Company: LBRDK
Filing Date: 2025-01-22
Form Type: DEFM14A
Source: 0001140361-25-001609
Chunk: 329

Company: Liberty Broadband Corp
Filing Date: 2025-01-22
Form: DEFM14A
Chunk 329
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 or voting interest is greater than or equal to 5%; and |

| • | no director nominees if such investor party’s equity interest and voting interest in Charter are both less than 5%; |

provided, A/N will be entitled to nominate two director nominees if it owns an equity or voting interest in Charter of 11% or more. Certain Decisions by the Charter Board The Charter certificate of incorporation provides that:

| • | the Charter Board must act by majority vote of the full board, subject to the following: |

| • | for so long as A/N or Liberty Broadband has a voting or equity interest in Charter equal to or greater than 20%, any change of control of Charter will require the approval of (i) a majority of the full Charter Board and (ii) a majority of the unaffiliated directors (which is defined to mean directors not appointed by A/N or Liberty Broadband); |

| • | any transaction involving either A/N or Liberty Broadband or their respective affiliates or associates and Charter (with limited exceptions) or any transaction in which A/N or Liberty Broadband (or any of their respective affiliates or associates) will be treated differently from the holders of Charter Class A common stock or Charter Class B common stock will require the approval of (i) a majority of the unaffiliated directors plus (ii) a majority of the directors designated by the party without such a conflicting interest; however, the approval requirement in this clause (ii) will not apply to ordinary course programming and distribution agreements and related ancillary agreements entered into on an arms’ length basis; and |

| • | any amendment to the Charter certificate of incorporation, including the filing of a certificate of designations relating to the issuance of preferred stock, will require the approval of (i) a majority of the full board and (ii) a majority of the unaffiliated directors; |

| • | decisions of unaffiliated directors will exclude any directors who are not Independent (as defined in the Charter certificate of incorporation) of Charter, Liberty Broadband and A/N; and |

| • | any decision with respect to a stockholder rights plan, including whether to implement a stockholder rights plan, will be made by a majority of the unaffiliated directors. |

Special Meetings of Charter Stockholders The DGCL provides that a special meeting of stockholders may be called by the Charter Board or by any person or persons authorized by the Charter certificate of incorporation or the Charter bylaws. Under the Charter

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