revoked at any time prior to the applicable deadline as described in the accompanying proxy statement.

On Behalf of the Board of Directors and

Management,

/s/ Richard A. DiIorio

Richard A. DiIorio 

President & CEO

If you have any questions or need assistance voting, please contact Harkins Kovler, LLC, our proxy solicitor, which is assisting us in connection with the Annual Meeting. Stockholders may call toll free at +

1 (877) 339-3288

. Banks and brokers may call +1 (212) 468-5380.

Additional Information and Where to Find It

InfuSystem Holdings, Inc. filed with the Securities and Exchange Commission (the "SEC") on June 14, 2018 a definitive proxy statement in connection with the election of nominees nominated by the Board of Directors for election as directors, and certain other matters to be considered by the stockholders, at the 2018 Annual Meeting of Stockholders. The definitive proxy statement contains important information about the proposed nominees for election as directors and the other matters to be considered at the Annual Meeting. The definitive proxy statement for the Annual Meeting and any other relevant documents (when they become available) may be obtained free of charge at the SEC's web site at www.sec.gov and at the Company's web site at www.infusystem.com or by directing a written request to: InfuSystem Holdings, Inc., 31700 Research Park Drive, Madison Heights, Michigan 48071, attention Corporate Secretary.

BEFORE MAKING ANY VOTING DECISION, INFUSYSTEM'S STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT CAREFULLY AND IN ITS ENTIRETY BECAUSE IT CONTAINS IMPORTANT INFORMATION ABOUT THE NOMINEES FOR ELECTION AS DIRECTORS AND CERTAIN OTHER MATTERS TO BE CONSIDERED AT THE 2018 ANNUAL MEETING. This press release does not constitute a solicitation of any vote or approval.

Participants in the Solicitation

InfuSystem Holdings, Inc. and its directors and executive officers may be deemed "participants" in the solicitation of proxies from stockholders in connection with the matters to be considered at the Annual Meeting. Information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the stockholders in connection with such matters is set forth in the definitive proxy statement filed with the SEC.

Forward-Looking Statements

Statements made in this letter that are not historical facts are considered to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "should," "plan," "expect," "strategy," "future," "likely," variations of such words, and other similar expressions, as they relate to the Company, are intended to identify forward-looking statements. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking statements include statements relating to future actions, business plans, objectives and prospects, future operating or financial performance. In connection with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, the Company is identifying certain factors that could cause actual results to differ, perhaps materially, from those indicated by these forward-looking statements. Those factors, risks and uncertainties include, but are not limited to, potential changes in overall healthcare reimbursement, including CMS competitive bidding, sequestration, concentration of customers, increased focus on early detection of cancer, competitive treatments, dependency on Medicare Supplier Number, availability of chemotherapy drugs, global financial conditions, changes and enforcement of state and federal laws, natural forces, competition, dependency on suppliers, risks in acquisitions & joint ventures, U.S. Healthcare Reform, relationships with healthcare professionals and organizations, technological changes related to infusion therapy, dependency on websites and intellectual property, the ability of the Company to successfully integrate acquired businesses, dependency on key personnel, dependency on banking relations and covenants, and other risks associated with our common stock, as well as any litigation to which the Company may be involved in from time to time; and other risk factors as discussed in the Company's annual report on Form 10-K for the year ended December 31, 2017 and in other filings made by the Company from time to time with the Securities and Exchange Commission, including our quarterly reports on Form 10-Q. Our annual report on Form 10-K is available on the SEC's EDGAR website at www.sec.gov, and a copy may also be obtained by contacting the Company. All forward-looking statements made in this letter speak only as of the date hereof. We do not intend, and do not undertake any obligation, to update any forward-looking statements to reflect future events or circumstances after the date of such statements, except as required by law.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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