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 [_] CONFIDENTIAL, FOR USE OF THE COMMISSION ONLY (AS PERMITTED BY RULE 14A-6(E)(2)) [_] Definitive Proxy Statement [X] Definitive Additional Materials [_] Soliciting Material Pursuant to Section 240.14a-12 ICN Pharmaceuticals, Inc. -------------------------------------------------------- (Name of Registrant as Specified in its Charter) N/A -------------------------------------------------------- (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)(4) and 0-11. (1) Title of each class of securities to which transaction applies: ------------------------------------------------------------------- (2) Aggregate number of securities to which transaction applies: ------------------------------------------------------------------- (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: ------------------------------------------------------------------- Following is the text of a press release issued on May 17, 2001: [LOGO - ICN] --------------------------------------------------------------------------- ICN PHARMACEUTICALS, INC. International Headquarters ICN Plaza 3300 Hyland Avenue Costa Mesa, California 92626 Telephone: (714) 545-0100 x3230 FAX: (714) 641-7215 Telex: 67-0413 Investors: Media: ---------- ------ Joe Schepers Peter Murphy 212-754-4422 714-545-0100, ext. 3213 ICN PHARMACEUTICALS LAUNCHES ANNUAL MEETING WEB PAGE COSTA MESA, Calif., May 17, 2001 -- ICN Pharmaceuticals, Inc. (NYSE: ICN), a research-based global pharmaceutical company, today announced that it has established a new web page to host information for the Company's 2001 annual shareholders meeting. The web page contains recent news releases relating to the Company's current restructuring status, corporate advertisements highlighting the Company's performance, a comprehensive proxy statement detailing background information on the Company's current nominees for the Board of Directors. Two of the current nominees have a pre-recorded video streaming presentation on the web page. The nominees include: Dr. Ray Irani, Chariman and CEO of Occidental Petroleum and The Right Honorable Kim Campbell, former Prime Minister of Canada. There is also a special shareholder message by Chairman and CEO Milan Panic. You may view this web page at www.icnpharm.com, www.icnannualmeeting.com and www.icnproxy.com. ICN is an innovative, research-based, global pharmaceutical company that manufactures markets and distributes a broad range of prescription and non-prescription pharmaceuticals under the ICN brand name. Its therapeutic focus is on anti-infectives, including anti-virals, dermatology and oncology. Additional information is also available on the company's website at http://www.icnpharm.com. THE SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. This press release contains forward-looking statements that involve risks and uncertainties, including but not limited to, projections of future sales, operating income, returns on invested assets, regulatory approval processes, and other risks detailed from time to time in the Company's Securities and Exchange Commission filings. ####